COUNTRY PROFILE

Full name: Kingdom of Sweden
Population: 9,045,389 (July 2008 est.)
Capital: Stockholm
Area: 449,964 sq km (173,732 sq miles)
Official language: Swedish; recognized minority languages: Sami (Lapp), Finnish, Meankieli (Tornedalen Finnish), Yiddish, Romani Chib (a Gypsy language).
Currency: 1 Swedish krona = 100 ore
GDP (2008): USD 358.4 bln (35th in the world)
GDP per capita (2008): USD 39,600 (22nd in the world)
Main Export Trading Partners: USA, Germany, Norway, UK, Denmark, Finland, France, Netherlands, Belgium .
Main Import Trading Partners: Germany, Denmark, Norway, UK, Netherlands, Finland, France.

United Company in Sweden

In a mere 100+ years Sweden made a giant leap from being a poor country where agriculture accounted for almost all of its economy to becoming the world’s fourth richest country by 1970’s in terms of GDP per capita. Rapid transformation was propelled by successful exploitation of Sweden ’s key commodity resources – wood, iron ore and abundant hydroelectric power. Today, internationally recognised companies are found in practically every industry sector. Sweden exports more than half of all products manufactured within the country. Like in many other industrialised nations, Swedish industry is primarily knowledge-based with a great focus on research and development. Sweden is a top-three country in the world in terms of relative spending on R&D along with Israel and Finland ....

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