In the second quarter of 2020, after the outbreak of COVID-19, the quarterly growth rate of the gross domestic product (GDP) in Sweden fell by almost eight percent compared to the same quarter in 2019. The growth rate kept decreasing until the first quarter of 2021. In the second quarter of 2021, the quarterly GDP growth rate in Sweden was positive for the first time since the outbreak of COVID-19, and continued to be so until the final quarter of 2022, when it decreased by 0.5 percent compared to the same quarter in 2021 due to the high inflation rates in the country. The GDP of Sweden decreased through the last three quarters of 2023.
Quarterly gross domestic product (GDP) growth rate in Sweden from 1st quarter 2018 to 4th quarter 2023
(compared to the previous year)
Characteristic
GDP growth rate compared to same period the previous year
Q4 2023
-0.7%
Q3 2023
-1.5%
Q2 2023
-0.8%
Q1 2023
2.2%
Q4 2022
-0.5%
Q3 2022
2.5%
Q2 2022
3.5%
Q1 2022
5.4%
Q4 2021
7.6%
Q3 2021
5.8%
Q2 2021
11.3%
Q1 2021
0%
Q4 2020
-0.7%
Q3 2020
-1.1%
Q2 2020
-7.6%
Q1 2020
0.9%
Q4 2019
1.8%
Q3 2019
3%
Q2 2019
1.1%
Q1 2019
2.1%
Q4 2018
1.7%
Q3 2018
0.7%
Q2 2018
3%
Q1 2018
2.3%
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Statistics Sweden. (February 28, 2024). Quarterly gross domestic product (GDP) growth rate in Sweden from 1st quarter 2018 to 4th quarter 2023 (compared to the previous year) [Graph]. In Statista. Retrieved March 13, 2025, from https://www.statista.com/statistics/529929/sweden-quarterly-gross-domestic-product-gdp-growth-rate/
Statistics Sweden. "Quarterly gross domestic product (GDP) growth rate in Sweden from 1st quarter 2018 to 4th quarter 2023 (compared to the previous year)." Chart. February 28, 2024. Statista. Accessed March 13, 2025. https://www.statista.com/statistics/529929/sweden-quarterly-gross-domestic-product-gdp-growth-rate/
Statistics Sweden. (2024). Quarterly gross domestic product (GDP) growth rate in Sweden from 1st quarter 2018 to 4th quarter 2023 (compared to the previous year). Statista. Statista Inc.. Accessed: March 13, 2025. https://www.statista.com/statistics/529929/sweden-quarterly-gross-domestic-product-gdp-growth-rate/
Statistics Sweden. "Quarterly Gross Domestic Product (Gdp) Growth Rate in Sweden from 1st Quarter 2018 to 4th Quarter 2023 (Compared to The Previous Year)." Statista, Statista Inc., 28 Feb 2024, https://www.statista.com/statistics/529929/sweden-quarterly-gross-domestic-product-gdp-growth-rate/
Statistics Sweden, Quarterly gross domestic product (GDP) growth rate in Sweden from 1st quarter 2018 to 4th quarter 2023 (compared to the previous year) Statista, https://www.statista.com/statistics/529929/sweden-quarterly-gross-domestic-product-gdp-growth-rate/ (last visited March 13, 2025)
Quarterly gross domestic product (GDP) growth rate in Sweden from 1st quarter 2018 to 4th quarter 2023 (compared to the previous year) [Graph], Statistics Sweden, February 28, 2024. [Online]. Available: https://www.statista.com/statistics/529929/sweden-quarterly-gross-domestic-product-gdp-growth-rate/
