Plus   Neg

Sweden Q4 Current Account Surplus Falls Sharply

Sweden's current account surplus decreased sequentially in the fourth quarter, data released by Statistics Sweden showed Thursday.

The current account surplus dropped to SEK50.1 billion in the fourth quarter from SEK73.3 billion in the third quarter. In the fourth quarter of 2010, the current account showed a surplus of SEK56 billion.

The surplus in the foreign trade account fell sharply to SEK49 billion during the three-month period from SEK61.3 billion in previous quarter, contributing to the decline in the overall balance.

The net value of investment income was a surplus of SEK20.8 billion in the final three months of 2011, lower than SEK22.7 billion in the third quarter.

Meanwhile, the current transfers account showed a deficit of SEK19.19 billion in the fourth quarter, higher than the previous quarter's SEK10.1 billion deficit.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT