Sweden Economic Outlook
October 26, 2021Economic activity looks likely to have picked up in Q3 overall, although available data raises concerns of a stalling recovery. While GDP grew at a robust rate in July, it contracted sharply in August as household consumption declined and the external sector dragged on activity. Supply chain bottlenecks have inhibited production, leading to a fall in the value of exports in August, resulting in the first trade deficit in a year and the largest such shortfall in five years. However, PMI readings for both the manufacturing and services sectors rose further into expansionary territory in September, suggesting a more positive end to the quarter. Meanwhile, in politics, Finance Minister Magdalena Andersson will replace outgoing PM Stefan Löfven as leader of the Social Democrats in November, putting her on course to become the country’s first female prime minister.
Sweden Economic GrowthThe economy is projected to expand at a healthy rate this year, before growth slows slightly in 2022. Lower private consumption growth will drive the mild slowdown, while a normalization of global trade dynamics will see export growth fall considerably. Pandemic-related uncertainty and supply chain disruptions remain key risks to the outlook. FocusEconomics panelists see GDP expanding 3.4% in 2022, which is unchanged from last month’s forecast, and 2.0% in 2023.
Sweden Economy Data
5 years of Sweden economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Bond Yield||0.15||-4.79 %||Jan 01|
|Exchange Rate||9.36||-0.20 %||Jan 01|
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Sweden Economic News
October 14, 2021
Consumer prices with a fixed interest rate increased 0.53% in September over the previous month, matching August's reading.
October 7, 2021
Industrial production decreased 2.6% month-on-month in seasonally-adjusted terms in August (July: -0.4% mom).
September 29, 2021
The economic tendency indicator (ETI) decreased slightly in September, easing to 119.9 from 120.6 in August, but still remained at a historically high level.
Sweden: Riksbank leaves monetary policy unchanged at September meeting; upgrades growth outlook for 2021
September 21, 2021
At its meeting on 20 September, the Riksbank made no adjustments to its monetary policy, maintaining its key repo rate at 0.00% and leaving its asset purchasing program unchanged. The decision reflected moderate inflation expectations—inflation is projected to track close to the Bank’s 2.0% target rate in the long term—and a brightening economic outlook for the final stretch of 2021, giving the Bank space to maintain its accommodative stance and provide liquidity to bolster activity.
September 14, 2021
Consumer prices with a fixed interest rate rose 0.53% over the previous month in August, accelerating from July's 0.29% increase and marking the sharpest increase in prices since December 2020.