FX.co ★ Swedish Current Account Surplus Largest in Almost a Year

Sweden's current account surplus significantly rose to SEK 119.3 billion in the first quarter of 2025, up from SEK 85 billion in the same period the previous year. This represents the largest surplus since Q2 2024, primarily fueled by a notable increase in the primary income surplus, which surged to SEK 84.5 billion from SEK 53.8 billion year-over-year. Furthermore, the goods account surplus grew to SEK 101.7 billion from a previous SEK 88.2 billion. However, both the services account and the secondary income deficit experienced increases, with the services shortfall expanding to SEK 32.3 billion from SEK 30.4 billion and the secondary income gap growing to SEK 34.6 billion from SEK 26.7 billion.