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Current account worsens slightly in Sweden

12-02-2010 16:18 BJT

STOCKHOLM, Dec. 1 (Xinhua) -- Sweden' s balance of international payments showed a slightly worsened current account in the third quarter of 2010 due to a drop in trade surplus, Statistics Sweden said Wednesday.

The surplus in the current account for the third quarter amounted to 50.3 billion kronor (about 7.2 billion U.S. dollars), 700 million kronor (about 100 million U.S. dollars) less than the same period in 2009, the government agency said in a statement.

The main factor for the decrease of surplus in the current account was the drop in trade surplus.

The net trade balance decreased and resulted in a capital inflow of 18.0 billion kronor (about 2.6 billion U.S. dollars), a clear decrease compared to the previous period, the statement said.

After the downturn of 2009, trade was now increasing again, and imports as well as exports have risen during the year. However, the strong Swedish krona has lowered exports during the quarter, resulting in a weaker trade in goods, it added.

Sweden' s GDP growth rate stood at 6.9 percent during the third quarter this year, according to Statistics Sweden.

Editor:Du Xiaodan |Source: Xinhua

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