About Sweden in detail

Flag of Sweden	Map of Sweden

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. Sweden joined the EU in 1995, but the public rejected the euro’s introduction in a 2003 referendum. The share of Sweden’s population born abroad increased from 11.3% in 2000 to 19.1% in 2018.

Sweden’s names conventional long form: Kingdom of Sweden, conventional short form: Sweden, local long form: Konungariket Sverige, local short form: Sverige, etymology: name ultimately derives from the North Germanic Svear tribe, which inhabited central Sweden and is first mentioned in the first centuries A.D. Name ultimately derives from the North Germanic Svear tribe, which inhabited central Sweden and first mentioned in the first centuries A.D.

Sweden’s terrain is typically mostly flat or gently rolling lowlands, mountains in the west. The country’s mean elevation: 320 m, elevation extremes; lowest point: reclaimed bay of Lake Hammarsjon, near Kristianstad -2.4 m, highest point: Kebnekaise 2,111 m.

The country’s general climate is temperate in the south with cold, cloudy winters and cool, partly cloudy summers: subarctic in the north.

The total number of border countries is 2, Finland 545 km, Norway 1,666 km are the neighboring nations with the indicated border lengths. Sweden’s coastline is 3,218 km. Its marital claims are territorial sea: 12 nautical miles(adjustments made to return a portion of straits to high seas)exclusive economic zone: agreed boundaries midlinescontinental shelf: 200-m depth or the depth of exploitation. Waterways: 2,052 km (2010). Land use: agricultural land: 7.5%; arable land 6.4%; permanent crops 0%; permanent pasture 1.1%; forest: 68.7%; other: 23.8% (2011 estimate).

The population in Sweden 10,040,995 (July 2018 estimate), urban population: 85.8% of total population (2015), major urban area’s population: STOCKHOLM (capital) 1.486 million (2015), while Sweden has most Swedes live in the south where there the climate is milder, and there is better connectivity to mainland Europe; population clusters are found all along the Baltic coast in the east; the interior areas of the north remain sparsely populated. Their spoken languages are Swedish (official language), small Sami- and Finnish-speaking minorities. Main religions in Sweden are Lutheran 87%, other (includes Roman Catholic, Orthodox, Baptist, Muslim, Jewish, and Buddhist) 13%. The nation uses civil law system influenced by Roman-Germanic law and customary law. It is a(n) parliamentary constitutional monarchy, National holiday(s) National Day, 6 June (1983).

Economic overview for the country: Sweden’s small, open, and competitive economy has been thriving. Sweden has achieved a desirable standard of living with its combination of free-market capitalism and extensive welfare benefits. Sweden remains outside the eurozone primarily out of concern that joining the European Economic and Monetary Union would diminish its sovereignty over its welfare system. Timber, hydropower, and iron ore constitute a manufacturing economy’s resource base that relies heavily on foreign trade. Exports, including engines and other machines, motor vehicles, and telecommunications equipment, account for more than 44% of GDP. Sweden enjoys a current account surplus of about 5% of GDP, one of Europe’s highest margins. GDP grew an estimated 3.3% in 2016 and 2017, driven mainly by investment in the construction sector.

Swedish economists expect economic growth to ease slightly in the coming years as this investment subsides. Global economic growth boosted exports of Swedish manufacturers further, helping drive domestic economic growth in 2017. The Central Bank keeps an eye on deflationary pressures, and bank observers expected it to maintain an expansionary monetary policy in 2018. Swedish prices and wages have grown only slightly over the past few years, helping to support its competitiveness. In the short and medium-term, Sweden’s economic challenges include providing affordable housing and successfully integrating migrants into the labor market.

Natural resources of Sweden: iron ore, copper, lead, zinc, gold, silver, tungsten, uranium, arsenic, feldspar, timber, hydropower.

Main export partners for Sweden, Europe are Norway 10.3%, Germany 10.3%, US 7.7%, UK 7.2%, Denmark 6.8%, Finland 6.7%, Netherlands 5.2%, Belgium 4.4%, France 4.2% (2015) for machinery 35%, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals (2012 estimate), while the main import partners for the country are: Germany 17.9%, Netherlands 8.1%, Norway 7.8%, Denmark 7.7%, China 6%, UK 5.5%, Finland 4.6%, France 4.3%, Belgium 4.3% (2015) for machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs, clothing.

When you visit this country in Europe, consider the natural hazards in Sweden: Ice floes in the surrounding waters, especially in the Gulf of Bothnia, can interfere with maritime traffic, while infectious diseases are N/A. Also, note that Sweden faces the following environmental issues: Marine pollution (Baltic Sea and the North Sea), Acid rain damage to soils and lakes, Air pollution, Inappropriate timber harvesting practices.

You may also be interested in the countries next to Sweden around its total: 2,211 km border, like Finland, Norway.