Swedish Q1 current account surplus up to 55.8 billion kronor
The Local · 27 May 2005, 12:55
Published: 27 May 2005 12:55 GMT+02:00
The surplus on trade in goods amounted to 42.3 billion kronor, down 3.6 billion compared with the corresponding period in 2004. Trade in services showed a surplus of 10 billion kronor, up 2.7 billion; and the income balance (compensation to employees and investment income) a surplus of 11.2 billion kronor, a rise of 5 billion compared with the previous year.
The net sum of current transfers and the capital balance gave a deficit of 7.4 billion during Q1 2005. Compared with the corresponding period in 2004, this entails a decline of 1.5 billion kronor.
Net direct investment amounted to a net outflow of 59.7 billion kronor, compared with a net outflow of 42 billion for the period last year.
Portfolio investment income showed a deficit of 4.8 billion kronor during the first quarter, almost halving the deficit of the same period last year.