Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Sweden
SWEB6BLTT02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.35
Year-over-Year Change
14.49%
Date Range
1/1/1993 - 10/1/2024
Summary
The Balance of Payments: Current Account measures the net flow of goods, services, and capital into and out of Sweden's economy. It is a key indicator of Sweden's international economic position and trade competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The current account balance tracks Sweden's imports and exports of goods and services, as well as net income from investments and transfers. A surplus indicates Sweden is a net lender to the rest of the world, while a deficit signals net borrowing.
Methodology
The data is collected by Sweden's national statistics agency through surveys of businesses, households, and government agencies.
Historical Context
Economists and policymakers use the current account balance to assess Sweden's external economic position and make decisions about trade, investment, and macroeconomic policies.
Key Facts
- Sweden has run a current account surplus since the 1990s.
- The surplus reached a high of 5.9% of GDP in 2016.
- The current account balance is an important measure of Sweden's external economic position.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current Account measures the net flow of goods, services, and capital into and out of Sweden's economy.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of Sweden's international economic position and trade competitiveness, which is relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by Sweden's national statistics agency through surveys of businesses, households, and government agencies.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the current account balance to assess Sweden's external economic position and make decisions about trade, investment, and macroeconomic policies.
Q: Are there update delays or limitations?
A: There may be some delays in the data availability, as it is collected through surveys of various economic entities.
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Citation
U.S. Federal Reserve, Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Sweden (SWEB6BLTT02STSAQ), retrieved from FRED.