Sweden PESTLE Insights - A Macroeconomic Outlook Report

Sweden PESTLE Insights - A Macroeconomic Outlook Report
Summary

Financial intermediation, real estate, and business activities contributed 23.2% to the gross value added (GVA) in 2022, followed by mining, manufacturing, and utilities (18.4%) and transport, storage, and communications (12.2%). The three sectors are forecast to grow by 5.4%, 4.0%, and 5.1%, respectively, in 2023.

Eastern Sweden and Southern Sweden contributed 85% to the country’s GDP in 2021 and comprised 83.2% of Sweden’s population in 2022, according to Eurostat.

Key Highlights

The overall OMX (Sweden OMX Index) exhibited an upward trend over the last year. As of April 26, 2023, the index stood at 2,238.2, compared to 2,018.3 on April 26, 2022.

ScopeAccording to the World Bank, Logistic Performance Index (2023), Sweden ranked seventh out of 138 nations.Reasons to BuyMacroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operationsAlong with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.