Internal tourism expenditure on tourism characteristic products in Sweden has experienced significant fluctuations over the past decade. Actual data up to 2023 indicated a notable dip in 2020 due to the COVID-19 pandemic, with recovery in the subsequent years. By 2023, the value stood at 203.92 Billion Swedish Kronas. Analyzing year-on-year variations, we observe substantial annual growth in years like 2014, 2016, and especially post-pandemic recovery in 2021 and 2022. The Compound Annual Growth Rate (CAGR) over the last five years stood at 1.76%, indicating a moderate but steady recovery.
Looking into future trends, analysts forecast a 5-year CAGR of 2.33% through 2028, suggesting a continued positive trajectory. Key factors to watch include evolving consumer behavior, economic conditions, and potential global disruptions.
