Real Effective Exchange Rate in Sweden
Sweden: Real Effective Exchange Rate was 84.01 in 2024. ▼ Falling
Real Effective Exchange Rate in Sweden, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
Sweden recorded 84.01 for real effective exchange rate in 2024.
That represents a change of up 1.7% on the previous year and down 16.0% over ten years.
Over the whole period, real effective exchange rate in Sweden peaked at 126.26 in 1996 and was at its lowest, 82.64, in 2023.
Sweden ranks 90th of 107 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Real Effective Exchange Rate in Sweden, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 118.07 | — |
| 1995 | 118.47 | +0.3% |
| 1996 | 126.26 | +6.6% |
| 1997 | 118.66 | -6.0% |
| 1998 | 116.24 | -2.0% |
| 1999 | 113.9 | -2.0% |
| 2000 | 111.18 | -2.4% |
| 2001 | 101.98 | -8.3% |
| 2002 | 104.92 | +2.9% |
| 2003 | 111.64 | +6.4% |
| 2004 | 112.08 | +0.4% |
| 2005 | 106.85 | -4.7% |
| 2006 | 105.96 | -0.8% |
| 2007 | 107.29 | +1.3% |
| 2008 | 104.61 | -2.5% |
| 2009 | 94.55 | -9.6% |
| 2010 | 99.96 | +5.7% |
| 2011 | 105.25 | +5.3% |
| 2012 | 104.54 | -0.7% |
| 2013 | 105.58 | +1.0% |
| 2014 | 100.05 | -5.2% |
| 2015 | 92.87 | -7.2% |
| 2016 | 93.5 | +0.7% |
| 2017 | 92.67 | -0.9% |
| 2018 | 88.62 | -4.4% |
| 2019 | 85.28 | -3.8% |
| 2020 | 87.18 | +2.2% |
| 2021 | 89.65 | +2.8% |
| 2022 | 84.31 | -6.0% |
| 2023 | 82.64 | -2.0% |
| 2024 | 84.01 | +1.7% |
Sweden compared with similar countries
- Sweden's 84.01 is below the median for high income countries, which is 101.37, 83% of the median. (50 countries reporting)
- Sweden's 84.01 is below the median for Europe & Central Asia, which is 99.02, 85% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 118.6 | 113.9 | 126.26 | 6 |
| 2000s | 106.11 | 94.55 | 112.08 | 10 |
| 2010s | 96.83 | 85.28 | 105.58 | 10 |
| 2020s | 85.56 | 82.64 | 89.65 | 5 |
Countries ranked near Sweden
More reference data data for Sweden
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.4328 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.2237 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 1.68 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2063 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 1.68 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.45 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.9766 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 1.13 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 8.03 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.12 (2050)
Frequently asked questions
- What is real effective exchange rate in Sweden?
- Real effective exchange rate in Sweden was 84.01 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in Sweden?
- The highest recorded value was 126.26 in 1996.
- What is the lowest real effective exchange rate recorded in Sweden?
- The lowest recorded value was 82.64 in 2023.
- How does Sweden rank for real effective exchange rate?
- Sweden ranks 90th out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in Sweden?
- Over the last ten years it is down 16.0%. The long-run trend across the full record is falling.
- Where does this Sweden data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Real Effective Exchange Rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.