Sweden, with a population of approximately 10.5 million (2023), is a Nordic country located in Northern Europe, known for its high standard of living and progressive welfare system. The Swedish economy is characterized by a diverse mix of services, manufacturing, and technology sectors. The services sector, particularly in finance, telecommunications, and information technology, plays a vital role in economic growth, supported by a strong emphasis on innovation and sustainability. Sweden is home to several multinational corporations and has a robust manufacturing base, including automotive, pharmaceuticals, and machinery, contributing significantly to exports. With a GDP estimated at around $650 billion and a per capita income of approximately $61,000 (2023), Sweden consistently ranks among the wealthiest countries in the world. Its commitment to environmental sustainability and renewable energy further enhances its global competitiveness.
The Swedish government and business community can collaborate with the World Business Council to promote sustainable practices, drive technological innovation, and strengthen international trade relationships for comprehensive economic development.
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