The total hours worked in business services in Sweden stood at 3.52 billion hours in 2023. From 2013 to 2023, the sector experienced varying year-on-year growth rates, averaging an annual CAGR of approximately 1.41%. Between 2022 and 2023, the growth rate was 1.06%, indicating a slight slowdown compared to previous years. Forecasts predict a continued but modest growth, with an average yearly increase of 0.76% until 2028, where it is expected to reach 3.69 billion hours. Over the past decade, hours worked generally followed a positive trend, peaking at regular intervals.
Looking ahead, key trends to watch include the impact of digital transformation on productivity, shifts in workforce distribution due to automation, and potential changes in labor laws affecting working hours. These factors could significantly influence the projected growth and overall dynamics in the Swedish business services sector.
