Sweden Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Sweden's real effective exchange rate was 101.87 in 2026 (projected), ranked 25th globally. This represents a 3.5% increase from 2025. Data from BIS, covering 1964–2026.
Overview
Sweden's real effective exchange rate stood at 101.87 in 2026, a rise of +3.41 from 2025. Based on recent trends, this figure is projected to reach 105.19 by 2027. Sweden ranked 25th globally.
Sweden’s real effective exchange rate (REER) stood at 101.87 in 2026, placing the country 25th in the global ranking and essentially level with Greece’s 101.83 and Ireland’s 102.05. The Swedish REER has traversed a 63‑year span from a high of 171.89 in 1964 to an all‑time peak of 188.30 in 1976, after which it gradually declined, reaching its lowest point of 83.45 in 2023. The recent modest appreciation to just above the 100‑point threshold reflects a combination of a comparatively strong krona and higher domestic price growth relative to its trading partners. While the 2026 figure suggests a modest re‑strengthening after the 2023 trough, the trajectory remains sensitive to external shocks, monetary policy adjustments in the euro area, and commodity price movements. Continued resilience of the Swedish economy and balanced inflation dynamics will be crucial in determining whether the REER sustains its upward drift or reverts toward the lower levels observed in the early 2020s.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 114.93 | - | - |
| 2028* trend | 110.06 | - | - |
| 2027* trend | 105.19 | - | - |
| 2026 | 101.87 | +3.41 | #25 |
| 2025 | 98.18 | +2.46 | #13 |
| 2024 | 84.55 | −10.07 | #15 |
| 2023 | 83.45 | −13.17 | #11 |
| 2022 | 84.90 | −17.89 | #13 |
| 2021 | 90.28 | −9.72 | #24 |
| 2020 | 87.71 | −10.08 | #19 |
| 2019 | 85.71 | −15.84 | #12 |
| 2018 | 89.26 | −16.95 | #19 |
| 2017 | 93.12 | −14.12 | #24 |
| 2016 | 93.94 | −12.55 | #32 |
| 2015 | 93.24 | −21.32 | #31 |
| 2014 | 100.78 | −19.95 | #63 |
| 2013 | 106.44 | −12.95 | #83 |
| 2012 | 105.12 | −14.94 | #81 |
Detected Pattern
Analysis
Sweden matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Sweden's real effective exchange rate was 101.87 in 2026. Ranked 25th globally. This represents a 3.5% increase from the previous year.
Sweden's real effective exchange rate peaked at 188.30 in 1976.
The lowest real effective exchange rate in Sweden was 83.45 in 2023.
Sweden ranks 25th globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Sweden's real effective exchange rate is projected to reach 105.19 by 2027 based on trend extrapolation.
The real effective exchange rate of Sweden in 2026 was 101.87. This ranks 25th in the world.
Cite this page
@misc{historysaid_sweden_reer,
title = {Sweden Real Effective Exchange Rate},
url = {https://historysaid.com/sweden/reer/},
publisher = {HistorySaid},
year = {2026}
}