According to the International Monetary Fund (IMF), real GDP of Sweden is forecast to grow by 3.4 percent in 2022 and 2.8 percent in 2023.
1) Real GDP growth rate: 2010 – 6.0 percent, 2011 – 3.2 percent, 2012 – -0.6 percent, 2013 – 1.2 percent, 2014 – 2.7 percent, 2015 – 4.5 percent, 2016 – 2.1 percent, 2017 – 2.6 percent, 2018 – 2.0 percent, 2019 – 2.0 percent, 2020 – -2.8 percent and 2021 – 4.0 percent.
Gross domestic product is the market value of all goods and services made in a country in a year. Annual percentages of constant price GDP are year-on-year changes. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.
2) Projected real GDP growth rate: 2022 – 3.4 percent, 2023 – 2.8 percent, 2024 – 2.0 percent, 2025 – 2.0 percent and 2026 – 2.0 percent.
3) Nominal GDP in current prices, billions of Swedish krona (code: SEK; sign: kr): 2010 – kr3,573.581 billion, 2011 – kr3,727.905 billion, 2012 – kr3,743.086 billion, 2013 – kr3,822.671 billion, 2014 – kr3,992.730 billion, 2015 – kr4,260.470 billion, 2016 – kr4,415.031 billion, 2017 – kr4,625.094 billion, 2018 – kr4,828.306 billion, 2019 – kr5,049.619 billion, 2020 – kr4,983.363 billion and 2021 – kr5,297.569 billion.
4) Projected nominal GDP in current prices, billions of Swedish krona: 2022 – kr5,583.333 billion, 2023 – kr5,837.642 billion, 2024 – kr6,061.786 billion, 2025 – kr6,302.493 billion and 2026 – kr6,550.163 billion.
5) Nominal GDP in current prices, billions of U.S. dollars: 2010 – $495.813 billion, 2011 – $574.094 billion, 2012 – $552.484 billion, 2013 – $586.842 billion, 2014 – $581.964 billion, 2015 – $505.104 billion, 2016 – $515.655 billion, 2017 – $541.019 billion, 2018 – $555.455 billion, 2019 – $533.880 billion, 2020 – $541.064 billion and 2021 – $622.365 billion.
Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).
6) Projected nominal GDP in current prices, billions of U.S. dollars: 2022 – $660.918 billion, 2023 – $711.241 billion, 2024 – $747.591 billion, 2025 – $792.470 billion and 2026 – $837.192 billion.
7) GDP PPP (Purchasing power parity) in current prices, billions of international dollars: 2010 – $400.150 billion, 2011 – $421.516 billion, 2012 – $432.488 billion, 2013 – $444.617 billion, 2014 – $457.508 billion, 2015 – $481.300 billion, 2016 – $500.373 billion, 2017 – $530.433 billion, 2018 – $553.695 billion, 2019 – $574.794 billion, 2020 – $565.460 billion and 2021 – $609.478 billion.
GDP PPP = gross domestic product based on purchasing power parity, international dollars. Average consumer price level in the US = 100%.
GDP PPP takes into account differences in the cost of living in different countries. Purchasing power parity means how much money would be needed to buy the same item basket in two different countries. Using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income.
8) Projected GDP PPP in current prices, billions of international dollars: 2022 – $647.411 billion, 2023 – $681.422 billion, 2024 – $710.638 billion, 2025 – $740.540 billion and 2026 – $770.640 billion.
9) Nominal GDP per capita in current prices, U.S. dollars: 2010 – $52,658.8, 2011 – $60,540.2, 2012 – $57,816.0, 2013 – $60,845.0, 2014 – $59,704.8, 2015 – $51,274.3, 2016 – $51,590.5, 2017 – $53,459.1, 2018 – $54,295.7, 2019 – $51,694.5, 2020 – $52,129.1 and 2021 – $58,639.2.
GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
10) Projected nominal GDP per capita in current prices, U.S. dollars: 2022 – $61,680.6, 2023 – $65,769.7, 2024 – $68,523.9, 2025 – $72,034.5 and 2026 – $75,506.9.
11) GDP PPP per capita in current prices, international dollars: 2010 – $42,498.8, 2011 – $44,450.3, 2012 – $45,258.8, 2013 – $46,098.8, 2014 – $46,936.6, 2015 – $48,857.9, 2016 – $50,061.6, 2017 – $52,413.1, 2018 – $54,123.6, 2019 – $55,656.2, 2020 – $54,479.6 and 2021 – $57,425.0.
Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population.
12) Projected GDP PPP per capita in current prices, international dollars: 2022 – $60,420.1, 2023 – $63,012.3, 2024 – $65,136.8, 2025 – $67,314.2 and 2026 – $69,504.5.
13) GDP based on purchasing-power-parity (PPP) share of world total, percent: 2010 – 0.4 percent, 2011 – 0.4 percent, 2012 – 0.4 percent, 2013 – 0.4 percent, 2014 – 0.4 percent, 2015 – 0.4 percent, 2016 – 0.4 percent, 2017 – 0.4 percent, 2018 – 0.4 percent, 2019 – 0.4 percent, 2020 – 0.4 percent and 2021 – 0.4 percent.
Expressed in percent of world GDP in PPP dollars.
14) Projected GDP based on purchasing-power-parity (PPP) share of world total, percent: 2022 – 0.4 percent, 2023 – 0.4 percent, 2024 – 0.4 percent, 2025 – 0.4 percent and 2026 – 0.4 percent.
15) Deflator of Gross domestic product (index to the previous year), percent: 2010 – 100.9 percent, 2011 – 101.1 percent, 2012 – 101.0 percent, 2013 – 100.9 percent, 2014 – 101.7 percent, 2015 – 102.1 percent, 2016 – 101.5 percent, 2017 – 102.1 percent, 2018 – 102.4 percent, 2019 – 102.5 percent, 2020 – 101.5 percent and 2021 – 102.2 percent.
The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation.
16) Projected deflator of Gross domestic product (index to the previous year), percent: 2022 – 101.9 percent, 2023 – 101.7 percent, 2024 – 101.8 percent, 2025 – 101.9 percent and 2026 – 101.9 percent.
17) Output gap in percent of potential GDP, percent of potential GDP: 2010 – -1.1 percent, 2011 – 0.6 percent, 2012 – -1.3 percent, 2013 – -2.0 percent, 2014 – -1.2 percent, 2015 – 0.8 percent, 2016 – 0.3 percent, 2017 – 1.4 percent, 2018 – 1.9 percent, 2019 – 2.3 percent, 2020 – -1.1 percent and 2021 – -0.6 percent.
The output gap is actual minus potential output, as a percentage of potential output. Estimates of the output gap are subject to significant margins of uncertainty.
18) Projected output gap in percent of potential GDP, percent of potential GDP: 2022 – -0.4 percent.
19) Ratio of the average price level in Sweden to the average price level in the United States, percent: 2010 – 123.9 percent, 2011 – 136.2 percent, 2012 – 127.7 percent, 2013 – 132.0 percent, 2014 – 127.2 percent, 2015 – 104.9 percent, 2016 – 103.1 percent, 2017 – 102.0 percent, 2018 – 100.3 percent, 2019 – 92.9 percent, 2020 – 95.7 percent and 2021 – 102.1 percent.
20) Projected ratio of the average price level in Sweden to the average price level in the United States, percent: 2022 – 102.1 percent, 2023 – 104.4 percent, 2024 – 105.2 percent, 2025 – 107.0 percent and 2026 – 108.6 percent.
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Tags: English, GDP, GDP PPP, projected GDP, IMF
Source: BusinessForecast.by