Country Summary

2023 population pyramid



A military power during the 17th century, Sweden has not participated in any war for two centuries. An armed neutrality was preserved in both World Wars. Since then, Sweden has pursued a successful economic formula consisting of a capitalist system intermixed with substantial welfare elements.



total: 450,295 sq km
land: 410,335 sq km
water: 39,960 sq km


temperate in south with cold, cloudy winters and cool, partly cloudy summers; subarctic in north

Natural resources

iron ore, copper, lead, zinc, gold, silver, tungsten, uranium, arsenic, feldspar, timber, hydropower

People and Society


total: 10,589,835
male: 5,332,701
female: 5,257,134 (2024 est.)

Ethnic groups

Swedish 79.6%, Syrian 1.9%, Iraqi 1.4%, Finnish 1.3%, other 15.8%

(2022 est.)


Swedish (official)


Church of Sweden (Lutheran) 53.9%, other (includes Roman Catholic, Orthodox, Baptist, Muslim, Jewish, and Buddhist) 8.9%, none or unspecified 37.2% (2021 est.)

Population growth rate

0.51% (2024 est.)


Government type

parliamentary constitutional monarchy


name: Stockholm

Executive branch

chief of state: King CARL XVI GUSTAF (since 15 September 1973)
head of government: Prime Minister Ulf KRISTERSSON (since 18 October 2022)

Legislative branch

description: unicameral Parliament or Riksdag (349 seats; 310 members directly elected in multi-seat constituencies by open party-list proportional representation vote and 39 members in "at-large" seats directly elected by open party-list proportional representation vote; members serve 4-year terms)


Economic overview

high-income, largest Nordic economy; EU member but non-euro user; export-oriented led by automotive, electronics, machinery and pharmaceuticals; highly ranked for competitiveness, R&D investments and governance; slowdown triggered by high inflation, weak consumption and financial tightening

Real GDP (purchasing power parity)

$580.099 billion (2022 est.)
$564.124 billion (2021 est.)
$531.455 billion (2020 est.)

Real GDP per capita

$55,300 (2022 est.)
$54,200 (2021 est.)
$51,300 (2020 est.)

Agricultural products

wheat, milk, sugar beets, barley, potatoes, oats, rapeseed, pork, chicken, triticale (2022)


iron and steel, precision equipment (bearings, radio and telephone parts, armaments), wood pulp and paper products, processed foods, motor vehicles


$314.019 billion (2022 est.)
$299.365 billion (2021 est.)
$241.94 billion (2020 est.)

Exports - partners

Germany 10%, Norway 10%, US 9%, Denmark 8%, Finland 7% (2022)

Exports - commodities

refined petroleum, cars, packaged medicine, paper, electricity (2022)


$296.552 billion (2022 est.)
$268.334 billion (2021 est.)
$217.165 billion (2020 est.)

Imports - partners

Germany 16%, Netherlands 10%, Norway 9%, China 7%, Denmark 6% (2022)

Imports - commodities

crude petroleum, cars, refined petroleum, broadcasting equipment, garments (2022)

Exchange rates

Swedish kronor (SEK) per US dollar -
Exchange rates:
10.114 (2022 est.)
8.577 (2021 est.)
9.21 (2020 est.)
9.458 (2019 est.)
8.693 (2018 est.)

Page last updated: Wednesday, July 10, 2024