Over
Countries
0
Since 1924
Years
0
Over
Since 1924
Area
450,000 sq. km.
Population
10,582,576 (2024).
Capital
Stockholm with 1,652,895 (2024).
Currency
Swedish krona (SEK).
Language
Swedish.
Most important industrial and agricultural products
Machinery and transport equipment, forestry, chemistry, mining and steel industries, which constitute the larger part of the Swedish export. Other important export industries are paper, woodware, iron and steel as well as electronics and telecommunications products.
Industrially, Sweden is a highly developed country and its different manufacturing industries have been largely built up on Swedish and foreign inventions.
Sweden’s economy is very strongly oriented towards exports and trade with foreign countries. Exports have in recent years accounted for over 50% of GDP. Sweden’s industrial structure consists of an unusually high degree of large internationally oriented groups. The emphasis has shifted from export of raw materials and semi manufactured products (pulp, steel, sawn wood) to finished goods, dominated by engineering products (cars, telecommunications equipment, hydroelectric power plant equipment) and, increasingly, high technology and chemical technology and biotechnology. Furthermore, the service sector is strong in Sweden.
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