Sweden’s economic growth moderated in the fourth quarter of 2025, with gross domestic product expanding 1.8% year-on-year, down from 2.6% in the third quarter of 2025. The latest data, updated on 29 January 2026, indicate a loss of momentum at the end of the year as the pace of annual expansion slowed.
On a year-over-year basis, the current reading reflects how GDP in the fourth quarter of 2025 compares with the same quarter a year earlier, while the previous figure showed the third quarter’s output against its level a year before. The deceleration suggests that Sweden entered the end of 2025 with softer underlying growth dynamics, which may influence expectations for policy and investment going into 2026.
