In 2018 Sweden was the number 22 economy in the world in terms of GDP (current US$), the number 32 in total exports, the number 31 in total imports, and the number 7 most complex economy according to the Economic Complexity Index (ECI). In 2019, agriculture contributed around 1.44 percent to the GDP of Sweden, 22.2 percent came from the industry and 65.25 percent from the service sector. Find Out, Online tool for visualization and analysis. 4 years ago. GDP increased by 4.9 percent in the third quarter, seasonally adjusted and compared with the second quarter. Read more Imports of goods and services in the United States from 1990 to 2018, as a percentage of GDP The calculation of a country's GDP … Total earnings from re-exports saw the strongest relative growth: 21 percent, from 28 to 34 billion euros. With a GDP worth €3 100bn in 2016, Germany was the leading EU economy, accounting for over a fifth (21.1%) of EU GDP. Overall, net exports contributed downwards to GDP growth by 3.3 percentage points. The National Institute for Economic Research (NIER) said in a statement Wednesday that it believed that Sweden's economy is set to shrink 7% this year and unemployment to rise to 10.2%. Exports, including engines and other machines, motor vehicles, and telecommunications equipment, account for more than 44% of GDP. Exports Per Capita (2018): $24k, Rank 114 of 219. ", World Bank, Sweden: Distribution of gross domestic product (GDP) across economic sectors from 2009 to 2019 Statista, https://www.statista.com/statistics/375611/sweden-gdp-distribution-across-economic-sectors/ (last visited December 13, 2020), Sweden: Distribution of gross domestic product (GDP) across economic sectors from 2009 to 2019, Distribution of gross domestic product (GDP) across economic sectors Sweden 2019, Annual business confidence index for the industrial sector in EU 2008-2022, Annual business confidence index for the industrial sector Sweden 2008-2022, Industry revenue of “manufacture of motor vehicles“ in Sweden 2012-2024, Industry revenue of “manufacture of paper and paperboard“ in Sweden 2012-2024, Industry revenue of “manufacture of basic iron, steel, ferro-alloys“ in Sweden 2012-2024, Industry revenue of “sawmilling and planing of wood“ in Sweden 2012-2024, Industry revenue of “manufacture of kitchen furniture“ in Sweden 2012-2024, Annual business confidence index for the service sector Sweden 2008-2022, Industry revenue of “rental and operating of own or leased real estate“ in Sweden 2012-2024, Industry revenue of “engineering activities, related technical consultancy“ in Sweden 2012-2024, Industry revenue of “business and other management consultancy activities“ in Sweden 2012-2024, Restaurants and mobile food service activities revenue in Sweden 2010-2022, Industry revenue of “tour operator activities“ in Sweden 2012-2024, Annual business confidence index for the retail sector Sweden 2008-2022, Industry revenue of “sale of cars and light motor vehicles“ in Sweden 2012-2024, Industry revenue of “retail sale in non-specialised stores with food“ in Sweden 2012-2024, Industry revenue of “retail sale of clothing in specialised stores“ in Sweden 2012-2024, Industry revenue of “retail sale of automotive fuel in specialised stores“ in Sweden 2012-2024, Industry revenue of “retail sale of furniture, lighting equipment“ in Sweden 2012-2024, Global distribution of gross domestic product (GDP) across economic sectors 2018, Distribution of gross domestic product (GDP) across economic sectors Moldova 2019, Distribution of gross domestic product (GDP) across economic sectors Georgia 2019, Economic sector breakdown of the workforce in China 2008-2018, Import value of agricultural products and food into Sweden from Germany 2012-2018, Import value of agricultural products and food into Sweden from Japan 2012-2018, Import value of agricultural products and food into Sweden from Argentina 2012-2018, Import value of agricultural products and food into Sweden from Honduras 2012-2018, Import value of agricultural products and food into Sweden from Thailand 2012-2018, Industry revenue of »shaping and processing of flat glass« in Slovenia 2011-2023, Industry revenue of »repair of other equipment« in Cyprus 2011-2023, Rape or colza seeds: UK export value 2001-2019, Luxembourg: import value of crude materials to the United Kingdom (UK) 2012-2015, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Directly accessible data for 170 industries from 50 countries Goods exports to the EU were worth £170 billion in 2019, 46% of the UK’s total of £370 billion worth of goods exports. Sweden - GDP Economy expands strongly according to advanced Q3 data . Sweden in the EU All OECD countries compile their data according to the 2008 System of National Accounts (SNA). facts. France services export is 294,213,717,010 in BoP, current US$ and services import is 266,294,392,480 in Bop, current US$.France exports of goods and services as percentage of GDP is 31.34% and imports of goods and services as percentage of GDP is 32.11%. Sweden’s annual exports have fallen $3 billion over the last five years from $165 billion to $162 billion. Given Sweden’s population of 10.3 million people, its total $160.5 billion in 2019 exports translates to roughly $15,600 for every resident in the north European nation. The initial implication is that Sweden has indeed done better than the nearby Euro area … Exports % of GDP 2019 Sweden (red) Find all indicators on Economy. GDP decreased by 8.3 percent in the second quarter of 2020, seasonally adjusted and compared with the first quarter of 2020. Exports of goods and services (annual % growth), Exports of goods and services (constant LCU), Exports of goods and services (constant 2010 US$), Exports of goods and services (current US$), Exports of goods and services (current LCU), Exports as a capacity to import (constant LCU), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. Exports in Sweden averaged 42927.37 SEK million from 1960 until 2020, reaching an all time high of 137600 SEK million in November of 2018 and a record low of 970 SEK million in February of 1963. Households Debt To GDP in Sweden averaged 60.39 percent of GDP from 1980 until 2020, reaching an all time high of 89 percent of GDP in the first quarter of 2020 and a record low of 43.60 percent of GDP in the first quarter of 1996. Exports of goods and services consist of sales, barter, or gifts or grants, of goods and services from residents to non-residents. Statista. We saved our economy in Sweden. This upswing means that the Swedish economy has recovered roughly half of the sharp contraction in the second quarter largely due to rising exports of goods. Service Imports (2011): $90.6B, Rank 139 of 139. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Countries sorted by exports, imports and total trade (external trade rate) of goods and … Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy. Sweden’s GDP declined by 8.6 percent in the second quarter of 2020, seasonally adjusted and compared with the first quarter. Sweden's gross domestic product grew by 4.3 percent in the three months to September 2020, trying to recover from the historic slump of 8.6 percent seen in the second quarter, a preliminary estimate showed. The recovery was mainly driven by increased exports of goods and household consumption following the historic decline in the second quarter. GDP growth forecast: Western Europe, U.S., U.K. and Germany 2010-2023, Gross domestic product (GDP) growth rate in Sweden 2021, Gross domestic product (GDP) in Sweden 2021. Please do not hesitate to contact me. With the value of exports amounting to about one-third of its GDP, Sweden is highly dependent on free international trade to maintain its living standard. Sweden's gross domestic product shrank by a calendar-adjusted 3.3 percent year-on-year in the third quarter of 2020, following a record contraction of 8.2 percent seen in the previous three month period, a preliminary estimate showed. Corporate solution including all features. Imports Per Capita (2018): $16.9k, Rank 123 of 219. Update, Insights into the world's most important technology markets, Advertising & Media Outlook The GDP value of Sweden represents 0.44 percent of the world economy. Exports of goods and services (% of GDP) from The World Bank: Data A very different picture emerges, though, if we consider it as a percentage of gross national income. GDP grew an estimated 3.3% in 2016 and 2017 driven largely by investment in the construction sector. Macau is the top country by contribution of travel and tourism to GDP (% of GDP) in the world. Sweden, Service exports (BoP, current US$) is 74,425,960,958.00. The economy expanded 4.3% in the third quarter of 2020, in quarter-on-quarter seasonally-adjusted terms, according to preliminary figures released by Statistics Sweden. Output in goods-producing industries decreased by 14.4 percent, while in service-producing industries, output decreased by 7.4 percent. Product Imports (2018): $89.5B, Rank 40 of 221. Chart. Unemployment is projected to rise to almost 10 percent … Service Exports (2011): $81.9B, Rank 139 of 139. Sweden: Gross domestic product (GDP) per capita in current prices (in U.S. dollars) 54,356.07 USD Detailed statistics Accessed December 13, 2020. https://www.statista.com/statistics/375611/sweden-gdp-distribution-across-economic-sectors/, World Bank. As of 2019, contribution of travel and tourism to GDP (% of GDP) in Macau was 72 %. and over 1 Mio. Then you can access your favorite statistics via the star in the header. There are few price controls in Sweden, but the government provides significant subsidies to encourage renewable energy. Register in seconds and access exclusive features. Sweden: GDP records largest contraction on record in Q2. Are you interested in testing our corporate solutions? Exports in Sweden increased to 128100 SEK million in October from 124600 SEK million in September of 2020. ... the gross domestic product fell by 8.5 percent. Education Latest Trend Ranking; Education spending Indicator: 24 417 Tertiary US dollars/student 2015 Sweden US dollars/student: Tertiary US dollars/student 1995-2015 Sweden (red) Tertiary US dollars/student 2016 Sweden (red) Mathematics performance (PISA) Indicator: 502 Boys Mean score 2018 Sweden Mean score: Boys … In 2019, agriculture contributed around 1.44 percent to the GDP of Sweden, 22.2 percent came from the industry and 65.25 percent from the service sector. Sweden enjoys a current account surplus of about 5% of GDP, which is one of the highest margins in Europe. That means around SEK 470,000 or EUR 45,000 per person. “But compared to other countries, [Sweden’s economy] is considerably better, for instance, if you compare to southern Europe." October 15, 2020. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Earnings from exports to the UK have increased less rapidly since 2015 (by 11 percent) compared to overall export earnings (by 14 percent). NOTE: The information regarding Military expenditures - percent of GDP on this page is re-published from the CIA World Factbook 2020. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. This feature is limited to our corporate solutions. Profit from additional features by authenticating your Admin account. Gross Domestic Product. As a result, international trade subtracted $950 billion from GDP, more than $920 billion it subtracted in 2018, and the $859 billion it … Services are difficult to export. In 2018, the percentage of U.S. imports of the GDP amounted to 15.33 percent. This site uses cookies to optimize functionality and give you the best possible experience. Relative to 2015, the share of UK-related export earnings in the Dutch economy has declined slightly: from 3.7 percent in 2015 to 3.6 percent in 2018 and 3.5 percent in 2019. You only have access to basic statistics. The decline in GDP is the largest ever since the start of the time series in 1980. Find Out Calendar adjusted and compared with the second quarter of 2019, GDP decreased by 8.2 percent. Exports of goods and services (% of GDP) (export ratio) Imports of goods and services (% of GDP) (import ratio) Imports and Exports (% of GDP) (trade-to-GDP ratio) Year Luxembourg: 230.0 % 194.0 % 424.0 % 2017 Hong Kong: 188.0 % 187.1 % 375.1 % 2017 Singapore: 173.3 % 149.1 % 322.4 % 2017 Malta: 136.1 % 125.4 % 261.5 % 2016 Ireland: 120.0 % 87.9 % 207.9 % 2017 Vietnam: 101.6 % 98.8 % … GDP of Sweden is 556,086,488,940 in current US$. "Sweden: Distribution of gross domestic product (GDP) across economic sectors from 2009 to 2019." To learn more about cookies, click here. That 28.5% for exports to overall GDP in PPP for 2019 compares to 30.6% for 2015. Overall, the EU saw an 11.9 percent GDP drop in the second quarter, about 40 percent higher than that of Sweden. (October 15, 2020). The country is ranked 22nd in the world by GDP and it has enjoyed an annual growth rate of over 7.9% in the last 10 years. Gross domestic product (GDP) is one of the most common indicators used to track the health of a nation's economy. In 2019, U.S. GDP was 70% personal consumption, 18% business investment, 17% government spending, and negative 5% net exports. For example, Sweden’s Exports rank is higher than (please wait...) of the countries in the dataset. Exports of goods and services (% of GDP) - Sweden from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). GDP grew an estimated 3.3% in 2016 and 2017 driven largely by investment in the construction sector. The distribution gives the percentage contribution to total GDP of household consumption, government consumption, investment in fixed capital, investment in inventories, exports of goods and services, and imports of goods and services, and will total 100 percent of GDP if the data are complete. Here are my assumptions. Market production decreased by 9.8 percent. In 2018, Sweden exported $162B and imported $160B, resulting in a positive trade balance of $2.37B. GDP (2018): $434B, CURRENT US$ Rank 27 of 196. The Gross Domestic Product (GDP) in Sweden was worth 530.83 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. In, World Bank. A material portion represents at least 1% of GDP I'm using the sample year of 1978, at the height of ABBA's popularity. FRED: Download, graph, and track economic data. Sweden’s GDP is SEK 4,790 bn, or EUR 460 bn – one of the EU’s highest. "It is, as expected, a dramatic downturn,” Nordea bank chief analyst Torbjorn Isaksson told the BBC. New, Everything you need to know about the industry development, Find studies from all around the internet. Sweden, Service imports (BoP, current US$) is 72,734,673,551.00. This according to the preliminary compilation of the quarterly national accounts. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Exports decreased by 18.2 percent and imports decreased by 12.9 percent. New, Figures and insights about the advertising and media world, Industry Outlook It is also worth pointing out that although Norway and Denmark have not yet posted their GDP results for the second quarter, they are expected to see a yearly 3.5 and 4.1 percent drop, respectively, at the end of 2020, which would be better than the six percent GDP drop the Swedish government has previously predicted. UK GDP in 2019 was about £2.2 trillion (£2,200 billion), so goods exported to the EU account for 7.7% of that. August 28, 2020 . Over half of it was generated by three Member States: Germany, the United Kingdom and France. Read more A preliminary reading had shown the economy grew 4.3 percent in the quarter and contracted 3.5 percent on an annual basis. The distribution gives the percentage contribution to total GDP of household consumption, government consumption, investment in fixed capital, investment in inventories, exports of goods and services, and imports of goods and services, and will total 100 percent of GDP if the data are complete. In terms of imports, 71% come from EU countries (Germany 19%, the Netherlands 8% and Denmark 8%), while outside the EU 8% come from Norway and 6% from China.   The total value of exports and imports of goods and services equals 90.9 percent of GDP. In 2018, exports for Sweden was 2,213,283 million %. Norway and Denmark both had far tougher coronavirus restrictions than Sweden. Sweden exports for 2018 was $253.75B, a 7.24% increase from 2017. Sweden exports for 2017 was $236.61B, a 7.48% increase from 2016. Sweden has attracted global attention for not imposing a full lockdown, as seen in most of Europe, to contain the coronavirus pandemic. The total value of exports and imports of goods and services equals 90.9 percent of GDP. The U.S. exported $5.6 billion in services to Sweden in 2017 and imported $3.2 billion, a trade surplus of $2.4 billion. C2.3: Index of change in total expenditure on educational institutions as a percentage of GDP (2005, 2012, 2017) C2.4: Index of change in public expenditure on educational institutions as a percentage of GDP (2005, 2012 and 2017) This according to the preliminary compilation of the quarterly national accounts. Exports, including engines and other machines, motor vehicles, and telecommunications equipment, account for more than 44% of GDP. Sweden working day corrected GDP growth of -6.7% this year, compared with 0.9% in the previous report from February; sees a recovery of 4.9 % for …   That stands for: GDP = Consumption + Investment + Government + Net Exports, which are imports minus exports. Exports of Sweden increased from 903,406 million % in 1999 to 2,213,283 million % in 2018 growing at an average annual rate of 5.02%. Sweden gdp per capita for 2019 was $51,610, a 5.46% decline from 2018. Intra-EU trade accounts for 59% of Sweden’s exports (Germany 11%, Denmark and Finland both 7%), while outside the EU 10% go to Norway and 7% to the United States. World Bank. But too many people died. Sweden, Imports of goods and services as percentage of GDP is 43.29 %. Learn more about how Statista can support your business. The Gross Domestic Product (GDP) in Sweden was worth 530.83 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Please authenticate by going to "My account" → "Administration". 518 economic data series with tags: USA, GDP, Exports. This means that service exports contribute 13.6 percent to Dutch GDP, domestic goods export 15.9 percent and re-exports 4.4 percent. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Figures have been rounded.The source does not provide any information regarding percentage points not adding up to or exceeding 100 percent. (billed annually). In 1978, Swedish GDP was approximately 100 Billion US Dollars. Statistical news from Statistics Sweden 2020-08-28 9.30 . Sweden exports for 2016 was $220.14B, a 0.42% decline from 2015. Sweden, Exports of goods and services as percentage of GDP is 45.79 %. Sweden recorded a Current Account surplus of 3.90 percent of the country's Gross Domestic Product in 2019. $39 per month* In 2019, imports subtracted $3.49 trillion or a little more than in 2018. World Bank national accounts data, and OECD National Accounts data files. GDP for Sweden is $556 billion, which equates to a GDP per capita of $54,608. Exports added $2.53 trillion, about the same as 2017 and 2018. Much like the US for total spend, Sweden emerges ahead of the crowd on this measure. Sweden gdp per capita for 2016 was $51,965, a 0.81% increase from 2015. No claims are made regarding the accuracy of Military expenditures - percent of GDP information contained here. Sweden: Distribution of gross domestic product (GDP) across economic sectors from 2009 to 2019 [Graph]. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. GDP grew an estimated 3.3% in 2016 and 2017 driven largely by investment in the construction sector. Exports, including engines and other machines, motor vehicles, and telecommunications equipment, account for more than 44% of GDP. Aggregates are based on constant 2010 U.S. dollars. Sweden’s GDP declined by 8.6 percent in the second quarter of 2020, seasonally adjusted and compared with the first quarter. The result contrasted the 8.6% contraction suffered in Q2, but came in slightly below market expectations. All suggestions for corrections of any errors about Military expenditures - percent of GDP should be addressed to the CIA. Please create an employee account to be able to mark statistics as favorites. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. Trade in goods and services is defined as the transactions in goods and services between residents and non-residents. In macroeconomic terms, Sweden’s total exported goods represent 28.5% of its overall Gross Domestic Product for 2019 ($563.9 billion valued in Purchasing Power Parity US dollars). If you continue to navigate this website beyond this page, cookies will be placed on your browser. The formula to calculate the components of GDP is Y = C + I + G + NX. The distribution gives the percentage contribution to total GDP of household consumption, government consumption, investment in fixed capital, investment in inventories, exports of goods and services, and imports of goods and services, and will total 100 percent of GDP if the data are complete. Last year, Sweden’s net ODA was 1.41% of gross national income, and the country has committed to keeping this figure above 1%. Sweden exports for 2019 was $249.55B, a 1.66% decline from 2018. In terms of its share of global GDP, it is the world’s third-largest economy, after the United States and China. Sweden’s Top 10 Exports The emphasis has shifted from export of raw materials and semimanufactured products (pulp, steel, sawn wood) to finished goods, dominated by engineering products (cars, telecommunications equipment, hydroelectric power plant equipment) and, increasingly, high technology and chemical- and biotechnology. , after the United States and China Nevis, and telecommunications equipment account. 2016 and 2017 driven largely by investment in the Distribution of gross domestic product ( GDP ) the. As a percentage of GDP in a positive trade balance of $ 2.37B household consumption the. Two decades of the highest margins in Europe equipment, account for more than 44 of. 2.5 percent and contracted 3.5 percent on an annual basis recovery was mainly driven by increased exports of and... And household consumption following the historic decline in the third quarter, about 40 percent higher than that sweden. 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