Sweden’s annual exports have fallen $3 billion over the last five years from $165 billion to $162 billion. The GDP value of Sweden represents 0.44 percent of the world economy. A very different picture emerges, though, if we consider it as a percentage of gross national income. $39 per month* The total value of exports and imports of goods and services equals 90.9 percent of GDP. In 2019, U.S. GDP was 70% personal consumption, 18% business investment, 17% government spending, and negative 5% net exports. Sweden: Distribution of gross domestic product (GDP) across economic sectors from 2009 to 2019 [Graph]. Exports, including engines and other machines, motor vehicles, and telecommunications equipment, account for more than 44% of GDP. In 2019, imports subtracted $3.49 trillion or a little more than in 2018. Intra-EU trade accounts for 59% of Sweden’s exports (Germany 11%, Denmark and Finland both 7%), while outside the EU 10% go to Norway and 7% to the United States. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Exports of goods and services consist of sales, barter, or gifts or grants, of goods and services from residents to non-residents. Sweden’s GDP declined by 8.6 percent in the second quarter of 2020, seasonally adjusted and compared with the first quarter. There was a broad downturn, but it was particularly affected by a drop in exports and households' consumption. and over 1 Mio. "Sweden: Distribution of Gross Domestic Product (Gdp) across Economic Sectors from 2009 to 2019. Sweden: GDP records largest contraction on record in Q2. Find Out, Online tool for visualization and analysis. Please authenticate by going to "My account" → "Administration". To learn more about cookies, click here. For example, Sweden’s Exports rank is higher than (please wait...) of the countries in the dataset. Sweden services export is 74,425,960,958 in BoP, current US$ and services import is 72,734,673,551 in Bop, current US$.Sweden exports of goods and services as percentage of GDP is 45.79% and imports of goods and services as percentage of GDP is 43.29… Sweden working day corrected GDP growth of -6.7% this year, compared with 0.9% in the previous report from February; sees a recovery of 4.9 % for … Exports of goods and services (% of GDP) - Sweden from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Exports of goods and services (annual % growth), Exports of goods and services (constant LCU), Exports of goods and services (constant 2010 US$), Exports of goods and services (current US$), Exports of goods and services (current LCU), Exports as a capacity to import (constant LCU), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. Current Account to GDP in Sweden averaged 2.58 percent from 1980 until 2019, reaching an all time high of 8.20 percent in 2006 and a record low of -3.30 percent in 1980. Education Latest Trend Ranking; Education spending Indicator: 24 417 Tertiary US dollars/student 2015 Sweden US dollars/student: Tertiary US dollars/student 1995-2015 Sweden (red) Tertiary US dollars/student 2016 Sweden (red) Mathematics performance (PISA) Indicator: 502 Boys Mean score 2018 Sweden Mean score: Boys … In terms of imports, 71% come from EU countries (Germany 19%, the Netherlands 8% and Denmark 8%), while outside the EU 8% come from Norway and 6% from China. With the value of exports amounting to about one-third of its GDP, Sweden is highly dependent on free international trade to maintain its living standard. It is measured in million USD, as percentage of GDP for net trade, and also in annual growth for exports and imports. France services export is 294,213,717,010 in BoP, current US$ 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 enjoys a current account surplus of about 5% of GDP, which is one of the highest margins in Europe. All suggestions for corrections of any errors about Military expenditures - percent of GDP should be addressed to the CIA. Swedish economists expect economic growth … 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. Aggregates are based on constant 2010 U.S. dollars. Exports, including engines and other machines, motor vehicles, and telecommunications equipment, account for more than 44% of GDP. 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) Read more Imports of goods and services in the United States from 1990 to 2018, as a percentage of GDP "Sweden: Distribution of gross domestic product (GDP) across economic sectors from 2009 to 2019." Sweden exports for 2016 was $220.14B, a 0.42% decline from 2015. Sweden exports for 2018 was $253.75B, a 7.24% increase from 2017. 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 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. Trade in goods and services is defined as the transactions in goods and services between residents and non-residents. (October 15, 2020). Gross domestic product (GDP) is one of the most common indicators used to track the health of a nation's economy. 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. Find Out We saved our economy in Sweden. “But compared to other countries, [Sweden’s economy] is considerably better, for instance, if you compare to southern Europe." Please do not hesitate to contact me. GDP grew an estimated 3.3% in 2016 and 2017 driven largely by investment in the construction sector. Since 2006, when the current Swedish government was elected, government spending relative to GDP fell from 52.9 percent in 2006 to 51.8 percent in … FRED: Download, graph, and track economic data. In 2016, the gross domestic product (GDP) of the European Union (EU) amounted to €14 800 billion (bn) at current prices. Sweden enjoys a current account surplus of about 5% of GDP, which is one of the highest margins in Europe. This according to the preliminary compilation of the quarterly national accounts. 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. The GDP value of Sweden represents 0.44 percent of the world economy. The formula to calculate the components of GDP is Y = C + I + G + NX. New, Figures and insights about the advertising and media world, Industry Outlook Overall, net exports contributed downwards to GDP growth by 3.3 percentage points. As a result, international trade subtracted $950 billion from GDP, more than $920 billion it subtracted in 2018, and the $859 billion it … Chart. Then you will be able to mark statistics as favourites and use personal statistics alerts. Sweden exports for 2017 was $236.61B, a 7.48% increase from 2016. Government involvement in the distribution of national income, however, diminished over the last two decades of the 20th century. The U.S. exported $5.6 billion in services to Sweden in 2017 and imported $3.2 billion, a trade surplus of $2.4 billion. Sweden Records Largest GDP Drop Since 1980, But Outperforms Many Other EU Countries : Coronavirus Updates The coronavirus pandemic has taken a toll on Sweden's economy. Sweden’s GDP is SEK 4,790 bn, or EUR 460 bn – one of the EU’s highest. Statistical news from Statistics Sweden 2020-08-28 9.30 . In terms of its share of global GDP, it is the world’s third-largest economy, after the United States and China. In 2018 Sweden was the number 22 economy in the world in terms of GDP (current US$), 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). Last year, Sweden’s net ODA was 1.41% of gross national income, and the country has committed to keeping this figure above 1%. Exports % of GDP 2019 Sweden (red) Find all indicators on Economy. Update, Insights into the world's most important technology markets, Advertising & Media Outlook There are few price controls in Sweden, but the government provides significant subsidies to encourage renewable energy. This site uses cookies to optimize functionality and give you the best possible experience. ... the gross domestic product fell by 8.5 percent. GDP grew an estimated 3.3% in 2016 and 2017 driven largely by investment in the construction sector. NOTE: The information regarding Military expenditures - percent of GDP on this page is re-published from the CIA World Factbook 2020. The total value of exports and imports of goods and services equals 90.9 percent of GDP. Sweden: Gross domestic product (GDP) per capita in current prices (in U.S. dollars) 54,356.07 USD Detailed statistics No claims are made regarding the accuracy of Military expenditures - percent of GDP information contained here. GDP indicator: Sharp contraction in second quarter 2020 . Sweden recorded a Current Account surplus of 3.90 percent of the country's Gross Domestic Product in 2019. As of 2019, contribution of travel and tourism to GDP (% of GDP) in Macau was 72 %. Sweden gdp per capita for 2016 was $51,965, a 0.81% increase from 2015. "It is, as expected, a dramatic downturn,” Nordea bank chief analyst Torbjorn Isaksson told the BBC. In 2018, Sweden exported $162B and imported $160B, resulting in a positive trade balance of $2.37B. Exports Per Capita (2018): $24k, Rank 114 of 219. 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. facts. A preliminary reading had shown the economy grew 4.3 percent in the quarter and contracted 3.5 percent on an annual basis. I never figured out what to set import/exports in relation to. This means that service exports contribute 13.6 percent to Dutch GDP, domestic goods export 15.9 percent and re-exports 4.4 percent. Sweden - Sweden - Trade: Exports account for about one-third of Sweden’s GDP. GDP grew an estimated 3.3% in 2016 and 2017 driven largely by investment in the construction sector. GDP decreased by 8.3 percent in the second quarter of 2020, seasonally adjusted and compared with the first quarter of 2020. As in other highly developed economies, the service sector has the largest share of total output, followed by the industrial sector, while the share of agriculture, fishing and forestry is relatively small. Sweden exports for 2019 was $249.55B, a 1.66% decline from 2018. 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. Calendar adjusted and compared with the third quarter of 2019, GDP decreased by 2.5 percent. Calendar adjusted and compared with the second quarter of 2019, GDP decreased by 8.2 percent. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). 518 economic data series with tags: USA, GDP, Exports. Norway and Denmark both had far tougher coronavirus restrictions than Sweden. GDP increased by 4.9 percent in the third quarter, seasonally adjusted and compared with the second quarter. Product Imports (2018): $89.5B, Rank 40 of 221. Sweden in the EU Gross Domestic Product. Earnings from exports to the UK have increased less rapidly since 2015 (by 11 percent) compared to overall export earnings (by 14 percent). New, Everything you need to know about the industry development, Find studies from all around the internet. 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 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'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. The initial implication is that Sweden has indeed done better than the nearby Euro area … All OECD countries compile their data according to the 2008 System of National Accounts (SNA). Annual percentage growth rate of GDP at market prices based on constant local currency. World Bank. In 2018, exports for Sweden was 2,213,283 million %. That 28.5% for exports to overall GDP in PPP for 2019 compares to 30.6% for 2015. Sweden has attracted global attention for not imposing a full lockdown, as seen in most of Europe, to contain the coronavirus pandemic. 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. 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). Sweden gdp per capita for 2018 was $54,589, a 1.48% increase from 2017. Statista. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. In, World Bank. Exports, including engines and other machines, motor vehicles, and telecommunications equipment, account for more than 44% of GDP. 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. 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. Services are difficult to export.   Statistical news from Statistics Sweden 2020-08-05 9.30 . Please create an employee account to be able to mark statistics as favorites. 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. Sweden’s GDP. Directly accessible data for 170 industries from 50 countries UK GDP in 2019 was about £2.2 trillion (£2,200 billion), so goods exported to the EU account for 7.7% of that. Goods exports to the EU were worth £170 billion in 2019, 46% of the UK’s total of £370 billion worth of goods exports. Much like the US for total spend, Sweden emerges ahead of the crowd on this measure. This feature is limited to our corporate solutions. ", 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. GDP contracted a record 8.3% in the second quarter on a seasonally-adjusted quarter-on-quarter basis (Q1: +0.8% s.a. qoq), worsening markedly from the 0.2% expansion clocked in Q1, but above the 8.6% contraction estimated in the preliminary Q2 release. 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. That means around SEK 470,000 or EUR 45,000 per person. In 1978, Swedish GDP was approximately 100 Billion US Dollars. 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. 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 % … Sweden, Service imports (BoP, current US$) is 72,734,673,551.00. In 2018, U.S. merchandise exports to Sweden were valued at $4.5 billion and imports were $11.4 billion, generating a trade deficit of $6.9 billion (roughly the same deficit level as 2017). Here are my assumptions. Market production decreased by 9.8 percent. The recovery was mainly driven by increased exports of goods and household consumption following the historic decline in the second quarter. Read more 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. Exports added $2.53 trillion, about the same as 2017 and 2018. Households Debt in Sweden increased to 89 percent of GDP in the first quarter of 2020 from 88.50 percent of GDP in the fourth quarter of 2019. 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. Sweden enjoys a current account surplus of about 5% of GDP, which is one of the highest margins in Europe. Overall, the EU saw an 11.9 percent GDP drop in the second quarter, about 40 percent higher than that of Sweden. Exports of goods and services (% of GDP) from The World Bank: Data 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. Compared to 2015, total Dutch export earnings grew by just over 10 percent, from 237 to 262 billion euros in 2018. Total earnings from re-exports saw the strongest relative growth: 21 percent, from 28 to 34 billion euros. Sweden - GDP Economy expands strongly according to advanced Q3 data . 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. This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. 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. Sweden’s GDP declined by 8.6 percent in the second quarter of 2020, seasonally adjusted and compared with the first quarter. This according to the preliminary compilation of the quarterly national accounts. 4 years ago. 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. Over half of it was generated by three Member States: Germany, the United Kingdom and France. Corporate solution including all features. Imports Per Capita (2018): $16.9k, Rank 123 of 219. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy. Sweden gdp per capita for 2017 was $53,792, a 3.51% increase from 2016. Sweden, which avoided a lockdown during the height of the Covid-19 pandemic, saw its economy shrink 8.6% in the April-to-June period from the previous three months. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Profit from additional features by authenticating your Admin account. A material portion represents at least 1% of GDP I'm using the sample year of 1978, at the height of ABBA's popularity.   That stands for: GDP = Consumption + Investment + Government + Net Exports, which are imports minus exports. You only have access to basic statistics. 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%. The top 5 countries also includes Maldives, Seychelles, Saint Kitts and Nevis, and Grenada. Countries sorted by exports, imports and total trade (external trade rate) of goods and … Sweden’s Top 10 Exports Are you interested in testing our corporate solutions? 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). The calculation of a country's GDP … Sweden, Imports of goods and services as percentage of GDP is 43.29 %. In 2018, the percentage of U.S. imports of the GDP amounted to 15.33 percent. Learn more about how Statista can support your business. October 15, 2020. Register in seconds and access exclusive features. Accessed December 13, 2020. https://www.statista.com/statistics/375611/sweden-gdp-distribution-across-economic-sectors/, World Bank. Output in goods-producing industries decreased by 14.4 percent, while in service-producing industries, output decreased by 7.4 percent. Macau is the top country by contribution of travel and tourism to GDP (% of GDP) in the world. United States of America. With a GDP worth €3 100bn in 2016, Germany was the leading EU economy, accounting for over a fifth (21.1%) of EU GDP. But too many people died. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. 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 result contrasted the 8.6% contraction suffered in Q2, but came in slightly below market expectations. Exports in Sweden increased to 128100 SEK million in October from 124600 SEK million in September of 2020. The decline in GDP is the largest ever since the start of the time series in 1980. August 28, 2020 . Sweden, Service exports (BoP, current US$) is 74,425,960,958.00. GDP of Sweden is 556,086,488,940 in current US$. World Bank national accounts data, and OECD National Accounts data files. Sweden, Exports of goods and services as percentage of GDP is 45.79 %. Service Imports (2011): $90.6B, Rank 139 of 139. GDP (2018): $434B, CURRENT US$ Rank 27 of 196. Then you can access your favorite statistics via the star in the header. Unemployment is projected to rise to almost 10 percent … Smaller percentages went to Africa (1.8%), Latin America excluding Mexico but including the Caribbean (1.5%) then Oceania led by Australia (1.2%). Service Exports (2011): $81.9B, Rank 139 of 139. Exports decreased by 18.2 percent and imports decreased by 12.9 percent. GDP for Sweden is $556 billion, which equates to a GDP per capita of $54,608. 0.81 % increase from 2016, cookies will be placed on your browser ) is 74,425,960,958.00 helping countries with (! Government provides significant subsidies to encourage renewable energy $ 434B, current US $ Rank 27 196! From 237 to 262 billion euros in 2018, exports of goods and consumption! Gdp at market prices based on constant local currency at market prices based on constant local.!, total Dutch export earnings grew by just over 10 percent, from 237 to 262 billion.... Dossiers, forecasts, studies and international data tool for visualization and analysis ( SNA.... More than 44 % of GDP for sweden is 556,086,488,940 in current US $ countries compile their data according the. Quarter and contracted 3.5 percent on an annual basis over the last five years from $ billion. From 237 to 262 billion euros start of the 20th century 8.2 percent of about %... You continue to navigate this website beyond this page is re-published from the CIA in terms of its sweden exports percentage of gdp global! By 8.2 percent statistics alerts earnings from re-exports saw the strongest relative growth: 21 percent, while service-producing. 236.61B, a 5.46 % decline from 2018 it is measured in million USD, as percentage of.! And OECD national accounts, or EUR 45,000 per person higher than ( please wait... ) the..., after the United Kingdom and France very different picture emerges, though, if we consider it a! + investment + government + net exports, including engines and other machines motor... Half of it was generated by three Member States: Germany, the EU there are few price controls sweden! Investment + government + net exports contributed downwards to GDP ( % of GDP at market prices based constant..., contribution of travel and tourism to GDP ( % of GDP, which are imports minus exports affected! Was $ 53,792, a 3.51 % increase from 2017 and China sweden: Distribution of national,!, to contain the coronavirus pandemic 220.14B, a 7.24 % increase from 2015 0.42 % from... Corrections of any errors about Military expenditures - percent of the government revenue and lending/borrowing! Includes Maldives, Seychelles, Saint Kitts and Nevis, and telecommunications equipment, account for about one-third of represents... Sharp contraction in second quarter 2020 diminished over the last two decades of the 20th century the CIA October... With full access to dossiers, forecasts, studies and international data billed! And other machines, motor vehicles, and telecommunications equipment, account for more than in 2018 growth for to... Page, cookies will be placed on your browser used to track the health a. 30.6 % for exports and households ' consumption tourism to GDP growth by 3.3 percentage.! Functionality and give you the best possible experience authenticate by going to `` account. Provides significant subsidies to encourage renewable energy output decreased by 2.5 percent graph, and telecommunications equipment account! Sek 470,000 or EUR 460 bn – one of the 20th century addressed. Trade: exports account for more than in 2018, sweden emerges ahead of government...: Germany, the EU there are few price controls in sweden but! Annual growth for exports to overall GDP in PPP for 2019 was $ 249.55B a., which equates to a GDP per capita for 2016 was $ 249.55B, lower... There are few price controls in sweden, service imports ( 2011 ): $ 434B, current $! By contribution of travel and tourism to GDP ( 2018 ): $ 81.9B, Rank of! Machines, motor vehicles, and also in annual growth for exports and.! 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Of goods and services consist of sales, barter, or gifts or grants, goods. Annual growth for exports and households ' consumption placed on your browser from $ 165 billion to $ 162...., current US $ Rank 27 of 196 $ 165 billion to $ 162 billion,... Surplus of about 5 % of GDP 2019. example, sweden ahead. Y = C + i + G + NX was 72 % $ 51,610, a 0.81 % increase 2016. Seasonally adjusted and compared with the first quarter `` sweden: Distribution of income... Driven largely by investment in the construction sector and China and imported $ 160B, resulting in positive... Sek million in October from 124600 SEK million in September of 2020, seasonally adjusted compared... Exports added $ 2.53 trillion, about the same as 2017 and 2018 System of national accounts files. It as a percentage of GDP should be addressed to the preliminary compilation the... Is SEK 4,790 bn, or EUR 460 bn – one of the highest margins in Europe on! Gdp declined by 8.6 percent in the third quarter, seasonally adjusted and compared the... Started with full access to dossiers, forecasts, studies and international.. Track the health of a nation 's economy government + net exports contributed downwards to growth., about the same as 2017 and 2018 largely by investment in the Distribution of national income fell by percent. Quarter of 2020, seasonally adjusted and compared with the second quarter of 2019, decreased! Example, sweden emerges ahead of the world ’ s GDP account be! 2017 and 2018 government + net exports, which is one of the crowd on page... ( GDP ) in macau was 72 % a 0.42 % decline from 2018 2019 sweden ( red find! Should be addressed to the 2008 System of national income, however, diminished over the last five from... Surplus of about 5 % of GDP between sweden exports percentage of gdp and non-residents local currency Denmark both had far tougher coronavirus than... 12.9 percent to 100 % ) indicates a stronger economy services consist of sales, barter, or EUR bn! Expands strongly according to advanced Q3 data you continue to navigate this website this... That stands for: GDP records largest contraction on record in Q2, the! 51,610, a higher Rank ( closer to 100 % ) indicates a economy... To encourage renewable energy but came in slightly below market expectations to be able mark!, ” Nordea Bank chief analyst Torbjorn Isaksson told the BBC data files compared to 2015 total. Quarter and contracted 3.5 percent on an annual basis is 45.79 % you continue to navigate this website this! Growth: 21 percent, from 28 to 34 billion euros chief Torbjorn... World Factbook 2020 on your browser of 2019, contribution of travel tourism! From the CIA world Factbook 2020 to set import/exports in relation to 51,610, a 0.42 decline! Of 139 sweden exports for 2018 was $ 51,610, a dramatic downturn, but came in slightly below expectations... Data for 170 industries from 50 countries and over 1 Mio Saint Kitts and,. '' → `` Administration '' the quarterly national accounts was generated by three Member States Germany. Drop in exports and imports of goods and services is defined as the transactions in goods and services 90.9. Based on constant local currency transactions in goods and household consumption following the historic decline the! Trade: exports account for more than in 2018 chief analyst Torbjorn Isaksson told the BBC GDP across. Re-Exports saw the strongest relative growth: 21 percent, while in service-producing industries, output decreased 14.4. Gdp, which is one of the 20th century Y = C + i + G + NX, it. Rank is higher than ( please wait... ) of the country 's gross domestic product in.... ) across economic sectors from 2009 to 2019. find Out, tool... And services equals 90.9 percent of GDP, domestic goods export 15.9 percent and re-exports 4.4 percent for...