Between 2013 and 2023, wages and salaries in the Ship and Boat Building industry in Sweden witnessed a generally declining trend. In 2013, the figure stood at 913 million SEK but progressively decreased to 732 million SEK by 2023. The yearly variations indicate fluctuations, with some years experiencing minor rebounds. For instance, in 2017, there was an 8.54% increase, but the overall trajectory continued downward, highlighted by a 0.078% decrease in 2020 and a 1.36% CAGR reduction over the last five years.

The forecast data from 2024 onward predicts a continued decline, with an estimated decrease to 673 million SEK by 2028. This is supported by a forecasted 1.34% CAGR reduction and an anticipated total five-year growth decline of 6.53% by 2028.

Trends to watch for:

Potential industry shifts due to advances in automation and technology.
Impact of international competition and global market dynamics on Swedish ship and boat building wages.
Economic policies and their effect on industrial wages and employment rates.