In 2023, Sweden's GDP composition by sector was predominantly service-oriented, with services accounting for 48.9%. Manufacturing sectors, including mining and utilities, comprised 18.57%. Wholesale, retail trade, restaurants, and hotels held 12.63%, and transport, storage, and communication also captured 12.63%. Construction contributed 5.97%, while agriculture and related industries formed a minor share of 1.3%.
Over the past two years, services saw a modest increase. Manufacturing fluctuated slightly, while wholesale and transport remained stable. Agriculture maintained a steady yet minimal proportion. The five-year CAGR indicates a gradual rise in services, reflecting broader global trends towards service-based economies.
Future trends to monitor include potential growth in renewable energy within manufacturing, shifts in transport systems like electrification, and digital transformation in services. The impact of global supply chain changes on wholesale and manufacturing could also reshape these sectors.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 48.9 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 18.57 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 12.63 | 2016 | |
| 4 | 4 Transport, storage and communication | 12.63 | 2016 | |
| 5 | 5 Construction | 5.97 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 1.3 | 2016 |
