Sweden GDP 1Q2014

by Eduardo Petazze
In the first quarter of 2014, GDP in Sweden increased by 1.86% Y/Y (-0.04% Q/Q, SA) from a growth of 3.11% (+1.38% Q/Q, SA own
estimate) in 4Q2013
The number of employed in the whole economy grew by 1.0% and hours worked increased by 2.3%
By 2014 it is estimated a growth of 1.73%, from +1.64% growth in 2013
Statistics Sweden (SCB) release its estimate of the GDP for the 1st. Quarter 2014
(press release in Swedish)

Summary
Gross data
Million (2013) SEK, NSA
Agriculture, forestry and fishing
Mining
Manufacturing
Electricity, gas,
Construction
Wholesale and retail trade
Transport and storage
Hotels and restaurants
Information and communication
Financial and insurance
Real estate
Professional, scientific, technical and admin.
Education
Human health
Residential care and social work
Personal and art
NPISH
Government
Taxes on products
Subsidies on products
Residual
GDP
Final consumption expenditure
Household and NPISH consumption expenditure
Government final consumption expenditure
Residual
Gross capital formation
Gross fixed capital formation
Inventories and residual
Exports of goods and services
Imports of goods and services
Residual
Y/Y
Agriculture, forestry and fishing
Mining
Manufacturing
Electricity, gas,
Construction
Wholesale and retail trade
Transport and storage
Hotels and restaurants
Information and communication
Financial and insurance
Real estate
Professional, scientific, technical and admin.
Education
Human health
Residential care and social work
Personal and art
NPISH
Government
Taxes on products
Subsidies on products
GDP
Final consumption expenditure
Household and NPISH consumption expenditure
Government final consumption expenditure
Gross capital formation
Gross fixed capital formation
Inventories and residual
Exports of goods and services
Imports of goods and services
Last data
Own estimate

2013K1
12,830
6,816
117,698
32,565
37,736
84,738
34,471
12,134
39,955
38,548
67,860
77,592
9,251
12,763
9,956
11,727
10,745
174,124
108,550
4,708
0
895,351
680,478
429,726
250,752
0
163,237
146,997
16,240
402,586
350,950
0
2013K1
1.20%
-8.79%
-3.04%
4.60%
-1.48%
0.89%
-0.87%
2.58%
0.54%
10.16%
2.42%
4.44%
7.11%
6.66%
8.02%
3.21%
0.25%
-1.56%
2.60%
-0.88%
0.91%
1.31%
1.97%
0.10%
-3.29%
-7.54%

2013K2
13,573
5,062
118,345
24,876
45,874
91,231
38,410
13,465
43,433
40,045
77,116
83,810
9,063
13,323
10,919
13,352
12,746
167,332
114,814
4,688
0
932,101
706,645
450,445
256,200
0
171,741
181,423
-9,682
424,984
371,269
0
2013K2
5.20%
-0.71%
-2.29%
-3.77%
2.98%
3.13%
0.31%
3.30%
-1.50%
0.06%
2.46%
2.10%
10.42%
4.88%
5.25%
5.23%
-2.36%
1.59%
2.89%
-0.36%
1.45%
2.30%
2.11%
2.65%
-0.76%
-1.34%

2013K3
11,384
5,135
120,147
20,296
39,672
85,138
36,725
12,154
40,989
39,695
73,765
67,669
8,733
11,305
11,686
12,780
11,012
133,425
114,231
4,637
0
851,304
643,978
432,354
211,624
0
156,743
156,523
220
407,621
357,038
0
2013K3
3.59%
5.75%
-3.77%
-3.96%
4.02%
1.71%
-0.60%
3.29%
1.05%
2.84%
2.19%
2.69%
3.29%
3.18%
7.65%
7.00%
0.77%
0.45%
2.53%
-3.42%
0.99%
1.86%
2.04%
1.85%
-1.80%
3.94%

2013K4
10,555
5,030
117,325
27,683
48,661
97,068
41,285
12,583
46,946
38,650
75,584
86,195
8,734
14,087
12,803
13,759
12,080
170,297
127,768
4,873
0
962,220
732,551
452,801
279,750
0
178,746
183,411
-4,665
432,995
382,072
0
2013K4
2.45%
2.24%
3.10%
-3.58%
5.90%
3.70%
1.23%
5.39%
2.32%
10.44%
4.33%
3.92%
7.01%
6.37%
7.92%
6.56%
-1.88%
0.98%
2.50%
6.58%
3.11%
2.53%
2.04%
3.17%
4.94%
0.43%

2014K1
12,992
7,293
114,012
32,582
41,305
88,345
34,701
12,555
41,015
39,201
70,959
79,746
10,050
12,975
10,550
12,386
11,115
176,194
108,730
4,695
0
912,011
692,901
438,755
254,146
0
173,518
158,368
15,150
414,681
369,089
0
2014K1
1.26%
7.00%
-3.13%
0.05%
9.46%
4.26%
0.67%
3.47%
2.65%
1.69%
4.57%
2.78%
8.64%
1.66%
5.97%
5.62%
3.44%
1.19%
0.17%
-0.28%
1.86%
1.83%
2.10%
1.35%
6.30%
7.74%

2014K2
13,730
5,307
115,372
24,989
48,704
93,946
38,520
13,878
44,345
41,808
79,881
86,445
9,633
13,822
11,645
13,979
13,037
168,094
116,977
4,701
-784
948,627
719,199
459,560
259,650
-11
176,906
188,313
-11,407
431,050
378,691
162
2014K2
1.15%
4.83%
-2.51%
0.45%
6.17%
2.98%
0.29%
3.07%
2.10%
4.40%
3.59%
3.14%
6.29%
3.74%
6.65%
4.70%
2.28%
0.46%
1.88%
0.28%
1.77%
1.78%
2.02%
1.35%
3.01%
3.80%

2014K3
11,661
5,260
117,475
20,403
42,214
87,989
36,868
12,621
41,583
41,172
76,445
70,111
9,444
11,680
12,321
13,313
11,091
134,411
115,235
4,672
363
866,989
656,326
441,470
214,763
93
161,798
160,608
1,190
412,883
364,230
211
2014K3
2.43%
2.44%
-2.22%
0.53%
6.41%
3.35%
0.39%
3.84%
1.45%
3.72%
3.63%
3.61%
8.15%
3.32%
5.43%
4.17%
0.72%
0.74%
0.88%
0.75%
1.84%
1.92%
2.11%
1.48%
3.23%
2.61%

2014K4
10,839
5,253
113,935
27,690
51,044
100,110
41,185
12,990
47,454
39,701
77,669
88,513
9,437
14,675
13,514
14,524
12,206
171,426
129,434
4,809
-557
976,233
746,043
462,265
283,964
-186
181,291
188,858
-7,567
437,023
387,890
-234
2014K4
2.69%
4.43%
-2.89%
0.03%
4.90%
3.13%
-0.24%
3.24%
1.08%
2.72%
2.76%
2.69%
8.04%
4.17%
5.55%
5.56%
1.04%
0.66%
1.30%
-1.31%
1.46%
1.84%
2.09%
1.51%
1.42%
2.97%

-2.59%
-4.19%

-0.75%
-0.58%

-0.16%
-0.13%

1.87%
1.58%

3.00%
5.17%

1.43%
2.00%

1.29%
2.01%

0.93%
1.52%

2013K1
11,922
5,280
119,027
26,872
41,445
88,095
37,600
12,378
42,500
39,418
72,434
78,311
8,708
12,786
11,065
12,583
11,604
159,694
116,036
4,704
-201
902,852
684,870
438,118
246,670
82
164,110
160,587
3,523
411,289
357,511
95
2013K1
0.79%
-3.68%
1.71%
-1.06%
-0.86%
0.73%
-0.13%
1.57%
0.46%
5.26%
0.29%
1.75%
2.03%
4.20%
2.80%
2.06%
-2.66%
-0.33%
1.28%
1.63%
0.80%
0.74%
0.54%
0.99%
-0.49%
-5.21%
-1.20%
-2.15%

2013K2
12,195
5,474
118,150
26,239
42,954
89,810
37,759
12,545
42,358
38,014
73,194
78,242
9,081
12,731
11,102
12,825
11,532
162,081
115,355
4,695
643
907,587
690,111
440,643
249,411
57
167,683
166,867
816
416,823
366,878
-152
2013K2
2.29%
3.67%
-0.74%
-2.35%
3.64%
1.95%
0.42%
1.35%
-0.33%
-3.56%
1.05%
-0.09%
4.28%
-0.43%
0.33%
1.92%
-0.62%
1.49%
-0.59%
-0.18%
0.52%
0.77%
0.58%
1.11%
2.18%
3.91%
1.35%
2.62%

2013K3
12,117
5,700
116,736
26,134
43,255
89,609
37,548
12,581
42,997
38,846
73,534
78,706
8,899
12,895
11,498
13,111
11,778
161,457
116,797
4,628
-568
909,003
691,951
442,307
250,106
-462
166,175
171,372
-5,197
417,808
366,670
-261
2013K3
-0.64%
4.13%
-1.20%
-0.40%
0.70%
-0.22%
-0.56%
0.29%
1.51%
2.19%
0.47%
0.59%
-2.00%
1.29%
3.57%
2.24%
2.13%
-0.38%
1.25%
-1.43%
0.16%
0.27%
0.38%
0.28%
-0.90%
2.70%
0.24%
-0.06%

2013K4
12,108
5,590
119,602
26,176
44,289
90,662
37,985
12,833
43,468
40,659
75,164
80,007
9,092
13,066
11,698
13,099
11,668
161,947
117,175
4,879
126
921,534
696,720
444,258
252,140
322
172,499
169,528
2,972
422,266
370,270
318
2013K4
-0.08%
-1.93%
2.46%
0.16%
2.39%
1.17%
1.16%
2.00%
1.10%
4.67%
2.22%
1.65%
2.16%
1.32%
1.74%
-0.09%
-0.93%
0.30%
0.32%
5.42%
1.38%
0.69%
0.44%
0.81%
3.81%
-1.08%
1.07%
0.98%

2014K1
12,147
5,825
115,598
26,608
45,802
92,133
37,874
12,845
43,585
39,770
75,575
80,499
9,459
13,030
11,672
13,315
11,942
162,163
116,467
4,689
-442
921,177
698,501
447,695
250,792
13
174,695
175,410
-715
425,120
377,287
148
2014K1
0.33%
4.20%
-3.35%
1.65%
3.42%
1.62%
-0.29%
0.10%
0.27%
-2.19%
0.55%
0.61%
4.04%
-0.27%
-0.23%
1.65%
2.34%
0.13%
-0.60%
-3.89%
-0.04%
0.26%
0.77%
-0.53%
1.27%
3.47%
0.68%
1.90%

2014K2
12,304
5,727
115,316
26,566
45,543
92,439
37,779
12,968
43,414
40,025
75,847
80,846
9,641
13,176
11,872
13,438
11,798
162,440
116,715
4,705
76
923,227
701,706
449,532
252,130
44
172,944
173,024
-80
423,332
374,756
2
2014K2
1.29%
-1.69%
-0.24%
-0.16%
-0.57%
0.33%
-0.25%
0.96%
-0.39%
0.64%
0.36%
0.43%
1.92%
1.12%
1.71%
0.93%
-1.20%
0.17%
0.21%
0.33%
0.22%
0.46%
0.41%
0.53%
-1.00%
-1.36%
-0.42%
-0.67%

2014K3
12,360
5,789
114,791
26,323
45,702
92,756
37,713
13,043
43,558
40,552
76,243
81,376
9,695
13,453
12,146
13,697
11,851
162,661
118,236
4,697
-427
926,820
705,656
451,548
254,274
-167
171,868
173,808
-1,940
422,825
373,389
-140
2014K3
0.45%
1.09%
-0.46%
-0.92%
0.35%
0.34%
-0.17%
0.58%
0.33%
1.32%
0.52%
0.65%
0.56%
2.10%
2.31%
1.92%
0.44%
0.14%
1.30%
-0.17%
0.39%
0.56%
0.45%
0.85%
-0.62%
0.45%
-0.12%
-0.36%

2014K4
12,410
5,772
115,089
26,167
46,221
93,062
37,908
13,188
43,840
41,535
77,288
82,096
9,768
13,493
12,340
13,753
11,858
162,861
118,958
4,787
-185
932,635
708,607
453,276
255,326
5
174,006
173,905
101
424,361
374,467
128
2014K4
0.40%
-0.30%
0.26%
-0.59%
1.14%
0.33%
0.51%
1.12%
0.65%
2.42%
1.37%
0.88%
0.76%
0.29%
1.60%
0.41%
0.06%
0.12%
0.61%
1.92%
0.63%
0.42%
0.38%
0.41%
1.24%
0.06%
0.36%
0.29%

Seasonally adjusted data (own estimate)

Million (2013) SEK, SA
Agriculture, forestry and fishing
Mining
Manufacturing
Electricity, gas,
Construction
Wholesale and retail trade
Transport and storage
Hotels and restaurants
Information and communication
Financial and insurance
Real estate
Professional, scientific, technical and admin.
Education
Human health
Residential care and social work
Personal and art
NPISH
Government
Taxes on products
Subsidies on products
Residual
GDP
Final consumption expenditure
Household and NPISH consumption expenditure
Government final consumption expenditure
Residual
Gross capital formation
Gross fixed capital formation
Inventories and residual
Exports of goods and services
Imports of goods and services
Residual
Q/Q
Agriculture, forestry and fishing
Mining
Manufacturing
Electricity, gas,
Construction
Wholesale and retail trade
Transport and storage
Hotels and restaurants
Information and communication
Financial and insurance
Real estate
Professional, scientific, technical and admin.
Education
Human health
Residential care and social work
Personal and art
NPISH
Government
Taxes on products
Subsidies on products
GDP
Final consumption expenditure
Household and NPISH consumption expenditure
Government final consumption expenditure
Gross capital formation
Gross fixed capital formation
Exports of goods and services
Imports of goods and services
Last data Seasonally adjusted is our own estimate
Own estimate

GDP, SA official estimate

%
2011
2012
2013
2014

Q1

Q2
-0,2
0,9
1,1
-0,1

Q3
0,7
0,8
0,1

Q4
1,2
0,7
0,3

-1,6
-0,8
1,6