After a dip in 2025, entrepreneurship continues to grow in Sweden. The share of Swedes involved in early-stage entrepreneurial activity (TEA) has risen from 8.4 to 9.6 percent. Since the early 2000s, the level of entrepreneurial activity has more than doubled. This year’s report shows that: -Despite record TEA levels, Sweden still ranks low among comparable high-income countries. Established business ownership continues to decline, and informal investment has fallen by 3.5 percentage points since its peak in 2022. -The share of early-stage entrepreneurs with international activities has fallen from around 60 to just over 30 percent over the past decade, pointing to entrepreneurship that is increasingly tied to the domestic market. -During the 2000s and 2010s, the ratio of female to male entrepreneurs in Sweden averaged 0.5. After 2020, women’s entrepreneurship developed more strongly than men’s. In recent years, however, the ratio has fallen markedly and is once again around 0.5, lower than in most comparable countries. -Sweden also stands out in its expectations of AI as a business tool: only 9.6 percent of established business owners believe AI will become important for their business, the lowest of all participating countries.