Sweden Economic Snapshot

Economic Forecast Summary (December 2021)

The Swedish economy has caught up with its pre-pandemic level, and is steaming ahead, with projected GDP growth of 4.3% in 2021 and 3.4% in 2022, fuelled by the removal of COVID-19-related restrictions and a continued rebound of consumption and investment, before easing to 1.6% in 2023. Demand is supported by falling unemployment and rising employment and wages. Inflation is projected to peak in 2022 before falling back towards the 2% target.

Economic Survey of Sweden - 16 July 2021

Executive Summary


Reform Priorities (April 2021)

Going for Growth 2021 - Sweden

While Sweden is a country with low inequality, the COVID-19 crisis is exacerbating difficulties for some and risks scarring youth working prospects. Inequality in educational outcomes risks widening further, as students from disadvantaged social backgrounds may face greater difficulties to adapt to distance learning. These are top priorities for a more resilient and equitable recovery.

©Shutterstock/Anton Petrus

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2021 Structural Reform Priorities

  • Labour market: Enhance training and counselling for the low-skilled, especially migrants
  • Education and skills: Increase the efficiency of the education system
  • Housing: Reduce housing market distortions
  • Labour market: Promote job mobility
  • Tax system: Improve the efficiency of the tax structure


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