Swedish current account surplus decreased to SEK 10 billion in the second quarter of 2018 from SEK 35.6 billion in the corresponding period of the previous year. The goods surplus narrowed to SEK 20.4 billion from SEK 34.7 billion and the services surplus fell to SEK 10.6 billion from SEK 18.2 billion a year ago. Also, the primary income deficit widened to SEK 11.5 billion from SEK 6 billion while the secondary income gap declined to SEK 9.5 billion from SEK 11.2 billion in the three months to June of 2017. Current Account in Sweden averaged 24.53 SEK Billion from 1982 until 2018, reaching an all time high of 82.30 SEK Billion in the first quarter of 2008 and a record low of -15.90 SEK Billion in the third quarter of 1990.
Current Account in Sweden is expected to be 19.83 SEK Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Sweden to stand at 18.96 in 12 months time. In the long-term, the Sweden Current Account is projected to trend around 11.24 SEK Billion in 2020, according to our econometric models.