Tough times for Sweden's economy
AA1
LOW RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Last updated in January 2024.
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GDP |
|
|
Population |
|
|
Form of state | Constitutional Monarchy | |
Head of government | Ulf Kristersson (Prime Minister) | |
Next elections | 2026, Legislative |
- Highly skilled and educated labor force
- High value-added manufacturing industries with one of the highest levels of R&D spending in the world
- Very diversified export structure in terms of products
- Sound public finances
- Strong and effective institutions
- Relatively low corporate tax rates compared to peers
- Excessive household debt
- Steep rise in house prices
- Weak governing coalition
- Aging population
- High personal income tax compared to OECD
- High unit labor costs; strongly regulated labor market
Trade structure by destination/origin
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
Norway
10.7%
|
1 |
15.3%
Germany
|
Germany
10.0%
|
2 |
11.7%
Norway
|
United States
8.9%
|
3 |
10.5%
Netherlands
|
Denmark
7.5%
|
4 |
7.0%
China
|
Finland
7.3%
|
5 |
6.4%
Denmark
|
Trade structure by product
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
Road vehicles
11.5%
|
1 |
12.1%
Petroleum, petroleum products and related materials
|
Petroleum, petroleum products and related materials
7.3%
|
2 |
9.3%
Road vehicles
|
Medicinal and pharmaceutical products
6.7%
|
3 |
5.7%
Electrical machinery, apparatus and appliances, n.e.s.
|
Other industrial machinery and parts
5.4%
|
4 |
5.5%
Telecommunication and sound recording apparatus
|
Paper and paper manufactures
5.0%
|
5 |
4.5%
Other industrial machinery and parts
|
Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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