FX.co ★ Sweden’s Current Account Surplus Narrows Sharply in Q4 2025 to 78.1B

Sweden’s current account surplus declined in the fourth quarter of 2025, easing to 78.1 billion from 95.1 billion in the previous quarter, according to data updated on 6 March 2026. The shift marks a notable narrowing compared with the third quarter of 2025, when the surplus had stood at 95.1 billion.

The fourth-quarter reading suggests a cooling in Sweden’s external balance position toward the end of 2025, potentially reflecting softer export performance, stronger imports, or a combination of both, alongside movements in primary and secondary income flows. While Sweden remains in surplus, the reduced gap underscores a moderation in net savings versus the rest of the world as the year closed. Investors and policymakers will be watching subsequent releases closely to see whether this narrowing proves temporary or signals a more sustained adjustment in Sweden’s external accounts.