SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Swedish growth weak – but better than expected

Sweden's economy is growing somewhat, but weaker than the historical average, shows new statistics.

» Published: 29 November 2024

Swedish growth weak – but better than expected
Photo: Ali Lorestani/TT

During the third quarter, Sweden's gross national product (GNP) increased by 0.3 percent compared to the previous quarter, according to the Statistics Sweden. Household consumption remains weak, unchanged compared to the previous quarter.

This can be compared to economists' expectations of minus 0.1 percent, according to Bloomberg's compilation.

Compared to the third quarter last year, growth was 0.7 percent.

"Sweden's GNP continued to develop somewhat weaker than the historical average", says Jessica Engdahl, section chief at National Accounts, in a press release.

Foreign trade in goods held back development, while a positive turnaround in inventory investments contributed to keeping growth above zero, according to the Statistics Sweden.

GNP is the sum of the value of all goods and services produced in the country.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Neighbours and China Give Tough Response to Trump Tariffs
2 MIN READ

Neighbours and China Give Tough Response to Trump Tariffs

Trump has signed a decision on tariffs
1 MIN READ

Trump has signed a decision on tariffs

So Sweden can be hit by Trump's tariffs
3 MIN READ

So Sweden can be hit by Trump's tariffs

Tariffs to wait for after Trump's tariffs
2 MIN READ

Tariffs to wait for after Trump's tariffs

After the Wave of Violence – Anxiety Among Many Entrepreneurs
2 MIN READ

After the Wave of Violence – Anxiety Among Many Entrepreneurs

Now Trump imposes tariffs - EU may be next in line
2 MIN READ

Now Trump imposes tariffs - EU may be next in line

Altman on OpenAI: "On the wrong side of history"
1 MIN READ

Altman on OpenAI: "On the wrong side of history"

Down on Wall Street - but up in January
1 MIN READ

Down on Wall Street - but up in January

Trump threatens with tariffs on oil and chips
3 MIN READ

Trump threatens with tariffs on oil and chips

Google ends criticized news experiment
2 MIN READ

Google ends criticized news experiment

USA inflation stays put
1 MIN READ

USA inflation stays put

German Inflation Falls Unexpectedly
1 MIN READ

German Inflation Falls Unexpectedly

Coordinator: Establish a State Nuclear Power Company
1 MIN READ

Coordinator: Establish a State Nuclear Power Company

The State Sells Lernia
1 MIN READ

The State Sells Lernia

Japan is forced to tap into its reserves
1 MIN READ

Japan is forced to tap into its reserves

Brexit - a Swedish export success
3 MIN READ

Brexit - a Swedish export success

Autoliv Improves Profit
1 MIN READ

Autoliv Improves Profit

High electricity prices in Norway may increase your electricity prices
3 MIN READ

High electricity prices in Norway may increase your electricity prices

Court: Bank prohibited from charging unclear late fees
1 MIN READ

Court: Bank prohibited from charging unclear late fees

Multiple Countries Question Deepseek
1 MIN READ

Multiple Countries Question Deepseek