Sweden GDP Annual Growth Rate

The Gross Domestic Product in Sweden expanded 2.30 percent year-on-year in the fourth quarter of 2016, slightly below a downwardly revised 2.4 percent growth in the previous period and market expectations of 2.4 percent. Considering full 2016, the economy expanded 3.3 percent. GDP Annual Growth Rate in Sweden averaged 2.66 percent from 1994 until 2016, reaching an all time high of 7.70 percent in the fourth quarter of 2010 and a record low of -6.10 percent in the first quarter of 2009.

Sweden GDP Annual Growth Rate

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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. This page provides – Sweden GDP Annual Growth Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden GDP Annual Growth Rate – actual data, historical chart and calendar of releases – was last updated on March of 2017.