Gross Domestic Product — Value US$ in Sweden
Sweden: Gross Domestic Product — Value US$ was 609,566 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Sweden, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Sweden recorded 609,566 million USD for gross domestic product — value us$ in 2024.
The figure is up 4.2% on the previous year and up 5.5% over ten years.
Over the whole period, gross domestic product — value us$ in Sweden peaked at 637,187 million USD in 2021 and was at its lowest, 38,038 million USD, in 1970.
Sweden ranks 24th of 203 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Sweden, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 38,038 million USD | — |
| 1971 | 41,507 million USD | +9.1% |
| 1972 | 48,884 million USD | +17.8% |
| 1973 | 59,320 million USD | +21.3% |
| 1974 | 65,918 million USD | +11.1% |
| 1975 | 82,766 million USD | +25.6% |
| 1976 | 89,234 million USD | +7.8% |
| 1977 | 94,332 million USD | +5.7% |
| 1978 | 104,293 million USD | +10.6% |
| 1979 | 123,209 million USD | +18.1% |
| 1980 | 141,889 million USD | +15.2% |
| 1981 | 129,499 million USD | -8.7% |
| 1982 | 114,216 million USD | -11.8% |
| 1983 | 104,863 million USD | -8.2% |
| 1984 | 109,044 million USD | +4.0% |
| 1985 | 113,959 million USD | +4.5% |
| 1986 | 150,282 million USD | +31.9% |
| 1987 | 182,745 million USD | +21.6% |
| 1988 | 206,691 million USD | +13.1% |
| 1989 | 217,636 million USD | +5.3% |
| 1990 | 261,470 million USD | +20.1% |
| 1991 | 273,836 million USD | +4.7% |
| 1992 | 283,911 million USD | +3.7% |
| 1993 | 212,646 million USD | -25.1% |
| 1994 | 228,703 million USD | +7.6% |
| 1995 | 267,054 million USD | +16.8% |
| 1996 | 291,954 million USD | +9.3% |
| 1997 | 268,252 million USD | -8.1% |
| 1998 | 270,891 million USD | +1.0% |
| 1999 | 274,319 million USD | +1.3% |
| 2000 | 262,904 million USD | -4.2% |
| 2001 | 242,498 million USD | -7.8% |
| 2002 | 267,373 million USD | +10.3% |
| 2003 | 334,074 million USD | +24.9% |
| 2004 | 384,548 million USD | +15.1% |
| 2005 | 391,691 million USD | +1.9% |
| 2006 | 422,528 million USD | +7.9% |
| 2007 | 490,052 million USD | +16.0% |
| 2008 | 514,617 million USD | +5.0% |
| 2009 | 434,313 million USD | -15.6% |
| 2010 | 492,753 million USD | +13.5% |
| 2011 | 570,541 million USD | +15.8% |
| 2012 | 549,742 million USD | -3.6% |
| 2013 | 584,128 million USD | +6.3% |
| 2014 | 577,730 million USD | -1.1% |
| 2015 | 501,698 million USD | -13.2% |
| 2016 | 514,218 million USD | +2.5% |
| 2017 | 536,084 million USD | +4.3% |
| 2018 | 551,312 million USD | +2.8% |
| 2019 | 532,169 million USD | -3.5% |
| 2020 | 545,148 million USD | +2.4% |
| 2021 | 637,187 million USD | +16.9% |
| 2022 | 579,896 million USD | -9.0% |
| 2023 | 584,960 million USD | +0.9% |
| 2024 | 609,566 million USD | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 74,750 million USD | 38,038 million USD | 123,209 million USD | 10 |
| 1980s | 147,082 million USD | 104,863 million USD | 217,636 million USD | 10 |
| 1990s | 263,304 million USD | 212,646 million USD | 291,954 million USD | 10 |
| 2000s | 374,460 million USD | 242,498 million USD | 514,617 million USD | 10 |
| 2010s | 541,038 million USD | 492,753 million USD | 584,128 million USD | 10 |
| 2020s | 591,351 million USD | 545,148 million USD | 637,187 million USD | 5 |
Countries ranked near Sweden
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)
- Net primary income (Net income from abroad) (current LCU), annual 4.67 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 10.61 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1044 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 6,589 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 2.79 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 1.02 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 64,706 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0793 (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Sweden?
- Gross domestic product — value us$ in Sweden was 609,566 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Sweden?
- The highest recorded value was 637,187 million USD in 2021.
- What is the lowest gross domestic product — value us$ recorded in Sweden?
- The lowest recorded value was 38,038 million USD in 1970.
- How does Sweden rank for gross domestic product — value us$?
- Sweden ranks 24th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Sweden?
- Over the last ten years it is up 5.5%. The long-run trend across the full record is volatile.
- Where does this Sweden data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).