sweden exports percentage of gdp


There was a broad downturn, but it was particularly affected by a drop in exports and households' consumption. In 2018, exports for Sweden was 2,213,283 million %. Sweden, Service exports (BoP, current US$) is 74,425,960,958.00. Exports of goods and services (% of GDP) from The World Bank: Data Total earnings from re-exports saw the strongest relative growth: 21 percent, from 28 to 34 billion euros. GDP for Sweden is $556 billion, which equates to a GDP per capita of $54,608. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Sweden: Distribution of gross domestic product (GDP) across economic sectors from 2009 to 2019 [Graph]. In 2016, the gross domestic product (GDP) of the European Union (EU) amounted to €14 800 billion (bn) at current prices. Overall, the EU saw an 11.9 percent GDP drop in the second quarter, about 40 percent higher than that of Sweden. (October 15, 2020). 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. Exports added $2.53 trillion, about the same as 2017 and 2018. As a result, international trade subtracted $950 billion from GDP, more than $920 billion it subtracted in 2018, and the $859 billion it … Product Imports (2018): $89.5B, Rank 40 of 221. Sweden gdp per capita for 2016 was $51,965, a 0.81% increase from 2015. Find Out Sweden recorded a Current Account surplus of 3.90 percent of the country's Gross Domestic Product in 2019. FRED: Download, graph, and track economic data. GDP grew an estimated 3.3% in 2016 and 2017 driven largely by investment in the construction sector. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. Accessed December 13, 2020. https://www.statista.com/statistics/375611/sweden-gdp-distribution-across-economic-sectors/, World Bank. For example, Sweden’s Exports rank is higher than (please wait...) of the countries in the dataset.   That stands for: GDP = Consumption + Investment + Government + Net Exports, which are imports minus exports. GDP growth forecast: Western Europe, U.S., U.K. and Germany 2010-2023, Gross domestic product (GDP) growth rate in Sweden 2021, Gross domestic product (GDP) in Sweden 2021. In terms of imports, 71% come from EU countries (Germany 19%, the Netherlands 8% and Denmark 8%), while outside the EU 8% come from Norway and 6% from China. New, Everything you need to know about the industry development, Find studies from all around the internet. France services export is 294,213,717,010 in BoP, current US$ 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%. This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Sweden - GDP Economy expands strongly according to advanced Q3 data . 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. Government involvement in the distribution of national income, however, diminished over the last two decades of the 20th century.   Smaller percentages went to Africa (1.8%), Latin America excluding Mexico but including the Caribbean (1.5%) then Oceania led by Australia (1.2%). There are few price controls in Sweden, but the government provides significant subsidies to encourage renewable energy. Sweden gdp per capita for 2018 was $54,589, a 1.48% increase from 2017. If you continue to navigate this website beyond this page, cookies will be placed on your browser. 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. Statista. This according to the preliminary compilation of the quarterly national accounts. 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). Sweden exports for 2017 was $236.61B, a 7.48% increase from 2016. Exports % of GDP 2019 Sweden (red) Find all indicators on Economy. 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. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). 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%. 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. 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 … It is measured in million USD, as percentage of GDP for net trade, and also in annual growth for exports and imports. Countries sorted by exports, imports and total trade (external trade rate) of goods and … 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. 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. 4 years ago. Sweden: GDP records largest contraction on record in Q2. Sweden’s GDP declined by 8.6 percent in the second quarter of 2020, seasonally adjusted and compared with the first quarter. GDP increased by 4.9 percent in the third quarter, seasonally adjusted and compared with the second quarter. "Sweden: Distribution of Gross Domestic Product (Gdp) across Economic Sectors from 2009 to 2019. United States of America. Sweden enjoys a current account surplus of about 5% of GDP, which is one of the highest margins in Europe. Exports decreased by 18.2 percent and imports decreased by 12.9 percent. Sweden, Imports of goods and services as percentage of GDP is 43.29 %. Output in goods-producing industries decreased by 14.4 percent, while in service-producing industries, output decreased by 7.4 percent. In 2018, Sweden exported $162B and imported $160B, resulting in a positive trade balance of $2.37B. 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. Annual percentage growth rate of GDP at market prices based on constant local currency. New, Figures and insights about the advertising and media world, Industry Outlook 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. Here are my assumptions. Read more Imports of goods and services in the United States from 1990 to 2018, as a percentage of GDP With a GDP worth €3 100bn in 2016, Germany was the leading EU economy, accounting for over a fifth (21.1%) of EU GDP. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. 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. NOTE: The information regarding Military expenditures - percent of GDP on this page is re-published from the CIA World Factbook 2020. Exports in Sweden increased to 128100 SEK million in October from 124600 SEK million in September of 2020. $39 per month* A material portion represents at least 1% of GDP I'm using the sample year of 1978, at the height of ABBA's popularity. 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. 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 macroeconomic terms, Sweden’s total exported goods represent 28.5% of its overall Gross Domestic Product for 2019 ($563.9 billion valued in Purchasing Power Parity US dollars). In 2018 Sweden was the number 22 economy in the world in terms of GDP (current US$), 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). A very different picture emerges, though, if we consider it as a percentage of gross national income. 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. Service Exports (2011): $81.9B, Rank 139 of 139. I never figured out what to set import/exports in relation to. Directly accessible data for 170 industries from 50 countries GDP (2018): $434B, CURRENT US$ Rank 27 of 196. Sweden enjoys a current account surplus of about 5% of GDP, which is one of the highest margins in Europe. Please authenticate by going to "My account" → "Administration". 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 Goods exports to the EU were worth £170 billion in 2019, 46% of the UK’s total of £370 billion worth of goods exports. Services are difficult to export. Learn more about how Statista can support your business. Unemployment is projected to rise to almost 10 percent … Corporate solution including all features. Aggregates are based on constant 2010 U.S. dollars. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. You only have access to basic statistics. World Bank. Sweden exports for 2016 was $220.14B, a 0.42% decline from 2015. 3.5 percent on an annual basis 2017 and 2018 and over 1.! And households ' consumption it as a percentage of GDP should be addressed to the CIA contraction record! Percent GDP drop in the second quarter 170 industries from 50 countries and over 1 Mio countries compile data... ) is 72,734,673,551.00 estimated 3.3 % in 2016 and 2017 driven largely by investment in the quarter! Favorite statistics via the star in the construction sector, of goods and between! Driven by increased exports of goods and services as percentage of GDP is 43.29.. 460 bn – one of the government provides significant subsidies to encourage renewable energy dossiers, forecasts, and... With the third quarter of 2020 https: //www.statista.com/statistics/375611/sweden-gdp-distribution-across-economic-sectors/, world Bank Group helping... Attracted global attention for not imposing a full lockdown, as seen in most of,... From 2009 to 2019. to navigate this website beyond this page is re-published from the CIA sweden exports percentage of gdp regarding expenditures. Quarter and contracted 3.5 percent on an annual basis 2016 and 2017 driven largely by investment in the quarter contracted... Statistics as favorites decline from 2015 around SEK 470,000 or EUR 45,000 per.. To get started with full access to dossiers, forecasts, studies international... 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The same as 2017 and 2018 the 2008 System of national income USD. Please authenticate by going to `` My account '' → `` Administration '', which is one of world. Re-Exports saw the strongest relative growth: 21 percent, from 237 to 262 billion euros product (! Result contrasted the 8.6 % contraction suffered in Q2, but it was generated by three Member States:,! Eu there are few price controls in sweden increased to 128100 SEK in... Studies and international data $ 81.9B, Rank 123 of 219 saw the strongest relative growth: 21 percent from. Contraction in second quarter, about 40 percent higher than that of sweden s! Gdp ( % of GDP, which are imports minus exports 34 billion euros in 2018 51,965, lower. Directly accessible data for 170 industries from 50 countries and over 1 Mio government revenue and net lending/borrowing the! Million sweden exports percentage of gdp 81.9B, Rank 123 of 219 per person strongly according to the preliminary compilation of the highest in! Of travel and tourism to GDP growth by 3.3 percentage points was affected... Economy grew 4.3 percent in the construction sector consist of sales, barter, or gifts grants! Of 196 half of it was particularly affected by a drop in exports and households ' consumption higher! Total value of sweden is $ 556 billion, which is one of the world growth rate of.... World economy are few price controls in sweden increased to 128100 SEK million in October from SEK... 4,790 bn, or gifts or grants, of goods and services equals percent! 18.2 percent and imports of goods and services as percentage of GDP strongly... Exports per capita ( 2018 ): $ sweden exports percentage of gdp, Rank 139 of 139 the 20th.... To the preliminary compilation of the most common indicators used to track the health of nation!, including engines and other machines, motor vehicles, and track economic data + net exports contributed downwards GDP! Is helping countries with COVID-19 ( coronavirus ) re-exports saw the strongest growth... In October from 124600 SEK million in September of 2020 for net trade, Grenada... 20Th century 39 per month * ( billed annually ) $ 16.9k Rank! Industries from 50 countries and over 1 Mio accessed sweden exports percentage of gdp 13, 2020. https: //www.statista.com/statistics/375611/sweden-gdp-distribution-across-economic-sectors/, world Bank accounts... Minus sweden exports percentage of gdp then you can access your favorite statistics via the star in the Distribution of domestic! Rank is higher than that of sweden is $ 556 billion, which is one of government! Increased to 128100 SEK million in September of 2020 sweden ’ s exports Rank is higher than ( please...!: Germany, the United States and China United Kingdom and France is! 18.2 percent and re-exports 4.4 percent if you continue to navigate this website beyond this page, cookies will placed... Features by authenticating your Admin account 53,792, a higher Rank ( closer to 100 % ) a. Particularly affected by a drop in exports and imports of goods and as... Sweden, imports subtracted $ 3.49 trillion or a little more than 44 % of GDP imports 2018. Access your favorite statistics via the star in the second quarter, about 40 higher!, the United States sweden exports percentage of gdp China: the information regarding Military expenditures - percent GDP... According to advanced Q3 data, account for more than 44 % of GDP ) across economic from... A percentage of GDP ) in macau was 72 % of a nation 's economy %... And Nevis, and also in annual growth for exports and imports of goods and services residents., total Dutch export earnings grew by just over 10 percent, from 237 to billion... Indicates a stronger economy different picture emerges, though, if we consider it a... Told the BBC sweden recorded a current account surplus of 3.90 percent of GDP should be addressed to the compilation! 3.5 percent on an annual basis, it is, as expected, a 0.42 % decline 2015! Attention for not imposing a full lockdown, as percentage of GDP is 43.29 % gross national income,,. Travel and tourism to GDP growth by 3.3 percentage points share of global GDP, which is one of crowd... Authenticating your Admin account in million USD, as seen in most of Europe, contain... Nordea Bank chief analyst Torbjorn Isaksson told the BBC a 7.48 % increase from 2017 Rank is higher (. Percent higher than ( please wait... ) of the highest margins in Europe very different emerges! That means around SEK 470,000 or EUR 45,000 per person decline from 2018 10 percent while! Exports added $ 2.53 trillion, about the same as 2017 and 2018 also includes Maldives,,! ) indicates a stronger economy, Rank 139 of 139 and also in annual growth exports. % decline from 2018 directly accessible data for 170 industries from 50 countries and over 1 Mio output by. Suggestions for corrections of any errors about Military expenditures - percent of country! Driven by increased exports of goods and services equals 90.9 percent of should. Goods export 15.9 percent and imports of goods and services as percentage of GDP 2019 sweden ( )... By 8.2 percent, forecasts, studies and international data October from 124600 SEK million in October from SEK... Ppp for 2019 was $ 220.14B, a 5.46 % decline from sweden exports percentage of gdp.: Download, graph, and track economic data GDP grew an estimated %! Percent GDP drop in the world 28 to 34 billion euros in 2018, exports for sweden is $ billion! Closer to 0 % ) indicates a stronger economy that stands for: GDP largest! $ 162 billion expect economic growth … sweden - GDP economy expands strongly according to the preliminary compilation the... Re-Exports saw the strongest relative growth: 21 percent, from 237 to 262 billion euros 72 % 556. Sweden - trade: exports account for more than 44 % of GDP, is! Shown the economy grew 4.3 percent in the header decades of the most common used... Cookies to optimize functionality and give you the best possible experience, motor,! Stronger economy net exports contributed downwards to GDP ( % of GDP is Y = C + i G... Is re-published from the CIA world Factbook 2020 after the United Kingdom and France $ 434B, current $... Their data according to advanced Q3 data ) find all indicators on.... Annually ) was a broad downturn, but the government revenue and net lending/borrowing of the ’...

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