Economy of Sweden. Statistics, Data and Indicators
Sweden
| 99AAA | Credit rank #7 |
| 176.81 | Quality of life #10 |
| 4 | Corruption rank#5 |
| 10 | Ease of doing business#12 |
Sweden Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 627 USD Billion | 2021 |
| GDP Annual Growth Rate | 2.5 % | 3Q/22 |
| GDP Growth Rate | 0.6 % | 3Q/22 |
| GDP per capita | 53693 USD | 2021 |
| Inflation Rate YoY | 10.9 % | Oct/22 |
| Interest Rate | 2.5 % | Nov/22 |
| Unemployment Rate | 7.1 % | Oct/22 |
| Wages | 182 SEK/Hour | 2812.711 USD/Month | Aug/22 |
| Balance of Trade | -9500 SEK Million | -0.918 B USD | Oct/22 |
| Current Account | 36 SEK Billion | 3.477 B USD | 2Q/22 |
| Foreign Exchange Reserves | 662990 SEK Million | 64.038 B USD | Oct/22 |
| Government Debt | 1043567 SEK Million | 100.799 B USD | Oct/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 627 USD Billion | 2021 |
| GDP Annual Growth Rate | 2.5 % | 3Q/22 |
| GDP Growth Rate | 0.6 % | 3Q/22 |
| GDP per capita | 53693 USD | 2021 |
| Gross National Product | 1500629 SEK Million | 144.946 USD Billion | 3Q/22 |
| GDP Constant Prices | 1405464 SEK Million | 135.754 B USD | 3Q/22 |
| GDP per capita PPP | 53050 USD | 2021 |
| GDP From Agriculture | 16675 SEK Million | 1.611 B USD | 3Q/22 |
| GDP From Construction | 83293 SEK Million | 8.045 B USD | 3Q/22 |
| GDP From Manufacturing | 176981 SEK Million | 17.095 B USD | 3Q/22 |
| GDP From Mining | 11724 SEK Million | 1.132 B USD | 3Q/22 |
| GDP From Public Administration | 243458 SEK Million | 23.516 B USD | 3Q/22 |
| GDP From Services | 660467 SEK Million | 63.795 B USD | 3Q/22 |
| GDP From Transport | 48780 SEK Million | 4.712 B USD | 3Q/22 |
| GDP From Utilities | 50306 SEK Million | 4.859 B USD | 3Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 36.7 % | 2021 |
| Government Budget Value | -5944 SEK Million | -0.574 USD Billion | Sep/22 |
| Government Spending | 350496 SEK Million | 33.855 USD Billion | 3Q/22 |
| Government Debt | 1043567 SEK Million | 100.799 USD Billion | Oct/22 |
| Government Revenues | 88137 SEK Million | 8.513 USD Billion | Sep/22 |
| Fiscal Expenditure | 94081 SEK Million | 9.087 B USD | Sep/22 |
| Government Budget to GDP | -0.2 % | 2021 |
| Government Spending to GDP | 50.2 % | 2021 |
| Military Expenditure | 7887 USD Million | 7.887 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 384 index points | Oct/22 |
| Export Prices | 139 index points | Oct/22 |
| Food Inflation | 17.23 % | Oct/22 |
| Gasoline Prices | 1.81 USD/Liter | Nov/22 |
| Import Prices | 144 index points | Oct/22 |
| Inflation Rate YoY | 10.9 % | Oct/22 |
| Producer Prices | 138 index points | Oct/22 |
| Inflation Rate Mom | 0.2 % | Oct/22 |
| Core Consumer Prices | 248 Index Points | Oct/22 |
| Core Inflation Rate | 9.3 % | Oct/22 |
| CPI Housing Utilities | 498 Index Points | Oct/22 |
| CPI Transportation | 553 Index Points | Oct/22 |
| Harmonised Consumer Prices | 122 Index Points | Oct/22 |
| Inflation Expectations | 10.3 % | Nov/22 |
| Producer Prices Change | 18.7 % | Oct/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 5.3 % | 2021 |
| Weapons Sales | 286 USD Million | 2020 |
| Balance of Trade | -9500 SEK Million | -0.918 USD Billion | Oct/22 |
| Capital Flows | -78 SEK Billion | -7.534 USD Billion | 2Q/22 |
| Current Account | 36 SEK Billion | 3.477 USD Billion | 2Q/22 |
| Exports | 175900 SEK Million | 16.99 USD Billion | Oct/22 |
| External Debt | 103644 SEK Million | 10.011 USD Billion | 3Q/22 |
| Foreign Exchange Reserves | 662990 SEK Million | 64.038 USD Billion | Oct/22 |
| Imports | 185400 SEK Million | 17.908 USD Billion | Oct/22 |
| Terms of Trade | 96.47 Index Points | Oct/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 126 Tonnes | 3Q/22 |
| Interbank Rate | 2.44 % | Dec/22 |
| Interest Rate | 2.5 % | Nov/22 |
| Loans to Private Sector | 1792810 SEK Million | 173.168 USD Billion | Oct/22 |
| Money Supply M0 | 64351 SEK Million | 6.216 USD Billion | Oct/22 |
| Money Supply M1 | 4424622 SEK Million | 427.376 USD Billion | Oct/22 |
| Money Supply M2 | 4884821 SEK Million | 471.827 USD Billion | Oct/22 |
| Money Supply M3 | 4956379 SEK Million | 478.738 USD Billion | Oct/22 |
| Central Bank Balance Sheet | 1506133 SEK Million | 145.478 B USD | Oct/22 |
| Deposit Interest Rate | 2.4 % | Nov/22 |
| Foreign Direct Investment | 173 SEK Billion | 16.71 B USD | 2Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 62 | 2022 |
| Retirement Age Women | 62 | 2022 |
| Unemployment Rate | 7.1 % | Oct/22 |
| Wages | 182 SEK/Hour | 2812.711 USD/Month | Aug/22 |
| Youth Unemployment Rate | 23.4 % | Oct/22 |
| Employed Persons | 5190 Thousand Person | 5.19 Million Person | Oct/22 |
| Employment Change | 0.5 % | 3Q/22 |
| Employment Rate | 68.8 % | Oct/22 |
| Full Time Employment | 3983 Thousand Person | 2Q/22 |
| Job Vacancies | 1215 Hundred | 121.5 K | Oct/22 |
| Labor Force Participation Rate | 74.1 % | Oct/22 |
| Long Term Unemployment Rate | 2 % | 2Q/22 |
| Part Time Employment | 1035 Thousand Persons | 2Q/22 |
| Unemployed Persons | 396 Thousand Persons | 0.396 Million Persons | Oct/22 |
| Wage Growth | 2.8 % | Aug/22 |
| Wages in Manufacturing | 199 SEK/Hour | 3075.437 USD/Month | Aug/22 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20.6 % | 2022 |
| Personal Income Tax Rate | 52 % | 2022 |
| Sales Tax Rate | 25 % | 2022 |
| Social Security Rate | 38.42 % | 2022 |
| Social Security Rate For Companies | 31.42 % | 2022 |
| Social Security Rate For Employees | 7 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 0 BBL/D/1K | Jun/17 |
| Electricity Production | 12192 GWh | Sep/22 |
| Industrial Production | 4.1 % | Sep/22 |
| Mining Production | 2.6 % | Sep/22 |
| Steel Production | 410 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | 1.3 % | Sep/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 766 companies | Oct/22 |
| Business Confidence | 86.1 index points | Nov/22 |
| Corruption Index | 85 index points | 2021 |
| Corruption Rank | 4 place | 2021 |
| Ease of Doing Business | 10 place | 2019 |
| Manufacturing PMI | 45.8 index points | Nov/22 |
| Manufacturing Production | 4.3 % | Sep/22 |
| Services PMI | 56.9 index points | Oct/22 |
| Competitiveness Index | 81.25 Index Points | 2019 |
| Competitiveness Rank | 8 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 55.8 index points | Nov/22 |
| Private Debt To GDP | 309 % | 2021 |
| Retail Sales MoM | -1.3 % | Oct/22 |
| Retail Sales YoY | -7.7 % | Oct/22 |
| Consumer Spending | 616450 SEK Million | 59.545 USD Billion | 3Q/22 |
| Disposable Personal Income | 711190 SEK Million | 68.696 B USD | 2Q/22 |
| Household Spending | 1.5 % | Sep/22 |
| Households Debt To GDP | 92.2 % | 1Q/22 |
| Households Debt To Income | 172 % | 2021 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 4.1 % | Sep/22 |
