Sweden

Continent

Europe

Capital

Stockholm

Population

10,589,835

Sub-Zones

General Information

Basic details about Sweden

Population:: 10,589,835
Area:: 450,295 sq km
Currency:: Swedish kronor
Languages:: Swedish

Economic Overview

Key economic indicators for Sweden

GDP:: $665.016 billion
GDP per Capita:: $63,100
GDP Growth:: -0.31%
Inflation:: 8.55%
Unemployment:: 7.59%
Public Debt:: 36.91% of GDP
Credit Rating:: AAA (2004)

Political System

Governance structure of Sweden

Government Type:: parliamentary constitutional monarchy
Head of State:: King CARL XVI GUSTAF (since 15 September 1973)
Head of Government:: Prime Minister Ulf KRISTERSSON (since 18 October 2022)
Judiciary:: Supreme Court of Sweden (consists of 16 justices, including the court chairman); Supreme Administrative Court (consists of 18 justices, including the court president)
Administrative Divisions:: 21 counties (lan, singular and plural); Blekinge, Dalarna, Gavleborg, Gotland, Halland, Jamtland, Jonkoping, Kalmar, Kronoberg, Norrbotten, Orebro, Ostergotland, Skane, Sodermanland, Stockholm, Uppsala, Varmland, Vasterbotten, Vasternorrland, Vastmanland, Vastra Gotaland

Major Political Parties

Not specified

International Relations

Global position and alliances

UN Member:: Yes
UN Security Council:: Permanent member
EU Member:: Yes
Diplomatic Presence:: 2900 K Street NW, Washington, DC 20007

Major Alliances and Organizations

EUNATOOECD

Economic Sectors & Trade

Detailed economic breakdown

Major Economic Sectors

Agriculture

1% (2023 est.)

Industry

23.3% (2023 est.)

Services

65.2% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

Trade Volume

Exports:: $327.876 billion
Imports:: $302.398 billion

Major Trading Partners

Germany 10

USA 10

Denmark 8

Norway 6

Netherlands 5

Economic Outlook

Sweden has a -0.31% GDP growth rate with 8.55% inflation. The economy is characterized by a strong agriculture sector.