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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)
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