Sweden is one of the main markets in the south of Gran Canaria and when you sneeze there in Maspalomas you get pneumonia. The Nordic market is essential for balancing the accounts of companies in areas such as San Agustín, Maspalomas and Playa del Inglés. Gran Canaria is the favorite destination of Swedes in the Canary Islands: they are the second tourists who spend the most nights in Gran Canaria with an average stay of 9,1 days in 2022. Swedish tourism generates a significant economic impact in Gran Canaria: It is estimated that in In 2022, Swedish tourists spent more than 450 million euros on the island. This sector creates jobs and wealth: It is estimated that Nordic tourism generates around 12.000 jobs in Gran Canaria.
The number of defaults, which tends to fluctuate seasonally, rose 62% from a year earlier to 902 last month, according to data compiled by credit benchmark company Creditsafe. The largest increase was recorded among hotels and restaurants, followed by consulting firms and companies in the construction sector. Swedish bankruptcies rose in February to the highest level for that month in three decades, as housing construction ground to a halt and restaurants faced lower demand amid rising prices and borrowing costs.
But positive details are coming. The 'flyskam' movement against recreational flying took off in Sweden in 2018 in reaction to the carbon footprint of the aviation sector. Aviation is an essential engine for the economy in Gran Canaria and, obviously, also in Sweden. This March, Sweden's Minister of Infrastructure, Andreas Carlson, declared the end of the flyskam movement that began in Sweden. He suggests it is no longer relevant in light of the airline industry's adoption of more sustainable technologies.
