GDP in Sweden

Sweden GDP (USD bn) | Economic News & Forecasts

Sweden - GDP (billions of U.S. Dollars)

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 (USD bn) Data

2015   2016   2017   2018   2019  
GDP (USD bn)505  516  541  555  531  

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Sweden Facts

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

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