Together, the Nordic countries constitute the world’s 12th-largest economy. It serves as an extended home market with high purchasing power, leading innovation, companies of global competitiveness, political security, and close historical and cultural ties. There is a joint vision to become the world's most integrated region by 2030 and during 2024, Sweden holds the Presidency of the Nordic Council of Ministers.
Norway is one of Sweden’s most important business partners with highly interconnected economies. Fourty-five per cent of the Norwegian population live within 2,5 hours from Sweden.
Opportunities for business collaboration between Sweden and Norway goes beyond Scandinavia. Norway is often described as a second home market for Swedish companies, as Norway is seen as an important steppingstone to international expansion – this seen in the survey results.
Formalised through an agreement in 2021, lnnovation Norway, Business Sweden, and Business Finland, work in close collaboration within trade and invest promotion in selected initiatives. Find out more about The Nordic Battery Collaboration here. Read more about the initiatives and our six advice for doing business abroad in the report.
Please download the report to fully overview the results with a detailed analysis.
ABOUT THE SURVEY
This survey was conducted by Business Sweden in close collaboration with the Embassy of Sweden in Norway and the Norwegian-Swedish Chamber of Commerce and carried out between February and March. The report provides insights about the economic outlook in Norway, including key facts about the market and success factors for Swedish companies in Norway. Included in the report is an overview of the promotion activities of Team Sweden in Norway.
In total, c-level representatives of 68 Swedish companies in Norway (or having a substantial part of its trade with Norway) responded to the survey and answered 18 standard questions on the business climate in their main markets. Over 330 Swedish companies of the 2 600 entities in Norway were given the opportunity to participate.
Thank you to all of you who took the time to participate in the survey and contributed your thoughts and experience. We all look forward to continuing supporting the trade and business development between Sweden and Norway, bilaterally, in the Nordics and on global markets.
Watch the launch of the Norweigian Business Climate Survey 2024:
