GDP, unemployment, and inflation are important numbers that help us understand the economy. These three ideas are connected in many ways.

1. GDP (Gross Domestic Product)

• This is the total value of everything a country produces, like goods and services.
• In Sweden, the GDP in 2022 was about SEK 5,800 billion.

2. Unemployment Rate

• This rate shows how many people in the labor force are without jobs but are still looking for work.
• In Sweden, the unemployment rate in 2023 is around 7%.

3. Inflation Rate

• Inflation tells us how fast the prices of goods and services are going up.
• As of 2023, Sweden's inflation rate is about 3.5%.

How They Connect:

• When the GDP goes up, it usually means more jobs are available, which lowers the unemployment rate because companies are hiring more people.
• However, if inflation goes up too quickly, it might slow down the GDP and lead to more people being unemployed.