Nordic Companies Hurting Despite Aid
Despite the $30 billion in crisis support packages being provided by governments to help keep businesses viable and protect manufacturing output, COVID-19 has left leading top Nordic corporations hurting.
Sweden GDP and Economic Data
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Sweden economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Sweden best banks and safest banks are also available.
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Gross Domestic Product - GDP
USD 551.1 billion (2018, estimate)
GDP (Purchasing Power Parity)
Intl$ 542.0 billion (2018, estimate)
Real GDP growth
| 2014 | 2015 | 2016 | 2017 | 2018* |
| 2.6% | 4.5% | 2.7% | 2.1% | 2.3% |
*Estimate
GDP per capita - current prices
USD 53,873.4 (2018, estimate)
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GDP - composition by sector
- agriculture: 1%
- industry: 22.6%
- services: 64.8%
(2018 estimate)
Gross domestic expenditure on R&D; (% of GDP)
3.3% (2017)
OECD, data retrieved October 2019
Inflation
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 0.4% | 0.2% | 1.9% | 2% | 1.7% |
*Estimate
Unemployment rate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 7.4% | 7.0% | 6.7% | 6.3% | 6.5% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 43.7% | 42.1% | 40.4% | 38.5% | 36.9% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 0.2% | 1.1% | 1.5% | 0.9% | 0.4% |
*Estimate
Government bond ratings
Standard & Poor's: AAA
Moody's: Aaa
Standard & Poor's / Moody's (Updated January 2017)
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Largest companies
Nordea Bank, Volvo Group, SEB AB, Svenska Handelsbanken, Swedbank, H&M - Hennes & Mauritz, Telia, Atlas Copco, Ericsson, Essity Ab, Sandvik, Investor AB, Skanska, Assa Abloy, SKF Group, Hexagon, Electrolux Group, Boliden, ICA Gruppen, Epiroc, Fastighets Balder, Industrivarden, Alfa Laval, Autoliv, Lundbergs, Securitas
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Current account balance by percentage of GDP
1.7% (2018 estimate)
Exports as percent of GDP (Exports of goods and services)
47% (2018)
Shares in world total merchandising export
0.85% (2018)
Shares in world total commercial services export
1.26% (2018)
Export commodities
Machinery (26%), motor vehicles, paper products, pulp and wood, iron and steel products, chemicals (2016 est.)
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Import commodities
Machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs, clothing
Exports - major partners
Germany 11%, Norway 10.2%, Finland 6.9%, US 6.9%, Denmark 6.9%, UK 6.2%, Netherlands 5.5%, China 4.5%, Belgium 4.4%, France 4.2% (2017)
Imports - major partners
Germany 18.7%, Netherlands 8.9%, Norway 7.7%, Denmark 7.2%, China 5.5%, UK 5.1%, Finland 4.7%, Belgium 4.7% (2017)
FDI inflows
| 2016 | 2017 | 2018 |
| USD 17,355 million | USD 12,165 million | USD 11,148 million |
FDI outflows
| 2016 | 2017 | 2018 |
| USD 3,234 million | USD 22,764 million | USD 20,028 million |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| USD 1,566 million | USD 9,685 million | USD to -941 million | USD 7,445 million |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
(for a monthly update on M&A; click here )
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 10 out of 190 countries (2019)
Subcategories:
Starting a Business: 39 out of 190 countries
Dealing with Construction Permits: 31 out of 190 countries
Getting Electricity: 10 out of 190 countries
Registering Property: 9 out of 190 countries
Getting Credit: 80 out of 190 countries
Protecting Minority Investors: 28 out of 190 countries
Paying Taxes: 31 out of 190 countries
Trading across Borders: 18 out of 190 countries
Enforcing Contracts: 39 out of 190 countries
Resolving Insolvency: 17 out of 190 countries
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Global competitiveness ranking
8 out of 141 countries
(2019)
Index of Economic Freedom
Ranking: 19 / Score: 75.2 (Mostly free) (2019)
(100=totally free 0=totally repressed)
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Languages
Swedish (official), small Sami- and Finnish-speaking minorities
Religions
Lutheran 87%, other (includes Roman Catholic, Orthodox, Baptist, Muslim, Jewish, and Buddhist) 13%
Total population
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 8.591 million | 8.883 million | 9.416 million | 10.027 million | 10.613 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 73% | 83% | 84% | 86% |
Freedom House rating
Political Rights: 1
Civil Liberties: 1 (2017)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed 36.67% Mobile 130.38% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)