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.