Methodology

This report presents an overview of the economic impact of trade from Sweden to the United States, including estimated job-creation impact on both state and national levels.
Total Jobs Supported: Total jobs supported is the sum of “Jobs Supported by Goods Exports,” “Jobs Supported by Services Exports,” and “Employment by Swedish-Affiliated Companies.”

Jobs Supported by Goods Exports: This number is calculated based on a Department of Commerce study stating that
214 154 USD in goods exports support one job in the US. Exports of goods on the state and national level are from the International Trade Administration’s TradeStats Express tool. The difference in jobs numbers from the state levels to the national level is due to “unallocated” goods exports being included in the national level total.

Jobs Supported by Services Exports: This number is calculated based on a Department of Commerce study stating that
180 528 USD in services exports support one job in the US. Exports of services on the national level are from the Bureau of Economic Analysis’ international data. Services exports are not available on the state level and are estimated by distributing total national services exports by state, according to the percentage of the annual average national service-providing workforce present in each state. The difference in jobs from the state-level pages to the national level totals is due to the national level totals following the Bureau of Labor Statistics definition of the “United States” as the 50 states and Washington DC, while this report also includes Puerto Rico.

Employment by Swedish-Affiliated Companies: The national total of jobs supported by Swedish-affiliated companies was compiled from public financial disclosures, public self-reporting, and privately disclosed totals of employment by 181 Swedish-affiliated companies operating in the US. Six companies reported on “North America” or “the Americas” and had 75% of their reported jobs attributed to the US. For companies with no jobs total reported, 20 jobs were assigned to each known location. Jobs are distributed to the state level based on 2019 annual averages of the percentage of employees by state from the Bureau of Labor Statistics’ quarterly census of “Employment and Wages.” The difference in jobs from the state-level pages to the national level totals is due to the national level totals following the Bureau of Labor Statistics definition of the “United States” as the 50 states and Washington DC while this report also includes Puerto Rico.

Goods Exports: Total goods exports for 2019 are from the International Trade Administration’s TradeStats Express tool. Exports by HS category are from the Census Bureau’s “USA Trade Online.”

Swedish Ancestry: This information is from the Census Bureau’s 2014–2018 American Community Survey 5-Year Estimates.

Swedish-Affiliated Companies: Swedish affiliated companies were collected through input from the Embassy of Sweden in the USA, the Consulate General of Sweden in New York, the Swedish-American Chambers of Commerce of the USA and regional chambers, the Honorary Consulates of Sweden, Business Sweden, and independent open-source research. Final nationality of ownership and registration were not the only factors considered. Companies headquartered in Sweden, traditionally considered Swedish, or founded by Swedes while Swedish citizens were also included to illustrate the large economic impact and job creation effects that Sweden has on the US.

Foreign Direct Investment: Foreign direct investment for 2019 is on a historical-cost basis from the Bureau of Economic Analysis’ “Sweden Factsheet.”

Other Sources: EU-US Trade Statistics - From Eurostat Statistics Explained: USA-EU - international trade in goods statistics.

SCB Statistics Sweden.