This site is about doing business in Sweden. Sweden is a developed, industrial country with an open, export-oriented economy, and is listed as one of the richest economies in the world. According to several business analysts and reports we expect more corporate transactions in 2013 compared to 2012, provided that the global outlook improves. The country is famous for Scandinavian style and obvious assets like IKEA, ABBA and Stieg Larsson.
Why Sweden – hub of invention – one of the most innovative countries in the world
Switzerland, Sweden and the U.K. top the Global Innovation Index for 2013.
In 2014 ranking Sweden was ranked No 3.
There are many Swedish IT start-ups like: Skype, Spotify, Klarna, Mojang (Minecraft). Read more in article in the Economist May 31 2013
- According to CNN Money Sweden took the 4th place about the most competitive countries in the world.
- Sweden is ranked as the 4th best tourist country according to Lonely Planet.
- Sweden ranked 5th place – World Happiness Report
- Global Gender Report 2013
Economic Growth according to IMF
Sweden’s economy is performing well, with real GDP growth of 3.4 percent per year in the first three quarters of 2015, up from 2.3 percent in 2014. During 2016 they estimate GDP growth of 3,7% and 2017 GDP growth of 2,8%.
Job creation was robust in the first three quarters of 2015, helping bring the unemployment rate down to 7.2 percent in the third quarter. Solid growth of about 3.7 percent is expected to continue into 2016.
Short facts about Sweden
Country: Kingdom of Sweden
Sweden is one of Europe’s larger countries. The area consists mostly of forests, mountains and lakes, and has a population of ten million people. Timber, hydro power and iron ore laid the basis for a wealth of high-tech plant and biochemical industries. During the second half of the 1900s Sweden built an advanced welfare system in terms of education, life expectancy and living standards.
Area: 410,000 /km² (158,000 sq mi) – 5th largest country in Europe and twice as big as Britain.
Population: 9,555,893 (2012) population density ~ 21 people/km²
Capital: Stockholm (843,139 inhabitants) and almost 1.9 million in the Stockholm Metropolitan Area.
Currency: Swedish crowns (SEK), the currency is floating
Government: Constitutional monarchy, parliamentary democracy
EU member: Yes
Time: GMT plus 1 hour
Language: Swedish, but English is widely spoken by most Swedes. There are five official minority languages.
Life expectancy at birth is 82.7 years for women and 78.4 years for men.
World heritage sites: 15
Sweden listed with 3 cities – in the world’s 15 most inventive cities
The citiy of Malmö (pos. 4) followed by Stockholm (pos. 8) and Gothenburg (pos. 12) are ranked among the top 15 innovative cities based on the total number of patent applications for every 10,000 residents in a metropolitan area, according to an article in Forbes.
Airports in Sweden
Stockholm: Arlanda is the biggest airport but you also have Bromma.
Gothenburg (Göteborg): Landvetter airport
Read more about flights to Sweden
Investing in Swedish Funds
Swedish funds are considered high-risk funds, since the investments are concentrated to one country and there is also high volatility on the Stockholm Stock Exchange.
Doing business in Sweden:
2013 Rank No 13,
2012 Rank No 8
Have a look at the report doing business in Sweden by clicking on the download button below:
How we can help?
Whether it is building the business case for Sweden, finding sector-specific information, industry opportunities or making invaluable introductions to the right people, we can help companies of all sizes.