Gross domestic product (GDP), annual growth rate in Sweden
Sweden: Gross domestic product (GDP), annual growth rate was 0.2948 % change on previous year in 2023. ◆ Volatile
Latest (2023)
0.2948 % change on previous year
Change on year
up 48.0%
World rank
134th
of 184 countries
All-time high
8.34 % change on previous year
in 2011
All-time low
-5.98 % change on previous year
in 2009
Years of data
73
1951–2023
Gross domestic product (GDP), annual growth rate in Sweden, 1951–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in Sweden is 0.2948 % change on previous year, measured in 2023.
That represents a change of up 48.0% on the previous year and up 133.7% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Sweden peaked at 8.34 % change on previous year in 2011 and was at its lowest, -5.98 % change on previous year, in 2009.
That places Sweden 134th out of 184 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Sweden, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | 3.26 % change on previous year | — |
| 1952 | 0.9527 % change on previous year | -70.7% |
| 1953 | 3.69 % change on previous year | +287.0% |
| 1954 | 5.13 % change on previous year | +39.3% |
| 1955 | 2.84 % change on previous year | -44.7% |
| 1956 | 3.33 % change on previous year | +17.1% |
| 1957 | 1.92 % change on previous year | -42.5% |
| 1958 | 2.44 % change on previous year | +27.5% |
| 1959 | 5.68 % change on previous year | +132.8% |
| 1960 | 2.89 % change on previous year | -49.2% |
| 1961 | 6.42 % change on previous year | +122.2% |
| 1962 | 3.98 % change on previous year | -38.0% |
| 1963 | 5.22 % change on previous year | +31.2% |
| 1964 | 7.25 % change on previous year | +38.9% |
| 1965 | 3.26 % change on previous year | -55.1% |
| 1966 | 1.77 % change on previous year | -45.5% |
| 1967 | 3.81 % change on previous year | +114.6% |
| 1968 | 3.53 % change on previous year | -7.4% |
| 1969 | 4.75 % change on previous year | +34.6% |
| 1970 | 6.77 % change on previous year | +42.6% |
| 1971 | 1.18 % change on previous year | -82.6% |
| 1972 | 2.59 % change on previous year | +120.1% |
| 1973 | 4.37 % change on previous year | +69.0% |
| 1974 | 2.26 % change on previous year | -48.3% |
| 1975 | 1.96 % change on previous year | -13.3% |
| 1976 | 0.7899 % change on previous year | -59.7% |
| 1977 | -2.08 % change on previous year | -363.9% |
| 1978 | 2.5 % change on previous year | -219.7% |
| 1979 | 3.08 % change on previous year | +23.3% |
| 1980 | 0.622 % change on previous year | -79.8% |
| 1981 | 1.48 % change on previous year | +137.5% |
| 1982 | 1.03 % change on previous year | -30.1% |
| 1983 | 2.35 % change on previous year | +127.2% |
| 1984 | 4.97 % change on previous year | +112.1% |
| 1985 | 1.91 % change on previous year | -61.5% |
| 1986 | 7.49 % change on previous year | +291.5% |
| 1987 | 4.82 % change on previous year | -35.8% |
| 1988 | 4.47 % change on previous year | -7.2% |
| 1989 | 2.88 % change on previous year | -35.6% |
| 1990 | 1.96 % change on previous year | -32.1% |
| 1991 | -0.6616 % change on previous year | -133.8% |
| 1992 | -0.6881 % change on previous year | +4.0% |
| 1993 | -2.31 % change on previous year | +235.9% |
| 1994 | 6.02 % change on previous year | -360.3% |
| 1995 | 6.96 % change on previous year | +15.7% |
| 1996 | 3.36 % change on previous year | -51.7% |
| 1997 | 3.39 % change on previous year | +0.9% |
| 1998 | 4.08 % change on previous year | +20.2% |
| 1999 | 5.4 % change on previous year | +32.5% |
| 2000 | 7.02 % change on previous year | +30.0% |
| 2001 | -1.59 % change on previous year | -122.7% |
| 2002 | 1.04 % change on previous year | -165.3% |
| 2003 | 2.3 % change on previous year | +120.4% |
| 2004 | 4.56 % change on previous year | +98.8% |
| 2005 | 0.0733 % change on previous year | -98.4% |
| 2006 | 3.07 % change on previous year | +4085.3% |
| 2007 | 6.66 % change on previous year | +116.8% |
| 2008 | 1.89 % change on previous year | -71.5% |
| 2009 | -5.98 % change on previous year | -415.5% |
| 2010 | 5.22 % change on previous year | -187.4% |
| 2011 | 8.34 % change on previous year | +59.7% |
| 2012 | 0.2388 % change on previous year | -97.1% |
| 2013 | -0.875 % change on previous year | -466.4% |
| 2014 | -0.0236 % change on previous year | -97.3% |
| 2015 | 3.12 % change on previous year | -13319.5% |
| 2016 | 1.81 % change on previous year | -41.8% |
| 2017 | 3.66 % change on previous year | +101.6% |
| 2018 | 0.1921 % change on previous year | -94.7% |
| 2019 | 7.55 % change on previous year | +3830.3% |
| 2020 | -1.02 % change on previous year | -113.5% |
| 2021 | 4.15 % change on previous year | -507.8% |
| 2022 | 0.1992 % change on previous year | -95.2% |
| 2023 | 0.2948 % change on previous year | +48.0% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Sweden changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +13319.5% | -0.0236 % change on previous year | 3.12 % change on previous year |
| 2006 | +4085.3% | 0.0733 % change on previous year | 3.07 % change on previous year |
| 2019 | +3830.3% | 0.1921 % change on previous year | 7.55 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 3.25 % change on previous year | 0.9527 % change on previous year | 5.68 % change on previous year | 9 |
| 1960s | 4.29 % change on previous year | 1.77 % change on previous year | 7.25 % change on previous year | 10 |
| 1970s | 2.34 % change on previous year | -2.08 % change on previous year | 6.77 % change on previous year | 10 |
| 1980s | 3.2 % change on previous year | 0.622 % change on previous year | 7.49 % change on previous year | 10 |
| 1990s | 2.75 % change on previous year | -2.31 % change on previous year | 6.96 % change on previous year | 10 |
| 2000s | 1.9 % change on previous year | -5.98 % change on previous year | 7.02 % change on previous year | 10 |
| 2010s | 2.92 % change on previous year | -0.875 % change on previous year | 8.34 % change on previous year | 10 |
| 2020s | 0.9073 % change on previous year | -1.02 % change on previous year | 4.15 % change on previous year | 4 |
Countries ranked near Sweden
- 131 Chile 0.5923 % change on previous year compare
- 132 Chad 0.3932 % change on previous year compare
- 133 Pakistan 0.3616 % change on previous year compare
- 135 United Kingdom 0.2756 % change on previous year compare
- 136 Maldives 0.214 % change on previous year compare
- 137 Syria 0.14 % change on previous year compare
More economy & growth data for Sweden
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.62 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 8.03 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.012 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 757.39 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 19.15 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -37.67 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0286 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,807 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.58 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Sweden?
- Gross domestic product (gdp), annual growth rate in Sweden was 0.2948 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Sweden?
- The highest recorded value was 8.34 % change on previous year in 2011.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Sweden?
- The lowest recorded value was -5.98 % change on previous year in 2009.
- How does Sweden rank for gross domestic product (gdp), annual growth rate?
- Sweden ranks 134th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Sweden?
- Over the last ten years it is up 133.7%. The long-run trend across the full record is volatile.
- Where does this Sweden data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 73 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.