Trade Balance in Sweden

Sweden Trade Balance | Economic News & Forecasts

Sweden - Trade Balance

The economy expanded at a faster rate than previously estimated in Q3, accelerating from Q2’s mild growth. The domestic economy spearheaded the upturn, with household spending rising to its highest level in a year. Meanwhile, a mild increase in exports and a faster rise in imports saw the external sector weigh somewhat on the overall reading. Momentum likely carried over into Q4, as evidenced by the economic tendency indicator remaining close to a record-high level in October–November amid solid business confidence. Moreover, PMI readings for both the manufacturing and services sectors remained well within expansionary territory in the same period, while the unemployment rate fell to an 18-month low in November, likely supporting household spending. Meanwhile, authorities recently further tightened domestic Covid-19-related measures until at least 31 January amid rising daily cases.

Sweden - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)14.2  11.0  11.3  11.1  18.5  

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Sweden Trade Balance Chart

Sweden Trade
Note: Trade balance in USD billion.
Source: Riksbank.

Sweden Facts

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

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