Sweden's GDP increased by 1.1 percent compared to the fourth quarter of 2010.
Due to an equal number of working days in the fourth quarter 2011 as in the fourth quarter 2010, there has been no working-day adjustment this quarter. Seasonally adjusted GDP decreased by 1.1 percent compared with the third quarter of 2011. Household consumption expenditures rose by 0.7 percent and general government consumption expenditures increased 0.8 percent. The changes in inventories amounted to a positive GDP change of 0.5 percentage points. Gross fixed capital formation increased by 2.2 percent. Exports increased 0.6 percent and imports 1.6 percent. Production of goods fell 1.0 percent and service sector industries rose 3.0 percent. Total employment, measured as the number of hours worked, increased 1.2 percent while the number of employed persons increased 1.5 percent. Compared to the publication in November 2011, the GDP growth for the third quarter 2011, both actual and working-day adjusted, has been revised downwards by 0.1 percentage point.