FX.co ★ Sweden Current Account Surplus Narrows in Q2

In the second quarter of 2025, Sweden witnessed a reduction in its current account surplus, decreasing to SEK 84.5 billion from the SEK 136 billion recorded in the same period the previous year. This contraction is attributed to a weakening across all major components, with a notable decline in investment returns affecting the primary income balance. The surplus in primary income shrank to SEK 71 billion from SEK 97 billion, while the goods surplus fell slightly to SEK 81 billion from SEK 87.1 billion. Simultaneously, there was an expansion in the services deficit, which grew to SEK 40.1 billion from SEK 21.5 billion. Furthermore, the secondary income gap increased slightly to SEK 27.5 billion from SEK 26.6 billion.