Economy of Sweden. Statistics, Data and Indicators
Sweden
| 99AAA | Credit rank #7 |
| 176.81 | Quality of life #10 |
| 5 | Corruption rank#5 |
| 10 | Ease of doing business#12 |
Sweden Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 636 USD Billion | 2021 |
| GDP Annual Growth Rate | -0.9 % | 4Q/22 |
| GDP Growth Rate | -0.9 % | 4Q/22 |
| GDP per capita | 54262 USD | 2021 |
| Inflation Rate YoY | 12 % | Feb/23 |
| Interest Rate | 3 % | Feb/23 |
| Unemployment Rate | 8.2 % | Feb/23 |
| Wages | 188 SEK/Hour | 2884.542 USD/Month | Dec/22 |
| Balance of Trade | 11100 SEK Million | 1.065 B USD | Jan/23 |
| Current Account | 85 SEK Billion | 8.152 B USD | 4Q/22 |
| Foreign Exchange Reserves | 644309 SEK Million | 61.793 B USD | Feb/23 |
| Government Debt | 1026899 SEK Million | 98.486 B USD | Feb/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 636 USD Billion | 2021 |
| GDP Annual Growth Rate | -0.9 % | 4Q/22 |
| GDP Growth Rate | -0.9 % | 4Q/22 |
| GDP per capita | 54262 USD | 2021 |
| Gross National Product | 1621273 SEK Million | 155.588 USD Billion | 4Q/22 |
| GDP Constant Prices | 1388958 SEK Million | 133.293 B USD | 4Q/22 |
| GDP per capita PPP | 53613 USD | 2021 |
| GDP From Agriculture | 17825 SEK Million | 1.711 B USD | 4Q/22 |
| GDP From Construction | 80181 SEK Million | 7.695 B USD | 4Q/22 |
| GDP From Manufacturing | 170464 SEK Million | 16.359 B USD | 4Q/22 |
| GDP From Mining | 10533 SEK Million | 1.011 B USD | 4Q/22 |
| GDP From Public Administration | 246800 SEK Million | 23.685 B USD | 4Q/22 |
| GDP From Services | 644478 SEK Million | 61.848 B USD | 4Q/22 |
| GDP From Transport | 47805 SEK Million | 4.588 B USD | 4Q/22 |
| GDP From Utilities | 46345 SEK Million | 4.448 B USD | 4Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 36.7 % | 2021 |
| Government Budget Value | -45682 SEK Million | -4.381 USD Billion | Jan/23 |
| Government Spending | 352267 SEK Million | 33.785 USD Billion | 4Q/22 |
| Government Debt | 1026899 SEK Million | 98.486 USD Billion | Feb/23 |
| Government Revenues | 62577 SEK Million | 6.002 USD Billion | Jan/23 |
| Fiscal Expenditure | 108259 SEK Million | 10.383 B USD | Jan/23 |
| Government Budget to GDP | -0.1 % | 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) | 396 index points | Feb/23 |
| Export Prices | 137 index points | Feb/23 |
| Food Inflation | 20.95 % | Feb/23 |
| Gasoline Prices | 1.79 USD/Liter | Feb/23 |
| Import Prices | 141 index points | Feb/23 |
| Inflation Rate YoY | 12 % | Feb/23 |
| Producer Prices | 135 index points | Feb/23 |
| Inflation Rate Mom | 1.1 % | Feb/23 |
| Core Consumer Prices | 254 Index Points | Feb/23 |
| Core Inflation Rate | 9.4 % | Feb/23 |
| CPI Housing Utilities | 528 Index Points | Feb/23 |
| CPI Transportation | 543 Index Points | Feb/23 |
| Harmonised Consumer Prices | 125 Index Points | Feb/23 |
| Inflation Expectations | 10 % | Feb/23 |
| Producer Prices Change | 9.3 % | Feb/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 4.3 % | 2022 |
| Weapons Sales | 68 USD Million | 2022 |
| Balance of Trade | 11100 SEK Million | 1.065 USD Billion | Jan/23 |
| Capital Flows | 61.6 SEK Billion | 5.908 USD Billion | 4Q/22 |
| Current Account | 85 SEK Billion | 8.152 USD Billion | 4Q/22 |
| Exports | 172600 SEK Million | 16.553 USD Billion | Jan/23 |
| External Debt | 91123 SEK Million | 8.739 USD Billion | 0Q/23 |
| Foreign Exchange Reserves | 644309 SEK Million | 61.793 USD Billion | Feb/23 |
| Imports | 161500 SEK Million | 15.489 USD Billion | Jan/23 |
| Terms of Trade | 96.95 Index Points | Feb/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 126 Tonnes | 4Q/22 |
| Interbank Rate | 3.3 % | Mar/23 |
| Interest Rate | 3 % | Feb/23 |
| Loans to Private Sector | 1817888 SEK Million | 174.346 USD Billion | Jan/23 |
| Money Supply M0 | 62763 SEK Million | 6.019 USD Billion | Jan/23 |
| Money Supply M1 | 4374280 SEK Million | 419.52 USD Billion | Jan/23 |
| Money Supply M2 | 4913649 SEK Million | 471.248 USD Billion | Jan/23 |
| Money Supply M3 | 5003620 SEK Million | 479.877 USD Billion | Jan/23 |
| Central Bank Balance Sheet | 1542240 SEK Million | 147.91 B USD | Feb/23 |
| Deposit Interest Rate | 2.9 % | Feb/23 |
| Foreign Direct Investment | 221 SEK Billion | 21.195 B USD | 4Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 62 | 2022 |
| Retirement Age Women | 62 | 2022 |
| Unemployment Rate | 8.2 % | Feb/23 |
| Wages | 188 SEK/Hour | 2884.542 USD/Month | Dec/22 |
| Youth Unemployment Rate | 23.7 % | Feb/23 |
| Employed Persons | 5169 Thousand Person | 5.169 Million Person | Feb/23 |
| Employment Change | 0.3 % | 4Q/22 |
| Employment Rate | 68.2 % | Feb/23 |
| Full Time Employment | 3972 Thousand Person | 4Q/22 |
| Job Vacancies | 2116 Hundred | 211.6 K | Feb/23 |
| Labor Force Participation Rate | 74.2 % | Feb/23 |
| Long Term Unemployment Rate | 1.7 % | 4Q/22 |
| Part Time Employment | 1010 Thousand Persons | 4Q/22 |
| Unemployed Persons | 459 Thousand Persons | 0.459 Million Persons | Feb/23 |
| Wage Growth | 3.1 % | Dec/22 |
| Wages in Manufacturing | 200 SEK/Hour | 3068.661 USD/Month | Dec/22 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20.6 % | 2022 |
| Personal Income Tax Rate | 52.3 % | 2023 |
| 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 | 15985 GWh | Jan/23 |
| Industrial Production | 3.5 % | Jan/23 |
| Mining Production | 7 % | Jan/23 |
| Steel Production | 410 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | 2.6 % | Jan/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 646 companies | Feb/23 |
| Business Confidence | 88.9 index points | Feb/23 |
| Corruption Index | 83 index points | 2022 |
| Corruption Rank | 5 place | 2022 |
| Ease of Doing Business | 10 place | 2019 |
| Manufacturing PMI | 47 index points | Feb/23 |
| Manufacturing Production | 3.4 % | Jan/23 |
| Services PMI | 45.7 index points | Feb/23 |
| Competitiveness Index | 81.25 Index Points | 2019 |
| Competitiveness Rank | 8 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 59.9 index points | Feb/23 |
| Private Debt To GDP | 309 % | 2021 |
| Retail Sales MoM | -0.1 % | Jan/23 |
| Retail Sales YoY | -7.5 % | Jan/23 |
| Consumer Spending | 608508 SEK Million | 58.36 USD Billion | 4Q/22 |
| Disposable Personal Income | 675106 SEK Million | 64.747 B USD | 4Q/22 |
| Household Spending | 0.5 % | Jan/23 |
| Households Debt To GDP | 89.6 % | 3Q/22 |
| Households Debt To Income | 172 % | 2021 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 5.5 % | Jan/23 |
