Demographics

Sweden is one of the Scandinavian countries with numerous coastal islands and stretches through the Scandinavian Peninsula. It is the 5th largest country in Europe, occupying a landmass of 447 435 km². The Swedish passport is among the most powerful passports and ranks in 6th position after Japan, Singapore, Germany, Denmark, and a few others with visa-free entry to 180+ countries. The capital, Stockholm, is the government, scientific, business, and cultural center of Sweden.

The current population of Sweden is around 10 million, ranking 91st on the list of countries as per population. Stockholm, Goeteborg, and Malmoe are among the most populated Swedish cities. The median age for women in the region is 84 years, while for men, it is 81.

Average Salary

The working-age in Sweden is 15 to 64 years of age, and the average working hours come around 1611 hours per year. A full-time working adult makes 45,100 SEK on average every month, with the highest average salary being 201,000 SEK and the lowest 11,400 SEK. More than 50% of the working population earns more than the mean salary.

Economy

While the economy of Sweden depends highly on exports, the pandemic did not significantly affect it due to timely measures by the government. According to the Swedish government, the GDP contracted to only around 3% during the period, which is a lot less than other European countries. The main GDP sectors include agriculture accounting for 1.4% of the total GDP, with products like grains, root crops, fruits, and vegetables. Other than agriculture, the manufacturing industry and dropshipping to Sweden is also a prominent part of the growing Swedish economy.

E-commerce in Sweden

The e-commerce market in Sweden is well-established, and over 70% of Swedes make online purchases yearly. The e-sales account for 9% of the country’s total retails and are expected to rise in the next years up to $13,720 million by 2024. While e-commerce is quite widespread in Sweden, most active purchases belong to the inland municipalities in the north.

Fig. E-commerce in Sweden

Payment Gateways

People use different payment methods to make online purchases, the most common of them being credit and debit cards used by over 50% of users. Other payment methods include bank transfers, e-wallets, and COD. Though e-invoices are not widely used in many parts of the world, 15% of Swedes prefer them over other payment gateways.

Popular Products

The largest e-commerce market in Sweden is Fashion, with sales over $2.67 billion and electronic sales of $3.20 billion. Other market segments with major sales are Toys, DIY, Furniture, Personal care, and Food. People spent $8.55 billion on traveling and accommodation the past year. The expected user penetration in the next five years would reach 82.8%. Experts project the revenue to be around $13,924 million by 2025.

Dropshipping to Sweden

Dropshipping to Sweden is comfortable with Wefullfill at service. We offer swift delivery to Sweden within 8 to 12 business days for as low as $6.00. Get your products dropshipped to the desired location and track it throughout with our smart tracking system.