Forecast: International Spending for Tourism in Sweden

In 2023, international spending for tourism in Sweden stood at 21.7 billion USD. The year-on-year growth between 2022 and 2023 was 1.56%. The five-year compound annual growth rate (CAGR) leading up to 2023 is 1.3%, indicating moderate growth following the severe decline in 2020 due to the global pandemic. From 2013 to 2019, the market saw a mix of minor fluctuations and steady increases in spending, with a significant drop in 2020. Since then, the market has been recovering steadily.

Looking forward, the forecasted growth up to 2028 suggests a CAGR of 1.25%, with an overall growth rate of 6.4% over the next five years. This indicates a steady, if moderate, positive trend.

Future trends to watch for:

• The impact of new travel regulations and economic conditions on international tourist spending.
• Emerging travel preferences and their influence on Sweden's tourism sector.
• Technological advancements in the travel sector and their potential to enhance the tourism experience in Sweden.
• The role of sustainability and eco-friendly practices in attracting international tourists.