The value added of business services in Sweden grew consistently from 2013 to 2023, reaching 2.4525 trillion Swedish Kronas in 2023. The year-on-year growth has varied, with significant increases in earlier years, such as 6.48% in 2015, and more moderate rates like 2.45% in 2023. Over the last two years, the growth was steady at around 2.5%. The compound annual growth rate (CAGR) from 2018 to 2023 was 3.04%, indicating a somewhat consistent upward trend.
Forecasts suggest that the growth will continue, reaching 2.7281 trillion Swedish Kronas by 2028, with a forecasted 5-year CAGR of 1.68%. The forecasted 5-year growth rate is projected to be 8.69%, pointing to a deceleration in growth relative to previous periods.
Future trends to watch for include:
• Adoption of digital transformation and new technologies.
• Growth in demand for sustainable and environmentally friendly business solutions.
• Impact of global economic conditions on business services in Sweden.
