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Sweden GDP

Sweden's GDP rose to $610.12 billion in 2024, up from $585.49 billion in 2023, according to World Bank. This represents an increase of 4.2% ($24.63 billion) from the previous year and accounts for 0.55% of the world's total GDP. Sweden has GDP higher than the global median ($610.12 billion vs median $35.85 billion). Compared with the median in Europe, Sweden is higher ($610.12 billion vs regional median $126.99 billion) and ranks 12th out of 48 countries in Europe.

Sweden's GDP per capita rose to $54,916.03 in 2024, up from $54,557.13 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 610.12
2023 585.49
2022 579.9
2021 637.19
2020 545.15
2019 532.17
2018 551.31
2017 536.08
2016 514.22
2015 501.7
2014 577.73
2013 584.13
2012 549.74
2011 570.54
2010 492.75
2009 434.31
2008 514.62
2007 490.05
2006 422.53
2005 391.69
2004 384.55
2003 334.07
2002 267.37
2001 242.5
2000 262.91
1999 274.32
1998 270.89
1997 268.25
1996 291.95
1995 267.05
1994 228.7
1993 212.65
1992 283.91
1991 273.83
1990 261.47
1989 217.63
1988 206.69
1987 182.75
1986 150.28
1985 113.96
1984 109.04
1983 104.86
1982 114.22
1981 129.5
1980 141.89
1979 123.21
1978 104.29
1977 94.33
1976 89.23
1975 82.77
1974 65.92
1973 59.32
1972 48.88
1971 41.51
1970 38.04
1969 33.97
1968 31.28
1967 29.48
1966 27.16
1965 24.96
1964 22.69
1963 20.34
1962 18.79
1961 17.33
1960 15.93
Sweden GDP : Definition
GDP measures the total value of all goods and services produced in Sweden, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 0.97% -0.11% 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