Sweden

Sweden, officially the Kingdom of Sweden, is a Nordic country in Northern Europe. At 450,295 square kilometres (173,860 sq mi), Sweden is the largest country in Northern Europe, the third-largest country in the European Union and the fifth largest country in Europe by area.

Sweden is the sixteenth-richest country in the world in terms of GDP (gross domestic product) per capita and a high standard of living is experienced by its citizens. Sweden is an export-oriented mixed economy. Timber, hydropower and iron ore constitute the resource base of an economy with a heavy emphasis on foreign trade. Sweden's engineering sector accounts for 50% of output and exports, while telecommunications, the automotive industry and the pharmaceutical industries are also of great importance. Sweden is the ninth-largest arms exporter in the world. Agriculture accounts for 2% of GDP and employment. The country ranks among the highest for telephone and Internet access penetration.

In terms of structure, the Swedish economy is characterised by a large, knowledge-intensive and export-oriented manufacturing sector; an increasing, but comparatively small, business service sector; and by international standards, a large public service sector. Large organisations, both in manufacturing and services, dominate the Swedish economy. High and medium-high technology manufacturing accounts for 9.9% of GDP.

The 20 largest (by turnover) registered Swedish companies in 2007 were Volvo, Ericsson, Vattenfall, Skanska, Sony Ericsson Mobile Communications AB, Svenska Cellulosa Aktiebolaget, Electrolux, Volvo Personvagnar, TeliaSonera, Sandvik, Scania, ICA, Hennes & Mauritz, IKEA, Nordea, Preem, Atlas Copco, Securitas, Nordstjernan and SKF. The vast majority of Sweden's industry is privately controlled, unlike many other industrialised Western countries, and, in accordance with a historical standard, publicly owned enterprises are of minor importance.




Sören BJÖRKMAN
Managing Director Scandinavia & Finland
soren.bjorkman@hwfsweden.se
Mobile: +46 8 59115175


Törbjorn LUNDBLAD
Sales Director Scandinavia & Finland
torbjorn.lundblad@hwfsweden.se
Mobile: +46 31799 2805




Contact Person

Fredrick NILSSON | Branch Manager
Fredrick.nilsson@hwfsweden.se
Mobile: +46 8 59115175