Sweden: bankruptcy growth after COVID-19 and inflation

From March to June 2020, the number of bankruptcies showed a sharp increase as a consequence of the spread of the coronavirus in Sweden and the world. In March and April 2021, there were fewer bankruptcies than the previous year. Moreover, the number of bankruptcies increased across all industries in June 2023, which must be seen in relation with the rising inflation rates. The first case of the coronavirus in Sweden was confirmed on February 4, 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Growth in bankruptcies after the coronavirus outbreak and rising inflation in Sweden from March 2020 to November 2023, by industry (compared to the previous year)

Characteristic	Trade in motor vehicles (incl. service)	Restaurant and hotel	Information and communication	Wholesale	Transportation	Surveillance, real estate services, office services, etc.	Law, economics, science and technology	Retail	Construction	Other service companies and companies for personal services, etc.
Mar 20	-28%	123%	25%	28%	105%	39%	31%	-17%	20%	25%
Apr 20	41%	141%	65%	57%	-11%	13%	60%	49%	1%	25%
May 20	43%	54%	-19%	8%	-8%	-11%	33%	3%	-22%	-5%
Jun 20	86%	76%	29%	22%	20%	6%	3%	-4%	-8%	-38%
Jul 20	13%	22%	-30%	85%	0%	-21%	65%	-8%	-15%	-33%
Aug 20	-11%	-37%	8%	-14%	100%	0%	-22%	-27%	-25%	-36%
Sep 20	-46%	-29%	-40%	-27%	37%	-17%	-29%	-27%	-17%	-50%
Oct 20	-41%	-8%	-11%	-22%	11%	-13%	-41%	-19%	-20%	-39%
Nov 20	-14%	12%	-48%	16%	26%	-21%	14%	-2%	-3%	40%
Dec 20	25%	11%	-20%	58%	3%	-13%	60%	13%	60%	8%
Jan 21	46%	8%	-27%	-24%	-15%	-14%	24%	0%	-14%	-25%
Feb 21	-5%	48%	-20%	-48%	-23%	-52%	0%	-11%	-13%	36%
Mar 21	-14%	-32%	-19%	-31%	-35%	0%	-19%	-24%	-23%	-27%
Apr 21	-37%	-59%	-35%	-65%	-48%	-81%	-53%	-54%	-29%	-43%
May 21	-16%	-24%	6%	-26%	-36%	-69%	-42%	-41%	24%	-5%
Jun 21	10%	-8%	-31%	-30%	-15%	-24%	-3%	16%	21%	70%
Jul 21*	-6%	11%	44%	-41%	65%	13%	-37%	-20%	-16%	38%
Aug 21	-19%	-28%	-38%	-50%	-17%	9%	-13%	3%	6%	63%
Sep 21*	31%	5%	38%	16%	43%	15%	-3%	-9%	5%	80%
Oct 21	3%	-16%	-8%	-30%	-10%	-27%	-15%	-15%	-1%	9%
Nov 21	8%	-13%	-4%	-25%	-10%	-30%	-14%	-13%	-1%	-
Dec 21	-23%	-27%	-5%	-51%	-34%	18%	-13%	-15%	-14%	29%
Jan 22**	-15%	-27%	-11%	21%	-50%	-30%	-38%	-23%	-25%	18%
Apr 22	-50%	-16%	9%	24%	0%	86%	24%	-8%	-5%	-31%
Nov 22	31%	25%	8%	9%	24%	129%	16%	44%	30%	16%
Jun 23	31%	90%	38%	29%	34%	33%	38%	33%	20%	109%
Nov 23	-32%	-20%	48%	-13%	-15%	-21%	32%	12%	24%	32%

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Release date

December 2023

More information

Region

Sweden

Survey time period

March 2020 to November 2023

Special properties

Incl. stock companies, trade and limited liability companies, and individual business operations

Supplementary notes

* 'Surveillance, real estate etc. marked as 'employment and leasing service' this month.

**Real estate activities instead of Other service companies etc. this month.

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