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Sweden Trade (% GDP)

Sweden's trade (% GDP) fell to 104.81% in 2024, down from 106.74% in 2023, according to World Bank. This represents a decrease of 1.93% from the previous year. Sweden has trade (% GDP) higher than the global median (104.81% vs median 84.49%). Compared with the median in Europe, Sweden is lower (104.81% vs regional median 111.00%) and ranks 25th out of 44 countries in Europe.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 104.81%
2023 106.74%
2022 105.86%
2021 90.28%
2020 84.33%
2019 92.52%
2018 90.13%
2017 85.92%
2016 83.26%
2015 84.16%
2014 83.82%
2013 81.64%
2012 85.3%
2011 86.39%
2010 85.09%
2009 81.96%
2008 92.81%
2007 89.55%
2006 88.33%
2005 84.17%
2004 78.74%
2003 75.33%
2002 77.08%
2001 80.57%
2000 81.47%
1999 74.85%
1998 74.33%
1997 71.99%
1996 66.51%
1995 68.68%
1994 63.95%
1993 58.23%
1992 50.85%
1991 51.17%
1990 55.9%
1989 59.12%
1988 58.44%
1987 58.77%
1986 58.33%
1985 64.09%
1984 64.28%
1983 64.39%
1982 60.74%
1981 55.82%
1980 55.95%
1979 56.23%
1978 50.44%
1977 51.35%
1976 51.83%
1975 51.41%
1974 59.31%
1973 47.38%
1972 42.66%
1971 43.24%
1970 44.36%
1969 41.76%
1968 39.27%
1967 38.31%
1966 39.46%
1965 40.4%
1964 40.23%
1963 39.55%
1962 39.4%
1961 40.07%
1960 42.26%
Sweden Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Sweden divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $195.76B $197.53B 2024
Annual Imports $188.97B $193.24B 2024
Balance of Trade SEK -8.9B SEK 3.6B Aug'25
Exports SEK 144B SEK 153.8B Aug'25
Exports (% GDP) 54.6% 55.38% 2024
FDI Inflows (% GDP) 4.37% 3.08% 2024
Imports SEK 152.9B SEK 150.2B Aug'25
Imports (% GDP) 50.21% 51.36% 2024
Net Trade (Goods & Services, BoP) $29.33B $25.14B 2024
Tariff Rate 1.95% 2.24% 2022