[ Nominal GDP in billions of USD ]
Year -
$434.31 billions
Sweden GDP expanded from 1960 to 2009, increasing from $15.93 billion to $434.31 billion.The compound annual growth rate (CAGR) averaged 6.98% over the period. The economy recorded its peak level in 2008 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 26.1%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2009 | 2024 |
| Latest GDP | $ 434.31 Billions | $ 759.38 Int Billions |
| Growth (YoY) | -15.604% | 4.108% |
| Net Change vs Previous Year | $ -80.30 Billion | $ 29.97 Int Billion |
| % of World GDP | 0.71% | 0.38% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 15.93 | - | - | - | - | - |
| 1961 | 17.33 | 1.4 | 8.786 % | - | - | - |
| 1962 | 18.79 | 1.46 | 8.451 % | - | - | - |
| 1963 | 20.34 | 1.55 | 8.237 % | - | - | - |
| 1964 | 22.69 | 2.34 | 11.52 % | - | - | - |
| 1965 | 24.96 | 2.28 | 10.044 % | - | - | - |
| 1966 | 27.15 | 2.19 | 8.776 % | - | - | - |
| 1967 | 29.47 | 2.32 | 8.544 % | - | - | - |
| 1968 | 31.28 | 1.8 | 6.117 % | - | - | - |
| 1969 | 33.97 | 2.69 | 8.599 % | - | - | - |
| 1970 | 38.04 | 4.07 | 11.982 % | - | - | - |
| 1971 | 41.51 | 3.47 | 9.12 % | - | - | - |
| 1972 | 48.88 | 7.38 | 17.773 % | - | - | - |
| 1973 | 59.32 | 10.44 | 21.348 % | - | - | - |
| 1974 | 65.92 | 6.6 | 11.124 % | - | - | - |
| 1975 | 82.77 | 16.85 | 25.559 % | - | - | - |
| 1976 | 89.23 | 6.47 | 7.814 % | - | - | - |
| 1977 | 94.33 | 5.1 | 5.715 % | - | - | - |
| 1978 | 104.29 | 9.96 | 10.558 % | - | - | - |
| 1979 | 123.21 | 18.92 | 18.138 % | - | - | - |
| 1980 | 141.89 | 18.68 | 15.16 % | - | - | - |
| 1981 | 129.5 | -12.39 | -8.73 % | - | - | - |
| 1982 | 114.21 | -15.28 | -11.803 % | - | - | - |
| 1983 | 104.86 | -9.35 | -8.189 % | - | - | - |
| 1984 | 109.04 | 4.18 | 3.987 % | - | - | - |
| 1985 | 113.96 | 4.92 | 4.507 % | - | - | - |
| 1986 | 150.28 | 36.32 | 31.873 % | - | - | - |
| 1987 | 182.74 | 32.46 | 21.603 % | - | - | - |
| 1988 | 206.69 | 23.94 | 13.102 % | - | - | - |
| 1989 | 217.63 | 10.95 | 5.296 % | - | - | - |
| 1990 | 261.47 | 43.83 | 20.141 % | 174.24 | - | - |
| 1991 | 273.83 | 12.36 | 4.729 % | 178.06 | 3.83 | 2.197 % |
| 1992 | 283.91 | 10.08 | 3.68 % | 180.01 | 1.95 | 1.094 % |
| 1993 | 212.64 | -71.26 | -25.101 % | 180.47 | 0.46 | 0.256 % |
| 1994 | 228.7 | 16.05 | 7.55 % | 191.73 | 11.26 | 6.237 % |
| 1995 | 267.05 | 38.35 | 16.769 % | 203.76 | 12.03 | 6.277 % |
| 1996 | 291.95 | 24.9 | 9.324 % | 211.76 | 8 | 3.924 % |
| 1997 | 268.25 | -23.7 | -8.118 % | 219.53 | 7.77 | 3.671 % |
| 1998 | 270.89 | 2.64 | 0.983 % | 229.21 | 9.68 | 4.411 % |
| 1999 | 274.32 | 3.43 | 1.267 % | 243.56 | 14.35 | 6.259 % |
| 2000 | 262.9 | -11.41 | -4.161 % | 262.94 | 19.38 | 7.955 % |
| 2001 | 242.5 | -20.41 | -7.762 % | 266.4 | 3.46 | 1.317 % |
| 2002 | 267.37 | 24.87 | 10.257 % | 276.56 | 10.16 | 3.814 % |
| 2003 | 334.07 | 66.7 | 24.947 % | 284.76 | 8.2 | 2.965 % |
| 2004 | 384.55 | 50.47 | 15.108 % | 304.03 | 19.27 | 6.765 % |
| 2005 | 391.69 | 7.14 | 1.858 % | 308.8 | 4.77 | 1.57 % |
| 2006 | 422.53 | 30.84 | 7.874 % | 342.08 | 33.28 | 10.778 % |
| 2007 | 490.05 | 67.52 | 15.98 % | 373.36 | 31.28 | 9.145 % |
| 2008 | 514.61 | 24.57 | 5.013 % | 386.36 | 13.01 | 3.483 % |
| 2009 | 434.31 | -80.3 | -15.604 % | 372.81 | -13.55 | -3.507 % |
| 2010 | - | - | - | 393.43 | 20.61 | 5.529 % |
| 2011 | - | - | - | 418.91 | 25.48 | 6.477 % |
| 2012 | - | - | - | 430.34 | 11.43 | 2.73 % |
| 2013 | - | - | - | 442.56 | 12.22 | 2.839 % |
| 2014 | - | - | - | 454.18 | 11.62 | 2.625 % |
| 2015 | - | - | - | 477.93 | 23.75 | 5.229 % |
| 2016 | - | - | - | 499.03 | 21.1 | 4.416 % |
| 2017 | - | - | - | 517.71 | 18.68 | 3.744 % |
| 2018 | - | - | - | 540.53 | 22.82 | 4.408 % |
| 2019 | - | - | - | 586.37 | 45.84 | 8.481 % |
| 2020 | - | - | - | 595.21 | 8.84 | 1.507 % |
| 2021 | - | - | - | 653.4 | 58.19 | 9.776 % |
| 2022 | - | - | - | 703.42 | 50.02 | 7.655 % |
| 2023 | - | - | - | 729.41 | 25.99 | 3.695 % |
| 2024 | - | - | - | 759.38 | 29.97 | 4.108 % |
Between 1960 to 2009, Sweden experienced the following economic phases:
The most remarkable growth occurred in 1986 with an increase of 31.873%, while the largest decline was in 1993 at -25.101%.