The Swedish economy expanded 0.8 percent year-on-year in the first quarter of 2023, revising higher from a preliminary estimates of a 0.3 percent growth and rebounding from a 0.4 percent contraction in the previous three-month period. source: Statistics Sweden

GDP Annual Growth Rate in Sweden averaged 2.26 percent from 1982 until 2023, reaching an all time high of 10.80 percent in the second quarter of 2021 and a record low of -8.10 percent in the second quarter of 2020. This page provides - Sweden GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

GDP Annual Growth Rate in Sweden is expected to be -0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden GDP Annual Growth Rate is projected to trend around 1.40 percent in 2024 and 1.80 percent in 2025, according to our econometric models.

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Sweden GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2023-04-27 06:00 AM YoY Flash Q1 0.3% -0.2% 0.2% 0.3%
2023-05-30 06:00 AM YoY Final Q1 0.8% -0.4% 0.2% 0.3%
2023-07-28 06:00 AM YoY Flash Q2 0.8% -0.8%

Related Last Previous Unit Reference
GDP Growth Rate 0.60 -0.50 percent Mar 2023
GDP Annual Growth Rate 0.80 -0.40 percent Mar 2023
GDP Constant Prices 1496164.00 1487483.00 SEK Million Mar 2023
Gross National Product 1621273.00 1500629.00 SEK Million Dec 2022
Gross Fixed Capital Formation 408035.00 406126.00 SEK Million Mar 2023
Full Year GDP Growth 2.40 4.80 percent Dec 2022
GDP from Utilities 57618.00 55725.00 SEK Million Mar 2023
GDP from Transport 46252.00 44770.00 SEK Million Mar 2023
GDP from Services 685351.00 678447.00 SEK Million Mar 2023
GDP from Public Administration 257339.00 255993.00 SEK Million Mar 2023
GDP from Mining 11227.00 11232.00 SEK Million Mar 2023
GDP from Manufacturing 196006.00 199020.00 SEK Million Mar 2023
GDP from Construction 87788.00 87182.00 SEK Million Mar 2023
GDP from Agriculture 21558.00 21280.00 SEK Million Mar 2023

Sweden GDP Annual Growth Rate
Sweden has an economy heavily oriented toward foreign trade with timber, hydro-power, and iron ore constituting its resource base. Engineering sector accounts for about 50 percent of output and exports. On the expenditure side, household consumption is the main component of GDP and accounts for 46 percent of its total use, followed by government consumption (26 percent) and gross fixed capital formation (23 percent). Exports of goods and services account for 45 percent of GDP while imports account for 41 percent, adding 4 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
0.80 -0.40 10.80 -8.10 1982 - 2023 percent Quarterly