GDP in Sweden

Sweden GDP | Economic News & Forecasts

Sweden - GDP

Economic growth returns in Q2 and beats market expectations according to advanced data

The economy rebounded strongly in the second quarter of 2022, with GDP expanding 1.4% in seasonally-adjusted quarter-on-quarter terms, according to preliminary figures released by Statistics Sweden. The result was an improvement from the prior quarter’s 0.7% fall and doubled market expectations of a 0.7% expansion. Meanwhile, in calendar-adjusted annual terms, GDP grew 4.2% in the second quarter, coming in above the prior quarter’s 3.2% increase.

Although details of the release are still pending, the quarterly bounce-back likely came on the back of recovering private consumption, supported by a lower unemployment rate and strong annual wage growth. That said, the overall improvement was likely capped by mounting price pressures, which in turn dampened consumer sentiment in the quarter.

A more comprehensive breakdown of Q2 2022 GDP will be released on 29 August.

FocusEconomics Consensus Forecast panelists see GDP growing 2.2% in 2022, which is down 0.2 percentage points from last month’s forecast, and 1.5% in 2023.

Sweden - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)4.5  2.1  2.6  2.0  1.2  

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Sweden GDP Chart

Sweden GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Statistics Sweden.

Sweden Facts

Value Change Date
Bond Yield0.15-4.79 %Jan 01
Exchange Rate9.36-0.20 %Jan 01

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