Current Account in Sweden

Sweden Current Account | Economic News & Forecasts

Sweden - Current Account

Economic growth in quarter-on-quarter terms was likely solid in Q4, although this was in part due to a favorable base of comparison after temporary factors saw the economy contract in Q3. Underlying economic momentum appeared to ebb, however, as evidenced by a slump in retail sales, lower average PMI readings compared to the previous quarter and sluggish growth in industrial production. Turning to Q1, available data points to a moderation in activity, in line with soft dynamics across the EU as a whole. Both the services and manufacturing PMIs declined in January, while the economic tendency indicator dropped sharply in the same month on worse sentiment in the manufacturing, retail and service sectors. Nevertheless, the labor market continues to perform well, as evidenced by robust annual employment growth in January.

Sweden - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)5.2  4.5  4.5  4.2  3.3  

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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 Yield0.30-4.79 %Mar 11
Exchange Rate9.38-0.20 %Mar 11
Stock Market1,5700.14 %Mar 11

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