Makrognosis

Sweden Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:SE

Model score94 / 1009 Nov 2026
Grade equivalentAA+model-implied
BandUpper investment grade0–100 scale, 100 = strongest
Rank8th of 84economies scored

Makrognosis sovereign credit model scores Sweden at 94 out of 100 as of 9 November 2026, equivalent to AA+ on the familiar letter scale — upper investment grade.

The score is down 0.10 points from 94 on 1 October 2026.

That places Sweden 8th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 35.3% of GDP, a fiscal balance of −1.6% of GDP, a current account balance of 6.5% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Sweden sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026909192939495Robomacro
Sweden sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202693.7AA+
1 October 202693.8AA+
31 July 202693.8AA+
30 July 202694.7AA+
26 July 202693.3AA+
21 June 202690.4AA
18 June 202693.7AA+
Get the Sweden sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/SE"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/SE",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Sweden, from official national and international statistics.

InputValueVintage
GDP per capitaUS$64,9572026
Real GDP growth, 5-year average2.0%2026
Inflation, recent average2.1%2026
Government debt35.3% of GDP2026
Fiscal balance−1.6% of GDP2026
Current account balance6.5% of GDP2026
Foreign-exchange reserves2.1 months of imports2026
Net international investment position59.7% of GDP2026
Governance (World Bank WGI composite)1.582026

How Sweden compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
6Germany9 Nov 202694
7Ireland9 Nov 202694
8Sweden9 Nov 202694
9Norway9 Nov 202694
10Canada9 Nov 202691
11Australia9 Nov 202690
12Japan9 Nov 202689
13United Kingdom9 Nov 202688
14Finland9 Nov 202688

All 84 economies ranked →

Sweden economic indicators

Sweden GDP (Gross Domestic Product)Sweden GDP at market prices, seasonally adjusted, current prices, SEK millionSweden Inflation Rate (CPI)Sweden Core Inflation RateSweden Unemployment RateSweden 10-Year Government Bond YieldSweden Industrial ProductionSweden Retail SalesSweden Producer Price Inflation (PPI)Sweden Current account balance (BPM6, vs rest of world), not seasonally adjusted, million EURSweden Current account balance, % of GDPSweden Current account balance, transactions, SEK billionsSweden Trade Balance: Goods & ServicesSweden Exports of goods and services, real (chain linked volumes 2020, EUR million, seasonally & calendar adjusted)Sweden Exports of goods, total, SEK millionSweden Imports of goods and services, real (chain linked volumes 2020, EUR million, seasonally & calendar adjusted)

FAQ

What is Sweden's credit rating?
Makrognosis sovereign credit model scores Sweden at 94/100 as of 9 November 2026, equivalent to AA+ (upper investment grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/SE returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.