A live album was something that many ABBA fans had demanded for several years. ABBA themselves had toyed with the idea on a couple of occasions, but always decided against it. Finally, four years after the members went their separate ways, a live collection was released after all. The tracks on the album were mostly taken from ABBA’s concerts at Wembley Arena in London in November 1979, with a few additional songs taken from the tour of Australia in March 1977 and the Dick Cavett Meets ABBA television special, taped in April 1981.
When this LP/CD was released, the band's popularity was at an all-time low and none of the members themselves were involved in the production of the album. ABBA Live contains recordings from 1977, 1979 and 1981 – much to the dismay of both music critics and ABBA fans it also had 80's synth drums overdubbed on most tracks, taking away the true live feeling of the performances. Neither did it feature any of the tracks that the band had performed live on their tours but never included on any of their studio albums, such as "I Am an A", "Get on the Carousel", "I'm Still Alive", or the original live versions of the songs from the 1977 mini-musical The Girl with the Golden Hair; "Thank You for the Music", "I Wonder (Departure)" and "I'm a Marionette", all of which had slightly different lyrics and/or musical arrangements to the subsequent studio recordings included on The Album. Several tracks had also been heavily edited, in the case of the 1979 live recording of "Does Your Mother Know" by as much as five minutes since it originally was performed on that tour as a medley with "Hole in Your Soul".
ABBA Live was the first ABBA album to be simultaneously released on LP and CD, the CD having three "extra tracks". The album did not perform very well, internationally or domestically, peaking at #49 in Sweden and only staying in the charts for two weeks. Nevertheless, it still remains the only official live album by the group. It was remastered and rereleased by Polydor/Polar in 1997, but is currently out of print.
- "Dancing Queen" (written by B. Andersson, S. Anderson, B. Ulvaeus) – 3:42
- "Take A Chance On Me" – 4:22
- "I Have A Dream" – 4:23
- "Does Your Mother Know" – 4:09
- "Chiquitita" – 5:21
- "Thank You for the Music" – 3:40
- "Two for the Price of One" – 3:31
- "Fernando" – 5:22
- "Gimme! Gimme! Gimme! (A Man After Midnight)" – 3:17
- "Super Trouper" – 4:23
- "Waterloo" (written by B. Andersson, S. Anderson, B. Ulvaeus) – 3:34