Sweden GDP: Top 5 Amazing Facts

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Sweden GDP

Sweden country overview

Before we start to discuss Sweden GDP first we discuss Sweden’s country overview, so Sweden is officially called the Kingdom of Sweden.

Sweden GDP
Sweden GDP

It is located in Nothern Europe. Sweden shared her border with Norway, Finland, and Denmark. Its capital and largest city name is Stockholm. Its official language is Swedish.

In ethnic groups, 75% Swedish and 25% others live in Sweden. When we talk about religion, 67% Christianity, 27% no religion, 5% Islam, and other religions exist in Sweden.

When we talk about Its government system, Its government system is the Unitary parliamentary constitutional monarchy.

Its monarch’s name is Carl Xvi Gustaf. Its total area is 450,295 km2. Its total area rank is 55th in the world. Its total population is 10,402,100 in the year 2021.

Its population rank is 88th in the world. Sweden’s population density is 25 / km2 which is considered the very low population density in the world. Its population density rank is 198th in the world.

Sweden Economy

Sweden’s currency is called the Swedish krona. Sweden’s economy is considered the developed and advanced economy and also the high-income economy.

The inflation rate in Sweden is 0.8% in the year 2021. 15% of its population lives below the poverty line. Its HDI rate is 0.937 which is considered very high in the world.

Its HDI rank is 8th in the world. The unemployment rate in Sweden is 9% in the year 2021. Sweden’s gross external debt is $940 billion in the year 2016. Its total foreign reserves are $60 billion in the year 2013. 

Sweden GDP

Its total GDP is $610 billion (nominal) and $580 billion (PPP) in the year 2021. Its GDP rank is 23rd (nominal) and 40th (PPP) in the year 2021.

Sweden’s GDP growth rate is 3.5% in the year 2021. Its GDP per capita is $50,000 (nominal) and $54,000 (PPP) in the year 2021. Its GDP per capita rank is 12th (nominal) and 15th (PPP) in the year 2021.

When we talk about its GDP by sector, so agriculture was 1.5%, industry 32%, and services were 65% in the year 2017.

Sweden Exports 

Sweden’s total exports are $170 billion in the year 2017. Its main export goods are machinery, iron, steel, chemicals, and others. Its main export partners are Germany, Finland, Norway, the United Kingdom, China, and others.  

Sweden Imports

Its total imports are $155 billion in the year 2017. Its main import goods are machinery, petroleum, chemicals, clothes, food products, and others. Its main import partners are Germany, Norway, Denmark, Belgium, China, and others.

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