Sweden ranks among the highest in the world for quality of life, education, financial development, environmental preservation, health and human development. It is an export oriented mixed economy that relies heavily on foreign trade. Sweden is the admired place of origin for many successful global brands including IKEA, Atlas Copco, Sandvik, Electrolux, SKF, Volvo Personvagner and more.
Sweden’s vital points (as of 2019)
|GDP (billion USD)||531|
|GDP per capita (USD)||51,600|
|GDP per capita PPP (USD)||55,819|
|Purchasing power per dollar, compared to the USA||77%|
|Surface area (sq km)||447,420|
|% of population living in urban areas||88%|
|% of GDP added by agriculture – industry – services||1% – 22% – 65%|
|Ease of doing business index (1 = best, 189 = lowest)||10|
What is Sweden’s business Index and its major business sectors?
Sweden ranks 10th out of 189 world economies, in ‘ease of doing business’. In ‘trading across borders’, the country ranks 18th, projecting the effects of its liberal trade policies.
Sweden’s major industries include:
- Iron and steel
- Precision equipment
- Wood pulp and paper products
- Processed foods
- Motor vehicles
What are Sweden’s top export commodities?
- Motor Vehicles
- Paper products
- Pulp and wood
- Iron and steel products
What is Sweden’s political system and election process?
The Swedish political system is a known as a parliamentary representative democratic constitutional monarchy. General elections are held every four years. The Swedish parliament is known as the Riksdag. The Riksdag makes decisions which the government implements.
Sweden’s national holidays 2021
|New Year’s Day||January 1|
|Twelfth Night (De Facto Half Holiday)||January 5|
|Good Friday||March 25|
|Holy Saturday||March 26|
|Easter Day||March 27|
|Easter Monday||March 28|
|Walpurgis Night (De Facto Half Holiday)||April 30|
|May 1st Holiday||May 1|
|Ascension Day||May 5|
|Pentecost Eve (De Facto Half Holiday)||May 14|
|Whit Sunday||May 15|
|Mother’s Day (De Facto Holiday)||March 29|
|National Day||June 6|
|Midsummer Eve (De Facto Holiday)||June 24|
|Midsummer Day||June 25|
|All Saints’ Eve (De Facto Half Holiday)||November 4|
|All Saints’ Day||November 5|
|Christmas Eve (De Facto Holiday)||December 24|
|Christmas Day||December 25|
|Boxing Day||December 26|
|New Year’s Eve (De Facto Holiday)||December 31|
Swedish Business and Trade Potential
Swedish business interests are wide, making it host to numerous trade shows throughout the year. The shows and events cover sectors such as Food and Beverage, Décor, Horticulture, Tourism, Photography, targeting all age and interest groups.
On the trade front, Sweden’s broad-minded trade policies have supported an easy import system, and a competitive environment within the dynamic Swedish business field. As a part of the European Union and subsequently the World Trade Organisation (WTO), Sweden is an active participant in the mission to solidify and strengthen the open multilateral trading system within the WTO.
Sweden is considered among the top ten countries in the world for promising business growth by Forbes magazine, ranking at 9. It is a world leader in innovation as it evolves at every step. Open to change, fresh influences and new mindsets, Sweden is a highly progressive nation that’s why a proven business strategy is a must to learn.