Sweden recorded a Current Account surplus of 5.20 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT

Current Account to GDP in Sweden averaged 2.61 percent from 1980 until 2020, reaching an all time high of 8.10 percent in 2006 and a record low of -3.30 percent in 1980. This page provides - Sweden Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden Current Account to GDP - values, historical data and charts - was last updated on September of 2021.

Current Account to GDP in Sweden is expected to reach 6.00 percent of GDP by the end of 2021, 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 6.50 percent of GDP in 2022 and 5.80 percent of GDP in 2023, according to our econometric models.

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Sweden Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
5.20 5.10 8.10 -3.30 1980 - 2020 percent of GDP Yearly

Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade 7100.00 9500.00 21900.00 -10500.00 SEK million [+]
Current Account 80.30 74.50 87.40 -15.90 SEK Billion [+]
Current Account to GDP 5.20 5.10 8.10 -3.30 percent of GDP [+]
Imports 119400.00 134500.00 144900.00 1020.00 SEK million [+]
Exports 126500.00 144000.00 144000.00 970.00 SEK million [+]
External Debt 82592.00 83952.00 426313.00 0.00 SEK Million [+]
Terms of Trade 106.02 105.26 125.65 93.45 points [+]
Foreign Direct Investment 80.70 2.80 349.00 -69.80 SEK Billion [+]
Capital Flows 172.30 92.80 172.30 -153.70 SEK Billion [+]
Remittances 16.00 15.60 30.20 3.50 SEK Billion [+]
Gold Reserves 125.72 125.72 185.42 125.72 Tonnes [+]
Terrorism Index 2.89 3.45 3.98 0.01 [+]
Weapons Sales 286.00 172.00 895.00 13.00 SIPRI TIV Million [+]


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.