World Economy/Sweden

🇸🇪

Sweden

SWE

Europe • Sovereign Currency: SEK

Analyze Sweden with Schema AI

Nominal GDP

$0.6T

2024

Annual GDP Growth

+0.8%

YoY Q3 2024

Inflation (CPI)

1.5%

Oct 2024 CPIF

Policy Rate

2.75%

Riksbank Policy Rate

10Y Sovereign Yield

2.12%

10Y Benchmark Bond

Unemployment Rate

8.5%

Oct 2024

Debt-to-GDP

31.5%

2024

Trade Balance

+$1.9B

Oct 2024

BLOOMBERG ECONOMICS MONETARY POLICY TRANSMISSION

🇸🇪SVERIGES RIKSBANK POLICY DASHBOARD

Target Instrument: Riksbank Policy Rate • Sovereign: Sweden (SWE)

STANCE: neutral

Next Meeting: 2026-12-19

LOOSER CONDITIONSIN LINE WITH TARGETTIGHTER CONDITIONS

STATUTORY BENCHMARK

2.75%Unchanged (0 bps)

Riksbank Policy Rate

REAL CARRY SPREAD (r - π)

+1.25%

Neutral Equilibrium

OVERNIGHT BENCHMARK (SWESTR)

2.70%-5 bps

Swedish Krona Short-Term Rate

YIELD CURVE SLOPE (10Y - r)

-0.63%

Inverted Term Structure

WAGES & PRICES2 METRICS

Headline CPI Inflation (YoY)Oct 2024 CPIF

Subdued inflation pressure tracking below target baseline

Statistics SwedenRef

1.50%

IN LINE

Distance to Inflation Target (2.0%)Oct 2024 CPIF

Inflation below 2% target anchor by 0.50 percentage points

Statistics SwedenRef

-0.50%

LOOSER

SUPPLY & DEMAND2 METRICS

Annual Real GDP Growth RateQ3 2024

Sluggish real economic momentum

Statistics SwedenRef

0.80%

MILD TIGHT

Unemployment Rate (Labor Slack)Oct 2024

Elevated civilian labor slack exerting downward wage pressure

Statistics SwedenRef

8.50%

MILD TIGHT

FINANCIAL CONDITIONS4 METRICS

Riksbank Policy RateRiksbank Policy Rate

Official statutory policy target rate set by Sveriges Riksbank

Sveriges RiksbankRef

2.75%

LOOSER

Real Carry Rate (Policy - CPI)Calculated

Positive real return regime delivering restrictive monetary drag

Sveriges Riksbank vs Statistics Sweden

+1.25%

LOOSER

10-Year Sovereign Benchmark Yield10Y Benchmark Bond

Long-term sovereign borrowing benchmark discounting term premium & inflation risk

RiksgäldenRef

2.12%

LOOSER

Yield Curve Slope (10Y - Policy Rate)Calculated

Inverted yield curve by 0.63% signaling restrictive monetary drag

Sovereign Debt Desk vs Central Bank Target

-0.63%

TIGHTER

EXTERNAL & FISCAL2 METRICS

Current Account / Trade BalanceOct 2024

Trade balance surplus reinforcing sovereign foreign exchange buffer

Statistics SwedenRef

+$1.9B

MILD LOOSE

General Government Debt / GDP2024

Fiscal debt load within statutory prudential headroom boundary

Swedish National Debt OfficeRef

31.50%

LOOSER

HISTORICAL RATE DECISION TRAJECTORY (RIKSBANK POLICY RATE)

Verified Chronological Decisions

2026-10-09

2.75%

Policy Assessment Summary: Key policy interest rate of Sveriges Riksbank.

Key Domestic Equities & Capital Markets

Major corporate champions tracked in WOWS with sovereign economic exposure

Index: OMX Stockholm 30 (OMXS30)

VOLV-B• Automotive & Heavy Industry

Volvo Group

ERIC-B• Telecom Equipment

Ericsson

ATCO-A• Industrial Machinery

Atlas Copco