Sweden's gross domestic product advanced 0.8 percent from the previous quarter in the three months to March of 2021, revised down from a 1.1 percent expansion previously estimated. Household final consumption increased by 0.5 percent, mainly driven by spending on transports; and general government consumption rose by 0.4 percent. Meanwhile, fixed investment decreased by 0.1 percent. At the same time, net exports had a limited effect on GDP growth, as exports (1.3 percent) rose less than imports (1.4 percent). Changes in inventories contributed to GDP growth by 0.5 percentage points. Year-on-year, the GDP was unchanged, after contracting 2.2 percent in the prior quarter and matching an earlier estimate. source: Statistics Sweden
GDP Growth Rate in Sweden averaged 0.54 percent from 1981 until 2021, reaching an all time high of 7.50 percent in the third quarter of 2020 and a record low of -7.80 percent in the second quarter of 2020. This page provides - Sweden GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
GDP Growth Rate in Sweden is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Sweden to stand at 0.60 in 12 months time. In the long-term, the Sweden GDP Growth Rate is projected to trend around 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.