Swedish current account surplus widened sharply to SEK 68.8 billion in the third quarter of 2019 from SEK 37.9 billion in the corresponding period of the previous year. It was the largest current account surplus since the third quarter of 2008, as the good surplus rose to SEK 33.8 billion from SEK 17.7 billion a year ago and the services balance shifted to a SEK 7.3 billion surplus from SEK 1 billion deficit. Also, the primary income surplus advanced to SEK 49 billion from SEK 41.5 billion a year earlier, mainly due to investment income. Meanwhile the secondary income gap increased to SEK 21.3 billion from SEK 20.4 billion. Current Account in Sweden averaged 24.88 SEK Billion from 1982 until 2019, 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. source: Statistics Sweden

Current Account in Sweden is expected to be 36.60 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 34.40 in 12 months time. In the long-term, the Sweden Current Account is projected to trend around 28.00 SEK Billion in 2020, according to our econometric models.

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Sweden Current Account

Actual Previous Highest Lowest Dates Unit Frequency
68.80 37.00 82.30 -15.90 1982 - 2019 SEK Billion Quarterly
Current Prices, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-03-06 08:30 AM Q4 SEK39.6B SEK36.3B SEK32.4B
2019-06-04 07:30 AM Q1 SEK63B SEK29B SEK25.0B
2019-09-03 07:30 AM Q2 SEK37B SEK59.1B SEK9.0B
2019-12-04 08:30 AM Q3 SEK68.8B SEK37B SEK40.2B
2020-03-11 08:30 AM Q4 SEK68.8B SEK 36.6B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-09-03
Sweden Q2 Current Account Surplus Widens Sharply
Swedish current account surplus widened sharply to SEK 37.0 billion in the second quarter of 2019 from SEK 0.8 billion in the same period of the previous year. The goods surplus rose to SEK 44.0 billion from SEK 16.1 billion a year earlier and the services surplus increased to SEK 5.2 billion from SEK 4.9 billion. Additionally, the primary income deficit narrowed to SEK 3.8 billion from SEK 10.4 billion a year ago, mainly due to income on investment and the secondary income shortfall fell to SEK 8.5 billion from SEEK 9.8 billion.

2019-06-04
Sweden Current Account Surplus Largest Since 2008
Swedish current account surplus rose to SEK 62.7 billion in the first quarter of 2019 from SEK 17.6 billion in the corresponding period of the previous year. It was the largest current account surplus since Q3 2008, as the services account recorded a SEK 7.7 billion surplus swinging from a SEK 1.1 billion deficit a year ago while the goods surplus increased to SEK 45.6 billion from SEK 23.5 billion. Also, the primary income surplus widened to SEK 41.5 billion from SEK 21 billion, mainly due to the income on portfolio investments. Meanwhile, the secondary income deficit rose to SEK 32.2 billion from SEK 25.8 billion in Q1 2018.

2019-03-06
Sweden Current Account Surplus Largest in 2 Years
Swedish current account surplus rose to SEK 39.6 billion in the fourth quarter of 2018 from a downwardly revised SEK 35.5 billion in the corresponding period of the previous year. It is the largest current account surplus since Q4 2016, as the services surplus increased to SEK 23.2 billion from SEK 13 billion a year earlier, on higher sales of research and development services and data services. Also, the primary income surplus widened to SEK 24.6 billion from SEK 20.3 billion, mainly due to the return on portfolio investments and direct investment. Meanwhile, the goods surplus decreased to SEK 16.4 billion from SEK 21.5 billion and the secondary income deficit went up to SEK 24.7 billion from SEK 19.3 billion in Q4 2017. In 2018, the country's current account surplus narrowed to SEK 93.8 billion from SEK 127.6 billion a year ago.


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).

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 [+]