Swedish Entrepreneurship in Decline After a trend of steady growth over the past few decades, Swedish entrepreneurship declined in 2024 across nearly all measured dimensions: the intention to start a business, startup activity, established business ownership, and women’s entrepreneurship. At the same time, the number of early-stage investors (business angels) decreased, while fear of failure increased. The share of Swedes engaged in early-stage entrepreneurial activity (TEA) dropped from 9.2 to 8.4 percent – a clear downturn following several years of growth.