From 2013 to 2023, the value added of ICT and Information Services in Sweden experienced a consistent upward trend, growing from SEK 117.15 billion to SEK 226.21 billion. Notable year-on-year variations include strong growth in 2018 (17.31%) and 2019 (16.38%). A slight decline was observed in 2016 (-5.33%) and 2020 (-0.26%). Over the past five years, the sector averaged an annual growth rate (CAGR) of 5.33%. As of 2023, the value stood at SEK 226.21 billion.
Future trends to watch for:
- The forecasted annual growth rate for the next five years is lower at 2.57%, indicating a potential deceleration in growth pace.
- Increased emphasis on digital transformation and emerging technologies such as AI and 5G are expected to drive further growth in Sweden's ICT and Information Services sector.
