Markets Actual Q4 Q1 Q2 Q3 2020
Currency 9.84 9.91 9.97 10.04 10.11 10.24
Stock Market (points) 1642.26 1626 1605 1584 1564 1523
Government Bond 10Y (%) -0.17 0.03 0.06 0.09 0.12 0.15
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.10 0.4 0.4 0.5 0.4 0.5
GDP Annual Growth Rate (%) 1.00 1.4 1.2 1.4 1.3 1.5
Unemployment Rate (%) 7.10 6.7 7.5 7.2 6.2 6.5
Inflation Rate (%) 1.50 1.8 2.2 2.4 2.2 2.6
Interest Rate (%) -0.25 -0.25 -0.25 0 0 0.25
Balance of Trade (SEK million) -5400.00 -5100 2100 2100 4400 -4000
Current Account (SEK Billion) 37.00 36.6 21 15 34.4 30
Current Account to GDP (%) 2.00 2.5 2.7 2.7 2.7 2.7
Government Debt to GDP (%) 38.80 34 32 32 32 32
Government Budget (% of GDP) 0.90 0.4 0.5 0.5 0.5 0.5
Business Confidence (Index Points) 96.20 98.6 99 99.5 100 101
Manufacturing PMI 46.30 51.8 52.5 53.6 54 54.5
Services Pmi (Index Points) 49.80 55.9 56 55.4 55 54.5
Consumer Confidence (Index Points) 90.60 99.1 102 102 102 105
Retail Sales MoM (%) 0.00 0.2 0.8 -0.4 0.6 0.4
Corporate Tax Rate (%) 21.40 22 22 21.4 21.4 22
Personal Income Tax Rate (%) 57.20 61.85 61.85 57.2 57.2 61.85
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.10 0.4 0.4 0.5 0.4 0.5
GDP Annual Growth Rate (%) 1.00 1.4 1.2 1.4 1.3 1.5
GDP (USD Billion) 551.03 575 600 600 600 600
GDP Constant Prices (SEK Million) 1223004.00 1199172 1201540 1236014 1240126 1219558
Gross National Product (SEK Million) 1290409.00 1309968 1312554 1274512 1308475 1332238
Gross Fixed Capital Formation (SEK Million) 309440.00 294997 295579 316383 313772 300012
GDP per capita (USD) 57232.10 57500 58000 58000 58000 58000
GDP per capita PPP (USD) 47193.60 47600 48400 48400 48400 48400
GDP From Agriculture (SEK Million) 17212.00 11676 11699 17303 17453 11874
GDP From Construction (SEK Million) 73445.00 68428 68563 75488 74473 69591
GDP From Manufacturing (SEK Million) 162923.00 163896 164220 164990 165204 166683
GDP From Mining (SEK Million) 6471.00 5178 5189 6391 6562 5266
GDP From Public Administration (SEK Million) 220414.00 211728 212146 222955 223500 215328
GDP From Services (SEK Million) 558574.00 557629 558730 563709 566394 567109
GDP From Transport (SEK Million) 43862.00 43685 43771 44576 44476 44427
GDP From Utilities (SEK Million) 33990.00 29357 29415 33553 34466 29856
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 7.10 6.7 7.5 7.2 6.2 6.5
Wages (SEK/Hour) 174.40 180 180 178 182 185
Wages in Manufacturing (SEK/Hour) 188.60 191 191 189 196 197
Population (Million) 10.12 10.16 10.2 10.2 10.2 10.2
Retirement Age Women 61.00 61 61 62 62 62
Retirement Age Men 61.00 61 61 62 62 62
Wage Growth (%) 2.40 2.4 2.4 2.5 2.6 2.8
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 1.50 1.8 2.2 2.4 2.2 2.6
Consumer Price Index CPI (Index Points) 335.95 340 338 339 342 348
Core Consumer Prices (Index Points) 219.73 222 221 221 223 226
Core Inflation Rate (%) 1.30 1.7 2 2.1 2.2 1.8
Producer Prices (Index Points) 114.10 115 117 117 118 119
Producer Prices Change (%) 1.40 2.2 2.5 2.9 2.4 2.8
Food Inflation (%) 2.70 2.4 2.2 2.3 2.1 2.4
Inflation Expectations (%) 3.50 2.6 1.9 2.1 2.2 2.1
CPI Housing Utilities (Index Points) 415.06 419 424 423 420 430
CPI Transportation (Index Points) 457.01 458 454 455 471 470
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) -0.25 -0.25 -0.25 0 0 0.25
Interbank Rate (%) -0.10 0.01 0.11 -0.03 0.22 0.11
Deposit Interest Rate (%) -1.00 -1 -1 -1 -0.75 -0.6
Lending Rate (%) 0.50 0.5 0.6 0.5 0.75 0.6
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (SEK million) -5400.00 -5100 2100 2100 4400 -4000
Current Account (SEK Billion) 37.00 36.6 21 15 34.4 30
Current Account to GDP (%) 2.00 2.5 2.7 2.7 2.7 2.7
Imports (SEK million) 118900.00 120200 127800 123400 120100 124500
Exports (SEK million) 113500.00 115100 129900 127800 119900 120500
Foreign Direct Investment (SEK Billion) 43.70 36.2 29.5 27 25.9 37.8
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 38.80 34 32 32 32 32
Government Budget (% of GDP) 0.90 0.4 0.5 0.5 0.5 0.5
Government Spending (SEK Million) 317312.00 308260 308869 321375 321754 313500
Government Spending to GDP (%) 49.90 49.8 49.5 49.5 49.5 49.5
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 21.40 22 22 21.4 21.4 22
Personal Income Tax Rate (%) 57.20 61.85 61.85 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 2020
Business Confidence (Index Points) 96.20 98.6 99 99.5 100 101
Manufacturing PMI 46.30 51.8 52.5 53.6 54 54.5
Services Pmi (Index Points) 49.80 55.9 56 55.4 55 54.5
Industrial Production (%) 3.70 2.5 2.7 3.2 2.9 3
Industrial Production Mom (%) 0.30 0.8 0.3 0.4 0.4 0.6
Manufacturing Production (%) 3.20 2.6 2.8 3 2.6 3.2
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 90.60 99.1 102 102 102 105
Retail Sales MoM (%) 0.00 0.2 0.8 -0.4 0.6 0.4
Retail Sales YoY (%) 2.70 2 2.2 2.4 2.1 2.5
Consumer Spending (SEK Million) 543790.00 524438 525474 544256 551403 533354
Gasoline Prices (USD/Liter) 1.56 1.58 1.54 1.35 1.31 1.54
Household Spending (%) 0.80 0.3 0.9 -0.6 0.4 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.