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%.
Sweden GDP from 1980 to 2024
The total market value of goods and services produced annually in Sweden.
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.
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 | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 4.555 % | $ 140B 384M | $ 87B 607M | $ 16,877.24 | $ 10,532.25 | 24.76 % | 8M 318K people | -3.085 % | -4.487 % |
1981 | 4.54 % | $ 128B 148M | $ 100B 249M | $ 15,396.75 | $ 12,044.81 | 22.14 % | 8M 323K people | -2.167 % | -2.649 % |
1982 | 1.397 % | $ 113B 59M | $ 107B 931M | $ 13,576.62 | $ 12,960.78 | 18.84 % | 8M 327K people | -3.027 % | -3.309 % |
1983 | 2.058 % | $ 103B 890M | $ 114B 465M | $ 12,470.95 | $ 13,740.40 | 21.05 % | 8M 330K people | -0.716 % | -1.587 % |
1984 | 4.347 % | $ 108B 255M | $ 123B 753M | $ 12,976.14 | $ 14,833.79 | 23.25 % | 8M 343K people | 0.67 % | 0.915 % |
1985 | 2.326 % | $ 113B 249M | $ 130B 636M | $ 13,549.51 | $ 15,629.80 | 23.47 % | 8M 358K people | -1.026 % | 0.881 % |
1986 | 2.971 % | $ 149B 633M | $ 137B 226M | $ 17,852.72 | $ 16,372.41 | 23.84 % | 8M 382K people | 0.619 % | 3.407 % |
1987 | 3.302 % | $ 181B 991M | $ 145B 270M | $ 21,629.29 | $ 17,265.13 | 24.30 % | 8M 414K people | 0.156 % | 6.476 % |
1988 | 2.468 % | $ 205B 883M | $ 154B 104M | $ 24,339.27 | $ 18,218.04 | 24.84 % | 8M 459K people | -0.238 % | 5.735 % |
1989 | 2.658 % | $ 216B 691M | $ 164B 404M | $ 25,412.18 | $ 19,280.30 | 25.82 % | 8M 527K people | -1.432 % | 5.354 % |
1990 | 0.751 % | $ 259B 899M | $ 171B 837M | $ 30,253.86 | $ 20,002.80 | 24.37 % | 8M 591K people | -2.412 % | 5.128 % |
1991 | -1.103 % | $ 272B 204M | $ 175B 690M | $ 31,490.22 | $ 20,324.75 | 21.67 % | 8M 644K people | -1.725 % | 1.754 % |
1992 | -0.935 % | $ 283B 228M | $ 178B 13M | $ 32,584.88 | $ 20,480.01 | 19.23 % | 8M 692K people | -2.637 % | -6.877 % |
1993 | -1.829 % | $ 212B 953M | $ 178B 899M | $ 24,351.05 | $ 20,457.06 | 17.84 % | 8M 745K people | -1.249 % | -9.855 % |
1994 | 3.93 % | $ 229B 34M | $ 189B 900M | $ 25,978.28 | $ 21,539.49 | 21.42 % | 8M 816K people | 1.002 % | -6.795 % |
1995 | 3.935 % | $ 267B 307M | $ 201B 511M | $ 30,246.92 | $ 22,801.84 | 23.97 % | 8M 837K people | 3.126 % | -4.593 % |
1996 | 1.579 % | $ 291B 746M | $ 208B 442M | $ 32,986.12 | $ 23,567.38 | 23.87 % | 8M 844K people | 3.261 % | -0.361 % |
1997 | 3.071 % | $ 268B 146M | $ 218B 547M | $ 30,307.16 | $ 24,701.17 | 24.27 % | 8M 848K people | 3.8 % | 1.451 % |
1998 | 4.312 % | $ 270B 810M | $ 230B 532M | $ 30,585.08 | $ 26,036.15 | 25.10 % | 8M 854K people | 3.502 % | 3.425 % |
1999 | 4.247 % | $ 274B 71M | $ 243B 724M | $ 30,928.57 | $ 27,503.95 | 25.59 % | 8M 861K people | 3.82 % | 3.105 % |