National accounts, first quarter 2020
GDP indicator: Slowdown in the first quarter of 2020
Statistical news from Statistics Sweden 2020-05-05 9.30
Sweden’s GDP decreased by 0.3 percent in the first quarter of 2020, seasonally adjusted and compared with the fourth quarter of 2019. This according to the preliminary compilation of the quarterly national accounts. Calendar adjusted and compared with the first quarter of 2019, GDP increased by 0.5 percent.
What is GDP?
Gross domestic product, GDP, is defined as the value of all goods and services produced in the country. GDP is used as a measure of economic growth and is published quarterly.
Seasonally adjusted and compared with the fourth quarter of 2019, exports contributed positively to GDP, while decreases in gross fixed capital formation and changes in inventories weighed down growth. Only the overall GDP growth is published in the GDP indicator and any information on the development of individual components should be interpreted with caution.
Additional information
The GDP indicator is an early compilation of the quarterly national accounts based on limited and preliminary statistics. For more information on the indicator, see Compilation of the Swedish GDP indicator.
Statistical Database
More information is available in the Statistical Database.
Next publishing will be
Complete quarterly national accounts for the first quarter of 2020 will be published on 2020-05-29 at 9.30.
The next GDP indicator will be published on 2020-08-05 at 9.30.
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.