Sweden - Transport and Logistics: Increasing trade to drive growth (Strategy, Performance and Risk Analysis)
Sweden is well positioned in terms of technological readiness, business sophistication and innovation. The country’s GDP stood at US$533.6bn in 2017 and is anticipated to post a CAGR of 5.1% over 2018-2022, rising from US$588.5bn in 2018 to US$716.7bn in 2022. An increase in investments and exports will stimulate economic growth. According to the Global Competitiveness Index 2017-2018, Sweden was ranked 10th out of 137 countries with regard to financial market development. The country performs well in terms of loan accessibility, affordability of financial services and the soundness of its banking system. Such a strong financial position has supported expenditure on transport infrastructure.
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Infrastructure development and growth in trade to drive GVA
Global transport and logistics GVA recorded a CAGR of 2.6%, from US$3.2tn in 2012 to US$3.7tn in 2017 and is anticipated to post a CAGR of 5.7%, from US$3.9tn in 2018 to US$4.8tn in 2022. Strong productivity growth in China, India and Japan is anticipated to drive the GVA.
High demand will drive fleet growth
Globally, the active fleet size of aircraft recorded a CAGR of 13.6%, from 12,869 aircraft in 2012 to 24,292 in 2017. It is forecast to post a CAGR of 7.9%, from 26,564 units in 2017 to 36,105 in 2022. A major reason will be the emergence of new full-service and low-cost carriers.
Decline in general cargo and oil tankers
Globally, the water fleet size recorded a CAGR of 2.2%, rising from 52,551 in 2012 to 58,619 in 2017 and is anticipated to post a CAGR of 3.1%, from 60,310 in 2018 to 68,153 in 2022. A key rason will be an increase in trade volumes and the transportation of bulk cargo between the US, Japan, India and China.
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