National accounts: Monthly GDP indicator, January 2025
GDP indicator down in January
Statistical news from Statistics Sweden 2025-03-10 8.00
Sweden’s GDP decreased by 0.5 percent in January, seasonally adjusted and compared with the previous month, as shown by the preliminary compilation of the GDP indicator. Calander adjusted GDP was 2.0 percent higher than in the corresponding month of the preceding year.
The GDP indicator provides an early picture of the development of the gross domestic product, GDP. It is compiled on a monthly and quarterly basis with more limited and preliminary statistics than the regular quarterly national accounts. The monthly version of the indicator lies outside the official statistics and is classified as statistics under construction.
“The Swedish economy started the new year with a decrease in overall activity following strong figures in December. Weaker household consumption as well as lower production in manufacturing and construction contributed to the contraction” says Mattias Kain Wyatt, economist at Statistics Sweden.
For more information about development in different parts of economy, see:
Balancing and revisions
In a first step, the GDP indicator calculates two separate GDP outcomes from the production and use side of the economy. Then a reconciliation is made in which one side is adjusted downwards and the other side is adjusted upwards to arrive at a single final result. Before reconciliation, the statistical data in January showed actual GDP development from the use side of 1.5 percent and corresponding development from the production side of -0.5 percent, compared with the corresponding month a year ago. In line with ordinary balancing procedures, this results in a reconciled actual GDP development of 0.5 percent.
January had one working day less than the corresponding month last year.
In accordance with the revision policy of the GDP indicator, only months in the current quarter are revised.
| Published 10/03/2025 | ||||
|---|---|---|---|---|
| Production | Use | Reconciled | ||
| January | ‑0.5 | 1.5 | 0.5 | |
Additional information
Time series and revision history for the GDP indicator.
For more information about the indicator, see Compilation of the Swedish GDP indicator.
Next publishing will be
The GDP indicator for February 2025 will be published on 2025-04-10 at 08:00.
The ordinary calculation of the first quarter 2025 will be published on 2025-05-30 at 08:00.
Statistical Database
More information is available in the Statistical Database
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.