From 2011 to 2022, Sweden had the highest gross domestic product (GDP) of the Nordic countries. In 2022, it was estimated to be at 591 billion U.S. dollars, and is expected to reach almost 720 billion in 2027. Norway had the second highest GDP in this time period, but it dropped significantly after the fall in the oil price in 2014. Denmark has consistently been the third largest Nordic economy in this time. Iceland has the lowest GDP in the region, with just 28 billion U.S. dollars in 2022; around 10 percent the size of Finland's.

The Gross Domestic Product (GDP) in Sweden was worth 610.12 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Sweden represents 0.57 percent of the world economy. This dataset provides the latest reported value for - Sweden GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2022, Denmark had the highest gross domestic product (GDP) per capita index of the Nordic countries. Denmark's GDP per capita index was at ***, with an index equaling 100 in 2015. The index of all five Nordic countries dropped in 2020 due to the COVID-19 pandemic, and it fell below 2015 levels in Iceland that year.

The Gross Domestic Product (GDP) in Sweden contracted 0.20 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Sweden GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Sweden: Percent of world GDP: The latest value from 2023 is 0.56 percent, a decline from 0.58 percent in 2022. In comparison, the world average is 0.54 percent, based on data from 184 countries. Historically, the average for Sweden from 1980 to 2023 is 0.85 percent. The minimum value, 0.56 percent, was reached in 2023 while the maximum of 1.31 percent was recorded in 1980.

Until 2014, Norway's gross domestic product (GDP) per capita was a lot higher than the other Nordic countries'. However, after the fall of the oil price in 2014, Norway's GDP per capita decreased, but is still the highest in the region, and it increased to over ******* U.S. dollars in 2022. Moreover, while Iceland had the lowest GDP per capita together with Finland in 2015, it had the second highest in 2023 ahead of Denmark. The Nordic countries have some of the highest GDPs per capita in the world.

The Gross Domestic Product per capita in Sweden was last recorded at 54916.03 US dollars in 2024. The GDP per Capita in Sweden is equivalent to 435 percent of the world's average. This dataset provides the latest reported value for - Sweden GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Sweden SE: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 13.599 % in 2017. This records an increase from the previous number of 13.510 % for 2016. Sweden SE: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 18.405 % from Dec 1980 (Median) to 2017, with 38 observations. The data reached an all-time high of 21.293 % in 1985 and a record low of 13.510 % in 2016. Sweden SE: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sweden – Table SE.World Bank: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Sweden GDP per capita for 2023 was $55,517, a 0.4% increase from 2022.

<ul style='margin-top:20px;'>

<li>Sweden GDP per capita for 2022 was <strong>$55,297</strong>, a <strong>9.61% decline</strong> from 2021.</li>
<li>Sweden GDP per capita for 2021 was <strong>$61,175</strong>, a <strong>16.18% increase</strong> from 2020.</li>
<li>Sweden GDP per capita for 2020 was <strong>$52,654</strong>, a <strong>1.7% increase</strong> from 2019.</li>
</ul>GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.

Sweden: Household consumption as percent of GDP: The latest value from 2023 is 43.77 percent, a decline from 44.7 percent in 2022. In comparison, the world average is 62.93 percent, based on data from 146 countries. Historically, the average for Sweden from 1960 to 2023 is 48.79 percent. The minimum value, 43.77 percent, was reached in 2023 while the maximum of 56.21 percent was recorded in 1960.

The Gross Domestic Product (GDP) in Sweden expanded 0.90 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Sweden GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Sweden Public Consumption: % of GDP

• Sweden Public Consumption accounted for 25.8 % of its Nominal GDP in Dec 2022, compared with a share of 25.2 % in the previous quarter.
• Sweden Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1980 to Dec 2022, with an average number of 25.5 %.
• The data reached an all-time high of 28.9 % in Sep 1981 and a record low of 22.6 % in Dec 1988.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Statistics Sweden provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Sweden Public Consumption: % of GDP

• In the latest reports, Sweden GDP contracted 0.1 % YoY in Dec 2022.
• Sweden Nominal GDP reached 147.7 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.2 % in Dec 2022.
• Sweden GDP Per Capita reached 52,838.5 USD in Dec 2020.
• Its Gross Savings Rate was measured at 30.7 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 26.9 % in Dec 2022.
• Private Consumption accounted for 43.6 % in Dec 2022.

Sweden SE: GDP: % of Manufacturing: Textiles and Clothing data was reported at 0.795 % in 2014. This records a decrease from the previous number of 0.799 % for 2013. Sweden SE: GDP: % of Manufacturing: Textiles and Clothing data is updated yearly, averaging 2.010 % from Dec 1963 (Median) to 2014, with 52 observations. The data reached an all-time high of 8.625 % in 1963 and a record low of 0.771 % in 2012. Sweden SE: GDP: % of Manufacturing: Textiles and Clothing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sweden – Table SE.World Bank.WDI: Gross Domestic Product: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Textiles and clothing correspond to ISIC divisions 17-19.; ; United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.; ;

Graph and download economic data for Gross Domestic Product for Sweden (CPMNACNSAB1GQSE) from Q1 1993 to Q1 2025 about Sweden and GDP.

Graph and download economic data for Gross Domestic Product for Sweden (MKTGDPSEA646NWDB) from 1960 to 2024 about Sweden and GDP.

Economic growth, quarterly in Sweden, March, 2025 The most recent value is -0.2 percent as of Q1 2025, a decline compared to the previous value of 0.5 percent. Historically, the average for Sweden from Q2 1993 to Q1 2025 is 0.56 percent. The minimum of -8.6 percent was recorded in Q2 2020, while the maximum of 5.8 percent was reached in Q3 2020. | TheGlobalEconomy.com

Sweden: GDP per capita, Purchasing Power Parity: The latest value from 2023 is 62722 U.S. dollars, a decline from 63215 U.S. dollars in 2022. In comparison, the world average is 26826 U.S. dollars, based on data from 183 countries. Historically, the average for Sweden from 1990 to 2023 is 51787 U.S. dollars. The minimum value, 37768 U.S. dollars, was reached in 1993 while the maximum of 63215 U.S. dollars was recorded in 2022.

Sweden: Income from natural resources, percent of GDP: The latest value from 2021 is 1.21 percent, an increase from 0.37 percent in 2020. In comparison, the world average is 6.83 percent, based on data from 186 countries. Historically, the average for Sweden from 1970 to 2021 is 0.62 percent. The minimum value, 0.24 percent, was reached in 2004 while the maximum of 1.7 percent was recorded in 2011.

Sweden: Financial system deposits, percent of GDP: The latest value from 2021 is 87.4 percent, an increase from 86.43 percent in 2020. In comparison, the world average is 69.41 percent, based on data from 138 countries. Historically, the average for Sweden from 1960 to 2021 is 42.88 percent. The minimum value, 0.02 percent, was reached in 1999 while the maximum of 87.4 percent was recorded in 2021.

The latest data from show economic growth of 1 percent, which is a decrease from the rate of growth of 2.2 percent in the previous quarter and
an increase compared to the growth rate of 0 percent in the same quarter last year. The economic growth time series for Sweden cover the period from ...