Sweden
Sweden has one of the most extensive welfare systems in the world. Unlike its neighbour Norway it joined the EU in 1995.
Economic Strengths
Engineering sector. Highly developed and constantly updated infrastructure. Sophisticated technology. Skilled labour force & high standards of living. Public finance surplus.
Economic Weaknesses
High taxes account for almost 35% of GDP. Export oriented economy vulnerable to global economic slowdown.
| Population | 9,179,389 |
| Capital city | Stockholm |
| Currency | Swedish krona |
| World GNP Ranking | 31 |
| Unemployment | 4.5% |
| Inflation | 2.6% |
Source: Central Intelligence Agency; The World Factbook, March 2009