The PM told newspaper Aftonbladet that he would not take part in the event, which gathers political leaders and grass roots activists from across the country.
Taking place every July since 1968, Almedalen is a unique festival where political parties, businesses, media, and other organizations gather for a week of seminars and events.
“Almedalen has become too much the realm of lobbyists and business interests and not enough a place for popular movements and individual citizens,” Löfven said to the newspaper.
Instead of appearing at Almedalen, Löfven will embark on a tour of the country, as he did in 2017.
“I want to see all of our country and hear about the dreams, problems and challenges faced by different parts of the nation, and shape policy based on that,” he told Aftonbladet.
Social Democrat economic spokesperson Magdalena Andersson, the Minister for Finance, will take Löfven’s place on the stage at the week-long political festival.
Almedalen political week is scheduled to take place between June 30th and July 7th.