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One and a Half Millennium of Economic Change in Sweden

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  • Krantz, Olle

    (Department of Economic History, Lund University)

Abstract

Construction of historical national accounts has a long history in Sweden. It started in the interwar period and later a number of improvements and extensions backward and forward in time have been made. Thus, now there are series from 1300 onwards. Of course, due to limitations of the source material, the estimates are more and more uncertain the further back in time they refer to. In this paper GDP per capita for the entire period is analysed. Growth episodes and stagnation periods are identified and comparisons of income levels with other countries are made. It is found that Sweden was not distinctly backward at any time during the whole period. Economic changes before 1300 are also discussed on the basis of previous historical research. Hence, it is to a certain extent conjectures. There were long-term ups and downs in the economy also in this early period. Furthermore, it is questioned whether the old opinion of the area later called Sweden as very poor compared to the rest of northern Europe can be upheld. Scandinavia was for instance expansive internationally with trading and raiding in the Viking period. Could this have characterised a very poor region?

Suggested Citation

  • Krantz, Olle, 2023. "One and a Half Millennium of Economic Change in Sweden," Lund Papers in Economic History 249, Lund University, Department of Economic History.
    • Handle: RePEc:hhs:luekhi:0249
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    References listed on IDEAS

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    1. Maddison, Angus, 2007. "Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History," OUP Catalogue, Oxford University Press, number 9780199227204.
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    More about this item

    Keywords

    historical national accounts; Sweden; GDP;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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