- Your Partner in the Nordics
Sweden and the Nordics
The Nordic market – Sweden, Denmark, Finland and Norway – witha combined population of 27 million and a GDP of USD 1,5 trillion, is ranked as the 5thlargest economy in Europe and the 10thlargest economy in the World.
Sweden is ranked as one of the most competitive, productive and globalized countries in the world. It is a leader in innovation with highly skilled labor, agile business processes, openness to international ownership and a stable economy.
Sweden is a highly developed industrial country with a strong knowledge-based service sector. Due to the availability of raw material, traditional manufacturing industries still play an important role in the Swedish economy. Sweden maintains the manufacturing industry through highly specialized and research oriented companies. However, the service sector is now the largest employer in Sweden and accounts for more than 75 percent of the Swedish workforce.
A key feature of the Swedish economy is its openness and liberal approach to trade. Sweden has an international business environment that is modern, open and business friendly. Skilled professionals, polished business procedures, and receptivity to international partnerships make it an easy country to operate in.
Sweden’s strong public finances, sound banking system, political stability and well-performing economy make it a robust place to run a business.
Swedish GDP/capita was in 2022 55 873 USD and GDP growth was 2,6 percent.
Among most important import goods are oil, machinery, electrical equipment, information & communication products and services, road motor vehicles, textile products & apparel, tourism.
According to Forbes "Sweden is home to some of the most venerable, well-known brands in the world, including Atlas Copco, IKEA, Electrolux, Ericsson, H&M and Volvo. But Sweden has also become a haven for tech startups" One example is Spotify.
More info on the Nordics here
Info on Swedish economy, Labour market etc. here
