Sweden: Trade openness
* indicates monthly or quarterly data series
| Sweden |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 106.16 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1960 - 2024 |
| Average | 66.48 |
| Min - Max | 38.31 - 107.62 |
| Source | The World Bank |
The latest value from 2024 is 106.16 percent, a decline from 107.62 percent in 2023. In comparison, the world average is 91.40 percent, based on data from 161 countries. Historically, the average for Sweden from 1960 to 2024 is 66.48 percent. The minimum value, 38.31 percent, was reached in 1967 while the maximum of 107.62 percent was recorded in 2023.
See the global rankings or
world map for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
Definition: Exports plus imports as percent of GDP.
Selected articles from our guide:
Are trade deficits bad for the economy?
Sources of economic growth
Currency values and investment returns
How to write an economics research paper
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 96.90 | 2023 | percent |
| Trade openness | 106.16 | 2024 | percent |
| Financial openness | 2.290 | 2022 | index points |
| Exports, percent of GDP | 54.31 | 2024 | percent |
| Exports, billion dollars | 356.10 | 2025 | billion U.S. dollars |
| Growth of exports | 3.93 | 2025 | percent |
| Imports, percent of GDP | 51.57 | 2024 | percent |
| Imports, billion dollars | 341.90 | 2025 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 4.48 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 30.72 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 2,729.41 | 2024 | million dollars (current) |
| Current account, percent of GDP | 6.48 | 2024 | percent |
| Current account, in dollars | 40.51 | 2025 | billion U.S. dollars |
| Current Account, quarterly | 5.55 | 12/2025 | percent |
| Trade balance, percent of GDP | 2.74 | 2024 | percent |
| Trade balance, in dollars | 20.41 | 2024 | billion U.S. dollars |
| Reserves | 62.57 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 0.73 | 2024 | percent |
| Remittances | 5,227.73 | 2025 | million U.S. dollars |
| Net errors and omissions | 51,584.39 | 2024 | million USD |
| External debt | 162.21 | 2024 | percent |
| Short-term external debt | 32.73 | 2024 | percent |
| Short-term debt to reserves | 512.24 | 2024 | percent |
| External debt in foreign currencies | 51.83 | 2005 | percent |