Sweden’s position as one of the world’s most highly developed post-industrial societies looks fundamentally secure.
Unemployment is low and the economy strong. Public-private partnership is at the core of “the Swedish model”, which was developed by the Social Democrats, who governed for most of the last 70 years until 2006.
This mixed economy traditionally featured centralised wage negotiations and a heavily tax-subsidised social security network. The Swedes still enjoy an advanced welfare system, and their standard of living and life expectancy are almost second to none.
- The Kingdom of Sweden
- Capital: Stockholm
- Population 9.5 million
- Area 449,964 sq km (173,732 sq miles)
- Major language Swedish
- Major religion Christianity
- Life expectancy 80 years (men), 84 years (women)
- Currency krona