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 | 586 USD Billion | 2022 |
| GDP Annual Growth Rate | -1 % | 2Q/23 |
| GDP Growth Rate | -0.83 % | 2Q/23 |
| GDP per capita | 55482 USD | 2022 |
| Inflation Rate YoY | 7.5 % | Aug/23 |
| Interest Rate | 4 % | Sep/23 |
| Unemployment Rate | 7.7 % | Aug/23 |
| Wages | 193 SEK/Hour | 2832.482 USD/Month | Jul/23 |
| Balance of Trade | -8400 SEK Million | -0.77 B USD | Aug/23 |
| Current Account | 68.8 SEK Billion | 6.311 B USD | 2Q/23 |
| Foreign Exchange Reserves | 640629 SEK Million | 58.762 B USD | Aug/23 |
| Government Debt | 974957 SEK Million | 89.428 B USD | Sep/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 586 USD Billion | 2022 |
| GDP Annual Growth Rate | -1 % | 2Q/23 |
| GDP Growth Rate | -0.83 % | 2Q/23 |
| GDP per capita | 55482 USD | 2022 |
| Gross National Product | 1641978 SEK Million | 150.611 USD Billion | 2Q/23 |
| GDP Constant Prices | 1483449 SEK Million | 136.07 B USD | 2Q/23 |
| GDP per capita PPP | 54818 USD | 2022 |
| GDP From Agriculture | 22388 SEK Million | 2.054 B USD | 2Q/23 |
| GDP From Construction | 84894 SEK Million | 7.787 B USD | 2Q/23 |
| GDP From Manufacturing | 197863 SEK Million | 18.149 B USD | 2Q/23 |
| GDP From Mining | 11155 SEK Million | 1.023 B USD | 2Q/23 |
| GDP From Public Administration | 255484 SEK Million | 23.434 B USD | 2Q/23 |
| GDP From Services | 677264 SEK Million | 62.122 B USD | 2Q/23 |
| GDP From Transport | 41510 SEK Million | 3.808 B USD | 2Q/23 |
| GDP From Utilities | 56240 SEK Million | 5.159 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 33 % | 2022 |
| Government Budget Value | 34303 SEK Million | 3.146 USD Billion | Aug/23 |
| Government Spending | 379149 SEK Million | 34.778 USD Billion | 2Q/23 |
| Government Debt | 974957 SEK Million | 89.428 USD Billion | Sep/23 |
| Government Revenues | 124404 SEK Million | 11.411 USD Billion | Aug/23 |
| Fiscal Expenditure | 90101 SEK Million | 8.265 B USD | Aug/23 |
| Government Budget to GDP | 0.7 % | 2022 |
| Government Spending to GDP | 48.1 % | 2022 |
| Military Expenditure | 7722 USD Million | 7.722 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 406 index points | Aug/23 |
| Export Prices | 137 index points | Aug/23 |
| Food Inflation | 9.02 % | Aug/23 |
| Gasoline Prices | 1.84 USD/Liter | Sep/23 |
| Import Prices | 140 index points | Aug/23 |
| Inflation Rate YoY | 7.5 % | Aug/23 |
| Producer Prices | 131 index points | Aug/23 |
| Inflation Rate Mom | 0.1 % | Aug/23 |
| Core Consumer Prices | 257 Index Points | Aug/23 |
| Core Inflation Rate | 4.7 % | Aug/23 |
| CPI Housing Utilities | 539 Index Points | Aug/23 |
| CPI Transportation | 567 Index Points | Aug/23 |
| Harmonised Consumer Prices | 127 Index Points | Aug/23 |
| Inflation Expectations | 7.1 % | Sep/23 |
| Producer Prices Change | -5.89 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 4.3 % | 2022 |
| Weapons Sales | 68 USD Million | 2022 |
| Balance of Trade | -8400 SEK Million | -0.77 USD Billion | Aug/23 |
| Capital Flows | 52 SEK Billion | 4.77 USD Billion | 2Q/23 |
| Current Account | 68.8 SEK Billion | 6.311 USD Billion | 2Q/23 |
| Exports | 156500 SEK Million | 14.355 USD Billion | Aug/23 |
| External Debt | 79684 SEK Million | 7.309 USD Billion | 3Q/23 |
| Foreign Exchange Reserves | 640629 SEK Million | 58.762 USD Billion | Aug/23 |
| Imports | 164900 SEK Million | 15.126 USD Billion | Aug/23 |
| Terms of Trade | 97.57 Index Points | Aug/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 126 Tonnes | 2Q/23 |
| Interbank Rate | 4.07 % | Oct/23 |
| Interest Rate | 4 % | Sep/23 |
| Loans to Private Sector | 1816877 SEK Million | 166.654 USD Billion | Aug/23 |
| Money Supply M0 | 59801 SEK Million | 5.485 USD Billion | Aug/23 |
| Money Supply M1 | 4016890 SEK Million | 368.451 USD Billion | Aug/23 |
| Money Supply M2 | 4765034 SEK Million | 437.075 USD Billion | Aug/23 |
| Money Supply M3 | 4831339 SEK Million | 443.157 USD Billion | Aug/23 |
| Central Bank Balance Sheet | 1372192 SEK Million | 125.865 B USD | Sep/23 |
| Deposit Interest Rate | 3.9 % | Sep/23 |
| Foreign Direct Investment | 83.8 SEK Billion | 7.687 B USD | 2Q/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 62 | 2022 |
| Retirement Age Women | 62 | 2022 |
| Unemployment Rate | 7.7 % | Aug/23 |
| Wages | 193 SEK/Hour | 2832.482 USD/Month | Jul/23 |
| Youth Unemployment Rate | 22.1 % | Aug/23 |
| Employed Persons | 5297 Thousand Person | 5.297 Million Person | Aug/23 |
| Employment Change | 0.4 % | 2Q/23 |
| Employment Rate | 73.1 % | Jul/23 |
| Full Time Employment | 3967 Thousand Person | 1Q/23 |
| Job Vacancies | 1312 Hundred | 131.2 K | Aug/23 |
| Labor Force Participation Rate | 75.6 % | Aug/23 |
| Long Term Unemployment Rate | 1.5 % | 2Q/23 |
| Part Time Employment | 998 Thousand Persons | 1Q/23 |
| Unemployed Persons | 444 Thousand Persons | 0.444 Million Persons | Aug/23 |
| Wage Growth | 3.1 % | Jun/23 |
| Wages in Manufacturing | 208 SEK/Hour | 3052.623 USD/Month | Jul/23 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20.6 % | 2023 |
| Personal Income Tax Rate | 52.3 % | 2023 |
| Sales Tax Rate | 25 % | 2023 |
| Social Security Rate | 38.42 % | 2023 |
| Social Security Rate For Companies | 31.42 % | 2023 |
| Social Security Rate For Employees | 7 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 0 BBL/D/1K | Jun/17 |
| Electricity Production | 10818 GWh | Jul/23 |
| Industrial Production | 4.7 % | Aug/23 |
| Mining Production | -4.9 % | Aug/23 |
| Steel Production | 410 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | 2.4 % | Aug/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 587 companies | Aug/23 |
| Business Confidence | 86.8 index points | Sep/23 |
| Corruption Index | 83 index points | 2022 |
| Corruption Rank | 5 place | 2022 |
| Ease of Doing Business | 10 place | 2019 |
| Manufacturing PMI | 43.3 index points | Sep/23 |
| Manufacturing Production | 5.5 % | Aug/23 |
| Services PMI | 46.3 index points | Sep/23 |
| Competitiveness Index | 81.25 Index Points | 2019 |
| Competitiveness Rank | 8 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 69.1 index points | Sep/23 |
| Private Debt To GDP | 309 % | 2021 |
| Retail Sales MoM | 0.2 % | Aug/23 |
| Retail Sales YoY | -1.7 % | Aug/23 |
| Consumer Spending | 640407 SEK Million | 58.742 USD Billion | 2Q/23 |
| Disposable Personal Income | 759554 SEK Million | 69.67 B USD | 2Q/23 |
| Household Spending | 0.6 % | Aug/23 |
| Households Debt To GDP | 85.9 % | 1Q/23 |
| Households Debt To Income | 172 % | 2021 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | -2 % | Aug/23 |
