Economy

Key facts
* Currency: the Swedish Kronor.
* GDP per capita: $63.100 (2023 est)
* Unemployment: 8.3% (Sept 2020)
* Inflation: 0.4% (Sept 2020)

A strong economy with relatively low unemployment, Sweden has a high standard of living under a mixed system of high-tech capitalism and extensive welfare benefits.
Known for production of timber, hydropower, iron ore
 
Exports: refined petroleum, cars, paper, electricity, packaged medecine 

Internationally known companies
Volvo, Ericsson, Electrolux, IKEA, Hennes & Mauritz (H&M)

Export partners

Germany , Norway, US,  Denmark, Finland (2023 data)