Current Account in Sweden
Sweden - Current Account (billions of U.S. Dollars)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 (USD bn) Data
|Current Account Balance (USD bn)||20.6||18.3||16.6||14.0||22.3|
5 years of economic forecasts for more than 30 economic indicators.
Sweden Current Account (USD bn) Chart
Source: Riksbank and FocusEconomics calculations.
|Bond Yield||0.15||-4.79 %||Jan 01|
|Exchange Rate||9.36||-0.20 %||Jan 01|
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November 15, 2022
Consumer price inflation with a fixed interest rate decelerated to 9.3% in October, down from September’s 9.7%.
November 9, 2022
Industrial output expanded 3.6% month on month in seasonally adjusted terms in September, which contrasted August's 6.9% plunge.
October 28, 2022
The economy fared well in the third quarter of 2022 and defied fears of a contraction.
October 27, 2022
The economic tendency indicator (ETI) deteriorated once again in October, coming in at 84.6, down from September’s 90.8.
October 13, 2022
Consumer price with a fixed interest rate inflation soared to 9.7% in September, up from August’s 9.0%.