Economic development

Gross domestic product and demand and output

The Gross Domestic Product (GDP) is the total value of the goods and services produced in a country, by private and public activity combined, during a particular period of time, generally a year. GDP can also be calculated as the sum of household consumption, public consumption, investments, stocks and exports, minus imports.

In 2007, GDP amounted to SEK 3,074 billion. The estimates for 2008 and 2009 are SEK 3,217 billion and SEK 3,354 billion respectively.

GDP

SEK billion, current prices

	Outcome	Forecast
	2007	2008	2009
GDP	3,074	3,217	3,554

The change in GDP, adjusted for inflation (the general change in prices), is used as a measure of economic growth. The figure below shows how much GDP increases over the period 2000-2009. In 2007 GDP rose by 2.6 per cent. Increases of 2.1 and 1.8 per cent are expected in 2008 and 2009 respectively.

GDP-growth 2000-2009

Per cent

The demand and output table shows the total production of goods and services (GDP) and the different ways in which it is used. To put it simply, the supply and use of resources show how a country may use the goods and services it produces. According to demand and output, the sum of GDP and imports is equal to the sum of consumption, investment and exports.

Demand and output

	Outcome1	Forecast2
	2007	2008	2009
Household consumption expenditure	1,435	2.8	2.6
General govt. consumption expenditure	796	0.6	0.3
Central government	213	-0.8	-1.3
Local government	584	1.2	0.9
Gross fixed capital formation	582	4.1	2.1
Change in stocks3	24	-0.3	0.0
Exports	1,609	5.5	4.8
Imports	1,373	6.1	5.3
GDP	3,074	2.1	1.8

1. Current prices. SEK billion
2. Change as a percentage of previous year's GDP.
3. Contribution to GDP growth, per cent