Markets Actual Q4 Q1 Q2 Q3 2021
Currency 8.74 8.83 8.88 8.93 8.98 9.08
Stock Market (points) 1775.01 1777 1736 1695 1655 1576
Government Bond 10Y (%) 0.00 0.01 0.02 0.03 0.04 0.07

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -8.30 1.5 0.9 1.1 0.6 0.9
GDP Annual Growth Rate (%) -7.70 -2.3 -0.8 7.5 4 3.8
Unemployment Rate (%) 8.30 10.4 9.9 9.2 9 8.8
Inflation Rate (%) 0.40 0.3 0.8 1.1 1 1.2
Inflation Rate Mom (%) 0.10 0.5 0.4 0.3 0.4 0.3
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (SEK million) -1600.00 -4000 -7000 -2000 4000 -4000
Current Account (SEK Billion) 63.20 32 26 21 27 28
Current Account to GDP (%) 3.90 3.2 3.6 3.6 3.6 3.6
Government Debt to GDP (%) 35.10 45 40 40 40 40
Government Budget (% of GDP) 0.50 -6.5 -2.3 -2.3 -2.3 -2.3
Business Confidence (points) 93.60 83 85 88 87 91
Manufacturing PMI (points) 55.30 47 50 52 53.7 54
Services Pmi (points) 54.70 48 50.4 52 53.8 55
Consumer Confidence (points) 88.30 84 85 88 89 91
Retail Sales MoM (%) -0.30 1 0.9 0.5 -1.2 0.4
Corporate Tax Rate (%) 21.40 22 21.4 21.4 21.4 22
Personal Income Tax Rate (%) 57.20 61.85 57.2 57.2 57.2 61.85

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -8.30 1.5 0.9 1.1 0.6 0.9
GDP Annual Growth Rate (%) -7.70 -2.3 -0.8 7.5 4 3.8
GDP (USD Billion) 530.83 450 510 510 510 510
GDP Constant Prices (SEK Million) 1157760.00 1219558 1231166 1252484 1244592 1241510
Gross National Product (SEK Million) 1261063.00 1332238 1315904 1267867 1355643 1356218
Gross Fixed Capital Formation (SEK Million) 292736.00 300012 301803 304194 314691 305412
GDP per capita (USD) 57975.10 56000 58100 58100 58100 58100
GDP per capita PPP (USD) 53205.10 52400 53200 53200 53200 53200
GDP From Agriculture (SEK Million) 17501.00 11874 17778 18042 18814 12088
GDP From Construction (SEK Million) 75560.00 69591 74825 76182 81227 70844
GDP From Manufacturing (SEK Million) 126528.00 166683 159988 165246 136018 169683
GDP From Mining (SEK Million) 8077.00 5266 7988 8242 8683 5361
GDP From Public Administration (SEK Million) 217623.00 215328 221360 225256 233945 219203
GDP From Services (SEK Million) 535737.00 567109 565636 573806 575917 577317
GDP From Transport (SEK Million) 33998.00 44427 44029 43998 36548 45227
GDP From Utilities (SEK Million) 30441.00 29856 30292 31553 32724 30393

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 8.30 10.4 9.9 9.2 9 8.8
Long Term Unemployment Rate (%) 1.10 2.1 1.7 1.5 1.6 1.8
Labour Costs (points) 137.50 141 137 135 135 146
Wages (SEK/Hour) 176.40 185 179 178 182 191
Wages in Manufacturing (SEK/Hour) 187.90 197 191 190 193 204
Population (Million) 10.23 10.36 10.48 10.48 10.48 10.48
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 62.00 62 62 62 62 62
Wage Growth (%) 1.10 0.5 1.1 1.6 1.8 1.7

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 0.40 0.3 0.8 1.1 1 1.2
Inflation Rate Mom (%) 0.10 0.5 0.4 0.3 0.4 0.3
Consumer Price Index CPI (points) 337.27 348 339 337 341 359
Harmonised Consumer Prices (points) 108.06 112 112 112 112 115
Core Consumer Prices (points) 220.47 226 222 220 223 230
Core Inflation Rate (%) 0.30 0.6 1 1.2 1.3 1.5
Producer Prices (points) 109.30 119 113 111 111 122
Producer Prices Change (%) -4.20 -1 0.3 1 3.6 2.2
Food Inflation (%) 0.90 1.5 1.2 1.6 1.7 1.9
Inflation Expectations (%) 3.10 2.2 1.8 1.7 1.6 1.6
CPI Housing Utilities (points) 418.20 430 418 415 418 443
CPI Transportation (points) 460.76 470 469 458 468 484

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.07 0.11 -0.02 -0.02 -0.02 0.61
Deposit Interest Rate (%) -0.10 -0.6 -0.1 -0.1 -0.1 -0.1
Lending Rate (%) 0.10 0.6 0.1 0.1 0.1 1.1

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (SEK million) -1600.00 -4000 -7000 -2000 4000 -4000
Current Account (SEK Billion) 63.20 32 26 21 27 28
Current Account to GDP (%) 3.90 3.2 3.6 3.6 3.6 3.6
Imports (SEK million) 105600.00 116500 127500 117900 128900 120300
Exports (SEK million) 104000.00 109500 125500 121900 127800 114500
Foreign Direct Investment (SEK Billion) -12.50 -12 36.2 38.4 25.9 26

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 35.10 45 40 40 40 40
Government Budget (% of GDP) 0.50 -6.5 -2.3 -2.3 -2.3 -2.3
Government Budget Value (SEK Million) 19785.00 7695 -149400 -50400 -33400 7695
Government Spending (SEK Million) 318880.00 326200 329100 328500 325400 326400
Government Spending to GDP (%) 49.30 54 51 51 51 51
Government Revenues (SEK Million) 93380.00 41600 75900 52500 74200 47950
Fiscal Expenditure (SEK Million) 73595.00 191000 126300 85900 79000 175000

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 21.40 22 21.4 21.4 21.4 22
Personal Income Tax Rate (%) 57.20 61.85 57.2 57.2 57.2 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 Q4 Q1 Q2 Q3 2021
Business Confidence (points) 93.60 83 85 88 87 91
Manufacturing PMI (points) 55.30 47 50 52 53.7 54
Services Pmi (points) 54.70 48 50.4 52 53.8 55
Industrial Production (%) -0.20 -2 2.5 3 3.8 3.2
Industrial Production Mom (%) 7.80 -0.6 0.5 0.4 -0.7 0.6
Manufacturing Production (%) -0.10 -1.8 2.4 3.2 4.1 3
Business Inventories (SEK Million) 2075.12 10900 -2400 -3800 -4600 -6200

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) 88.30 84 85 88 89 91
Retail Sales MoM (%) -0.30 1 0.9 0.5 -1.2 0.4
Retail Sales YoY (%) 3.00 -2.6 2 3.6 2.5 3
Consumer Spending (SEK Million) 516524.00 533354 562987 555256 555263 542954
Disposable Personal Income (SEK Million) 619134.00 549249 570142 586841 665569 559135
Household Spending (%) 0.30 0.5 1 0.6 -1.2 0.5
Gasoline Prices (USD/Liter) 1.54 1.54 1.39 1.32 1.25 1.47


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.