Sweden: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sweden
IMF Staff Country Reports, November 17, 2017
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- Sweden: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sweden
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Bibliographic details
- Published: November 17, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484329634.002
Economic growth and demand
- Real GDP is expected to rise by 3.1 percent in 2017.
- Growth is driven by both domestic demand and exports growing at a similar pace.
Labor market and employment
- Robust job creation of over 2 percent has lowered unemployment to 6.8 percent.
- Unemployment is 4.5 percent when excluding full-time students.
Housing market and household credit
- Housing price increases moderated to 7 percent year over year in September 2017.
- Large increases in new dwelling construction have contributed to signs of further market cooling in recent months.
- Household credit growth has eased somewhat in 2017.
Fiscal position
- Unexpectedly strong government revenues in 2016 have carried forward into 2017.
- The general government fiscal surplus is projected at 1 percent of GDP.
Source: Sweden: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sweden (International Monetary Fund, November 17, 2017).
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- Country Report