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Sweden GDP Annual Growth Rate

Sweden's GDP annual growth rate rose to 0.97% in 2024, up from -0.11% in 2023, according to World Bank. This represents an increase of 1.08% from the previous year. Sweden has GDP annual growth rate lower than the global median (0.97% vs median 3.24%). Compared with the median in Europe, Sweden is lower (0.97% vs regional median 2.10%) and ranks 36th out of 47 countries in Europe.

Sweden's real GDP rose to $580.45 billion in 2024, up from $574.85 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 0.97%
2023 -0.11%
2022 1.46%
2021 5.94%
2020 -2.01%
2019 2.55%
2018 1.9%
2017 1.83%
2016 2.35%
2015 4.41%
2014 2.3%
2013 1.14%
2012 -0.41%
2011 3.16%
2010 5.75%
2009 -4.26%
2008 -0.92%
2007 3.22%
2006 4.68%
2005 2.79%
2004 4.18%
2003 1.88%
2002 2.28%
2001 1.36%
2000 4.63%
1999 4.2%
1998 4.25%
1997 3.06%
1996 1.7%
1995 4.09%
1994 4.02%
1993 -2.07%
1992 -1.16%
1991 -1.15%
1990 0.75%
1989 2.65%
1988 2.56%
1987 3.35%
1986 2.69%
1985 2.16%
1984 4.23%
1983 1.9%
1982 1.25%
1981 0.45%
1980 1.7%
1979 3.84%
1978 1.75%
1977 -1.6%
1976 1.06%
1975 2.55%
1974 3.2%
1973 3.97%
1972 2.29%
1971 0.94%
1970 6.47%
1969 5.01%
1968 3.64%
1967 3.37%
1966 2.09%
1965 3.82%
1964 6.82%
1963 5.33%
1962 4.26%
1961 5.68%
Sweden GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Sweden's total economic output.
Indicator Last Value Prior Value Period
GDP $610.12B $585.49B 2024
GDP Growth Rate (QoQ) 0.5% -0.2% Jun'25
GDP Growth Rate (YoY) 1.4% 0.6% Jun'25
GDP per Capita $54,916.03 $54,557.13 2024
GDP per Capita PPP $63,258.91 $62,845.48 2024
R&D Expenditure (% GDP) 3.41% 3.4% 2022
Real GDP $580.45B $574.85B 2024