Sweden GDP Annual Growth Rate

The Swedish economy expanded 2.4% year-on-year in the fourth quarter of 2024, sharply higher from initial estimates of 1.1%, and up from a 0.9% growth in Q3. This marks the fastest economic expansion since Q3 2022. source: Statistics Sweden

GDP Annual Growth Rate in Sweden averaged 2.25 percent from 1982 until 2024, reaching an all time high of 12.40 percent in the fourth quarter of 1993 and a record low of -7.30 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 March of 2025.

GDP Annual Growth Rate in Sweden is expected to be 1.20 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 2.90 percent in 2026 and 2.50 percent in 2027, according to our econometric models.

Calendar	GMT	Reference	Actual	Previous	Consensus	TEForecast
2025-01-29	07:00 AM	YoY Flash	Q4	1.1%	0.7%	1.1%	0.5%
2025-02-28	07:00 AM	YoY Final	Q4	2.4%	0.9%	1.1%	1.1%
2025-04-29	06:00 AM	YoY Flash	Q1		2.4%		1.2%

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	1.00	-0.10	percent	Dec 2024
GDP Growth Rate YoY	2.40	0.90	percent	Dec 2024
GDP Constant Prices	1583286.00	1571359.00	SEK Million	Dec 2024
GDP from Agriculture	14171.00	14753.00	SEK Million	Dec 2024
GDP from Construction	93451.00	94578.00	SEK Million	Dec 2024
GDP from Manufacturing	225825.00	220434.00	SEK Million	Dec 2024
GDP from Mining	10875.00	7672.00	SEK Million	Dec 2024
GDP from Public Administration	303746.00	247645.00	SEK Million	Dec 2024
GDP from Services	771183.00	703363.00	SEK Million	Dec 2024
GDP from Transport	45367.00	40331.00	SEK Million	Dec 2024
GDP from Utilities	42575.00	29591.00	SEK Million	Dec 2024
GDP Growth Rate	0.80	0.60	percent	Dec 2024
Gross Fixed Capital Formation	388714.00	381975.00	SEK Million	Dec 2024
Gross National Product	1779687.00	1612742.00	SEK Million	Dec 2024

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.