The general situation of Sweden GDP

The general situation of Sweden GDP

The Gross Domestic Product (GDP) in Sweden was worth 557.94 billion US dollars in 2013. The GDP value of Sweden represents 0.90 percent of the world economy. (Sweden GDP, 2015)

Sweden is a major North European economy and to be ranked in the 15th of the top GDP per capita countries according to the data from World
Bank.
Undoubtedly Sweden is a rich country.Its GDP per capita even exceeds Germany. You can see the Sweden’s GDP per capita comparison with Germany and the United States. The high GDP ensured a high living standard to the Swedish people.
 
 

Despite strong finances and underlying fundamentals, the Swedish economy slid into recession in the third quarter of 2008 with a record low of -3.80 percent in the fourth quarter of 2008 and growth continued downward in the fourth as deteriorating global conditions reduced export demand and consumption.