Sweden recorded a Current Account surplus of 2 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Sweden averaged 2.56 percent from 1980 until 2018, reaching an all time high of 8.20 percent in 2006 and a record low of -3.30 percent in 1980. source: Eurostat

Current Account to GDP in Sweden is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Current Account to GDP is projected to trend around 3.80 percent in 2020, according to our econometric models.

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Sweden Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
1.70 2.80 8.20 -3.30 1980 - 2018 percent Yearly


Sweden Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade 2900.00 -3500.00 21900.00 -10500.00 SEK million [+]
Current Account 68.80 37.00 82.30 -15.90 SEK Billion [+]
Current Account to GDP 1.70 2.80 8.20 -3.30 percent [+]
Imports 128100.00 140600.00 144900.00 1020.00 SEK million [+]
Exports 131000.00 137100.00 137600.00 970.00 SEK million [+]
External Debt 8722.30 8300.70 8942.40 1853.60 SEK Billion [+]
Terms of Trade 100.35 100.78 125.65 93.45 points [+]
Capital Flows 77.60 46.60 162.90 -149.20 SEK Billion [+]
Foreign Direct Investment 43.70 63.30 349.00 -69.80 SEK Billion [+]
Remittances 19.40 18.80 20.00 3.50 SEK Billion [+]
Gold Reserves 125.72 125.72 185.42 125.70 Tonnes [+]
Terrorism Index 3.45 3.94 3.98 0.01 [+]
Weapons Sales 134.00 84.00 898.00 13.00 USD Million [+]