Sweden: Trade openness

* indicates monthly or quarterly data series
 Sweden

Trade openness: exports plus imports as percent of GDP

 Latest value 102.57
 Year 2022
 Measure percent
 Data availability 1960 - 2022
 Average 64.89
 Min - Max 38.52 - 102.57
 Source The World Bank
For that indicator, we provide data for Sweden from 1960 to 2022. The average value for Sweden during that period was 64.89 percent with a minimum of 38.52 percent in 1967 and a maximum of 102.57 percent in 2022. The latest value from 2022 is 102.57 percent. For comparison, the world average in 2022 based on 148 countries is 100.81 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Sweden - Trade openness - Recent values chart

Historical chart
Sweden - Trade openness - historical chart - 1960-2022




Definition: Exports plus imports as percent of GDP.

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 Related indicators Latest value Reference Measure
 Terms of trade 99.93 2021 percent
 Trade openness 102.57 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 53.04 2022 percent
 Exports, billion dollars 312.14 2022 billion U.S. dollars
 Growth of exports 7.31 2022 percent
 Imports, percent of GDP 49.89 2022 percent
 Imports, billion dollars 294.82 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 7.75 2022 percent
 Foreign Direct Investment, billion dollars 50.05 2022 billion U.S. dollars
 Portfolio investment inflows, equities -18,336.63 2022 million dollars (current)
 Current account, percent of GDP 6.80 2023 percent
 Current account, in dollars 28.49 2022 billion U.S. dollars
 Trade balance, percent of GDP 3.15 2022 percent
 Trade balance, in dollars 17.47 2022 billion U.S. dollars
 Reserves 64.29 2022 billion U.S. dollars
 Remittances, percent of GDP 0.56 2022 percent
 Remittances 3,289.44 2022 million U.S. dollars
 Net errors and omissions -30,945.41 2022 million USD
 Foreign exchange reserves 634.48 9/2023 billion
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