Sweden's GDP changed from approximately $140B 384M in 1980 to $623B 48M in 2024, showing an overall 343.8% sharply increased during the period.
The lowest GDP was recorded in 1983 at $103B 890M, and the highest in 2021 at $639B 715M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.4%.
For comparison, the average annual growth rate of Norway was 4.9%, and that of Finland was 4.0%.
Overview of Sweden's GDP (1980–2024)
The Gross Domestic Product (GDP) of Sweden recorded a 343.8% sharply increased from 1980 to 2024.
The average GDP during this period was $361B 749M, and the median was $291B 746M.
GDP fluctuated within a range of $535B 825M, with a standard deviation of $171B 690M.
The average annual change was $12B 580M.
Sweden GDP from 1980 to 2024
The total market value of goods and services produced annually in Sweden.
Highest and Lowest GDP Records
- Lowest GDP: 1983, $103B 890M
- Highest GDP: 2021, $639B 715M
- Most Recent GDP: 2024, $623B 48M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2009: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Sweden's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $533B 880M → $547B 54M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $491B 255M → $436B 536M
- Outcome: sharply declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $262B 834M → $242B 395M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $268B 146M → $270B 810M
- Outcome: remained stable
Key Economic Indicators of Sweden (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 140B 384M | $ 16,877.24 | $ 10,532.25 | $ 87B 607M | 4.555 % | -3.085 % | 24.76 % | -4.487 % | 8M 318K people |
1981 | $ 128B 148M | $ 15,396.75 | $ 12,044.81 | $ 100B 249M | 4.54 % | -2.167 % | 22.14 % | -2.649 % | 8M 323K people |
1982 | $ 113B 59M | $ 13,576.62 | $ 12,960.78 | $ 107B 931M | 1.397 % | -3.027 % | 18.84 % | -3.309 % | 8M 327K people |
1983 | $ 103B 890M | $ 12,470.95 | $ 13,740.40 | $ 114B 465M | 2.058 % | -0.716 % | 21.05 % | -1.587 % | 8M 330K people |
1984 | $ 108B 255M | $ 12,976.14 | $ 14,833.79 | $ 123B 753M | 4.347 % | 0.67 % | 23.25 % | 0.915 % | 8M 343K people |
1985 | $ 113B 249M | $ 13,549.51 | $ 15,629.80 | $ 130B 636M | 2.326 % | -1.026 % | 23.47 % | 0.881 % | 8M 358K people |
1986 | $ 149B 633M | $ 17,852.72 | $ 16,372.41 | $ 137B 226M | 2.971 % | 0.619 % | 23.84 % | 3.407 % | 8M 382K people |
1987 | $ 181B 991M | $ 21,629.29 | $ 17,265.13 | $ 145B 270M | 3.302 % | 0.156 % | 24.30 % | 6.476 % | 8M 414K people |
1988 | $ 205B 883M | $ 24,339.27 | $ 18,218.04 | $ 154B 104M | 2.468 % | -0.238 % | 24.84 % | 5.735 % | 8M 459K people |
1989 | $ 216B 691M | $ 25,412.18 | $ 19,280.30 | $ 164B 404M | 2.658 % | -1.432 % | 25.82 % | 5.354 % | 8M 527K people |
1990 | $ 259B 899M | $ 30,253.86 | $ 20,002.80 | $ 171B 837M | 0.751 % | -2.412 % | 24.37 % | 5.128 % | 8M 591K people |
1991 | $ 272B 204M | $ 31,490.22 | $ 20,324.75 | $ 175B 690M | -1.103 % | -1.725 % | 21.67 % | 1.754 % | 8M 644K people |
1992 | $ 283B 228M | $ 32,584.88 | $ 20,480.01 | $ 178B 13M | -0.935 % | -2.637 % | 19.23 % | -6.877 % | 8M 692K people |
1993 | $ 212B 953M | $ 24,351.05 | $ 20,457.06 | $ 178B 899M | -1.829 % | -1.249 % | 17.84 % | -9.855 % | 8M 745K people |
1994 | $ 229B 34M | $ 25,978.28 | $ 21,539.49 | $ 189B 900M | 3.93 % | 1.002 % | 21.42 % | -6.795 % | 8M 816K people |
1995 | $ 267B 307M | $ 30,246.92 | $ 22,801.84 | $ 201B 511M | 3.935 % | 3.126 % | 23.97 % | -4.593 % | 8M 837K people |
1996 | $ 291B 746M | $ 32,986.12 | $ 23,567.38 | $ 208B 442M | 1.579 % | 3.261 % | 23.87 % | -0.361 % | 8M 844K people |
1997 | $ 268B 146M | $ 30,307.16 | $ 24,701.17 | $ 218B 547M | 3.071 % | 3.8 % | 24.27 % | 1.451 % | 8M 848K people |
1998 | $ 270B 810M | $ 30,585.08 | $ 26,036.15 | $ 230B 532M | 4.312 % | 3.502 % | 25.10 % | 3.425 % | 8M 854K people |
1999 | $ 274B 71M | $ 30,928.57 | $ 27,503.95 | $ 243B 724M | 4.247 % | 3.82 % | 25.59 % | 3.105 % | 8M 861K people |