Evaluating the market in Sweden

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Country Risk Quarterly

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.

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Business environment in Sweden

Sweden is a wealthy Organisation for Economic Co-operation and Development (OECD) country that has a strong commercial relationship with Canada. Sweden enjoys a stable, healthy, modern economy with a strong political system. As with most modern economies, trade is highly important to Sweden’s market, and its potential for Canadian companies is high. Export Development Canada (EDC) sees excellent business and investment opportunities across a wide range of sectors in the market. Priority sectors include power and utilities, information and communications technology (ICT), transportation, mining and metals, and forestry. Sweden’s economy is prosperous and competitive, and its citizens enjoy high per capita income. While its prospects for economic growth remain relatively strong, weaker regional growth due to higher energy prices and the geopolitical impacts of the war in Ukraine will temper growth in the short term. Canadian exports to Sweden will continue to get a boost after the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) comes into effect.


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Date modified: 2023-08-04