Markets Actual Q3 Q4 Q1 Q2 2020
Currency 9.65 9.73 9.79 9.86 9.93 10.06
Stock Market (points) 1519.41 1525 1506 1488 1469 1434
Government Bond 10Y (%) -0.42 0.01 0.03 0.04 0.06 0.08
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) -0.10 0.3 0.4 0.4 0.5 0.5
GDP Annual Growth Rate (%) 1.40 1.6 1 1.2 1.4 2
Unemployment Rate (%) 7.60 6 6.3 6.5 6.7 6.5
Inflation Rate (%) 1.70 1.7 2.3 2.2 2.4 2.6
Interest Rate (%) -0.25 -0.25 -0.25 -0.25 -0.25 0.25
Balance of Trade (SEK million) 2900.00 -600 -5100 2100 2100 -4000
Current Account (SEK Billion) 62.70 40.2 36.6 21 15 30
Current Account to GDP (%) 2.00 2.5 2.5 2.7 2.7 2.7
Government Debt to GDP (%) 38.80 34 34 32 32 32
Government Budget (% of GDP) 0.90 0.6 0.6 0.4 0.4 0.4
Business Confidence (Index Points) 97.40 95.1 98.6 99 99.5 101
Manufacturing PMI 52.00 51 51.8 54 53.6 54.5
Services Pmi (Index Points) 52.30 54.4 55.9 56 55.4 54.5
Consumer Confidence (Index Points) 97.70 94 99.1 102 102 105
Retail Sales MoM (%) 1.00 0.4 0.2 0.8 -0.4 0.4
Corporate Tax Rate (%) 21.40 22 22 22 21.4 22
Personal Income Tax Rate (%) 61.85 61.85 61.85 61.85 61.85 61.85
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) -0.10 0.3 0.4 0.4 0.5 0.5
GDP Annual Growth Rate (%) 1.40 1.6 1 1.2 1.4 2
GDP (USD Billion) 551.03 575 575 600 600 600
GDP Constant Prices (SEK Million) 1214691.00 1215402 1221524 1230170 1231697 1245955
Gross National Product (SEK Million) 1249945.00 1204367 1304962 1264944 1267444 1331062
Gross Fixed Capital Formation (SEK Million) 302512.00 310163 311185 309649 306747 317409
GDP per capita (USD) 57232.10 57500 57500 58000 58000 58000
GDP per capita PPP (USD) 47193.60 47600 47600 48400 48400 48400
GDP From Agriculture (SEK Million) 12827.00 12660 12629 12876 13007 12882
GDP From Construction (SEK Million) 69010.00 69753 69820 71224 69976 71217
GDP From Manufacturing (SEK Million) 169474.00 166433 169571 171480 171847 172962
GDP From Mining (SEK Million) 5324.00 5375 5296 5295 5399 5402
GDP From Public Administration (SEK Million) 215316.00 219590 219723 219578 218330 224118
GDP From Services (SEK Million) 558307.00 555308 558055 563393 566123 569216
GDP From Transport (SEK Million) 44330.00 44287 44215 44614 44951 45099
GDP From Utilities (SEK Million) 32670.00 31969 32822 33139 33127 33478
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 7.60 6 6.3 6.5 6.7 6.5
Wages (SEK/Hour) 177.10 176 180 180 177 185
Wages in Manufacturing (SEK/Hour) 189.10 188 191 191 189 197
Population (Million) 10.12 10.21 10.24 10.36 10.36 10.36
Retirement Age Women 61.00 61 61 61 62 62
Retirement Age Men 61.00 61 61 61 62 62
Wage Growth (%) 2.30 2.3 2.4 2.4 2.5 2.8
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.70 1.7 2.3 2.2 2.4 2.6
Consumer Price Index CPI (Index Points) 335.80 337 340 338 339 348
Core Consumer Prices (Index Points) 219.56 221 222 221 221 226
Core Inflation Rate (%) 1.50 1.7 2.1 2 2.1 1.8
Producer Prices (Index Points) 114.30 116 115 117 117 119
Producer Prices Change (%) 2.50 2.4 2.2 2.5 2.9 2.8
Food Inflation (%) 3.80 1.9 2 2.2 2.3 2.4
Inflation Expectations (%) 3.30 2.8 2.2 1.9 2.1 2.6
CPI Housing Utilities (Index Points) 413.92 413 419 424 423 430
CPI Transportation (Index Points) 468.15 455 458 454 455 470
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) -0.25 -0.25 -0.25 -0.25 -0.25 0.25
Interbank Rate (%) -0.02 -0.05 -0.05 -0.05 -0.05 0.45
Deposit Interest Rate (%) -1.00 -1 -1 -1 -1 -0.5
Lending Rate (%) 0.50 0.5 0.5 0.5 0.5 1
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (SEK million) 2900.00 -600 -5100 2100 2100 -4000
Current Account (SEK Billion) 62.70 40.2 36.6 21 15 30
Current Account to GDP (%) 2.00 2.5 2.5 2.7 2.7 2.7
Imports (SEK million) 119600.00 118100 120200 127800 123400 124500
Exports (SEK million) 122500.00 117500 115100 129900 127800 120500
Foreign Direct Investment (SEK Billion) 63.70 32.4 36.2 29.5 27 37.8
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 38.80 34 34 32 32 32
Government Budget (% of GDP) 0.90 0.6 0.6 0.4 0.4 0.4
Government Spending (SEK Million) 315105.00 319091 318358 319145 319516 324725
Government Spending to GDP (%) 49.90 49.8 49.8 49.5 49.5 49.5
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 21.40 22 22 22 21.4 22
Personal Income Tax Rate (%) 61.85 61.85 61.85 61.85 61.85 61.85
Sales Tax Rate (%) 25.00 25 25 25 25 25
Social Security Rate (%) 38.42 38.42 38.42 38.42 38.42 38.42
Social Security Rate For Companies (%) 31.42 31.42 31.42 31.42 31.42 31.42
Social Security Rate For Employees (%) 7.00 7 7 7 7 7
Business Actual Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 97.40 95.1 98.6 99 99.5 101
Manufacturing PMI 52.00 51 51.8 54 53.6 54.5
Services Pmi (Index Points) 52.30 54.4 55.9 56 55.4 54.5
Industrial Production (%) -0.20 2.8 2.5 2.7 3.2 3
Industrial Production Mom (%) -1.10 0.6 0.8 0.3 0.4 0.6
Manufacturing Production (%) -0.20 2.9 2.6 2.8 3 3.2
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 97.70 94 99.1 102 102 105
Retail Sales MoM (%) 1.00 0.4 0.2 0.8 -0.4 0.4
Retail Sales YoY (%) 3.80 1.9 2 2.2 2.4 2.5
Consumer Spending (SEK Million) 532257.00 534545 534736 535314 539709 545431
Gasoline Prices (USD/Liter) 1.62 1.58 1.54 1.5 1.46 1.46
Household Spending (%) 0.20 0.4 0.3 0.9 -0.6 0.5


This page has economic forecasts for Sweden including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Sweden economy.