Sweden Economic Statistics and Indicators
26, May 2015, EDT. Welcome to the Sweden economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Sweden › Change country
National or Regional Currency: Swedish Krona, SEK
Year of data: 2014 › Change year
Number of Indicators Listed: 42
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 9,723,809 (July 2014 est.)
Area: total: 450,295 sq km ; land: 410,335 sq km ; water: 39,960 sq km
Natural Resources: iron ore, copper, lead, zinc, gold, silver, tungsten, uranium, arsenic, feldspar, timber, hydropower
Capital: name: Stockholm ; geographic coordinates: 59 20 N, 18 03 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
Aided by peace and neutrality for the whole of the 20th century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a highly skilled labor force. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for vast majority of industrial output, of which the engineering sector accounts for about 50% of output and exports. Agriculture accounts for little more than 1% of GDP and of employment. Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. This, and robust finances, offered the center-right government considerable scope to implement its reform program aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. Despite strong finances and underlying fundamentals, the Swedish economy slid into recession in the third quarter of 2008 and the contraction continued in 2009 as deteriorating global conditions reduced export demand and consumption. Strong exports of commodities and a return to profitability by Sweden's banking sector drove a rebound in 2010, but growth slipped in 2013, as a result of continued economic weakness in the EU - Sweden’s main export market.
More on the Sweden Economy
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GDP (Constant Prices, National Currency) for Sweden in year 2014 is SEK 3,717.63 Billion.
GDP (Current Prices, National Currency) for Sweden in year 2014 is SEK 3,742.94 Billion.
GDP (Current Prices, US Dollars) for Sweden in year 2014 is US$ 559.113 Billion.
GDP Deflator for Sweden in year 2014 is 100.681 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Constant Prices, National Currency) for Sweden in year 2014 is SEK 382,702.53 .
GDP Per Capita (Current Prices, National Currency) for Sweden in year 2014 is SEK 385,308.18 .
GDP Per Capita (Current Prices, US Dollars) for Sweden in year 2014 is US$ 57,556.64 .
GDP (PPP), US Dollars for Sweden in year 2014 is US$ 434.175 Billion.
GDP Per Capita (PPP), US Dollars for Sweden in year 2014 is US$ 44,695.17 .
Investment (% of GDP) for Sweden in year 2014 is 19.194 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Sweden in year 2014 is 100.115 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Sweden in year 2014 is 100.77 (Index, Base Year 2000 = 100).
Employment for Sweden in year 2014 is 4.666 Million .
Population for Sweden in year 2014 is 9.714 Million .
General government revenue (National Currency) for Sweden in year 2014 is SEK 1,883.20 Billions.
General government total expenditure (National Currency) for Sweden in year 2014 is SEK 1,959.64 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Sweden in year 2014 is SEK -76.436 Billions.
General Government Structural Balance (National Currency) for Sweden in year 2014 is SEK -58.567 Billion.
Fiscal Year Gross Domestic Product, Current Prices for Sweden in year 2014 is SEK 3,742.94 Billions.
Current Account Balance (US Dollars) for Sweden in year 2014 is US$ 31.762 Billion.
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Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International