Tough times
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 June 2023.
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GDP |
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Population |
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Form of state | Constitutional Monarchy | |
Head of government | Ulf Kristersson (Prime Minister) | |
Next elections | 2026, general elections |

- 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
- High degree of openness to foreign investments

- Excessive household debt
- Steep rise in house prices
- Weak governing coalition
- Ageing population
- High personal income tax compared to OECD
- High unit labor costs; strongly regulated labor market
Trade structure by destination/origin
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
Norway
10.7%
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1 |
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Germany
10.3%
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2 |
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United States
8.1%
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3 |
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Denmark
7.7%
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4 |
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Finland
7.1%
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5 |
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Trade structure by product
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
Road vehicles
12.3%
|
1 |
10.2%
Road vehicles
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Medicinal and pharmaceutical products
5.9%
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2 |
8.3%
Petroleum, petroleum products and related materials
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Other industrial machinery and parts
5.7%
|
3 |
6.6%
Electrical machinery, apparatus and appliances, n.e.s.
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Petroleum, petroleum products and related materials
5.3%
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4 |
5.4%
Telecommunication and sound recording apparatus
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Paper and paper manufactures
5.0%
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5 |
4.9%
Other industrial machinery and parts
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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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