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.