Amazon Invests $1.5B in Sweden, Powers 10,000 Jobs

A small business in Småland is now shipping products to customers across five continents, and a Swedish startup has figured out how to lock carbon dioxide permanently into building materials. Both are powered by the same company's decade-long investment in Sweden.

Amazon has poured more than $4.5 billion USD into Sweden over the past ten years, with $1.5 billion coming in 2024 alone. That investment spans cloud infrastructure, delivery networks, and tools helping Swedish businesses sell globally, contributing over $2.6 billion to Sweden's GDP while supporting more than 10,000 jobs.

The numbers tell a compelling story about small business growth. Over 80% of Swedish companies selling on Amazon now export internationally, primarily to Germany, the United States, France, Austria, and Italy. In 2024, these Swedish sellers recorded over $280 million in export sales.

Everbrand, based in Hillerstorp, Småland, makes practical home products and jumped into international markets after Amazon launched its Swedish site. "Through Amazon we quickly gained access to a huge customer base and reached customers much faster than we could have through traditional retail," says CEO Alexander Axelsson.

Behind the scenes, Amazon Web Services has invested over $4.2 billion in data centers across Sweden's Mälardalen corridor since 2017. That infrastructure is enabling some remarkable climate innovation.

Paebbl, a Swedish climate tech startup, has developed technology that locks 200 kilograms of CO₂ permanently into every ton of building material they produce. Scaling that breakthrough requires massive computing power for simulations, digital twins, and AI-driven optimization, all running on AWS's local infrastructure.

"Getting from lab to commercial scale at the speed our planet needs requires enormous computing power," says Marta Sjögren, Paebbl's Co-Founder and Co-CEO. "AWS provides that, and by piloting our materials in their own infrastructure, they proved this isn't just technology support, it's a shared belief in decarbonizing how we build."

Volvo Cars is using the same cloud infrastructure to build software-defined vehicles. The automaker created a cloud-based testing environment that lets engineers run realistic software tests at scale without relying solely on expensive physical testing rigs, resulting in faster development cycles and quicker feature delivery to drivers.

The Ripple Effect

Amazon's investments extend into unexpected places. In Linköping, Beyond Gravity designs and manufactures satellite dispenser systems for Amazon's low Earth orbit satellite network. That partnership alone is projected to contribute over $215 million to Swedish GDP and support an average of 70 additional jobs annually through 2029.

The company has also invested in five utility-scale wind farms across Sweden, providing an estimated 786 megawatts of carbon-free energy to the grid. Meanwhile, Prime Video has partnered with Swedish production companies to launch more than 120 Swedish-language titles, bringing Swedish storytelling to millions of viewers worldwide.

Small businesses shipping globally, startups locking carbon into concrete, and clean energy powering the grid—that's what $4.5 billion in infrastructure investment looks like on the ground.