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CompareEconomy.com Comparison of world economies

Sweden

World Rank 23 5.64 Sweden flag svg
Capital
Area
Currency
Stockholm
450,295 km 2
Swedish krona (SEK)

Table of Contents

Introduction

The official name of Sweden is the Kingdom of Sweden. It is one of the Nordic countries with the capital in Stockholm. They cover most of Scandinavia and, as a result, they are the third largest nation in the European Union. They border Norway, Finland, and Denmark by a bridge-tunnel path across the Oresund Strait.

Economy

The kingdom has a pretty attractive economy with the GDP (PPP) at around $574 billion. It gives them 9th place in the European Union - just behind Belgium and Romania, and ahead of Austria and Czech Republic.

It is important to note that due to its relatively small population count, the GDP per capita is much higher than in the case of many other nations in Europe. Its GDP per capita is almost $56,000, which is 20% higher than the average in the EU. As a result, they are ranked 7th in the region.

Population

With a total land area of 450,000 kilometers, and a population of 10.3 million people, their density is incredibly low. With 25 Swedes per square kilometer, they are ranked 198th in the worldwide density rankings.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#22 (2021)
635,663,801,201 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#18 (2021)
27,348,122,828 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#58 (2021)
8.72 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)