Tue, 19 May 2026
Hunch
Sweden election4 Sep 2026

Sweden's Ulf Kristersson trails by 3 points. Can his small partner clear 4%?

Ulf Kristersson's right-wing government is about 3 points behind Magdalena Andersson's opposition, 10 days before Sweden votes on 13 September.

4 min read

What happened

A poll published ten days before Sweden’s election showed a close race between Kristersson’s government bloc and the centre-left opposition; Bloomberg put the opposition’s lead at a little over three points, its narrowest of the year.

Sweden votes on Sunday , electing all 349 seats in the Riksdag, the national parliament, along with regional and local councils. Early voting has been open since .

The race is between two groups of parties. One is the four-party opposition led by the Social Democrats under former prime minister Magdalena Andersson. The other is the three-party government of Ulf Kristersson, in power since 2022 with the support of the anti-immigration Sweden Democrats.

The polls have tightened in the last two weeks. A poll published on showed a close race with ten days to go. The Guardian wrote on that the polls pointed to a new centre-left coalition.

On Bloomberg reported that the opposition’s lead had narrowed to a little over three points, with Kristersson’s Liberal partner below the 4% a party needs to enter parliament.

The 4% line may decide the result. If the Liberals fall short, their votes win no seats. That is why a three-point gap in votes can become a gap of more than twenty seats. In 2022 the Liberals cleared the line with 4.61%, and the right-wing parties won 176 seats to 173 with a lead of less than one point in votes.

Sources: Reuters, Swedish Election Authority (2), Bloomberg 2 Sep 2026, context, Guardian

The Pattern

In four of the last eight elections the government stayed in power. We looked at every Swedish election since 1991, nine in all, and show the last eight. In four, the government’s side won more seats than its rivals and stayed in office, and in four it lost. In every close race, the seat count turned on which small parties cleared the 4% line.

4 of 8
In four of the last eight Riksdag elections, from 1994 to 2022, the sitting government's bloc won more seats than its rivals and stayed in office: 1998, 2002, 2010 and 2018. The 1991 election, outside the window, went the other way, four of nine in the full record. Two of the four were close, 173 seats to 156 in 2010 and 144 to 143 in 2018. The five removals, in 1991, 1994, 2006, 2014 and 2022, ranged from a three-seat gap in 2022 to 53 seats in 1994.
2022 Sweden, Anderssonnot held
: the government bloc of Social Democrats, Left, Greens and Centre won 173 seats to 176 for the Moderates, Christian Democrats, Liberals and Sweden Democrats; Magdalena Andersson resigned on . (Statistics Sweden; Swedish Election Authority, 2022 results; Guardian, 14 Sep 2022) Sources: [1]; [2]
2018 Sweden, Lofvenheld
: the Social Democrats, Greens and Left won 144 seats to 143 for the four-party Alliance, with the Sweden Democrats on 62; Stefan Lofven stayed in office after 134 days of talks. (Statistics Sweden; Riksdag; Guardian, 10 Sep 2018) Sources: [1]
Show the other 6 cases
2014 Sweden, Reinfeldtnot held
: the Social Democrats, Greens and Left won 159 seats to 141 for Fredrik Reinfeldt’s Alliance, and Reinfeldt requested to resign. (Statistics Sweden; Riksdag; Guardian, 15 Sep 2014) Sources: [1]
2010 Sweden, Reinfeldtheld
: Reinfeldt’s Alliance won 173 seats to 156 for the red-green bloc, two short of a majority, and he became the first non-socialist prime minister re-elected since the 1970s. (Statistics Sweden; Guardian, 20 Sep 2010) Sources: [1]
2006 Sweden, Perssonnot held
: the Alliance won 178 seats to 171 for the Social Democrats and their allies; Goran Persson conceded on the night and announced he would step down as party leader. (Statistics Sweden; Guardian, 18 Sep 2006) Sources: [1]
2002 Sweden, Perssonheld
: the Social Democrats, Left and Greens held 191 seats to 158 for the four centre-right parties, and Persson stayed on as prime minister. (Statistics Sweden; Guardian, 16 Sep 2002) Sources: [1]
1998 Sweden, Perssonheld
: the Social Democrats fell to 131 seats but with the Left and Greens held 190 to 159 for the four opposition parties; Persson’s government continued to 2006 (Statistics Sweden; Riksdag). Sources: [1]
1994 Sweden, Bildtnot held
: Carl Bildt’s four governing parties won 148 seats to 201 for the Social Democrats, Left and Greens, and Ingvar Carlsson formed a Social Democrat government on (Statistics Sweden; Riksdag). Sources: [1]

The Read

History leans towards the opposition, though by less than the summer polls suggested. Four of the last eight governments won more seats than their rivals. The two recent survivals, 2010 and 2018, came from a near-tie in votes. Today’s three-point gap sits between those and the clear defeats of 2006, 2014 and 2022.

The Liberals decide the seat count. Below 4% their votes count for nothing, and the poll Bloomberg reported on turned a three-point gap in votes into more than twenty seats between the two sides. That is why the market puts the government side’s chance of winning more seats at 40% and not closer to even.

The trend runs the government’s way. Every poll of the last two weeks has moved in the same direction, and in 2022 the Liberals cleared the line with 4.61% after polling below it for most of the campaign. The reading fails if tactical voting, when supporters of other parties vote Liberal to keep them in, lifts the Liberals over 4%. Then three points in votes becomes close to a coin-flip in seats. It also fails if the Sweden Democrats’ vote is understated, as it was in 2018 and 2022.

Disclaimer

Hunch works only from sources that are publicly available, and publishes on the basis of analysis of that material. We do not form an editorial opinion or take sides, we give a simpler and wider view of news that already exists. If information in a source we used was inaccurate, distorted, or later disputed but had already entered our analysis, Hunch accepts no liability for that. Predictions are not advice. Phase 1 markets use Hunch Points, not money.

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