Sweden is a strong economy with an average unemployment rate for persons of working age at almost 8%. It is a member of the European Union (EU) is ranked as the twenty-second in the world for Gross Domestic Product (GDP) and the IMF rank it as seventh for GDP per capita with the average unemployment rate for the working population age is. The National Institute for Economic Research has forecast GDP growth at around 2.5% a year. The main import origins are Germany (around $26B), Denmark (around $12B), the Netherlands ($12B), Norway ($11B) and the United Kingdom (almost $9B).
It is estimated that Sweden is the eleventh easiest country to do business according to the World Bank. There are many British companies operating in Sweden, including well known companies like BP, British Airways, GlaxoSmithKline, Burberry, BAE Systems and Royal Bank of Scotland. There are many benefits in exporting to Sweden as it is a stable economy, the workforce is educated and skilled, they are a pioneer in new technologies, English being widely used as business language, it being a geographical hub in the Nordic Region, strong currency, friendly business environment and Swedes are very open-minded. For an expats guide for starting up a business in Sweden, we’d recommend
Official Name (Local Language) | Konungariket Sverige | Capital | Stockholm | Population | 9,880,604 | Currency | Swedish Krona | GDP | $511.4 billion | Languages | Swedish | Telephone Dial In | 46 |
153,106
4,288
227
Country
Trade
% Partner Share
Germany
16,351
10.68
Norway
15,432
10.08
Finland
10,517
6.87
Denmark
10,441
6.82
United States
10,078
6.58
Export Product
Number
Petroleum oils, etc, (excl. crude); preparation
5.9%
Other medicaments of mixed or unmixed products,
5.1%
Automobiles with reciprocating piston engine di
4.0%
Transmission apparatus, for radioteleph incorpo
3.7%
Automobiles with diesel engine displacing more
2.8%
%
Product List
1.7%
Barley, wheat, sugar beets; meat, milk
%
Product List
34.2%
Iron and steel, precision equipment (bearings, radio and telephone parts, armaments), wood pulp and paper products, processed foods, motor vehicles
%
Services List
64%
Sweden is a strong economy with an average unemployment rate for persons of working age at almost 8%. It is a member of the European Union (EU) is ranked as the twenty-second in the world for Gross Domestic Product (GDP) and the IMF rank it as seventh for GDP per capita with the average unemployment rate for the working population age is. The National Institute for Economic Research has forecast GDP growth at around 2.5% a year. The main import origins are Germany (around $26B), Denmark (around $12B), the Netherlands ($12B), Norway ($11B) and the United Kingdom (almost $9B).
It is estimated that Sweden is the eleventh easiest country to do business according to the World Bank. There are many British companies operating in Sweden, including well known companies like BP, British Airways, GlaxoSmithKline, Burberry, BAE Systems and Royal Bank of Scotland. There are many benefits in exporting to Sweden as it is a stable economy, the workforce is educated and skilled, they are a pioneer in new technologies, English being widely used as business language, it being a geographical hub in the Nordic Region, strong currency, friendly business environment and Swedes are very open-minded. For an expats guide for starting up a business in Sweden, we’d recommend Everything Sweden.
Information
Importing from Sweden? Contact our local experts
Sweden Economic Statistics
https://www.regeringen.se/
https://countryeconomy.com/ratings/sweden
Sveriges Riksbank
8.569
6.9%
15%
1%
-0.5%
$511.4 billion
$49,700
Swedish Krona
SEK
High Income
6/138
6/180
12/190
5/136
Currency in Sweden