Sweden and Peru maintain a longstanding and evolving relationship underpinned by shared values such as democracy, the rule of law, sustainability, and innovation.
Peru plays an increasingly strategic role in Latin America. Swedish companies have a longstanding and growing presence, active across a range of sectors, including mining, energy, transport, industrial equipment, digital solutions, and healthcare.
While Peru’s growth is expected to moderate slightly in the near term, solid fundamentals, a dynamic mining sector, and strategic investments in sustainability position the country for a steady recovery and continued leadership in the region’s economic transformation.
The financial performance of Swedish companies in Peru during 2024 has been notably strong, with 85 per cent of respondents reporting profitability and 10 per cent breaking even.
The Swedish brand is an important asset for Swedish companies operating in Peru, and they feel it significantly contributes to their success. The Swedish brand is regarded as a badge of quality, safety, and sustainability, which companies think positively impacts their image and reception.
According to the survey responses, most companies mention an interest in the environmental aspects of a product or service, but given its “partially” nature, it isn’t a decisive factor.
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ABOUT THE SURVEY
The 2025 edition marks the first time the Business Climate Survey has been carried out in Peru. A total of 26 Swedish or Sweden-related companies operating in the country were invited to participate. Of these, 20 companies completed the survey, resulting in a high response rate of 76.9 per cent.
Team Sweden in Peru – comprising the Embassy of Sweden, Business Sweden, and the Peruvian-Nordic Chamber of Commerce – works in close coordination to promote Sweden’s economic interests and support the development of a sustainable and inclusive business environment. This report reflects the joint commitment of these institutions to fostering long-term engagement, transparency, and mutual benefit between Swedish and Peruvian stakeholders.
Appreciation is extended to all Swedish companies that participated in the survey. Their input has been essential in shaping this report and informing us of the path forward. Hopefully, the findings will serve as a catalyst for continued dialogue, informed decision-making, and closer cooperation in the coming years.
