In 2023, Sweden's hydro power gross electricity production stood at 65.16 Thousand Gigawatthours. The year-on-year variation from 2022 to 2023 was a slight decrease of 0.15%, indicating a period of relative stability after a notable 11.72% decline from 2021 to 2022.
Analyzing the data over the last five years, the compound annual growth rate (CAGR) marked an average annual increase of 0.92%. Following years of fluctuation, the forecast indicates a minor decline, with a projected 5-year CAGR of -0.12% leading up to 2028, suggesting a minor decrease in hydro power production.
Future trends to monitor include advancements in hydroelectric technology, potential regulatory changes, and the impacts of climate change on water resources which could influence the stability and output of hydro power production in Sweden.