Swedish companies in the Philippines are more optimistic about future investments than their counterparts anywhere else in the world, according to a new survey.
The 2026 Business Climate Survey found that 63 percent of Swedish firms in the Philippines plan to increase investments over the next year. The Philippines ranked first among 41 surveyed markets, ahead of India and Vietnam.
The result reflects growing confidence among Swedish businesses despite concerns about corruption, geopolitical tensions, and global economic uncertainty.
Two-thirds of surveyed companies reported profits during the past year. The share was up from 55 percent in the previous survey.
Business Sweden’s Associate Sophia Mauleon said the Philippines recorded the highest share of companies planning new investments among all surveyed countries.
Swedish companies pointed to the Philippine workforce as one of the country’s greatest strengths. Respondents highlighted strong English skills, a positive work culture, and an ability to integrate into international teams.
“The Filipino team’s can-do attitude has made a measurable difference in turning ambition into results,” said IKEA Philippines Country Retail Manager Ricardo Pinheiro.
At the same time, confidence in the overall business climate has weakened. Only 31 percent of companies described conditions as good or very good, down from 41 percent last year.
Swedish Ambassador Anna Ferry said Swedish companies remain committed to the Philippines and continue to see opportunities for growth.
More than 100 Swedish companies operate in the country across sectors including retail, energy, manufacturing, digitalisation, and life sciences. Together, they support nearly 20,000 jobs.
