The fourth edition of “Sweden Creates Jobs in the United States,” highlights the magnitude and depth of the economic ties between Sweden and the United States. The report provides an overview of trade and investments flows, and even more significant, it shows the number of jobs created in the US on a state-by-state level.
Sweden directly supports more than 367 000 jobs in the US.
Swedish-affiliated companies in the US create 310 000 jobs in the country; export of services from the US to Sweden supports 37 000 jobs; and export of goods from the US to Sweden supports 20 000 jobs—367 000 jobs in total. The job numbers for businesses in this study are collected from almost 650 Swedish-affiliated companies in the US. The total number of Swedish-affiliated companies active on the US market is likely more than one thousand. When adding supporting jobs, suppliers, and subcontractors, the number of jobs supported approaches one million.
The Swedish companies accounted for in this study are based in almost 3 000 locations in all 50 states in the US, as well as Washington DC and Puerto Rico. All 50 states export goods and services to Sweden. The US is the largest destination for Swedish foreign direct investment. In 2019, Sweden invested more than 61 billion USD in the US. This places Sweden as the 13th largest investor in the US, ahead of countries as China, Mexico and South Korea.
Swedish companies’ activities in the US cover a broad range of sectors. Examples include transportation (Volvo), construction (Skanska), telecommunications (Ericsson), pharmaceuticals (AstraZeneca), fashion (H&M), home appliances (Electrolux), furniture and decoration (IKEA), and tech (Spotify).
The booklet was made by Team Sweden USA - Embassy of Sweden in USA, the Consulate General of Sweden in New York, Business Sweden and the Swedish-American Chambers of Commerce of the USA.
Read and download the booklet here