According to the World Bank, the IMF, OECD and the Inter-American Development Bank, the economic outlook is for Argentina is very positive. Growth is projected to continue at a rate of around 3% in the coming years as the country’s exports strengthen and investment will continue to pick up speed while Argentina is aiming to restore its position in the global markets and value chains.
In total, there are more than 30 subsidiaries to Swedish companies established in Argentina as well as another 50 partnerships between Swedish and local companies, directly employing more than 25,000 people. On average, the Swedish companies have been active in Argentina for 40 years, with some companies having been present in the country for more than 100 years.
Among the key findings in the survey, 95% of the participating Swedish companies believe that the coming three years (2017-2020) is a good time to invest in Argentina, while all the Swedish subsidiaries expect an improvement in business climate under the new administration in the medium term. Most Swedish companies present in Argentina strongly believe their revenue will grow in the short and medium term. The survey also presents the Swedish companies’ focus areas for investments in the country, their current initiatives in CSR as well as what it means to be a Swedish company in Argentina.
To find out more about the results of the 2017-2018 Business Climate Survey, and how Swedish companies are creating a positive impact in the Argentinian economy and society, check out the complete document.