The skyline in Sweden

Sweden GDP Q2 2022

Sweden: 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.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest