The Gross Domestic Product (GDP) in Sweden expanded 1.40 percent in the second 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.

The Gross Domestic Product (GDP) in Sweden expanded 0.50 percent in the second 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.

In 2024, the growth of the real gross domestic product (GDP) in Sweden stood at about 0.97 percent. Between 1980 and 2024, the figure dropped by approximately 3.59 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the growth will rise by around 0.72 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

Key information about Sweden Real GDP Growth

• The Gross Domestic Product (GDP) in Sweden contracted 0.1 % YoY in Dec 2022, following a growth of 2.5 % in the previous quarter.
• Real GDP Growth YoY data in Sweden is updated quarterly, available from Mar 1982 to Dec 2022, with an average rate of 2.7 %.
• The data reached an all-time high of 10.0 % in Jun 2021 and a record low of -7.7 % in Jun 2020.

• In the latest reports, Nominal GDP of Sweden reached 147.7 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.2 % in Dec 2022.
• GDP Per Capita in Sweden 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.
• Public Consumption accounted for 25.8 % in Dec 2022.
• Private Consumption accounted for 43.6 % in Dec 2022.

Full Year GDP Growth in Sweden increased to 1 percent in 2024 from -0.10 percent in 2023. This dataset includes a chart with historical data for Sweden Full Year GDP Growth.

The Swedish gross domestic product (GDP) experienced a recession due to the outbreak of the coronavirus (COVID-19) in 2020, falling by 1.7 percent that year. However, in 2021, the GDP grew by nearly six percent and continued to grow in 2022, albeit at a slower pace.

Sweden’s gross domestic product generally increased over the past decade apart from the year 2020, when it decreased slightly due to the coronavirus pandemic. The decline in the growth rate was -1.7 percent in 2020 compared to the previous year.Household consumption affects the GDP There are many factors affecting the gross domestic product of a country, and the household consumption is one important factor. The household consumption is connected to several factors, such as level of employment and inflation, as people will hold on to their savings in times of high unemployment and high inflation. In recent years, both the inflation rate and unemployment rate were exceptionally high, leading to slowing GDP growth.Export of goods Another important factor influencing Sweden’s GDP is the export of services and goods. High export levels will boost a country's GDP. However, if imports exceed exports, this leads to a trade deficit, having a negative impact on a country's currency.

Historical dataset showing Sweden gdp growth rate by year from 1961 to 2023.

Key information about Sweden Nominal GDP Growth

• Sweden Nominal GDP Growth was reported at 4.155 % in Dec 2024.
• This records an increase from the previous number of 2.858 % for Sep 2024.
• Sweden Nominal GDP Growth data is updated quarterly, averaging 5.270 % from Mar 1981 to Dec 2024, with 176 observations.
• The data reached an all-time high of 15.776 % in Mar 1984 and a record low of -4.958 % in Jun 2020.
• Sweden Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

Sweden SE: GDP: Growth: GNI per Capita data was reported at 2.151 % in 2016. This records a decrease from the previous number of 2.727 % for 2015. Sweden SE: GDP: Growth: GNI per Capita data is updated yearly, averaging 1.976 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 6.451 % in 1999 and a record low of -6.938 % in 2009. Sweden SE: GDP: Growth: GNI per Capita 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: Annual Growth Rate. Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The latest data from show economic growth of 1.6 percent, which is an increase from the rate of growth of 0.7 percent in the previous quarter and
an increase compared to the growth rate of 0.5 percent in the same quarter last year. The economic growth time series for Sweden cover the period from...

In the second quarter of 2020, after the outbreak of COVID-19, the quarterly growth rate of the gross domestic product (GDP) in Sweden fell by almost eight percent compared to the same quarter in 2019. The growth rate kept decreasing until the first quarter of 2021. In the second quarter of 2021, the quarterly GDP growth rate in Sweden was positive for the first time since the outbreak of COVID-19, and continued to be so until the final quarter of 2022, when it decreased by 0.5 percent compared to the same quarter in 2021 due to the high inflation rates in the country. The GDP of Sweden decreased through the last three quarters of 2023.

Except for 2020, the Swedish Capital of Stockholm had a positive gross domestic product (GDP) growth rate each year in the period between 2010 and 2021. The growth was highest in 2021, increasing by 6.5 percent from the previous year. In 2021, the total GDP of Stockholm stood at nearly 1.8 trillion Swedish kronor.

From 2013 to 2019, the gross domestic product (GDP) of all five Nordic countries except Finland grew every year. Finland had a negative growth rate between 2012 and 2014. However, after the outbreak of COVID-19 in 2020, GDP growth rates in all five countries were negative. Relatively speaking, Iceland's economy was hit the hardest, whereas Norway's decrease was least dramatic. As of October 2023, the GDP of Sweden and Finland were forecast to decline, while it was forecast to increase in the other three countries. This must be seen in relation with the high inflation rates in 2022 and 2023.

Monthly GDP MoM in Sweden decreased to -0.20 percent in July from 1.40 percent in June of 2025. This dataset includes a chart with historical data for Sweden Monthly GDP MoM.

Graph and download economic data for Real Gross Domestic Product for Sweden (CLVMNACSCAB1GQSE) from Q1 1993 to Q2 2025 about Sweden, real, and GDP.

The gross domestic product (GDP) in current prices in Sweden amounted to about 610.12 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 470.55 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 151.38 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

Sweden SE: GDP: Growth:(GDP) Gross Domestic Productper Capita data was reported at 0.818 % in 2017. This records a decrease from the previous number of 1.946 % for 2016. Sweden SE: GDP: Growth:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 2.089 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 6.026 % in 1964 and a record low of -5.989 % in 2009. Sweden SE: GDP: Growth:(GDP) Gross Domestic Productper Capita 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: Annual Growth Rate. Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Sweden SE: GDP: Growth: Adjusted Net National Income per Capita data was reported at 2.263 % in 2016. This records a decrease from the previous number of 3.528 % for 2015. Sweden SE: GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging 1.439 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 6.059 % in 1994 and a record low of -8.297 % in 2009. Sweden SE: GDP: Growth: Adjusted Net National Income per Capita 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: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted average;

The economy of Sweden experienced a recession in 2020, following the coronavirus (COVID-19) outbreak. According to a forecast from December 2022, the gross domestic product (GDP) of Sweden then increased by over five percent in 2021. However, growth was negative in 2023 as a result of the high inflation rates.