Jag litar på kontoutdraget.

Because lita på is the standard Swedish expression for trust or rely on someone or something.

So:

• lita på någon = trust someone
• lita på något = trust/rely on something

You usually learn it as a whole chunk: att lita på.

This is one of those cases where the preposition is just part of the verb pattern, not something you should translate word-for-word from English.

Examples:

• Jag litar på dig. = I trust you.
• Hon litar på sina vänner. = She trusts her friends.

The base form, or infinitive, is lita.

Here are some useful forms:

• att lita på = to trust / to rely on
• litar på = trust / am trusting / rely on
• litade på = trusted / relied on
• har litat på = have trusted / have relied on

In the sentence Jag litar på kontoutdraget, litar is the present tense.

The -et is the definite ending, meaning the.

The noun is:

• ett kontoutdrag = a bank statement / an account statement
• kontoutdraget = the bank statement / the account statement

So Swedish often adds the equivalent of the to the end of the noun instead of putting a separate word before it.

This happens because kontoutdrag is an ett-word.

It is an ett-word:

• ett kontoutdrag = a bank statement
• kontoutdraget = the bank statement

Plural forms are:

• kontoutdrag = bank statements
• kontoutdragen = the bank statements

A lot of neuter nouns in Swedish use -et in the definite singular, and this is one of them.

Because Swedish normally forms compound nouns by writing them as a single word.

Here:

• konto = account
• utdrag = extract / statement

Together:

• kontoutdrag = account statement / bank statement

This is very common in Swedish. English often uses two words where Swedish prefers one compound word.

Other examples:

• bankkort = bank card
• sjukhus = hospital
• sommarjobb = summer job

Usually yes, but it can also overlap with rely on, depending on context.

In this sentence, Jag litar på kontoutdraget, the meaning is something like:

• I trust the bank statement.
• I rely on the bank statement as accurate.

With a person, lita på is very naturally trust:

• Jag litar på henne. = I trust her.

With information, documents, or systems, it can feel closer to trust or rely on in English.

This is standard Swedish main-clause word order:

• Jag = subject
• litar = verb
• på kontoutdraget = prepositional phrase

So the pattern is:

Subject + verb + rest

That is the normal order in a simple statement.

You can change the order for emphasis, but then Swedish still keeps the verb in second position:

• På kontoutdraget litar jag.

That sounds marked or emphatic, something like It’s the bank statement I trust or The bank statement is what I trust.

Yes. Swedish present tense usually covers both the simple present and the English progressive.

So:

• Jag litar på kontoutdraget can mean I trust the bank statement
• and, depending on context, I am trusting the bank statement

In most situations, English would simply say I trust the bank statement.

Swedish does not usually need a special form like English am trusting.

No. With this verb, you normally need på.

Correct:

• Jag litar på kontoutdraget.

Not standard:

• Jag litar kontoutdraget.

So it is best to memorize the pattern as:

• lita på någon
• lita på något

A rough pronunciation guide for an English speaker is:

• Jag ≈ yahg or in many dialects more like yah
• litar ≈ LEE-tar
• på ≈ paw
• kontoutdraget ≈ KON-too-oot-DRAH-get

A few helpful notes:

• j in jag sounds like English y
• å in på is a long vowel, somewhat like aw
• Swedish compound words usually have a main stress somewhere later in the compound; in kontoutdraget, the strongest stress is on drag

Exact pronunciation varies by dialect, especially jag, which is often reduced in everyday speech.

Yes. Since kontoutdraget is an ett-word, the pronoun would usually be det.

So:

• Jag litar på kontoutdraget.
• Jag litar på det. = I trust it. / I rely on it.

That is a very common replacement once the thing has already been mentioned.

Yes, it is grammatical and understandable. It sounds like someone is saying they trust the information shown on the bank statement.

Depending on context, native speakers might also say things like:

• Jag litar på uppgifterna i kontoutdraget. = I trust the information in the bank statement.
• Jag litar på att kontoutdraget stämmer. = I trust that the bank statement is correct.

But Jag litar på kontoutdraget is still a perfectly valid sentence.