Sweden and the Nordics

The Nordic market – Sweden, Denmark, Finland and Norway – with a combined population of 27 million and a GDP of USD 1,5 trillion, is ranked as the 5^thlargest economy in Europe and the 10^thlargest economy in the World.

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.

Sweden consistently ranks as the EU’s most innovative country. With world class R&D performance, and a thriving startup scene, it offers the perfect springboard for taking new ideas to global markets.

According to Forbes "Sweden is home to some of the most venerable, well-known brands in the world, including Atlas Copco, IKEA, Volvo, Electrolux, Ericsson and H&M. But Sweden has also become a haven for tech startups" One example is Spotify.