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Swedish GDP increased 1.3% quarter-on-quarter

Sweden street
Sweden   General government expenditures increased 0.9%

Sweden's economy surged ahead at the end of 2015 after the country's monetary authority applied record amounts of stimulus. GDP increased 1.3% quarter-on-quarter.


Versus the same period one year ago, GDP expanded at a clip of 4.5%, which was also ahead of estimates for a rise of 3.6%.

The economy increased on almost all field in the fourth quarter of 2015, with gross fixed capital information growing 2.0% in terms of quarterly rates of change and exports up by 0.9%. Both household consumption and general government expenditures increased 0.9%.

Inventory accumulation was the main exception, subtracting three tenths of a percentage point from the rate of GDP growth. Imports rose by 2.0%.

 

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