The turnover of Business and Other Management Consultancy Activities in Sweden has shown a positive trend over the years, with fluctuations indicating changes in market dynamics. Starting from 9.1 Billion Euros in 2013, it has seen a varied growth pattern, impacted by occasional dips and recoveries. Notably, 2016 experienced a significant increase of 14.07%, while 2018 saw a notable decline of 7.51%. In 2023, the turnover stood at 10.63 Billion Euros, showing a steady recovery from the dips experienced in 2018 and 2020. Over the last two years, the market showed year-on-year variations of 1.93% in 2022 and 1.87% in 2023, indicating a stabilizing trend. The Compound Annual Growth Rate (CAGR) over the last five years averages at -0.15%, reflecting a period of minimal growth with slight fluctuations.
Looking forward, the forecasted data suggests a stable growth trajectory with an average annual increase of 1.36% over the next five years, culminating in an expected turnover of 11.58 Billion Euros by 2028, representing a total growth rate of 6.98%. Future trends to watch for include the digital transformation of consultancy services, increased demand for sustainability consulting, and the potential impact of global economic uncertainties on business expenditures.
