Even though Spain and Sweden are at opposite ends of Europe, we share similar views on what the future should hold for Europe and the world.
Sweden and Spain are working together to push for some of these priorities in policy discussions in Brussels and other multilateral fora. In parallel, the business communities of our countries have become more integrated – thereby strengthening both our political ties and our commercial relations.
Around 20,000 foreign companies are present in the Spanish market, of which around 600 are Swedish. Active participation from the Swedish business community is of crucial importance in creating a representative picture of how Swedish companies perceive the Spanish market.
2022 was a profitable year for most of the Swedish companies surveyed in Spain. Almost three out of four of the companies surveyed (74 per cent) reported a profitable year in 2022, similar to prior years surveyed.
The short-term outlook, more specifically in the coming 12 months, indicates optimism, where 76 per cent of respondents are expecting an increase in turnover, a slight increase from last year’s 74 per cent.
The “Swedish brand” is increasing in importance. Sweden has, in general, a very good reputation in Spain, and this aspect does, to some extent, contribute to the success of Swedish companies in the market. Compared to last year’s survey, this year sees quite a significant increase (from 20 per cent to 31 per cent) in companies indicating that the “Swedish brand” contributes to their business in Spain very much.
Please download the report to fully overview the results with a detailed analysis.
ABOUT THE SURVEY
Almost 180 Swedish companies out of the approximately 600 Swedish companies present in the Spanish market received the survey, and the main questions were about how these companies perceive the business climate in Spain.
Moreover, the purpose of the survey has been to track how Swedish companies operating in the Spanish market experience the market conditions, the economic situation today and the outlook for the near future. Of the companies surveyed, 62 responded, which was conducted in March-April of 2022, thus yielding a response rate of around 30 per cent.
We hope that this report will provide you with valuable insights into how Swedish companies in Spain view the business climate and market and what their expectations are for the future.
We would also like to extend our most sincere gratitude to the participating companies for the knowledge and insights that they have shared with us – for the benefit of us all.