FX.co ★ Sweden GDP Shrinks for 2nd Month

In February 2025, the Swedish economy experienced a 1.5% contraction compared to the previous month, which followed a downwardly revised decline of 0.4% in January. This marks the second consecutive month of economic contraction, primarily driven by decreased output in the service-producing industries and the general government sector. On an annual basis, the GDP of Sweden decreased by 0.3%, a notable reversal from the upwardly revised 2.2% growth observed in the prior period.