Sweden ranked 26/197 by economy size with a GDP of $604B and 17/197 by GDP per capita at $57,117. Sweden has $199B in government debt, with a debt-to-GDP ratio of 33%.
In 2024, Sweden made up 0.54% of the world's economy, compared to 1.17% in 1960.
Sweden GDP & GDP growth by year
| Year | GDP | GDP growth |
|---|---|---|
| 2024 | $603,715,224,266 | 0.82% |
| 2023 | $578,990,915,246 | -0.2% |
| 2022 | $575,071,237,641 | 1.26% |
| 2021 | $631,693,331,301 | 5.23% |
| 2020 | $544,265,668,452 | -1.93% |
| 2019 | $530,894,124,494 | 2.61% |
| 2018 | $549,649,344,043 | 1.77% |
| 2017 | $535,172,356,785 | 1.88% |
| 2016 | $513,058,312,951 | 2.13% |
| 2015 | $501,602,351,912 | 4.39% |
| 2014 | $577,727,767,304 | 2.3% |
| 2013 | $584,125,353,119 | 1.14% |
| 2012 | $549,739,674,655 | -0.41% |
| 2011 | $570,538,581,144 | 3.16% |
| 2010 | $492,750,897,239 | 5.75% |
| 2009 | $434,311,714,442 | -4.26% |
| 2008 | $514,614,100,833 | -0.92% |
| 2007 | $490,047,789,548 | 3.22% |
| 2006 | $422,528,394,459 | 4.68% |
| 2005 | $391,688,455,929 | 2.79% |
| 2004 | $384,545,442,175 | 4.18% |
| 2003 | $334,072,443,516 | 1.88% |
| 2002 | $267,371,907,447 | 2.28% |
| 2001 | $242,497,797,485 | 1.36% |
| 2000 | $262,903,560,280 | 4.63% |
| 1999 | $274,318,357,862 | 4.2% |
| 1998 | $270,887,306,759 | 4.25% |
| 1997 | $268,249,616,891 | 3.06% |
| 1996 | $291,949,597,375 | 1.7% |
| 1995 | $267,050,453,507 | 4.09% |
| 1994 | $228,699,066,874 | 4.02% |
| 1993 | $212,644,602,616 | -2.07% |
| 1992 | $283,908,914,454 | -1.16% |
| 1991 | $273,831,464,572 | -1.15% |
| 1990 | $261,466,577,009 | 0.75% |
| 1989 | $217,632,340,195 | 2.65% |
| 1988 | $206,686,590,776 | 2.56% |
| 1987 | $182,744,315,974 | 3.35% |
| 1986 | $150,279,869,729 | 2.69% |
| 1985 | $113,958,084,357 | 2.16% |
| 1984 | $109,043,045,407 | 4.23% |
| 1983 | $104,862,109,663 | 1.9% |
| 1982 | $114,214,731,799 | 1.25% |
| 1981 | $129,498,921,476 | 0.45% |
| 1980 | $141,886,067,004 | 1.7% |
| 1979 | $123,207,527,699 | 3.84% |
| 1978 | $104,290,933,496 | 1.75% |
| 1977 | $94,331,782,622 | -1.6% |
| 1976 | $89,232,517,046 | 1.06% |
| 1975 | $82,765,232,648 | 2.55% |
| 1974 | $65,917,634,590 | 3.2% |
| 1973 | $59,318,842,992 | 3.97% |
| 1972 | $48,883,173,400 | 2.29% |
| 1971 | $41,506,151,115 | 0.94% |
| 1970 | $38,037,226,668 | 6.47% |
| 1969 | $33,967,301,561 | 5.01% |
| 1968 | $31,277,871,669 | 3.64% |
| 1967 | $29,474,881,506 | 3.37% |
| 1966 | $27,154,716,721 | 2.09% |
| 1965 | $24,963,947,415 | 3.82% |
| 1964 | $22,685,490,195 | 6.82% |
| 1963 | $20,342,131,882 | 5.33% |
| 1962 | $18,794,066,990 | 4.26% |
| 1961 | $17,329,620,585 | 5.68% |
| 1960 | $15,930,075,467 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/sweden | CC BY 
Sweden GDP per capita by year
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 2024 | $57,117 | $71,845 |
| 2023 | $54,950 | $69,226 |
| 2022 | $54,837 | $67,076 |
| 2021 | $60,648 | $62,732 |
| 2020 | $52,569 | $57,489 |
| 2019 | $51,649 | $57,046 |
| 2018 | $54,018 | $53,122 |
| 2017 | $53,210 | $51,474 |
| 2016 | $51,704 | $50,290 |
| 2015 | $51,188 | $48,772 |
| 2014 | $59,583 | $46,841 |
| 2013 | $60,844 | $46,098 |
| 2012 | $57,750 | $45,207 |
| 2011 | $60,379 | $44,333 |
| 2010 | $52,543 | $41,951 |
| 2009 | $46,708 | $40,094 |
| 2008 | $55,817 | $41,907 |
| 2007 | $53,568 | $40,813 |
| 2006 | $46,531 | $37,672 |
| 2005 | $43,378 | $34,198 |
| 2004 | $42,758 | $33,805 |
| 2003 | $37,292 | $31,788 |
| 2002 | $29,958 | $30,987 |
| 2001 | $27,259 | $29,946 |
| 2000 | $29,633 | $29,636 |
| 1999 | $30,969 | $27,496 |
| 1998 | $30,605 | $25,897 |
| 1997 | $30,324 | $24,817 |
| 1996 | $33,022 | $23,952 |
| 1995 | $30,254 | $23,084 |
| 1994 | $26,046 | $21,835 |
| 1993 | $24,390 | $20,700 |
| 1992 | $32,753 | $20,767 |
| 1991 | $31,777 | $20,663 |
| 1990 | $30,549 | $20,357 |
| 1989 | $25,625 | - |
| 1988 | $24,499 | - |
| 1987 | $21,761 | - |
| 1986 | $17,955 | - |
| 1985 | $13,647 | - |
| 1984 | $13,080 | - |
| 1983 | $12,590 | - |
| 1982 | $13,719 | - |
| 1981 | $15,564 | - |
| 1980 | $17,073 | - |
| 1979 | $14,856 | - |
| 1978 | $12,602 | - |
| 1977 | $11,432 | - |
| 1976 | $10,853 | - |
| 1975 | $10,103 | - |
| 1974 | $8,078 | - |
| 1973 | $7,291 | - |
| 1972 | $6,018 | - |
| 1971 | $5,125 | - |
| 1970 | $4,729 | - |
| 1969 | $4,263 | - |
| 1968 | $3,953 | - |
| 1967 | $3,746 | - |
| 1966 | $3,478 | - |
| 1965 | $3,228 | - |
| 1964 | $2,961 | - |
| 1963 | $2,675 | - |
| 1962 | $2,485 | - |
| 1961 | $2,304 | - |
| 1960 | $2,128 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/sweden | CC BY
Sweden has a GDP per capita of $57,117, ranking 17/197, a GDP per capita based on purchasing power parity (PPP) of $71,845, ranking 23/197, and a median annual after tax income of $42,066, ranking 16/197.
Sweden GDP rankings by year
| Year | Rank | ||
|---|---|---|---|
| GDP | GDP per capita | GDP per capita, PPP | |
| 2024 | 26 | 14 | 19 |
| 2023 | 25 | 18 | 21 |
| 2022 | 27 | 17 | 20 |
| 2021 | 23 | 14 | 15 |
| 2020 | 24 | 13 | 15 |
| 2019 | 26 | 15 | 19 |
| 2018 | 23 | 14 | 19 |
| 2017 | 23 | 14 | 19 |
| 2016 | 23 | 13 | 18 |
| 2015 | 23 | 14 | 19 |
| 2014 | 21 | 10 | 22 |
| 2013 | 21 | 10 | 21 |
| 2012 | 22 | 10 | 20 |
| 2011 | 22 | 10 | 20 |
| 2010 | 21 | 10 | 20 |
| 2009 | 22 | 15 | 24 |
| 2008 | 22 | 13 | 20 |
| 2007 | 19 | 12 | 20 |
| 2006 | 19 | 12 | 20 |
| 2005 | 19 | 12 | 21 |
| 2004 | 19 | 10 | 19 |
| 2003 | 18 | 11 | 20 |
| 2002 | 19 | 13 | 18 |
| 2001 | 20 | 14 | 19 |
| 2000 | 20 | 12 | 18 |
| 1999 | 19 | 11 | 19 |
| 1998 | 21 | 11 | 19 |
| 1997 | 20 | 10 | 21 |
| 1996 | 19 | 8 | 20 |
| 1995 | 20 | 9 | 20 |
| 1994 | 21 | 10 | 20 |
| 1993 | 21 | 12 | 20 |
| 1992 | 17 | 5 | 18 |
| 1991 | 16 | 5 | 16 |
| 1990 | 17 | 5 | 14 |
| 1989 | 17 | 5 | - |
| 1988 | 16 | 7 | - |
| 1987 | 15 | 8 | - |
| 1986 | 16 | 9 | - |
| 1985 | 16 | 10 | - |
| 1984 | 19 | 11 | - |
| 1983 | 18 | 11 | - |
| 1982 | 19 | 11 | - |
| 1981 | 17 | 10 | - |
| 1980 | 16 | 9 | - |
| 1979 | 15 | 10 | - |
| 1978 | 14 | 9 | - |
| 1977 | 14 | 8 | - |
| 1976 | 14 | 9 | - |
| 1975 | 15 | 9 | - |
| 1974 | 16 | 10 | - |
| 1973 | 14 | 5 | - |
| 1972 | 14 | 3 | - |
| 1971 | 14 | 3 | - |
| 1970 | 14 | 3 | - |
| 1969 | 14 | 2 | - |
| 1968 | 13 | 2 | - |
| 1967 | 13 | 3 | - |
| 1966 | 14 | 3 | - |
| 1965 | 13 | 3 | - |
| 1964 | 12 | 3 | - |
| 1963 | 12 | 3 | - |
| 1962 | 12 | 3 | - |
| 1961 | 12 | 3 | - |
| 1960 | 12 | 5 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/sweden | CC BY
Compared with 2000, in 2024 Sweden is ranked 26th out of 182 by GDP (down from 20th), 14th by GDP per capita (down from 12th), and 19th by GDP per capita PPP (down from 18th).
Economic indicators
Sweden
|
Rank | |
|---|---|---|
| Gross domestic product |
$604B
2024 |
26/197 |
| GDP growth |
0.82%
2023-2024 |
163/194 |
| GDP per capita |
$57,117
2024 |
17/197 |
| GDP per capita, PPP |
$71,845
2024 |
23/197 |
| Government debt |
$199B
2024 |
41/185 |
| Debt-to-GDP ratio |
33%
2024 |
148/185 |
| Government debt per person |
$18,842
2024 |
32/185 |
| Average annual personal income after taxes |
$42,066
2026 |
16/197 |
| Listed domestic companies |
278
2002 |
28/103 |
| Market capitalization of domestic companies |
$290B
2003 |
29/100 |
| Number of millionaires |
490,000
2025 |
17/35 |
| Millionaire frequency |
1 in 17
2025 |
9/35 |
| Number of billionaires |
45
2025 |
14/78 |
| Billionaire frequency |
1 in 181,249
2025 |
7/78 |
| Income share by richest 10% |
22.3%
2023 |
156/169 |
| Income share by poorest 10% |
2.8%
2023 |
89/169 |
| Government expenditure, % of GDP |
49.3%
2024 |
20/195 |
| Consumer prices inflation |
2.84%
2023-2024 |
112/195 |
| Central bank interest rate |
1.75%
2025 |
99/106 |
| Unemployment rate |
8.31%
2024 |
51/196 |
| Population |
10680056
|
93/197 |
Government spending, deficit, and debt by year
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 2024 | 49.3% | 33% | -1.72% |
| 2023 | 48.9% | 31.8% | -0.63% |
| 2022 | 48.3% | 33.9% | 1% |
| 2021 | 49.3% | 37% | -0.15% |
| 2020 | 52% | 40.2% | -3.18% |
| 2019 | 48.8% | 35.8% | 0.44% |
| 2018 | 49.8% | 39.9% | 0.67% |
| 2017 | 49.2% | 41.6% | 1.29% |
| 2016 | 49.5% | 42.9% | 0.86% |
| 2015 | 49.4% | 44.5% | -0.27% |
| 2014 | 50.7% | 45.7% | -1.84% |
| 2013 | 51.4% | 40.8% | -1.63% |
| 2012 | 50.2% | 38% | -1.19% |
| 2011 | 49.1% | 37.7% | -0.41% |
| 2010 | 49.7% | 38.6% | -0.14% |
| 2009 | 51.7% | 41.2% | -0.89% |
| 2008 | 49.4% | 38% | 1.87% |
| 2007 | 48.5% | 39.2% | 3.37% |
| 2006 | 50.1% | 43.8% | 2.2% |
| 2005 | 51.2% | 48.9% | 2.08% |
| 2004 | 51.7% | 48.7% | 0.17% |
| 2003 | 53% | 49.4% | -1.25% |
| 2002 | 52.7% | 49.8% | -1.46% |
| 2001 | 51.7% | 52% | 1.37% |
| 2000 | 52.2% | 50.4% | 3.11% |
| 1999 | 55.2% | 60.3% | 0.6% |
| 1998 | 55.6% | 65.4% | 0.82% |
| 1997 | 57.9% | 67.7% | -1.57% |
| 1996 | 60% | 68.9% | -3.11% |
| 1995 | 62.1% | 68.7% | -7.01% |
| 1994 | 65.3% | 68.6% | -8.77% |
| 1993 | 67.9% | 66.1% | -10.9% |
| 1992 | 66.5% | 45.7% | -8.51% |
| 1991 | 61.2% | 40.2% | 0.28% |
| 1990 | 57.5% | 40.3% | 3.7% |
| 1989 | 35.8% | 44.8% | 1.5% |
| 1988 | 37.9% | 50.3% | -0.64% |
| 1987 | 40.9% | 56% | -2% |
| 1986 | 42.1% | 59.5% | -6.21% |
| 1985 | 47.6% | 61.2% | -9.91% |
| 1984 | 46.7% | 57.5% | -12.1% |
| 1983 | 48.6% | 54.5% | -15.1% |
| 1982 | 46.4% | 47.9% | -13.4% |
| 1981 | 46.1% | 41.5% | -12.8% |
| 1980 | 41% | 34.4% | -11.5% |
| 1979 | 39.9% | 28.3% | -9.95% |
| 1978 | 39.1% | 24% | -7.32% |
| 1977 | 35.7% | 21% | -3.32% |
| 1976 | 32.3% | 19% | -1.27% |
| 1975 | 30.6% | 19.9% | -4.05% |
| 1974 | 30.1% | 19.4% | -4.12% |
| 1973 | 31.1% | 18% | -3.28% |
| 1972 | 31.9% | 17.2% | -2.17% |
| 1971 | 29.8% | 16.9% | -1.67% |
| 1970 | 29.5% | 16.9% | -2.64% |
| 1969 | 28.7% | 17.6% | -2.03% |
| 1968 | 28.3% | 17.6% | -2.37% |
| 1967 | 27.7% | 16.1% | -1.41% |
| 1966 | 26.5% | 15.3% | -0.33% |
| 1965 | 24.6% | 17% | -0.17% |
| 1964 | 23.4% | 18.7% | -0.1% |
| 1963 | 24.4% | 20.7% | 0.41% |
| 1962 | 23.4% | 23% | 0.7% |
| 1961 | 23.7% | 26% | 0.56% |
| 1960 | 24.4% | 28.6% | -2.67% |
| 1959 | 24.3% | 29% | -2.53% |
| 1958 | 24% | 29.5% | -2.31% |
| 1957 | 22.3% | 28.5% | -2.1% |
| 1956 | 21.6% | 28% | -1.21% |
| 1955 | 21.2% | 29% | -1.72% |
| 1954 | 21.5% | 28.7% | -1.52% |
| 1953 | 21.9% | 28.2% | -2.47% |
| 1952 | 19.2% | 28.5% | -0.16% |
| 1951 | 17% | 31.4% | -0.9% |
| 1950 | 18.3% | 37.6% | -1.64% |
| 1949 | 19.5% | 40.5% | -0.74% |
| 1948 | 17.2% | 41.6% | 0.29% |
| 1947 | 16.6% | 45.7% | -1.08% |
| 1946 | 17.7% | 49.3% | -0.61% |
| 1945 | 26% | 52.9% | -8.04% |
| 1944 | 26.4% | 51.3% | -8.66% |
| 1943 | 26.8% | 48.1% | -10.7% |
| 1942 | 26.4% | 41.2% | -11.8% |
| 1941 | 27.4% | 33.1% | -13.1% |
| 1940 | 22.7% | 25.8% | -8.16% |
| 1939 | 13.1% | 20.6% | -1.13% |
| 1938 | 11.8% | 20.7% | -0.07% |
| 1937 | 10.4% | 20.1% | 0.46% |
| 1936 | 10.9% | 23.5% | -0.64% |
| 1935 | 12.1% | 26.5% | -2.19% |
| 1934 | 11.1% | 27% | -1.88% |
| 1933 | 13.6% | 29.6% | -4.1% |
| 1932 | 11.2% | 26.9% | -1.56% |
| 1931 | 9.61% | 21.6% | -0.05% |
| 1930 | 8.73% | 18.4% | 0.09% |
| 1929 | 8.69% | 19% | -0.39% |
| 1928 | 8.5% | 20.1% | -0.06% |
| 1927 | 9.45% | 20.3% | -1.14% |
| 1926 | 9.24% | 20% | -1.11% |
| 1925 | 9.48% | 20.4% | -1.44% |
| 1924 | 9.58% | 20.7% | -0.99% |
| 1923 | 5.32% | 20.4% | -1.65% |
| 1922 | 11.6% | 20.3% | -3.17% |
| 1921 | 12% | 16% | -3.55% |
| 1920 | 7.63% | 12.1% | -0.6% |
| 1919 | 7.91% | 14.7% | 0.17% |
| 1918 | 18.2% | 18.2% | -8.59% |
| 1917 | 9.98% | 16.3% | -0.26% |
| 1916 | 7.79% | 16.7% | -0.23% |
| 1915 | 9.31% | 18.1% | -0.94% |
| 1914 | 6.94% | 3.63% | -0.55% |
| 1913 | 6.68% | 16.5% | -0.17% |
| 1912 | 7.13% | 16.8% | -0.51% |
| 1911 | 8.32% | 18.1% | -0.87% |
| 1910 | 8.48% | 16.5% | -0.81% |
| 1909 | 9.4% | 18.1% | -2.08% |
| 1908 | 9.11% | 17.1% | -2.27% |
| 1907 | 7.84% | 15.7% | -0.68% |
| 1906 | 7.79% | 15.3% | -0.66% |
| 1905 | 8.55% | 16.6% | -0.34% |
| 1904 | 8.57% | 16.3% | -0.56% |
| 1903 | 7.95% | 14.9% | 0.08% |
| 1902 | 8.45% | 16.2% | -1.57% |
| 1901 | 7.96% | 16.2% | -1.34% |
| 1900 | 7.23% | 15.3% | -0.32% |
| 1899 | 6.62% | 14.8% | 0.57% |
| 1898 | 6.36% | 14.5% | 0.91% |
| 1897 | 6.42% | 16% | 1.09% |
| 1896 | 7.88% | 17.4% | -0.59% |
| 1895 | 6.5% | 17.9% | 1% |
| 1894 | 7.09% | 19.5% | 0.47% |
| 1893 | 7.07% | 18.4% | -0.49% |
| 1892 | 6.95% | 17.9% | -0.68% |
| 1891 | 7.15% | 17.6% | -0.6% |
| 1890 | 6.84% | 18.2% | 0.33% |
| 1889 | 6.87% | 18.9% | 0.19% |
| 1888 | 7.23% | 20.7% | -0.05% |
| 1887 | 8.01% | 20.2% | -1.5% |
| 1886 | 7.64% | 19.3% | -0.98% |
| 1885 | 6.6% | 18.3% | -0.08% |
| 1884 | 6.28% | 16.8% | 0.24% |
| 1883 | 6.13% | 16.4% | 0.16% |
| 1882 | 6.02% | 17.2% | 0.36% |
| 1881 | 6.63% | 17.3% | -0.17% |
| 1880 | 6.77% | 17.8% | -0.47% |
| 1879 | 7.65% | 17.5% | -1.89% |
| 1878 | 8.26% | 16.7% | -2.04% |
| 1877 | 7.09% | 12.9% | -1.21% |
| 1876 | 6.91% | 12.2% | -1.07% |
| 1875 | 7.04% | 10.3% | -1.26% |
| 1874 | 6.75% | 9.26% | -1.05% |
| 1873 | 5.38% | 9.25% | 0.06% |
| 1872 | 5.62% | 11% | -0.15% |
| 1871 | 5.73% | 12.3% | 0.22% |
| 1870 | 5.96% | 12.7% | -0.42% |
| 1869 | 6.05% | 13.1% | -1.52% |
| 1868 | 6.38% | 13.3% | -1.67% |
| 1867 | 5.9% | 11.6% | -1.17% |
| 1866 | 7.99% | 11.1% | -3.01% |
| 1865 | 7.31% | 9.42% | -2.02% |
| 1864 | 7.44% | 8.23% | -2.3% |
| 1863 | 6.61% | 6.56% | -1.58% |
| 1862 | 6.14% | 6.46% | -1.35% |
| 1861 | 5.92% | 7.24% | -1.11% |
| 1860 | 6.52% | 6.41% | -2.03% |
| 1859 | 6.59% | 3.9% | -2.17% |
| 1858 | 6.65% | 3.12% | -2.36% |
| 1857 | 4.95% | 1.62% | -0.62% |
| 1856 | 4.88% | 2.13% | -0.08% |
| 1855 | 4.85% | 1.73% | -0.09% |
| 1854 | 5.06% | 2.31% | -0.19% |
| 1853 | 4.95% | 2.04% | 0.17% |
| 1852 | 5.49% | 2.56% | -0.31% |
| 1851 | 5.46% | 2.76% | -0.07% |
| 1850 | 5.09% | 2.36% | 0.004% |
| 1849 | 5.37% | 2.66% | 0.09% |
| 1848 | 5.11% | 2.7% | 0.12% |
| 1847 | 5.15% | 2.4% | 0.08% |
| 1846 | 5.38% | 2.26% | 0.13% |
| 1845 | 5.44% | 2.36% | 0.04% |
| 1844 | 4.95% | 2.25% | 0.009% |
| 1843 | 5.32% | 2.56% | 0.05% |
| 1842 | 5.65% | 2.91% | -0.12% |
| 1841 | 5.74% | 2.63% | 0.06% |
| 1840 | 5.72% | 2.14% | -0.01% |
| 1839 | 5.77% | 2.22% | -0.006% |
| 1838 | 6.3% | 2.86% | 0.09% |
| 1837 | 6.67% | 3.05% | -0.38% |
| 1836 | 6.1% | 3.58% | -0.08% |
| 1835 | 5.73% | 3.87% | 0.08% |
| 1834 | 6% | 3.99% | -0.12% |
| 1833 | 5.9% | 3.96% | 0.09% |
| 1832 | 5.96% | 3.95% | 0.01% |
| 1831 | 6.38% | 4.1% | -0.1% |
| 1830 | 6.84% | 3.86% | -0.45% |
| 1829 | 4.07% | 3.43% | 2.7% |
| 1828 | 5.63% | 5.44% | 0.03% |
| 1827 | 5.85% | 5.26% | -0.16% |
| 1826 | 5.99% | 5.78% | 0.37% |
| 1825 | 5.63% | 6.27% | 0.18% |
| 1824 | 6.14% | 6.54% | -0.23% |
| 1823 | 5.53% | 6.8% | 0.37% |
| 1822 | 6.06% | 9.2% | -0.03% |
| 1821 | 6.32% | 9.21% | -0.49% |
| 1820 | 5.36% | 9.04% | 0.26% |
| 1819 | 5.88% | 8.94% | 0.09% |
| 1818 | 5.69% | 9.38% | 0.35% |
| 1817 | 5.27% | 10.3% | 0.35% |
| 1816 | 5.7% | 10.9% | 0.16% |
| 1815 | 5.21% | 11.5% | 2.34% |
| 1814 | 12.4% | 14% | -0.45% |
| 1813 | 13% | 13.6% | -0.37% |
| 1812 | 5.01% | 14.5% | 3.47% |
| 1811 | 7% | 21.7% | -0.48% |
| 1810 | 9.61% | 24.2% | -3.05% |
| 1809 | 12.6% | 21.9% | -7.65% |
| 1808 | 15.6% | 18% | -5.04% |
| 1807 | 6.77% | 19.6% | 0.1% |
| 1806 | 7.05% | 22.3% | 0.55% |
| 1805 | 7.66% | 26.7% | 0.52% |
| 1804 | 8.15% | 33.4% | -0.25% |
| 1803 | 7.12% | 33.9% | 11.6% |
| 1802 | 5.28% | 33.8% | 2.17% |
| 1801 | 5.45% | 34.3% | 0.01% |
| 1800 | 6.34% | 34.3% | -0.44% |
Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1800–1992, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).
GeoRank.org/economy/sweden | CC BY
This chart shows Sweden's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 50 years, Sweden recorded a fiscal deficit in 33 of them, with an average annual deficit equal to 2.78% of GDP. In 2024, government spending reached $298B (49.3% of GDP), with a deficit of 1.72%.
The national debt reached $199B, ranking 41st out of 185 countries by total size, with a debt-to-GDP ratio of 33%, ranking 148th.
Inflation rate by year
| Year | Inflation |
|---|---|
| 2024 | 2.84% |
| 2023 | 8.55% |
| 2022 | 8.37% |
| 2021 | 2.16% |
| 2020 | 0.5% |
| 2019 | 1.78% |
| 2018 | 1.95% |
| 2017 | 1.79% |
| 2016 | 0.98% |
| 2015 | -0.05% |
| 2014 | -0.18% |
| 2013 | -0.04% |
| 2012 | 0.89% |
| 2011 | 2.96% |
| 2010 | 1.16% |
| 2009 | -0.49% |
| 2008 | 3.44% |
| 2007 | 2.21% |
| 2006 | 1.36% |
| 2005 | 0.45% |
| 2004 | 0.37% |
| 2003 | 1.93% |
| 2002 | 2.16% |
| 2001 | 2.41% |
| 2000 | 0.9% |
| 1999 | 0.46% |
| 1998 | -0.27% |
| 1997 | 0.66% |
| 1996 | 0.53% |
| 1995 | 2.46% |
| 1994 | 2.16% |
| 1993 | 4.73% |
| 1992 | 2.37% |
| 1991 | 9.44% |
| 1990 | 10.4% |
| 1989 | 6.44% |
| 1988 | 5.82% |
| 1987 | 4.19% |
| 1986 | 4.24% |
| 1985 | 7.37% |
| 1984 | 8.04% |
| 1983 | 8.87% |
| 1982 | 8.59% |
| 1981 | 12.1% |
| 1980 | 13.7% |
| 1979 | 7.21% |
| 1978 | 10% |
| 1977 | 11.4% |
| 1976 | 10.2% |
| 1975 | 9.78% |
| 1974 | 9.91% |
| 1973 | 6.72% |
| 1972 | 6.01% |
| 1971 | 7.4% |
| 1970 | 7.02% |
| 1969 | 2.69% |
| 1968 | 1.94% |
| 1967 | 4.29% |
| 1966 | 6.4% |
| 1965 | 5.01% |
| 1964 | 3.39% |
| 1963 | 2.87% |
| 1962 | 4.77% |
| 1961 | 2.16% |
| 1960 | 4.14% |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/sweden | CC BY
Over the past 20 years, Sweden has had an average annual inflation rate of 2.03%. In 2024, inflation was 2.84%. The bar chart above shows consumer price inflation by year.
Balance of trade
|
Sweden
|
Rank | |
|---|---|---|
|
Current account balance
|
$35.8B
2024 |
17/190 |
| Current account balance, % of GDP |
+5.92%
2024 |
26/190 |
| Goods imports |
$188B
2024 |
29/189 |
| Goods exports |
$218B
2024 |
29/189 |
| Service imports |
$126B
2024 |
16/189 |
| Service exports |
$116B
2024 |
21/189 |
| Imports of goods and services, % of GDP |
51.6%
2024 |
76/181 |
| Exports of goods and services, % of GDP |
54.3%
2024 |
49/193 |
Sweden top 10 trading partners
Sweden's biggest trading partner accounting for 11.4% of all exports and imports is Germany, with a trade balance between the two of -$12.9B: Sweden exports $26.9B worth of goods and services to Germany and imports $39.8B.
Below is the list of the top 10 trade partners of Sweden.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
Germany
|
$66.7B | 11.4% | $26.9B | $39.8B | Machinery & equipment | Machinery & equipment |
| 2 |
United States
|
$52.9B | 9.07% | $30.9B | $22.1B | Machinery & equipment | Business & finance services |
| 3 |
Norway
|
$50.2B | 8.59% | $27.9B | $22.2B | Machinery & equipment | Raw materials & minerals |
| 4 |
United Kingdom
|
$43.7B | 7.49% | $21.7B | $22B | Business & finance services | IT & IP services |
| 5 |
Netherlands
|
$41.7B | 7.14% | $14.4B | $27.2B | Machinery & equipment | Machinery & equipment |
| 6 |
Denmark
|
$38.9B | 6.67% | $19.7B | $19.2B | Machinery & equipment | Transport & tourism services |
| 7 |
Finland
|
$32.5B | 5.57% | $18.9B | $13.6B | Machinery & equipment | Raw materials & minerals |
| 8 |
China
|
$23.9B | 4.1% | $9.44B | $14.5B | Machinery & equipment | Machinery & equipment |
| 9 |
France
|
$23.5B | 4.02% | $12.7B | $10.7B | Machinery & equipment | Machinery & equipment |
| 10 |
Belgium
|
$21.7B | 3.72% | $10.7B | $11B | Machinery & equipment | Machinery & equipment |
Top 10 exports
|
Sweden
|
Rank | |
|---|---|---|
| Machinery & equipment | $78.9B | 25/193 |
| Business & finance services | $35.7B | 17/188 |
| IT & IP services | $31.4B | 11/183 |
| Transport & tourism services | $30.9B | 25/188 |
| Chemicals & pharma | $28.2B | 22/193 |
| Raw materials & minerals | $20B | 43/193 |
| Metals | $17.5B | 26/192 |
| Wood & paper products | $17.3B | 5/192 |
| Textiles & consumer goods | $10.1B | 29/193 |
| Miscellaneous | $8.47B | 15/191 |
Top 10 imports
|
Sweden
|
Rank | |
|---|---|---|
| Machinery & equipment | $74.3B | 29/193 |
| Business & finance services | $44.6B | 14/188 |
| IT & IP services | $31B | 11/182 |
| Transport & tourism services | $30.3B | 26/188 |
| Raw materials & minerals | $27.4B | 25/193 |
| Chemicals & pharma | $21B | 33/193 |
| Textiles & consumer goods | $14.5B | 26/193 |
| Metals | $14.3B | 27/193 |
| Processed food, beverages & tobacco | $9.76B | 26/193 |
| Miscellaneous | $9.6B | 13/193 |
Economic freedom indices
|
Sweden
|
Rank | |
|---|---|---|
| Economic freedom | 77.8 | 14/197 |
| Property rights | 96.2 | 5/182 |
| Government integrity | 91.6 | 5/182 |
| Judicial effectiveness | 95.6 | 10/182 |
| Tax burden | 51.6 | 178/182 |
| Government spending | 28.4 | 165/180 |
| Fiscal health | 97.5 | 14/181 |
| Business freedom | 84.8 | 13/182 |
| Labor freedom | 65.8 | 20/182 |
| Monetary freedom | 78.1 | 37/180 |
| Trade freedom | 79.4 | 56/181 |
| Investment freedom | 85 | 10/181 |
| Financial freedom | 80 | 13/181 |
Economic freedom by year
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 2026 | 77.8 | 95.6 | 51.6 | 28.4 | 97.5 |
| 2025 | 77.9 | 95.6 | 51.6 | 31.5 | 97.3 |
| 2024 | 77.5 | 95.4 | 50.6 | 28.5 | 97.1 |
| 2023 | 77.5 | 95.7 | 45.1 | 26.2 | 96.2 |
| 2022 | 77.9 | 97.1 | 44.9 | 26.4 | 95.8 |
| 2021 | 74.7 | 79.1 | 43.6 | 29.5 | 97.6 |
| 2020 | 74.9 | 79.9 | 43.6 | 25.8 | 97 |
| 2019 | 75.2 | 84 | 43.2 | 26.7 | 96.6 |
| 2018 | 76.3 | 88.2 | 43.9 | 23.2 | 96.1 |
| 2017 | 74.9 | 82.2 | 44.4 | 21.7 | 93.4 |
| 2016 | 72 | - | 44.4 | 14.9 | - |
| 2015 | 72.7 | - | 43 | 19.2 | - |
| 2014 | 73.1 | - | 42.9 | 21.4 | - |
| 2013 | 72.9 | - | 39.6 | 21 | - |
| 2012 | 71.7 | - | 39.1 | 8.8 | - |
| 2011 | 71.9 | - | 37.6 | 17.3 | - |
| 2010 | 72.4 | - | 36.7 | 17.3 | - |
| 2009 | 70.5 | - | 35 | 7.3 | - |
| 2008 | 70.8 | - | 32.7 | 3.9 | - |
| 2007 | 69.3 | - | 33.1 | 3.6 | - |
| 2006 | 70.9 | - | 33.2 | 2.2 | - |
| 2005 | 69.8 | - | 33.7 | 0 | - |
| 2004 | 70.1 | - | 32 | 0 | - |
| 2003 | 70 | - | 29.8 | 2.9 | - |
| 2002 | 70.8 | - | 31.4 | 2.5 | - |
| 2001 | 66.6 | - | 33.7 | 2.5 | - |
| 2000 | 65.1 | - | 34.1 | 0 | - |
| 1999 | 64.2 | - | 35.4 | 0 | - |
| 1998 | 64 | - | 37.3 | 0 | - |
| 1997 | 63.3 | - | 39.5 | 0 | - |
| 1996 | 61.8 | - | 45.2 | 0 | - |
| 1995 | 61.4 | - | 44 | 0 | - |
Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).
GeoRank.org/economy/sweden | CC BY
Sweden is ranked 12/174 for economic freedom with a score of 77.8, compared to 24/162 and a score of 70.9 in 2006.
Other economic metrics
|
Sweden
|
Rank | |
|---|---|---|
| Services, % of GDP |
66.4%
2024 |
36/191 |
| Industry, % of GDP |
21.7%
2024 |
120/194 |
| Agriculture, forestry, and fishing, % of GDP |
1.42%
2024 |
162/193 |
|
GNI, Atlas method
|
$615B
2024 |
25/194 |
| GNI per capita, PPP |
$75,000
2024 |
15/191 |
| Total reserves including gold |
$62.6B
2024 |
37/177 |
|
Net foreign direct investment
|
$2.08B
2024 |
23/189 |
|
Net inflows of foreign direct investment
|
$27B
2024 |
16/193 |
|
Net outflows of foreign direct investment
|
$29.6B
2024 |
16/193 |
| Poverty at national poverty lines |
16.1%
2022 |
124/176 |
|
Gross capital formation, % of GDP
|
25.4%
2024 |
65/178 |
Compare Sweden vs other countries
GDP per capita map
Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).
GeoRank.org/economy/sweden | CC BY
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Data sources:
- World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
- International Monetary Fund (IMF) | Public Finances in Modern History (1800–1992, retrieved 2026-02-20)
- International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
- The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
- U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
- TradeMap (2023–2024, retrieved 2026-02-08)
- United Nations | World Population Prospects (2026, retrieved 2026-03-10)
- LivingCost (2026, retrieved 2025-10-14)
Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.