Country Sheet : Sweden

Information file

Last Update on 2nd July 2024

SWEDEN

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In English - version of 2nd July 2024

Geography

Area : 450,295 km²

Borders : 2,233 km (Finland 614 km, Norway 1,619 km)

Coastline : 3,218 km

Capital : Stockholm

Official language : Swedish, Finnish

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Population

Population : 10,521,556 inhabitants (2023)

Crude natural change rate : 2,1‰ (2022)

Population repartition: 17.4% under 15 years old, 20.4% over 65 years old (2023)

Foreign residents: EU nationals 3%, non-EU nationals 5.8% (2019)

Crude net migration rate: 3.8‰ (2023)

First time asylum applicants: 17,010 (2023)

Life expectancy: men 81.7 years, women 85 years (2023)

Religions: Church of Sweden (lutheran) 57.6%, others (mostly Roman Catholic, Orthodox, Baptist, Muslim, Jew, and Buddhist) 8.9%, no religion or unspecified 33.5% (est. 2019)

Ethnic groups: Swedish 80.3%, Syrian 1.9%, Iraqi 1.4%, Finnish 1.4%, others 15% (2020)

Source : Eurostat, The CIA World Factbook

Economy

Currency: Swedish Crown (SEK) (exchange rate in July 2024: 1€ = 11.41 SEK)

GDP: € 540,651.8 million € (2023)

GDP per capita (PPS): € 44,650 (2023)

GDP growth : -0.2% (2023)

Inflation: 2.5% (May 2024)

Public debt: 31.2% of GDP (Q4 2023)

Unemployment: 8.2% (May 2024)

Budget balance: -0.4% (Q3 2023)

Source : Eurostat, OECD

Political system

Constitutional monarchy, parliamentary democracy:

Head of State: Carl Gustaf XVI since 15th July 1973

Prime Minister: Ulf Kristersson (Moderates) since 17th October 2022. Following the victory of the right-wing coalition in the parliamentary elections on 11th September 2022, he leads a government with the Christian Democrats and the Liberals.

The parliament is unicameral: The Riksdag (the Chamber of Deputies) comprises 349 members elected for four years by direct universal suffrage.