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Swedish GDP 1300-1560: A Tentative Estimate

Author

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  • Krantz, Olle

    (Department of Geography and Economic History)

Abstract

This study presents a reconstruction of historical national accounts for Sweden 1300-1560. The source material for this period is very scanty and, therefore, many estimates and approximations were necessary. For agriculture the so called demand approach was used, implying utilization of price series and assumptions on price, income and cross elasticities. Furthermore, population figures had to be estimated. For the other sectors estimations of various kinds also had to be made. Nevertheless, the series for GDP and GDP per capita give a fairly reasonable picture of the economic performance. Sweden’s GDP per capita in relation to some other countries is also discussed. The country seems to have been at about the same level as England. A forward glance indicates that Sweden’s economy stagnated in the 18th century and became backward compared to England and Holland. It was first after some decades of the 19th century that a recovery came and a fast economic growth started.

Suggested Citation

  • Krantz, Olle, 2017. "Swedish GDP 1300-1560: A Tentative Estimate," Lund Papers in Economic History 152, Lund University, Department of Economic History.
    • Handle: RePEc:hhs:luekhi:0152
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    File URL: http://www.ekh.lu.se/en/research/economic-history-data/shna
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    Citations

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    Cited by:

    1. Carlos Álvarez-Nogal & Leandro Prados de la Escosura & Carlos Santiago-Caballero, 2020. "Economic effects of the Black Death: Spain in European perspective," Investigaciones de Historia Económica - Economic History Research (IHE-EHR), Journal of the Spanish Economic History Association, Asociación Española de Historia Económica, vol. 16(04), pages 35-48.
    2. Carlos J. Charotti & Nuno Palma & João Pereira dos Santos, 2022. "American Treasure and the Decline of Spain," Economics Discussion Paper Series 2201, Economics, The University of Manchester.
    3. Vincent Geloso & Peter T. Leeson, 2020. "Are Anarcho-Capitalists Insane? Medieval Icelandic Conflict Institutions in Comparative Perspective," Revue d'économie politique, Dalloz, vol. 130(6), pages 957-974.
    4. Prados de la Escosura, Leandro & Rodríguez-Caballero, C. Vladimir, 2022. "War, pandemics, and modern economic growth in Europe," Explorations in Economic History, Elsevier, vol. 86(C).
    5. Palma, Nuno & Reis, Jaime & Rodrigues, Lisbeth, 2023. "Historical gender discrimination does not explain comparative Western European development: evidence from Portugal, 1300-1900," Explorations in Economic History, Elsevier, vol. 88(C).
    6. Prados de la Escosura, Leandro & Rodriguez-Caballero, Carlos Vladimir, 2020. "Growth, War, and Pandemics: Europe in the Very Long-run," CEPR Discussion Papers 14816, C.E.P.R. Discussion Papers.
    7. António Henriques & Nuno Palma, 2023. "Comparative European Institutions and the Little Divergence, 1385–1800," Journal of Economic Growth, Springer, vol. 28(2), pages 259-294, June.
    8. Nuno Palma, 2019. "American Precious Metals and their Consequences for Early Modern Europe," Working Papers 0174, European Historical Economics Society (EHES).
    9. Yao Chen & Nuno Palma & Felix Ward, 2022. "Goldilocks: American precious metals and the Rise of the West," Tinbergen Institute Discussion Papers 22-063/VI, Tinbergen Institute, revised 15 Feb 2023.

    More about this item

    Keywords

    historical national accounts; GDP; demand approach; deflating;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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