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 % of GDP 2019 Sweden (red) Find all indicators on Economy. That 28.5% for exports to overall GDP in PPP for 2019 compares to 30.6% for 2015. Sweden gdp per capita for 2019 was $51,610, a 5.46% decline from 2018. Sweden services export is 74,425,960,958 in BoP, current US$ 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… $39 per month* Smaller percentages went to Africa (1.8%), Latin America excluding Mexico but including the Caribbean (1.5%) then Oceania led by Australia (1.2%). 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. 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. Statistical news from Statistics Sweden 2020-08-28 9.30 . This site uses cookies to optimize functionality and give you the best possible experience. Sweden, Exports of goods and services as percentage of GDP is 45.79 %. GDP for Sweden is $556 billion, which equates to a GDP per capita of $54,608. Annual percentage growth rate of GDP at market prices based on constant local currency. In 2018, Sweden exported $162B and imported $160B, resulting in a positive trade balance of $2.37B. Sweden gdp per capita for 2018 was $54,589, a 1.48% increase from 2017. Calendar adjusted and compared with the second quarter of 2019, GDP decreased by 8.2 percent. Exports Per Capita (2018): $24k, Rank 114 of 219. The decline in GDP is the largest ever since the start of the time series in 1980. (billed annually). Calendar adjusted and compared with the third quarter of 2019, GDP decreased by 2.5 percent. In 2019, imports subtracted $3.49 trillion or a little more than in 2018. 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. August 28, 2020 . But too many people died. If you continue to navigate this website beyond this page, cookies will be placed on your browser. “But compared to other countries, [Sweden’s economy] is considerably better, for instance, if you compare to southern Europe." In 2016, the gross domestic product (GDP) of the European Union (EU) amounted to €14 800 billion (bn) at current prices. There was a broad downturn, but it was particularly affected by a drop in exports and households' consumption. With a GDP worth €3 100bn in 2016, Germany was the leading EU economy, accounting for over a fifth (21.1%) of EU GDP. 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. The total value of exports and imports of goods and services equals 90.9 percent of GDP. You only have access to basic statistics. Gross Domestic Product. 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. 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) Statista. Sweden: Distribution of gross domestic product (GDP) across economic sectors from 2009 to 2019 [Graph]. 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). Output in goods-producing industries decreased by 14.4 percent, while in service-producing industries, output decreased by 7.4 percent. Sweden gdp per capita for 2017 was $53,792, a 3.51% increase from 2016. Service Exports (2011): $81.9B, Rank 139 of 139. We saved our economy in Sweden. 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. Sweden enjoys a current account surplus of about 5% of GDP, which is one of the highest margins in Europe. No claims are made regarding the accuracy of Military expenditures - percent of GDP information contained here. 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 % … This feature is limited to our corporate solutions. 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. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Sweden recorded a Current Account surplus of 3.90 percent of the country's Gross Domestic Product in 2019. 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. 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’s GDP is SEK 4,790 bn, or EUR 460 bn – one of the EU’s highest. In 2018, exports for Sweden was 2,213,283 million %. The result contrasted the 8.6% contraction suffered in Q2, but came in slightly below market expectations. A very different picture emerges, though, if we consider it as a percentage of gross national income. Norway and Denmark both had far tougher coronavirus restrictions than Sweden. 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 … In 2018, the percentage of U.S. imports of the GDP amounted to 15.33 percent. 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). GDP grew an estimated 3.3% in 2016 and 2017 driven largely by investment in the construction sector. This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Sweden in the EU FRED: Download, graph, and track economic data. This according to the preliminary compilation of the quarterly national accounts. 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. Trade in goods and services is defined as the transactions in goods and services between residents and non-residents. Sweden: Gross domestic product (GDP) per capita in current prices (in U.S. dollars) 54,356.07 USD Detailed statistics 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 New, Everything you need to know about the industry development, Find studies from all around the internet. World Bank national accounts data, and OECD National Accounts data files. 4 years ago. 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. Compared to 2015, total Dutch export earnings grew by just over 10 percent, from 237 to 262 billion euros in 2018. GDP decreased by 8.3 percent in the second quarter of 2020, seasonally adjusted and compared with the first quarter of 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. In, World Bank. Services are difficult to export. Earnings from exports to the UK have increased less rapidly since 2015 (by 11 percent) compared to overall export earnings (by 14 percent). The formula to calculate the components of GDP is Y = C + I + G + NX. This according to the preliminary compilation of the quarterly national accounts. I never figured out what to set import/exports in relation to. Sweden exports for 2019 was $249.55B, a 1.66% decline from 2018. Are you interested in testing our corporate solutions? GDP (2018): $434B, CURRENT US$ Rank 27 of 196. Read more Aggregates are based on constant 2010 U.S. dollars. Sweden - Sweden - Trade: Exports account for about one-third of Sweden’s GDP. Much like the US for total spend, Sweden emerges ahead of the crowd on this measure. Exports, including engines and other machines, motor vehicles, and telecommunications equipment, account for more than 44% of GDP. "Sweden: Distribution of Gross Domestic Product (Gdp) across Economic Sectors from 2009 to 2019. and over 1 Mio. Product Imports (2018): $89.5B, Rank 40 of 221. Countries sorted by exports, imports and total trade (external trade rate) of goods and … ", 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. 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