Current account balance as a proportion of GDP (%) in Sweden
Sweden: Current account balance as a proportion of GDP (%) was 5.9% in 2024. ▼ Falling
Current account balance as a proportion of GDP in Sweden, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Sweden recorded 5.9% for current account balance as a proportion of gdp in 2024.
Compared with earlier readings it is up 2.0% on the previous year and up 71.9% over ten years.
Over the whole period, current account balance as a proportion of gdp in Sweden peaked at 8.2% in 2006 and was at its lowest, 2.0%, in 2016.
That places Sweden 31st out of 205 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Current account balance as a proportion of GDP (%) in Sweden, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.4% | — |
| 2001 | 6.2% | +38.8% |
| 2002 | 4.7% | -24.5% |
| 2003 | 5.9% | +25.8% |
| 2004 | 6.0% | +1.7% |
| 2005 | 6.0% | +1.1% |
| 2006 | 8.2% | +35.5% |
| 2007 | 8.1% | -0.1% |
| 2008 | 7.9% | -2.7% |
| 2009 | 6.0% | -24.7% |
| 2010 | 5.9% | -0.7% |
| 2011 | 5.5% | -7.0% |
| 2012 | 5.5% | +0.4% |
| 2013 | 4.7% | -15.0% |
| 2014 | 3.4% | -26.7% |
| 2015 | 2.7% | -21.2% |
| 2016 | 2.0% | -26.0% |
| 2017 | 2.2% | +8.9% |
| 2018 | 2.1% | -4.9% |
| 2019 | 5.2% | +149.1% |
| 2020 | 5.6% | +8.1% |
| 2021 | 6.2% | +10.9% |
| 2022 | 4.0% | -35.5% |
| 2023 | 5.8% | +44.8% |
| 2024 | 5.9% | +2.0% |
Sweden compared with similar countries
- Sweden's 5.9% is above the median for high income countries, which is 1.6%, 3.7× the median. (69 countries reporting)
- Sweden's 5.9% is above the median for Europe & Central Asia, which is -0.7%. (50 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Sweden changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2019 | +149.1% | 2.1% | 5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.3% | 4.4% | 8.2% | 10 |
| 2010s | 3.9% | 2.0% | 5.9% | 10 |
| 2020s | 5.5% | 4.0% | 6.2% | 5 |
Countries ranked near Sweden
More economy & growth data for Sweden
- Real gdp growth, annual growth rate 599.02 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.62 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 7.01 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0143 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 903.41 units per person (2025)
- SDRs holdings, SDR, annual growth rate 1.9 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0104 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 659.66 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.7 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Sweden?
- Current account balance as a proportion of gdp in Sweden was 5.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Sweden?
- The highest recorded value was 8.2% in 2006.
- What is the lowest current account balance as a proportion of gdp recorded in Sweden?
- The lowest recorded value was 2.0% in 2016.
- How does Sweden rank for current account balance as a proportion of gdp?
- Sweden ranks 31st out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Sweden?
- Over the last ten years it is up 71.9%. The long-run trend across the full record is falling.
- Where does this Sweden data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
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