Country Sheet : Sweden

Information file

Last Update on 16th July 2025

SWEDEN

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In English - version of 16th July 2025

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 : 10,551,707 inhabitants (2024)

Crude natural change rate : 0.7‰ (2024)

Population repartition: 17.1% under 15 years old, 20.6% over 65 years old (2024)

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

Crude net migration rate: 2.7‰ (2024)

First time asylum applicants: 11,110 (2024)

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 2025: 1€ = 11.31 SEK)

GDP: € 559,138.7 million (2024)

GDP per capita (PPS): € 48,300 (2024)

GDP growth : 1% (2024)

Inflation: 0.7% (June 2025)

Public debt: 33.5% of GDP (Q4 2024)

Unemployment: 9.7% (May 2025)

Stock of foreign direct investment from the entire world: 74.4% of GDP (2023)

Budget balance: -3.7% of GDP (Q4 2024)

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.