Name: Sweden Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

The Swedish economy shrank 0.2% in 2023, the first contraction in three years, following a 2.8% growth in 2022, final estimates showed. Full Year GDP Growth in Sweden averaged 2.11 percent from 1981 until 2023, reaching an all time high of 6.00 percent in 2010 and a record low of -4.30 percent in 2009. source: Statistics Sweden

Full Year GDP Growth in Sweden is expected to reach 0.70 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Full Year GDP Growth is projected to trend around 2.50 percent in 2025 and 3.20 percent in 2026, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	-0.20	2.80	percent	Dec 2023
GDP	593.27	590.41	USD Billion	Dec 2023
GDP Growth Rate YoY	0.70	0.40	percent	Sep 2024
GDP Constant Prices	1562737.00	1558457.00	SEK Million	Sep 2024
GDP from Agriculture	14140.00	15912.00	SEK Million	Sep 2024
GDP from Construction	85452.00	93288.00	SEK Million	Sep 2024
GDP from Manufacturing	195274.00	233521.00	SEK Million	Sep 2024
GDP from Mining	8299.00	10369.00	SEK Million	Sep 2024
GDP from Public Administration	129171.00	146266.00	SEK Million	Sep 2024
GDP from Services	703030.00	726209.00	SEK Million	Sep 2024
GDP from Transport	39044.00	40294.00	SEK Million	Sep 2024
GDP from Utilities	37810.00	38229.00	SEK Million	Sep 2024
GDP Growth Rate	0.30	0.00	percent	Sep 2024
Gross Fixed Capital Formation	381836.00	380826.00	SEK Million	Sep 2024
Gross National Product	1612197.00	1727573.00	SEK Million	Sep 2024
GDP MoM	1.40	-0.40	percent	Nov 2024
Monthly GDP YoY	2.10	-0.30	percent	Nov 2024

Sweden Full Year GDP Growth

Sweden has an economy heavily oriented toward foreign trade with timber, hydro-power, and iron ore constituting its resource base. Engineering sector accounts for about 50 percent of output and exports. On the expenditure side, household consumption is the main component of GDP and accounts for 46 percent of its total use, followed by government consumption (26 percent) and gross fixed capital formation (23 percent). Exports of goods and services account for 45 percent of GDP while imports account for 41 percent, adding 4 percent of total GDP.