Sweden: Trade openness

* indicates monthly or quarterly data series
 Sweden

Trade openness: exports plus imports as percent of GDP

 Latest value 103.57
 Year 2023
 Measure percent
 Data availability 1960 - 2023
 Average 65.46
 Min - Max 38.26 - 103.57
 Source The World Bank
The latest value from 2023 is 103.57 percent, an increase from 102.99 percent in 2022. In comparison, the world average is 94.79 percent, based on data from 138 countries. Historically, the average for Sweden from 1960 to 2023 is 65.46 percent. The minimum value, 38.26 percent, was reached in 1967 while the maximum of 103.57 percent was recorded in 2023. 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 data
Sweden - Trade openness - Recent values chart

Historical series
Sweden - Trade openness - historical chart - 1960-2023




Definition: Exports plus imports as percent of GDP.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 99.93 2021 percent
 Trade openness 103.57 2023 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 53.98 2023 percent
 Exports, billion dollars 320.26 2023 billion U.S. dollars
 Growth of exports 3.30 2023 percent
 Imports, percent of GDP 49.58 2023 percent
 Imports, billion dollars 294.17 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.88 2023 percent
 Foreign Direct Investment, billion dollars 45.88 2022 billion U.S. dollars
 Portfolio investment inflows, equities -1,619.78 2023 million dollars (current)
 Current account, percent of GDP 6.80 2023 percent
 Current account, in dollars 40.07 2023 billion U.S. dollars
 Trade balance, percent of GDP 4.40 2023 percent
 Trade balance, in dollars 27.28 2023 billion U.S. dollars
 Reserves 60.86 2023 billion U.S. dollars
 Remittances, percent of GDP 0.62 2023 percent
 Remittances 3,690.08 2023 million U.S. dollars
 Net errors and omissions -17,118.64 2023 million USD
 Foreign exchange reserves 663.60 9/2024 billion
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