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Annual Estimates of Swedish GDP in 1720-1800

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Abstract

For the period 1800 onwards, annual figures over GDP and GDP per capita for Sweden have been presented in different studies. For the 18th century no such annual series exist. The aim of this paper is to present annual data on GDP and GDP per capita in volume values for Sweden for the whole period 1720-1800. Only very rough estimates are provided, which are not based on any disaggregation of the different components of GDP. To estimate annual fluctuations, four different indicators are used: changes in the official accounts of harvests, marriage rates, the price of rye and import of un-milled grains. When investigating the long-term trends, the conclusion is that there was only a very modest increase in GDP per capita over the studied period. The growth of the GDP per capita became substantial not until the mid 19th century. However, GDP grew significantly during the studied period, but this growth mainly took the form of population growth. This in itself constituted a kind of technological progress, allowing a larger population per unit of land without a significant decrease in per capita production.

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Bibliographic Info

Paper provided by The Ratio Institute in its series Ratio Working Papers with number 70.

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Length: 31 pages
Date of creation: 14 Jun 2005
Date of revision:
Handle: RePEc:hhs:ratioi:0070

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Keywords: GDP; 18th century; Sweden; economic growth; national accounts; economic history;

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  1. Bohlin, Jan, 2003. "Swedish historical national accounts: The fifth generation," European Review of Economic History, Cambridge University Press, vol. 7(01), pages 73-97, April.
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Cited by:
  1. U. Michael Bergman & Lars Jonung, 2011. "Business Cycle Synchronization In Europe: Evidence From The Scandinavian Currency Union," Manchester School, University of Manchester, vol. 79(2), pages 268-292, 03.
  2. Edvinsson, Rodney, 2008. "Harvests, prices and population in early modern Sweden," Stockholm Papers in Economic History 1, Department of Economic History, Stockholm University.

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