2023: Sweden's alcohol consumption dropped 2.7%, the largest annual decline since 2014, excluding 2020, due to economic downturn and central bank rate hikes.
Sweden's alcohol consumption dropped 2.7% in 2023, marking the largest annual decline since 2014, excluding 2020. The decline can be attributed to Sweden's economic downturn, with the country's economy shrinking by 0.3% and the central bank raising interest rates to combat inflation. Alcohol consumption has been steadily declining in Sweden since 2014, with a drop of approximately 10%.
March 15, 2024
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