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Destination fact sheet

Sweden (Pays)

The Swedish economy is very open, as exports represent about 45% of the GDP. They are mostly related to the logging, telecommunications, automotive and pharmaceutical industries, among others. Its exports are mainly oriented toward Europe (70%). Although the Swedish krona has now returned to its pre-crisis levels, the local businesses have been hampered by its strong appreciation vis-à-vis the euro between 2009 and 2012.

Sweden posted a significant growth in GDP in 2016 (+3.4%), supported by rising private consumption and investments (+6.6%). Sweden initiated major investments in construction (public buildings, real estate…) as it benefits from low debt (41.6% of its GDP) while its population increased significantly over the past few months, driven notably by arrivals of migrants. After regaining momentum in 2014, exports kept rising in 2016 and posted a 2.3% growth rate, albeit lower than in 2015 (+5.9%).

Well capitalised, Sweden’s banking system remains highly concentrated. The four major banks own 86% of total assets, while private debt, notably of households, is at a high level (186% of GDP). Meanwhile, the country’s deficit and its public debt remain moderate in 2016. Sweden’s economy has sound basics: the country has well-developed transport and communication infrastructures and highly qualified labour force. Population and government expenses are expected to increase in the future, especially given the significant migratory flows to the country.

Key information

116,987 rooms Corporate operated chain supply as of 01/01/2017 (rooms)
1,941 hotels Corporate operated chain supply as of 01/01/2017 (hotels)

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