Sweden GDP Growth Rate

Last Release

Mar 31, 2025

Actual

-0.2

Units In

0.2

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
6.9 Sep 2020	-7.9 Jun 2020	0.52 %	1981-2025	Statistics Sweden

On the expenditure side, household consumption is the main component of Swedish 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.

Latest Updates

The Swedish economy shrank by 0.2% on a quarterly basis in the three months to March 2025, defying expectations of a 0.1% expansion and stagnant flash estimates. The latest result marked the first contraction since the fourth quarter of 2023, slipping from a downwardly revised 0.5% growth in Q4 amid a decline in fixed investments (-3.8% vs 0.7% in Q4), notably buildings and facilities. Also, household spending fell for the first time in almost a year (-0.2% vs 0.6%), while government spending was unchanged (at 0.1%). Meanwhile, net trade contributed positively to the GDP, as exports (1.8% vs 1.2%) rose more than imports (0.3% vs -0.1%). On a yearly basis, the GDP advanced by 0.9% in Q1, slowing from 2.4% in the previous quarter, which had marked the fastest pace of growth since the third quarter of 2022.