Attribute | Value |
---|---|
Geography | |
Area | 450,295 km² |
Continent | Europe |
Land area | 410,335 km² |
Water area | 39,960 km² |
Land boundaries | 2,211 km |
Border countries |
|
Coastline | 3,218 km |
Mean elevation | 320 m |
Lowest point | -2 m |
Highest point | 2,111 m |
People | |
Population | 10,202,491 |
Official languages |
|
Religion | Church of Sweden |
Government | |
Long country name | Kingdom of Sweden |
Short country name | Sweden |
Long local name | Konungariket Sverige |
Short local name | Sverige |
Former name | Add |
Government type | Parliamentary constitutional monarchy |
Capital | Stockholm |
Economy | |
GDP (PPP) | 518,000,000,000 USD |
GDP (OER) | 535,600,000,000 USD |
GDP (real growth rate) | 2.1 % |
GDP - per capita (PPP) | 51,200 USD |
Gross national saving | 28.9 % of GDP |
Labor force | 5,361,000 |
Unemployment rate | 6.7 % |
Population below poverty line | 15 % |
Budget revenues | 271,200,000,000 USD |
Budget expenditures | 264,400,000,000 USD |
Military expenditures | 1.04 % of GDP |
Taxes and other revenues | 50.6 % of GDP |
Budget surplus or deficit | 1.3 % of GDP |
Public debt | 40.8 % of GDP |
Inflation rate | 1.9 % |
Central bank discount rate | -0.5 % |
Commercial bank prime lending rate | 1.93 % |
Stock of narrow money | 329,200,000,000 USD |
Stock of broad money | 329,200,000,000 USD |
Stock of domestic credit | 929,100,000,000 USD |
Market value of publicly traded shares | 560,500,000,000 USD |
Current account balance | 17,790,000,000 USD |
Exports | 165,600,000,000 USD |
Imports | 153,200,000,000 USD |
Reserves of foreign exchange and gold | 62,220,000,000 USD |
External debt | 939,900,000,000 USD |
National currency | Swedish kronor |
National currency (code) | SEK |
National currency (symbol) | kr |
National currency rate to USD | 8.442 |
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 introduction of the euro in a 2003 referendum. The share of Sweden’s population born abroad increased from 11.3% in 2000 to 19.1% in 2018.