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Includes historical data for Sweden’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

An Export-Oriented Economy With Low Corporate Taxes

Sweden’s economy is export-oriented, highly diversified, and competitive, making it the largest among Nordic nations. With a population of close to 11 million people, the country boasts a high standard of living, extensive welfare benefits, and a well-educated labor force. Furthermore, its stable political environment, low levels of corporate tax, and regulatory efficiency make it a preferred destination for foreign direct investment.

However, Sweden also faces challenges, including vulnerability to fluctuations in global demand, substantial household debt and labor regulations among Europe’s most stringent. Additionally, while the exceptional influx of migrants represents a positive demographic shift, their successful integration into Swedish society and economy remains a critical issue.

Macroeconomy & Sovereign Data

Type of Government Parliamentary constitutional monarchy
Capital Stockholm
Sovereign Ratings S&P: AAA
Moody’s: AAA
Fitch: AAA
Total Population 10.7 million
Median Age 39.8
Adult Per Capita Income (PPP) 73,037.05
Total GDP (2023) 623.1 billion

Sweden GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 187.1 billion (2023)
Leading Exports Cars And Vehicle Parts
Refined Petroleum
Packaged Medicines
Broadcasting Equipment
Total Imports USD 203.7 billion (2022)
Leading Imports Cars And Vehicle Parts
Crude Petroleum
Refined Petroleum
Broadcasting Equipment
Source: World Integrated Trade Solution

Sweden Leading Companies

Svenska Handelsbanken  Financials
SEB AB  Financials
Swedbank  Financials
Volvo Group  Transport Manufacturing
Ericsson  Technology
Telia  Media and Communications
H&M – Hennes & Mauritz  Apparel and Textiles

Major Trade Partners — Import

Germany 17%
Norway 10%
Netherlands 10%
Denmark 7%
China 7%

Source: World Integrated Trade Solution

Major Trade Partners — Export

Norway 11%
Germany 10%
United States 8%
Denmark 8%
Finland 7%

Source: World Integrated Trade Solution

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000