Despite the more negative outlook in the world economy, the 2024 Business Climate Survey reveals that many Swedish companies remain optimistic about increased turnover in the next 12 months, indicating confidence in the state of the Indonesian economy.

The Swedish and Indonesian governments continue to collaborate to advance our common interests. The Sweden-Indonesia Sustainability Partnership (SISP), launched in 2020, serves as a platform for collaboration to promote sustainable approaches across various economic sectors.

Exciting projects under the SISP program this year include initiatives in sustainable mining, renewable energy, public transport electrification, and healthcare. Swedish companies have developed a range of solutions in these sectors that align with the needs of Indonesian government agencies and companies.

Furthermore, Business Sweden is actively supporting Swedish businesses through initiatives such as the recently inaugurated Swedish technology showroom in Jakarta. This showroom aims to enhance the visibility and market presence of Swedish companies, facilitating their success in the Indonesian market, which you can read more about in the report.

Please download the report to fully overview the results with a detailed analysis. 


The 2024 Business Climate Survey will enable Team Sweden to gain a comprehensive understanding of the current conditions and aspirations of Swedish firms.

This survey is the fifth edition of the initiative in Indonesia. The data collection was conducted from February to March 2024 through online questionnaires, which were distributed to 74 Swedish companies that are doing businesses in Indonesia. Thirty-five companies responded to the survey, which represents a response rate of 47 per cent, which represents an increase from last year’s number of 43 per cent.

We extend our gratitude to all the companies that dedicated their time to provide their perspectives through the survey. Your insights have been invaluable in preparing this report.