The Gross Domestic Product (GDP) in Sweden stagnated 0 percent in the first quarter of 2021 over the same quarter of the previous year, following a 2.2 percent contraction in the prior quarter and beating expectations of a 1.3 percent drop. The Swedish Statistics agency noted the economy is now back at roughly the same level of the previous year, driven by a strong growth in March. source: Statistics Sweden
GDP Annual Growth Rate in Sweden averaged 2.11 percent from 1982 until 2021, reaching an all time high of 7.50 percent in the fourth quarter of 2010 and a record low of -7.70 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 May of 2021.
GDP Annual Growth Rate in Sweden is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Sweden to stand at 3.80 in 12 months time. In the long-term, the Sweden GDP Annual Growth Rate is projected to trend around 2.60 percent in 2022, according to our econometric models.