"The Last Time" is the first single from Agnetha Fältskog's third English solo-album I Stand Alone, released in 1987.

The song contained a different sound from Fältskog's previous work due to the West Coast American influences of the producers, Peter Cetera and Bruce Gaitsch.

Fältskog did promote the song, including visiting London in February 1988, but the single only reached No.77 in the UK.

In The Netherlands, where Fältskog traditionally had a large fan base, the single peaked at No.

For the South American market, Fältskog recorded a Spanish version of "The Last Time" called "La Última Vez".