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Sweden

Sweden profile

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(Last updated: 2 Jul 2010)

 

Current business situation

The Department of Foreign Affairs and Trade (DFAT) provides advice for business travellers and tourists going to Sweden. This is regularly updated, and should be checked before planning travel.

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Country facts

Capital city: Stockholm
Surface area: 450,000 sq km
Population: 9.2 million
Official language(s): Swedish
Head of State: HM King Carl XVI Gustaf
Head of Government: Prime Minister Mr Fredrik Reinfeldt
Australian exports to Sweden: A$352 million
Australian imports from Sweden: A$2,143 million
Sweden's principal export destinations: Norway, Germany, UK
Sweden's principal import sources: Germany, Norway, Denmark
(Source: Department of Foreign Affairs and Trade - Country economic fact sheet)

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Economic climate

The Swedish economy is arguably stronger now than it has been since the late 1960s. It is experiencing a phase of strong and rapidly increasing employment, at the same time as recording the second lowest inflation in the European Union after the UK, and strong current account and budget surpluses.


For the latest key economic indicators and statistics, please see the Department of Foreign Affairs and Trade country economic fact sheet.

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Political climate

Sweden is a constitutional monarchy and has had a parliamentary system of government since 1719. The Social Democratic Party has long been the natural governing party of Sweden and has held power for all but nine of the past 60 years.

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Trade relations and statistics

Sweden is a full member of the European Union but not yet not a member of the European Monetary Union (EMU). A referendum will be held in Sweden in the future regarding EMU membership.


Please see the Department of Foreign Affairs and Trade country economic fact sheet for key trade statistics.

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OECD Guidelines for Multinational Enterprises

Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the ANCP website.

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Austrade makes no warranty, express or implied as to the fitness for a particular purpose, or assumes any legal liability for the accuracy or usefulness of any information contained in this document. Any consequential loss or damage suffered as a result of reliance on this information is the sole responsibility of the user.