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Sweden

Headline economic indicators for Sweden, with the most recent official readings.

Prices

Prices — Sweden
Indicator Value Change
Inflation rate · 0.7% -2.16 (-76.1%)
Consumer price index · 138.2 +0.93 (+0.7%)
Inflation rate (monthly) · 1.0% +0.70 (+233.3%)
Harmonised consumer price index · 134.3 +1.26 (+0.9%)
House price index (quarterly) · 188.4 +3.49 (+1.9%)
House price inflation, year on year (quarterly) · 4.8% +2.19 (+83.8%)
Real house price index (quarterly) · 135.9 +2.53 (+1.9%)
Real house price growth, year on year (quarterly) · 4.3% +2.24 (+106.5%)
Producer prices, year on year (monthly) · 11.3% +4.50 (+66.2%)
GDP deflator inflation · 1.2% -1.77 (-58.9%)

GDP

GDP — Sweden
Indicator Value Change
GDP growth rate · 1.5% +0.53 (+51.6%)
GDP per capita · 63,133.21 +5,911 (+10.3%)
GDP growth, quarter on quarter · 0.4% -1.10 (-73.3%)
GDP growth, year on year (quarterly) · 2.8% -0.40 (-12.5%)
Industrial production, year on year (monthly) · 6.3% +5.90 (+1,475.0%)
Retail sales volume, year on year (monthly) · 6.9% -1.10 (-13.7%)
Economic sentiment indicator (monthly) · 104.6 -0.80 (-0.8%)
Consumer confidence (monthly) · -7.9 -7.40 (-1,480.0%)
GDP per capita, long-run history · 47,126 +899.58 (+1.9%)
GDP · 668,998,664,082.08 +64,171,270,593 (+10.6%)
GDP, PPP · 768,561,078,543 +15,765,920,198 (+2.1%)
GDP per capita, PPP · 72,529 +1,307 (+1.8%)
GDP per capita growth · 1.3% +0.58 (+83.2%)
GNI per capita · 63,010 +4,500 (+7.7%)
Agriculture to GDP · 1.5% +0.07 (+4.7%)
Industry to GDP · 21.0% -0.62 (-2.8%)
Manufacturing to GDP · 12.5% -0.62 (-4.7%)
Services to GDP · 67.0% +0.55 (+0.8%)
Household consumption to GDP · 46.0% +0.70 (+1.5%)
Gross capital formation to GDP · 25.5% +0.35 (+1.4%)
Gross savings to GDP · 30.6% -0.62 (-2.0%)

Labour

Labour — Sweden
Indicator Value Change
Unemployment rate · 8.7% +0.29 (+3.5%)
Unemployment rate (monthly) · 8.6% -0.30 (-3.4%)
Labour force participation rate · 64.6% -0.14 (-0.2%)
Female labour force participation rate · 61.5% -0.14 (-0.2%)
Youth unemployment rate · 24.3% -0.02 (-0.1%)
Employment to population ratio · 59.0% -0.32 (-0.5%)
Employment in agriculture · 1.8% -0.05 (-2.6%)
Employment in industry · 16.8% -0.20 (-1.2%)
Employment in services · 81.4% +0.24 (+0.3%)

Money

Money — Sweden
Indicator Value Change
Real interest rate · 1.9% -0.85 (-30.9%)
Central bank policy rate · 1.8% -0.25 (-12.5%)
Real effective exchange rate (monthly) · 93.4 -1.57 (-1.7%)
Nominal effective exchange rate (monthly) · 97.6 -2.06 (-2.1%)
Private sector credit to GDP (quarterly) · 236.1% +7.33 (+3.2%)
Credit-to-GDP gap (quarterly) · -30.30 pp +8.30 (+21.5%)
Debt service ratio, private sector (quarterly) · 23.3% +0.50 (+2.2%)
Debt service ratio, households (quarterly) · 11.4% +0.00 (+0.0%)
Debt service ratio, non-financial corporations (quarterly) · 44.7% +2.00 (+4.7%)
10-year government bond yield (monthly) · 3.2% +0.17 (+5.6%)
Broad money to GDP · 77.8% -2.90 (-3.6%)
Private sector credit to GDP · 125.3% -3.85 (-3.0%)
Lending rate · 3.7% +0.15 (+4.1%)
Bank deposit rate · 1.1% +0.27 (+33.2%)
Stock market capitalization to GDP · 86.8% +19.78 (+29.5%)
Bank nonperforming loans · 0.4% -0.08 (-16.0%)
Official exchange rate · 9.82 -0.75 (-7.1%)

Trade

Trade — Sweden
Indicator Value Change
Current account to GDP · 6.8% -0.61 (-8.2%)
Exports to GDP · 53.2% -1.27 (-2.3%)
Imports to GDP · 51.1% -0.36 (-0.7%)
Trade to GDP · 104.3% -1.63 (-1.5%)
Exports of goods and services · 356,098,645,397.39 +26,485,015,936 (+8.0%)
Imports of goods and services · 341,902,516,919.05 +30,595,724,677 (+9.8%)
Trade balance, goods and services (annual) · 25,106,269,711.01 -782,999,778 (-3.0%)
Current account balance (annual) · 45,510,906,002.86 +668,379,023 (+1.5%)
Foreign direct investment to GDP · 2.6% -2.47 (-48.9%)
Remittances received to GDP · 0.8% +0.05 (+6.9%)
Total reserves, including gold · 74,195,224,037.43 +11,625,868,031 (+18.6%)
Reserves in months of imports · 2.2 +0.19 (+9.5%)

Government

Government — Sweden
Indicator Value Change
Government debt to GDP (quarterly) · 35.3% +0.30 (+0.9%)
Government revenue to GDP · 33.0% +0.00 (+0.0%)
Government expense to GDP · 32.5% -0.69 (-2.1%)
Tax revenue to GDP · 27.2% -0.15 (-0.5%)
Government budget balance to GDP · -0.7% -0.81 (-595.5%)
Government consumption to GDP · 26.4% -0.14 (-0.5%)
Education spending to GDP · 7.3% -0.28 (-3.7%)
Health spending to GDP · 11.2% +0.06 (+0.6%)

Demography

Demography — Sweden
Indicator Value Change
Population · 10,596,620 +26,911 (+0.3%)
Population, long-run history · 10,487 +71.13 (+0.7%)
Population growth · 0.3% -0.06 (-18.9%)
Life expectancy · 84.1 +0.75 (+0.9%)
Fertility rate · 1.43 -0.02 (-1.4%)
Birth rate · 9.3 -0.20 (-2.1%)
Death rate · 8.6 -0.40 (-4.4%)
Urban population share · 89.1% +0.22 (+0.2%)
Population aged 65 and over · 20.9% +0.17 (+0.8%)
Under-five mortality rate · 2.4 +0.00 (+0.0%)
Population density · 26.0 +0.08 (+0.3%)
Net migration · 47,079 -3,036 (-6.1%)
Gini index · 29.3 -2.30 (-7.3%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Sweden

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