STOCKHOLM, Sweden, Dec. 4 (UPI) -- For the first time, foreign tourists spent more money in Sweden last summer than Swedish tourists spent abroad, the government said.
The reversal is due to the combination of a slow economy and a weak currency, a government analyst told the Swedish news agency TT.
"Sweden as a destination has had an advantage of the global financial crisis and slow economy," said Peter Terpstra of the Swedish Agency for Economic and Regional Growth. "The weak Swedish krona has also benefited tourism in Sweden."
Terpstra said during the third quarter foreign visitors spent $14.4 million more in Sweden than Swedish tourists spent abroad.
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