Einar H. Dyvik
Research expert covering Nordics and global data for society, economy, and politics
Get in touch with us nowIn the second quarter of 2020, after the outbreak of COVID-19, the quarterly growth rate of the gross domestic product (GDP) in Sweden fell by almost eight percent compared to the same quarter in 2019. The growth rate kept decreasing until the first quarter of 2021. In the second quarter of 2021, the quarterly GDP growth rate in Sweden was positive for the first time since the outbreak of COVID-19, and continued to be so until the final quarter of 2022, when it decreased by 0.5 percent compared to the same quarter in 2021 due to the high inflation rates in the country. The GDP of Sweden decreased through the last three quarters of 2023.
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