Real Effective Exchange Rate in Sweden

Sweden: Real Effective Exchange Rate was 84.01 in 2024. ▼ Falling

Latest (2024)
84.01
Change on year
up 1.7%
World rank
90th
of 107 countries
All-time high
126.26
in 1996
All-time low
82.64
in 2023
Years of data
31
1994–2024

Real Effective Exchange Rate in Sweden, 1994–2024

0501001501994200920241994: 118.11995: 118.51996: 126.31997: 118.71998: 116.21999: 113.92000: 111.22001: 1022002: 104.92003: 111.62004: 112.12005: 106.82006: 1062007: 107.32008: 104.62009: 94.52010: 1002011: 105.22012: 104.52013: 105.62014: 100.12015: 92.92016: 93.52017: 92.72018: 88.62019: 85.32020: 87.22021: 89.62022: 84.32023: 82.62024: 84

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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 87 Gambia 89.11 compare
  2. 88 Zambia 88.44 compare
  3. 89 Dominican Republic 87.84 compare
  4. 91 Chile 82.8 compare
  5. 92 Canada 82.31 compare
  6. 93 Malaysia 82 compare

See the full ranking of 117 places →

More reference data data for Sweden

All data for Sweden →

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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About this data

Indicator
Real Effective Exchange Rate
Source
World Bank staff calculations based on Datastream and IMF International Finance Statistics data
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
117 places, 2,839 data points, 1994–2024
Last refreshed

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.