Sweden and the Nordics

The Nordic market – Sweden, Denmark, Finland and Norway – makes up the 11th largest 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.

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 2020 SEK 471 700 and GDP growth was - 2,8 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 IKEA, Volvo, Electrolux, Ericsson and H&M. But Sweden has also become a haven for tech startups"

According to 2018 Bloomberg Innovation Index, South Korea and Sweden come out best of 50 innovative economies. Singapore comes out as number three.

More info on the Nordics here

Info on Swedish economy, Labour market etc. here