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Sweden
Introduction
Key Economic Facts
Sweden is a country located in Northern Europe bordering
the Baltic Sea, Gulf of Bothnia, Kattegat, and Skagerrak.
Neighboring countries include Finland and Norway. It boasts
a strategic location along Danish Straits
linking Baltic and North Seas. The
geography of Sweden is mostly flat with
mountains in the west. The government
system is a constitutional monarchy; the
chief of state is the king, and the head of government is the
prime minister. Sweden has a mixed economic system in
which there is a variety of private freedom, combined with
centralized economic planning
and government regulation.
Sweden is a member of the
European Union (EU).
Income Level (by per capita
GNI):
Level of Development:
GDP, PPP (current international
$):
GDP growth (annual %):
GDP per capita, PPP (current
international $):
Manufacturing, value added (%
of GDP):
Current account balance (BoP,
current US$):
Inflation, consumer prices
(annual %):
Labor force, total:
Unemployment, total (% of
total labor force) (modeled ILO
estimate):
Imports of goods and services
(current US$):
Exports of goods and services
(current US$):
Location:
Capital City:
Chief of State:
Head of Govt.:
Currency:
Major Languages:
Northern Europe
Stockholm (+1 GMT)
King Carl XVI Gustaf
Prime Minister Stefan Löfvén
Swedish kronor (SEK)
Swedish (official), small Sami- and
Finnish-speaking minorities
Primary Religions: Lutheran 87%, other (includes Roman
Catholic, Orthodox, Baptist, Muslim,
Jewish, and Buddhist) 13%
Calling Code: 46
Voltage: 230
Key Websites
Main Government Page: sweden.gov.se
Export Promotion Agency: kommers.se
Investment Promotion business-sweden.se
Agency:
Risk Assessment (Provided by Coface)
High Income
Developed
$469.01 billion (2015)
4.08% (2015)
$47,861.97 (2015)
17.00% (2015)
$23.25 billion (2015)
0.98% (2016)
5,248,808 (2016)
7.09% (2016)
$202.46 billion (2015)
$225.99 billion (2015)
GDP Composition %
Agriculture
Industry
Manufacturing
U.S. Embassy
Services
72
1
26
17
*Although Manufacturing is included in the Industry figures, it is also separately
reported because it plays a critical role in economy.
Rankings
Index
Corruption Perceptions Index
EY Globalization Index
Global Competitiveness Index
Global Enabling Trade Index
Global Manufacturing Competitiveness Index
(GMCI)
Index of Economic Freedom
International Logistics Performance Index (LPI)
Inward FDI Potential Index
KOF Index of Globalization
Networked Readiness Index (NRI)
Open Budget Index
Country rating: A1 - The political and economic situation is
very good. A quality business environment has a positive
influence on corporate payment behavior. Corporate default
probability is very low on average.
Business Climate rating: A1 - The business environment
is very good. Corporate financial information is available and
reliable. Debt collection is efficient. Institutional quality is
very good. Intercompany transactions run smoothly in
environments rated A1.
Strengths
• Open, diversified and competitive economy
• Specialization in high-tech products and green
economy
• Sound public finances
• Increasingly dynamic demographics
Weaknesses
• Highly concentrated banking sector
• Tensions on the real estate market
• Significant household debt
Dag Hammarskjölds Väg 31
SE-115 89 Stockholm, Sweden
American Embassy Stockholm,
US Department of State, 5750 Stockholm Place
Washington DC 20521
Tel: (+46) 08 783 5300
http://stockholm.usembassy.gov/
Rank
4 / 176
7 / 60
6 / 138
5 / 136
13 / 40
19 / 180
3 / 160
8 / 139
8 / 187
3 / 139
2 / 102
Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV