Current Account in Sweden

Sweden Current Account | Economic News & Forecasts

Sweden - Current Account

In the second quarter, the economy unexpectedly contracted for the second time over the past year. A sizeable decline in gross fixed capital formation drove the contraction, as a dire situation in the housing market continues to exert downward pressure on investment. Real exports also declined in Q2, mostly reflecting weaker global demand. However, solid dynamics in the job market and accommodative financial conditions supported private consumption in the quarter. Looking forward, the outlook looks challenging, with the economic sentiment indicator falling to a near six-year low in July. The decline mostly reflected increased pessimism among manufacturers amid rising global trade tensions and uncertainty related to Brexit. A somber outlook for the global economy and domestic economic uncertainties led the country to sell its first-ever 10-year sovereign bonds with a negative yield on 14 August.

Sweden - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)5.2  4.5  4.2  3.8  2.8  

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Sweden Current Account Chart


Sweden Current Account
Note: Current account balance as % of GDP.
Source: Riksbank and FocusEconomics calculations.

Sweden Facts

ValueChangeDate
Bond Yield-0.32-4.79 %Sep 04
Exchange Rate9.73-0.20 %Sep 04
Stock Market1,5810.14 %Sep 04

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