Sweden's gross domestic product grew by 0.5 percent on quarter in the three months to December 2020, easing from a 4.9 percent expansion in the previous period and missing market expectations of a 0.7 percent gain, a preliminary estimate showed. Year-on-year, the economy shrank by 2.6 percent, following a 2.5 percent drop in the prior quarter and compared to market consensus of a 2.3 percent fall. Considering full 2020, the economy contracted 2.8 percent, much better than forecast from the central bank of a decline of 4.0 percent. source: Statistics Sweden
GDP Growth Rate in Sweden averaged 0.53 percent from 1981 until 2020, reaching an all time high of 4.90 percent in the third quarter of 2020 and a record low of -8 percent in the second quarter of 2020. This page provides - Sweden GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
GDP Growth Rate in Sweden is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Sweden to stand at 0.80 in 12 months time. In the long-term, the Sweden GDP Growth Rate is projected to trend around 0.40 percent in 2022, according to our econometric models.