Sweden


Sweden Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Sweden; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Sveriges Riksbank
International Reserves US$ 50.214 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 549.351 billion (2011 estimate)
GDP (Purchasing Power Parity) 389.912 billion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
1.3% 2.5% 2.3% 4.2% 3.2% 4.3% 3.3% -0.8%
2009 2010 2011 2012*
-4.8% 5.8% 4% 0.9%

*Estimate

GDP per capita - current prices US$ 57,948 (2011 estimate)
GDP per capita - PPP $41,130 International Dollars (2011 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.74% 0.67% 0.56% 0.48% 0.45%

**Forecast

GDP - composition by sector
  • agriculture: 1.8% 
  • industry: 26.9% 
  • services: 71.3% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) 3.43% (2010)

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
2%(2008) 1.9% 1.4% 2.5%

*Estimate

Unemployment rate
2009 2010 2011 2012*
8.3% 8.4% 7.5%(2009) 7.5%

*Estimate

Household saving rates 12.6% (Net saving; 2012 forecast)

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
38.8% 42.5% 39.4% 37.4% 35.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
2.2% -0.9% -0.2% 0.1% -0.1%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: AAA

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$432.3 billion US$581.2 billion US$470.1 billion
Largest companies in Sweden H&M (Apparel/Footwear Retail), Autoliv (Biotechs), Ericsson (Communications Equipment), Skanska (Construction Service), Boliden (Diversified Metals & Mining), Volvo Group (Heavy Equipment), Electrolux Group (Household Appliance), SCA (Household/Personal Care), Investor (Investment services), Kinnevik (Investment services), SEB (Major Banks), Svenska Handelsbanken (Major Banks), Swedbank (Major Banks), Getinge (Medical Equipment & Supplies), Atlas Copco (Other Industrial Equipment), Sandvik (Other Industrial Equipment), SKF Group (Other Industrial Equipment), Assa Abloy (Other Industrial Equipment), Alfa Laval (Other Industrial Equipment), Hexagon (Other Industrial Equipment), Lundbergs (Real Estate), Nordea Bank (Regional Banks), TeliaSonera (Telecommunications Services), Tele2 (Telecommunications services), Swedish Match (Tobacco) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ 16.6 billion (2011 estimate)(After 2008)
Current account balance by percentage of GDP 3% of GDP (2011 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

50% (2010)

(Data released on April 2012)

Shares in world total merchandising export 1.03%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 1.82% (2011)(2007)

(Data were released in 2012)

Total exports US$177.6 billion (2012 estimate) 
Export commodities machinery 35%, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals
Total imports US$166.4 billion (2012 estimate) 
Import commodities machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs, clothing
Exports - major partners Germany 10.5%, Norway 9.3%, UK 7.4%, Denmark 6.5%, Finland 6.5%, US 5.5%, Netherlands 5.2%, France 4.9%, Belgium 4.8% (2011)
Imports - major partners Germany 18.4%, Denmark 8.2%, Norway 7.8%, Netherlands 6.1%, UK 5.9%, Russia 5.7%, Finland 5.3%, China 4.7%, France 4.6% (2011)
FDI inflows
2009 2010 2011
US$10,023 million US$-1,347 million(2009) US$12,091 million(2009)
FDI outflows
2009 2010 2011
US$25,908 million US$17,956 million US$26,850 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$6,108 million US$9,024 million(2009) US$796 million(2009) US$-4,032 million
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Vattenfall AB, Nuon NV, Netherlands, $4.7 billion(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 13 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 54 out of 185 countries(2009)

Enforcing Contracts: 27 out of 185 countries

Registering Property: 35 out of 185 countries

Getting credit: 40 out of 185 countries

Protecting investors: 32 out of 185 countries

Trading across border: 8 out of 185 countries

Paying Taxes: 38 out of 185 countries

Dealing with Construction Permits: 25 out of 185 countries

Getting Electricity: 9 out of 185 countries

Resolving Insolvency: 22 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
4

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 21 Score: 71.7 (Mostly Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+1
Total area 450,295 km2 (2006)
Capital Stockholm (2009)
Currency Swedish kronor (SEK) (2009)
Government type constitutional monarchy (2009)
Languages Swedish, small Sami- and Finnish-speaking minorities
Religions Lutheran 87%, other (includes Roman Catholic, Orthodox, Baptist, Muslim, Jewish, and Buddhist) 13%
Total population
1980 1990 2000 2012* 2017**
8.32 million 8.57 million 8.88 million 9.48 million 9.66 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
72.5% 83.1% 84% 85.2%
Population median age 41 years (2010)
Population growth rate 0.8% (2011)
Life expectancy 81 years (2010)
Adult literacy N/A
% of population living on less than $2 a day N/A
Inequality of wealth distribution (Gini index)

25 (2000)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

167.29% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 91% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Stockholm: 39th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

4.698 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TREASURY & CASH MANAGEMENT BANKS & PROVIDERS

2013:
  • REGIONAL WINNERS/Best Overall Bank for Cash Management SEB (Nordic Region, 2013)
  • REGIONAL WINNERS/Best Bank for Liquidity Management SEB (Nordic Region, 2013)
  • REGIONAL WINNERS/Best Provider of Money Market Funds Nordea (Nordic Region, 2013)
  • REGIONAL WINNERS/Best Bank for Risk Management Nordea (Nordic Region, 2013)
2012:
  • Best Overall Bank for Cash Management SEB (Global, 2012)
  • Best Bank for Liquidity Management SEB (Global, 2012)
  • Best Provider of Money Market Funds Nordea (National, 2012)
  • Best Bank for Risk Management Nordea (Global, 2012)
  • Best Bank for Payments and Collections SEB (Global, 2012)
  • Best Treasury Management Systems & Services Providers / Most Innovative New Solution Nordea’s Global Cash Pool (EUROPE, 2012)
2011:
  • Best Overall Bank for Cash Management SEB (Global, 2011)
  • Best Bank for Liquidity Management SEB (Western Europe, 2011)
  • Best Provider of Money Market Funds Nordea (National, 2011)
  • Best Bank for Risk Management SEB (Global, 2011)
  • Best Bank for Payments and Collections Nordea (National, 2011)
2010:
  • Best Overall Bank for Cash Management SEB (Global, 2010)
  • Best Bank for Liquidity Management SEB (Global, 2010)
  • Best Provider of Money Market Funds Nordea (Global, 2010)
  • Best Bank for Risk Management SEB (Europe, 2010)
  • Best CLS-Linked Bank Offering Nordea (Global, 2010)
2009:
  • Best Overall Bank for Cash Management SEB (Central and Eastern Europe, 2009)
  • Best Bank for Liquidity Management SEB (Stefan Ingves, 2009)
  • Best Provider of Money Market Funds Nordea (Global, 2009)
  • Best Bank for Risk Management SEB (Global, 2009)
  • Best CLS-Linked Bank Offering Nordea (Nordic Countries, 2009)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • REGIONAL WINNERS Swedbank (Nordic, 2013)
  • COUNTRY WINNERS SEB (National, 2013)
2012:
  • COUNTRY WINNERS SEB (Thomas Jordan, 2012)
2011:
  • REGIONAL WINNERS SEB (Philippe Hildebrand, 2011)
  • COUNTRY WINNERS SEB (Global, 2011)
2010:
  • COUNTRY WINNERS SEB (Europe, 2010)
  • REGIONAL WINNERS SEB (National, 2010)
2009:
  • COUNTRY WINNERS SEB (Nordic Region, 2009)
  • REGIONAL WINNERS SEB (Nordic Region, 2009)

WORLD'S BEST DEVELOPED MARKET BANKS

(ranking of the 50 safest banks in the world; the first is the safest)
2012:
  • SEB (Western Europe, 2012)
  • SEB (Western Europe, 2012)
2011:
  • SEB (Philipp Hildebrand, 2011)
2010:
  • Handelsbanken (Global, 2010)
2009:
  • Handelsbanken (Nordic Region, 2009)

WORLD'S BEST SUPPLY CHAIN FINANCE PROVIDERS

2012:
  • GLOBAL WINNERS / Best Integrated Trade, Supply Chain Finance and Cash Management Solutions SEB (National, 2012)
2011:
  • REGIONAL WINNERS SEB (National, 2011)
2010:
  • REGIONAL WINNERS SEB (Global, 2010)
2009:
  • REGIONAL WINNERS SEB (National, 2009)

WORLD'S BEST BANKS

2012:
  • REGIONAL SEB (National, 2012)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (EUROPE, 2012)
  • REGIONAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best in Mobile Banking Swedbank (EUROPE, 2012)
  • GLOBAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best in Mobile Banking Swedbank (CENTRAL/EASTERN EUROPE, 2012)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)
2009:
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Bill Payment & Presentment Swedbank (National, 2009)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Web Site Design Swedbank (Nordic Region, 2009)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Integrated Consumer Bank Site Swedbank (Nordic Region, 2009)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2009)

WORLD'S SAFEST BANKS

2013:
  • OVERALL SAFEST Nordea (Global, 2013)
  • OVERALL SAFEST Svenska Handelsbanken (Global, 2013)
  • OVERALL SAFEST SEB (Global, 2013)
2012:
  • OVERALL SAFEST Nordea (Global, 2012)
  • OVERALL SAFEST Svenska Handelsbanken (Western Europe, 2012)
  • OVERALL SAFEST SEB (Global, 2012)
  • REGIONAL WINNERS Nordea (Western Europe, 2012)
  • REGIONAL WINNERS Svenska Handelsbanken (National, 2012)
2011:
  • OVERALL SAFEST Nordea Bank (Global, 2011)
  • OVERALL SAFEST Svenska Handelsbanken (Global, 2011)
2010:
  • OVERALL SAFEST Nordea (National, 2010)
  • OVERALL SAFEST Svenska Handelsbanken (National, 2010)
2009:
  • OVERALL SAFEST Nordea Bank AB (publ) (Global, 2009)
  • OVERALL SAFEST Svenska Handelsbanken (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS SEB (National, 2012)
2011:
  • REGIONAL WINNERS SEB (Global, 2011)
  • COUNTRY WINNERS SEB (Global, 2011)
2010:
  • REGIONAL WINNERS SEB (Jean-Pierre Roth, 2010)
  • COUNTRY WINNERS SEB (2010)
2009:
  • REGIONAL WINNERS SEB (National, 2009)
  • COUNTRY WINNERS SEB (Global, 2009)

WORLD'S BEST INVESTMENT BANKS

2013:
  • REGIONAL WINNERS/Best Debt Bank Nordea Markets (Nordic, 2013)
  • COUNTRY WINNERS SEB (National, 2013)
2012:
  • Best Debt Bank Nordea Markets (Global, 2012)
  • Best M&A Bank SEB (Global, 2012)
  • COUNTRY WINNERS Handelsbanken (Global, 2012)
2011:
  • Best Investment Bank SEB (National, 2011)
  • Best M&A Bank SEB (Global, 2011)
2010:
  • Best Investment Bank Handelsbanken Capital Markets (National, 2010)
  • Best Equity Bank Handelsbanken Capital Markets (National, 2010)

CENTRAL BANKER REPORT CARD

2012:
2011:
2010:
2009:

WORLD'S BIGGEST BANKS

2012:
  • OVERALL BIGGEST Nordea (EUROPE, 2012)
2011:
  • OVERALL BIGGEST Nordea Bank (National, 2011)
2010:
  • OVERALL BIGGEST Nordea Bank (National, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • REGIONAL WINNERS SEB (Global, 2013)
  • COUNTRY WINNERS SEB (National, 2013)
2012:
  • COUNTRY WINNERS SEB (National, 2012)
2011:
  • COUNTRY WINNERS SEB (National, 2011)
  • REGIONAL WINNERS SEB (National, 2011)
  • REGIONAL WINNERS SEB (National, 2011)
2010:
  • COUNTRY WINNERS Handelsbanken Capital Markets (Stefan Ingves, 2010)
  • REGIONAL WINNERS Handelsbanken Capital Markets (Global, 2010)
2009:
  • COUNTRY WINNERS Handelsbanken Capital Markets (Nordic Region, 2009)
  • REGIONAL WINNERS Handelsbanken Capital Markets (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE