During the same period, these companies invested more than €1.1 billion in the country, according to data collected by the Portuguese-Swedish Chamber of Commerce, the Swedish Embassy in Portugal and Business Sweden, which highlight the scale of the Swedish corporate presence.

Companies with Swedish capital or identity employed 18,133 people in 2024 and generated aggregate revenue of €13.1 billion during the aforementioned five-year period.

"Sweden and Portugal share a strong conviction in free trade and a joint commitment to global security. As we celebrate milestones in our EU membership (30 and 40 years, respectively), our partnership is increasingly focused on the future: innovation, sustainability, and greater European integration," reads a statement.

Ambassador Elisabeth Eklund says that the trade relationship reflects the aforementioned alignment, with Portuguese exports of goods to Sweden growing by 113% in the last five years.

Companies such as Securitas (4,470 employees), IKEA (3,200), IKEA Industry (1,752), Diaverum (1,618), and Boliden Somincor (1,324) stand out as the largest employers, reinforcing the importance of the Swedish corporate presence in the national labour market.