Current Account in Sweden

Sweden Current Account | Economic News & Forecasts

Sweden - Current Account

The economy hit a soft patch in the first quarter. Sluggish domestic demand in Q1 was the result of a downturn in private consumption and a dip in fixed investment, weighed on by weaker residential investment. Spending by consumers and businesses were likely both hampered by concerns over the weak housing market. Available data for Q2 suggests the economy likely remained weak. Consumer confidence was entrenched in pessimistic territory in May and June, although retail sales increased in April. More positively, the industrial sector appears to have stabilized in the second quarter: Industrial production rebounded in April on recovering manufacturing output, while operating conditions in the manufacturing sector improved at a faster clip in May, thanks to rising new orders. Moreover, a weaker krona throughout the quarter bodes well for export-oriented sectors.

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 Yield0.12-4.79 %Jul 11
Exchange Rate9.38-0.20 %Jul 11
Stock Market1,6130.14 %Jul 11

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