Markets Actual Q1 Q2 Q3 Q4 2021
Currency 9.70 9.58 9.64 9.69 9.75 9.86
Stock Market (points) 1879.10 1763 1742 1722 1703 1663
Government Bond 10Y (%) -0.11 0 0.01 0.02 0.02 0.04

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.30 0.4 0.5 0.4 0.5 0.3
GDP Annual Growth Rate (%) 1.60 0.9 0.8 1.2 1.5 1.6
Unemployment Rate (%) 7.50 7.5 7.2 6.2 6.5 6.2
Inflation Rate (%) 1.30 1.5 1.4 1.5 1.6 1.8
Inflation Rate Mom (%) -1.40 0.6 0.19 0.21 0.21 0.2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (SEK million) 300.00 2100 4400 -200 -4000 -4000
Current Account (SEK Billion) 68.80 21 15 34.4 30 28
Current Account to GDP (%) 1.70 3.6 3.6 3.6 3.6 4
Government Debt to GDP (%) 38.80 33 33 33 33 32
Government Budget (% of GDP) 0.80 0.2 0.2 0.2 0.2 0.1
Business Confidence (points) 97.40 99 99.5 100 101 102
Manufacturing PMI (points) 51.50 52.5 53.6 54 54.5 54.5
Services Pmi (points) 52.50 56 55.4 55 54.5 55.1
Consumer Confidence (points) 92.60 95 92 96 98 102
Retail Sales MoM (%) 0.50 0.8 -0.4 0.6 0.4 0.3
Corporate Tax Rate (%) 21.40 21.4 21.4 21.4 21.4 21.4
Personal Income Tax Rate (%) 57.20 57.2 57.2 57.2 57.2 57.2

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.30 0.4 0.5 0.4 0.5 0.3
GDP Annual Growth Rate (%) 1.60 0.9 0.8 1.2 1.5 1.6
GDP (USD Billion) 551.03 600 600 600 600 625
GDP Constant Prices (SEK Million) 1225905.00 1223245 1225712 1240616 1244294 1264202
Gross National Product (SEK Million) 1248418.00 1261251 1298885 1263399 1267144 1287419
Gross Fixed Capital Formation (SEK Million) 309588.00 311630 308843 313303 314232 319260
GDP per capita (USD) 57232.10 58000 58000 58000 58000 58790
GDP per capita PPP (USD) 47193.60 48400 48400 48400 48400 49000
GDP From Agriculture (SEK Million) 17916.00 17416 17718 18131 18185 18476
GDP From Construction (SEK Million) 72721.00 74508 73336 73594 73812 74993
GDP From Manufacturing (SEK Million) 162654.00 163148 162928 164606 165094 167735
GDP From Mining (SEK Million) 6336.00 6263 6410 6412 6431 6534
GDP From Public Administration (SEK Million) 218239.00 220429 219732 220858 221513 225057
GDP From Services (SEK Million) 563344.00 557415 560034 570104 571794 580943
GDP From Transport (SEK Million) 44126.00 44000 43969 44656 44788 45504
GDP From Utilities (SEK Million) 34265.00 33151 34207 34676 34779 35335

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 7.50 7.5 7.2 6.2 6.5 6.2
Labour Costs (points) 135.60 136 138 138 139 144
Wages (SEK/Hour) 176.70 178 182 179 181 187
Wages in Manufacturing (SEK/Hour) 187.80 189 196 191 192 199
Population (Million) 10.12 10.36 10.36 10.36 10.36 10.48
Retirement Age Women 61.00 61 62 62 62 62
Retirement Age Men 61.00 61 62 62 62 62
Wage Growth (%) 2.30 2.4 2.5 2.6 2.8 3.3

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 1.30 1.5 1.4 1.5 1.6 1.8
Inflation Rate Mom (%) -1.40 0.6 0.19 0.21 0.21 0.2
Consumer Price Index CPI (points) 332.82 337 339 341 343 349
Harmonised Consumer Prices (points) 106.73 108 108 108 112 115
Core Consumer Prices (points) 217.68 221 223 225 226 230
Core Inflation Rate (%) 1.20 1.9 2.1 2.2 1.8 2
Producer Prices (points) 114.30 118 118 117 118 121
Producer Prices Change (%) 1.30 2.5 2.9 2.4 2.8 3.2
Food Inflation (%) 2.40 2.2 2.3 2.1 2.4 2.8
Inflation Expectations (%) 3.40 2.9 2.5 2.6 2.4 2.5
CPI Housing Utilities (points) 413.68 420 416 421 423 431
CPI Transportation (points) 460.63 452 467 464 475 483

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) 0.15 0.17 0.17 0.17 0.17 0.17
Deposit Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Lending Rate (%) 0.75 0.75 0.75 0.75 0.75 0.75

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (SEK million) 300.00 2100 4400 -200 -4000 -4000
Current Account (SEK Billion) 68.80 21 15 34.4 30 28
Current Account to GDP (%) 1.70 3.6 3.6 3.6 3.6 4
Imports (SEK million) 115700.00 127800 123400 120100 124500 129500
Exports (SEK million) 116000.00 129900 127800 119900 120500 125500
Foreign Direct Investment (SEK Billion) 43.70 29.5 27 25.9 37.8 40.5

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 38.80 33 33 33 33 32
Government Budget (% of GDP) 0.80 0.2 0.2 0.2 0.2 0.1
Government Budget Value (SEK Million) -3015.00 7687 7687 7687 7695 7695
Government Spending (SEK Million) 316531.00 317697 316852 320329 321279 326419
Government Spending to GDP (%) 49.90 49.5 49.5 49.5 49.5 49.6

Taxes Actual Q1 Q2 Q3 Q4 2021
Corporate Tax Rate (%) 21.40 21.4 21.4 21.4 21.4 21.4
Personal Income Tax Rate (%) 57.20 57.2 57.2 57.2 57.2 57.2
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 Q1 Q2 Q3 Q4 2021
Business Confidence (points) 97.40 99 99.5 100 101 102
Manufacturing PMI (points) 51.50 52.5 53.6 54 54.5 54.5
Services Pmi (points) 52.50 56 55.4 55 54.5 55.1
Industrial Production (%) -2.40 2.7 3.2 2.9 3 3.2
Industrial Production Mom (%) -1.60 0.3 0.4 0.4 0.6 0.5
Manufacturing Production (%) 0.60 2.8 3 2.6 3.2 3.4
Business Inventories (SEK Million) 3270.05 8900 800 -6400 -3200 -2200

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Confidence (points) 92.60 95 92 96 98 102
Retail Sales MoM (%) 0.50 0.8 -0.4 0.6 0.4 0.3
Retail Sales YoY (%) 3.40 2.2 2.4 2.1 2.5 2.7
Consumer Spending (SEK Million) 547040.00 540633 546136 553604 555246 564130
Disposable Personal Income (SEK Million) 557200.00 546672 696533 563886 565558 574607
Gasoline Prices (USD/Liter) 1.54 1.37 1.41 1.44 1.49 1.49
Household Spending (%) 0.50 0.9 -0.6 0.4 0.5 0.4


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.