In the U.S., GDP grew by 2.4% in 2017, and is expected to grow by 2-3% in the coming years; it remains a driving force in the global economy. More than 1,000 Swedish companies in various industries are already active in the U.S. These companies have a great reputation locally, widely recognized as leaders in innovation and quality. From a Swedish perspective, there are several key industrial clusters in the U.S., including IT, design, financial services, transport systems, and healthcare. A local presence in these clusters gives Swedish companies access to competence, capital, and economies of scale.
The 10 largest American industries - including manufacturing, healthcare, finance, education, and consumer products - each individually generate annual revenue greater than Sweden's total GDP. In addition, the U.S. is by far the world's largest importer of goods and services. In 2017 alone, imported goods and services totaled USD 2.9 trillion, distributed between USD 2.4 trillion in goods and USD 534 billion in services.
Business Sweden has offices in New York, Chicago, and San Francisco and covers all 50 states. We support Swedish companies as they establish themselves and grow in the U.S., offering services such as market analyses, location analyses, partnership searches, office rentals, financial administration, and recruitment.