Swedes surprised at 'super' GDP bump

Ann Törnkvist
Ann Törnkvist - [email protected]
Swedes surprised at 'super' GDP bump

The Swedish statistics bureau reported on Friday that the country's GDP had risen 3.1 percent in the fourth quarter of 2013 compared to the same period the year prior.


There was also an increase from the third quarter, Statistics Sweden noted.

"GDP increased 1.7 percent, seasonally adjusted and compared to the third quarter of 2013," the statisticians noted. 

The Wall Street Journal reported on Friday morning that the news immediately strengthened the Swedish krona, with several observers noting the GDP bump was not wholly expected.

The Swedish statisticians further noted that household consumption was up by 2 percent, while the production of goods increased 3.4 percent and the production of services grew by 4.3 percent. There were also changes in the employment rate, both in terms of hours worked - 0.4 percent - and actual numbers of people going to work - 1.2 percent. 

The Swedish business daily Dagens Industri quickly dubbed the GDP rise "the new super number".

The building industry as well as auto and electronics productions were the chief contributors to the GDP growth, Statistics Sweden noted. In the service industry, banks, insurers, property administrators as well as the retail sector stood out in the numbers. 


Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also