Sweden is a country located in Northern Europe bordering the Baltic Sea, Gulf of Bothnia, Kattegat, and Skagerrak. Neighboring countries include Finland and Norway. It boasts a strategic location along Danish Straits linking Baltic and North Seas. The geography of Sweden is mostly flat with mountains in the west. The government system is a constitutional monarchy; the chief of state is the king, and the head of government is the prime minister. Sweden has a mixed economic system in which there is a variety of private freedom, combined with centralized economic planning and government regulation. Sweden is a member of the European UnionEU. Previously called the European Community. An internation... (EU).
Sweden as a neutral country did not actively participate in World War II, it did not have to rebuild its economic base, banking system, and country as a whole, as did many other European countries. Sweden has achieved a high standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. Sweden has the second highest total taxA fee imposed by a government on personal or corporate incom... revenue behind Denmark, as a shareAny of the equal units into which a company's capital stock ... of the country’s income. As of 2012, total taxA fee imposed by a government on personal or corporate incom... revenue was 44.2% of GDP, down from 48.3% in 2006. The National Institute of Economic researchThe gathering of information, facts, data, etc., about a par... predicts GDP growth of 1.8%, 3.1% and 3.4% in 2014, 2015 and 2016 respectively. A comparison of upcoming economic growthAn increase in a region's or nation's production of goods an... rates of EU countries revealed that the Baltic states, Poland, and Slovakia are the only countries that are expected to keep comparable or higher growth rates.
Economic growthAn increase in a region's or nation's production of goods an... slowed in 2013, as a result of continued economic weakness in Sweden’s European trading partners; Sweden’s economyThe management of money, currency and trade of a nation. The... experienced modest growth in 2014-15, with real GDP growth above 2%, but continues to struggle with deflationary pressure.
Important Details
- Country ISO3 : SWE
- Country Code : 752
- Income Group : High income
- Lending Category : NA
- Region : Europe & Central Asia
- Currency Unit: Swedish krona
- WTO Member : Yes
- TradeThe buying and selling or exchange of goods and services. Th... organisations : EU, OSCE, WTO, OECD and others
- world rank : 26
- Regional Ranking : 14th in Europe
