Sweden's current account surplus increased to SEK 88.6 billion in the first quarter of 2023 from SEK 75.7 billion in the same period last year, easily beating market forecasts of SEK 60.5 billion, as the goods surplus surged to SEK 74.7 billion from SEK 60.7 billion a year ago, while primary income, which consists mainly of compensation of employees and investment income, presented a surplus of SEK 55.1 billion in the first quarter, down slightly from SEK 55.6 billion. In addition, the secondary income, which includes international cooperation and donations and contributions to the EU, posted a deficit of SEK 28.5 billion, down from SEK 32 billion a year earlier. Meanwhile, the services deficit widened to SEK 12.6 billion from 8.7 billion. source: Statistics Sweden

Current Account in Sweden averaged 28.94 SEK Billion from 1982 until 2023, reaching an all time high of 98.00 SEK Billion in the first quarter of 2021 and a record low of -15.90 SEK Billion in the third quarter of 1990. This page provides - Sweden Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden Current Account - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Current Account in Sweden is expected to be 42.00 SEK Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Current Account is projected to trend around 32.00 SEK Billion in 2024 and 28.00 SEK Billion in 2025, according to our econometric models.

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Sweden Current Account



Calendar GMT Actual Previous Consensus TEForecast
2023-03-06 07:00 AM Q4 SEK85.0B SEK31.7B SEK 45B
2023-06-02 06:00 AM Q1 SEK88.6B SEK95.3B SEK60.5B SEK 55.0B
2023-09-04 06:00 AM Q2 SEK88.6B SEK 42B


Related Last Previous Unit Reference
Balance of Trade -2700.00 8500.00 SEK Million Apr 2023
Current Account 88.60 95.30 SEK Billion Mar 2023
Imports 164800.00 187400.00 SEK Million Apr 2023
Exports 162100.00 195900.00 SEK Million Apr 2023
Terms of Trade 97.15 97.79 points Apr 2023
Capital Flows 113.20 -29.70 SEK Billion Mar 2023
Remittances 20.10 19.80 SEK Billion Mar 2023

Sweden Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
88.60 95.30 98.00 -15.90 1982 - 2023 SEK Billion Quarterly
Current Prices, NSA

News Stream
Swedish Q1 Current Account Surplus Larger than Expected
Sweden's current account surplus increased to SEK 88.6 billion in the first quarter of 2023 from SEK 75.7 billion in the same period last year, easily beating market forecasts of SEK 60.5 billion, as the goods surplus surged to SEK 74.7 billion from SEK 60.7 billion a year ago, while primary income, which consists mainly of compensation of employees and investment income, presented a surplus of SEK 55.1 billion in the first quarter, down slightly from SEK 55.6 billion. In addition, the secondary income, which includes international cooperation and donations and contributions to the EU, posted a deficit of SEK 28.5 billion, down from SEK 32 billion a year earlier. Meanwhile, the services deficit widened to SEK 12.6 billion from 8.7 billion.
2023-06-02
Swedish Current Account Surplus Narrows in Q4
Sweden's current account surplus declined to SEK 85 billion in the fourth quarter of 2022 from SEK 86.5 billion in the same period last year, as the services surplus narrowed to SEK 5.8 billion from 12.1 billion, while the secondary income, which includes international cooperation and donations and contributions to the EU, presented a deficit of SEK 23.7 billion, up from SEK 2.3 billion a year earlier. On the other hand, the goods surplus increased to SEK 54.9 billion from SEK 52.4 billion a year ago, while primary income, which consists mainly of compensation of employees and investment income, presented a surplus of SEK 48.0 billion in the fourth quarter, up from SEK 43.4 billion. Considering the 2022 full year, the country's current account surplus narrowed to SEK 252.3 billion from SEK 355.8 billion a year ago.
2023-03-06
Swedish Q3 Current Account Surplus Narrows Sharply
Sweden's current account surplus declined sharply to SEK 31.7 billion in the third quarter of 2022 from SEK 76.6 billion in the same period last year, as the goods surplus plunged to SEK 21.1 billion from SEK 42.7 billion a year ago, while the services gap jumped to SEK 22.8 billion from 2.3 billion. Also, secondary income, which includes international cooperation and donations and contributions to the EU, presented a deficit of SEK 26.0 billion, up from SEK 20.3 billion a year earlier. Meantime, primary income, which consists mainly of compensation of employees and investment income, presented a surplus of SEK 59.4 billion in the third quarter, up from SEK 56.5 billion.
2022-12-05