Gross Domestic Product — Value US$ in Sweden

Sweden: Gross Domestic Product — Value US$ was 609,566 million USD in 2024. ◆ Volatile

Latest (2024)
609,566 million USD
Change on year
up 4.2%
World rank
24th
of 203 countries
All-time high
637,187 million USD
in 2021
All-time low
38,038 million USD
in 1970
Years of data
55
1970–2024

Gross Domestic Product — Value US$ in Sweden, 1970–2024

0200.0k400.0k600.0k197019972024

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

Annual values for Gross Domestic Product — Value US$ in Sweden, 1970 to 2024.
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

DecadeAverage LowestHighest 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

  1. 21 USSR 790,484 million USD compare
  2. 22 Belgium 664,696 million USD compare
  3. 23 Argentina 633,267 million USD compare
  4. 25 Ireland 577,390 million USD compare
  5. 26 Singapore 543,042 million USD compare
  6. 27 Israel 541,885 million USD compare

See the full ranking of 252 places →

More economy & growth data for Sweden

All data for Sweden →

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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Gross Domestic Product — Value US$ in Sweden. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 22 August 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-us/sweden/

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About this data

Indicator
Gross Domestic Product — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
252 places, 12,899 data points, 1970–2024
Last refreshed

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).