Current Account in Sweden

Sweden Current Account | Economic News & Forecasts

Sweden - Current Account

The economy should be recovering notable traction in the second quarter, following Q1’s setback. Underlying momentum slowed in Q1, as mounting price pressures and uncertainty weighed on consumer sentiment, and on spending in turn. Available data points to a brighter picture in the second quarter. In April, the unemployment rate remained at the joint-lowest level since March 2020, which should have supported private spending as the highest inflation rates in over three decades weighed on consumers. Further, both business confidence and economic sentiment were upbeat in the same month. Additionally, both the manufacturing and services PMIs revealed that conditions continued to improve at robust paces in April. On 18 May, Swedish and Finnish authorities submitted official applications to join NATO, abandoning long traditions of neutrality. Turkey could block their bids, however.

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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