Sweden » Introduction

Sweden has a population of just over 9 million. Sweden has a number of multinational companies. Swedish companies Ikea, Ericsson, Electrolux, Volvo and Saab have earned a name for themselves far beyond Sweden's borders. Swedes take pride in doing things in moderation but when it comes to innovation they are way ahead of others. Swedes have left their mark all over the world be it in terms of music or literature. From ABBA to ATMs, from Ingrid to Ingmar and from Alfred Nobel's prize to Ingvar Kamprad's Ikea stores, Swedish ingenuity has its mark everywhere.

 

Sweden’s economy thrives on its exports and its industrial sector. Along with the business of products like paper, iron and steel, innovative investment and new technologies play a strong role in boosting the country’s economy. Sweden with a society that readily embraces new technology provides multinational customers and an ideal environment for companies to test market their applications, and business models. Sweden’s advanced information, computer and social infrastructure makes it an economically stable country that holds positive prospects for the future. Despite the global financial crisis according to the Sweden’s economic indicators the country is capable of handling the rough times. Sweden exports especially exports of services is doing exceptionally well. Other major exports of Sweden include machinery, vehicles, pulp & paper, wood, steel, and chemicals. L With growing demand for labour and vacancies in companies the employment rate is expected to rise in 2008 and 2009 and the GDP are also forecast to grow in 2009. Sweden’s economic facts reveal the country as to be in a financially stable condition with favourable competitive business climate.