Europe & Central Asia · GDP rank #22

Sweden

SE · SEK @ 0.1069/USD

Tab 04

Economics

The macro backdrop that actually bends payment behaviour. Nominal GDP, real growth, CPI, policy rate, and FX volatility set the backdrop; interchange, MDR, FX regime, and capital-control posture set the industry-specific dynamics.

Riksbank cut to 1.75% in January 2026 and has held there since (five consecutive meetings as of May). Inflation has run below target; the policy-rate path is signalled flat through 2026.

Nominal GDP

$611B

Real GDP growth

2.1%

CPI inflation

Policy rate

1.75%

Unemployment

30-day FX volatility

2.8%

Remittance inflows

$1.8B

Remittance outflows

$4.2B

FX posture

How the currency is managed

The FX regime and capital-control posture together determine how much of cross-border flow is priced against the interbank and how much is administratively steered.

FX regime: free float
Capital controls: none

30-day currency volatility

0.0%benchmark 2.5%2.8%

Scale 0-15%. Benchmark 2.5% marks the approximate median across G10 majors.