Current account balance as a share of GDP in Sweden
Sweden: Current account balance as a share of GDP was 5.9% in 2024. ▼ Falling
Current account balance as a share of GDP in Sweden, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, current account balance as a share of gdp in Sweden stood at 5.9%.
That represents a change of up 1.9% on the previous year and up 71.6% over ten years.
Over the whole period, current account balance as a share of gdp in Sweden peaked at 8.2% in 2006 and was at its lowest, 2.0%, in 2016.
Sweden ranks 31st of 193 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Current account balance as a share of GDP in Sweden, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.5% | — |
| 2001 | 6.2% | +38.7% |
| 2002 | 4.7% | -24.5% |
| 2003 | 5.9% | +25.8% |
| 2004 | 6.0% | +1.7% |
| 2005 | 6.0% | +1.0% |
| 2006 | 8.2% | +35.5% |
| 2007 | 8.2% | -0.1% |
| 2008 | 7.9% | -2.7% |
| 2009 | 6.0% | -24.7% |
| 2010 | 5.9% | -0.7% |
| 2011 | 5.5% | -7.1% |
| 2012 | 5.5% | +0.4% |
| 2013 | 4.7% | -14.8% |
| 2014 | 3.5% | -26.8% |
| 2015 | 2.7% | -21.2% |
| 2016 | 2.0% | -26.1% |
| 2017 | 2.2% | +9.0% |
| 2018 | 2.1% | -5.0% |
| 2019 | 5.2% | +149.5% |
| 2020 | 5.6% | +8.1% |
| 2021 | 6.2% | +10.9% |
| 2022 | 4.0% | -35.5% |
| 2023 | 5.8% | +44.9% |
| 2024 | 5.9% | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.3% | 4.5% | 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
- 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)
- Services, value added (constant LCU), per capita 348,550 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 1.23 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.61 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8956 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 56,545 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 2.79 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 8.8 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 555,308 current LCU per person (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Sweden?
- Current account balance as a share of gdp in Sweden was 5.9% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Sweden?
- The highest recorded value was 8.2% in 2006.
- What is the lowest current account balance as a share of gdp recorded in Sweden?
- The lowest recorded value was 2.0% in 2016.
- How does Sweden rank for current account balance as a share of gdp?
- Sweden ranks 31st out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Sweden?
- Over the last ten years it is up 71.6%. The long-run trend across the full record is falling.
- Where does this Sweden data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).