Current Account in Sweden

Sweden Current Account | Economic News & Forecasts

Sweden - Current Account

Activity picked up in Q3, according to a preliminary reading, with growth accelerating from Q2’s mild rise. The upturn likely came on the back of improving private consumption and a robust external sector: Merchandise exports grew at a double-digit rate in annual terms across July–September as restrictions were generally eased in key international markets. Momentum likely rolled over into Q4, as evidenced by the economic tendency indicator rising back towards its record high in October amid improving business confidence. Moreover, PMI readings for both the manufacturing and services sectors remained well within expansionary territory in October. Regarding the pandemic, while daily cases remain relatively low and inoculation rates are above the EU average, concern over spiking infections in northern Europe recently prompted authorities to introduce a vaccination pass for large public gatherings.

Sweden - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)4.1  3.5  3.1  2.5  4.2  

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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

Value Change Date
Bond Yield0.15-4.79 %Jan 01
Exchange Rate9.36-0.20 %Jan 01

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