Current Account in Sweden

Sweden Current Account | Economic News & Forecasts

Sweden - Current Account

The economy expanded at a slightly faster pace in the third quarter, boosted by both fixed investment and government consumption swinging from contraction to expansion. However, private consumption growth moderated, likely on the back of a recent increase in the unemployment rate and weak consumer confidence. On the external front, export growth outstripped import growth, boosting overall growth. Turning to the fourth quarter, the economy seems to be maintaining steady momentum, as suggested by a stabilization of consumer confidence in the quarter, which was likely in part due to higher housing prices and continued low interest rates. However, output from the manufacturing sector likely declined in Q4, as suggested by both PMI and sector-specific business confidence data.

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

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

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