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   Sweden Country Guide

Sweden Country Guide A military power during the 17th century, Sweden has not participated in any war for almost two centuries. An armed neutrality was preserved in both world wars. Sweden's long-successful economic formula of a capitalist system intermixed with substantial welfare elements was challenged in the 1990s by high unemployment and in 2000-02 and 2009 by the global economic downturns, but fiscal discipline over the past several years has allowed the country to weather economic vagaries. Sweden joined the EU in 1995, but the public rejected the introduction of the euro in a 2003 referendum.

Sweden Full Name: Kingdom of Sweden
Area: 450,295 sq km (land: 410,335 sq km, water: 39,960 sq km)
Population: 9,880,604 (July 2016 est.)
Capital City: Stockholm

People: Indigenous population: Swedes with Finnish and Sami minorities; foreign-born or first-generation immigrants: Finns, Yugoslavs, Danes, Norwegians, Greeks, Turks
Language: Swedish (official), small Sami- and Finnish-speaking minorities
Religion: Lutheran 87%, other (includes Roman Catholic, Orthodox, Baptist, Muslim, Jewish, and Buddhist) 13%

Government Type: Parliamentary Constitutional Monarchy
Chief of State King CARL XVI GUSTAF (since 19 September 1973); Heir Apparent Princess VICTORIA Ingrid Alice Desiree, daughter of the monarch (born 14 July 1977)
Head of Government: Prime Minister Stefan LOFVEN (since 3 October 2014); Deputy Prime Minister Isabella LOVIN (since 25 May 2016)

GDP: $US 498.1 billion (2016 est.)
GDP per Capita: $US 49,700 (2016 est.)
Inflation: 0.8% (2016 est.)
Unemployment: 6.9% (2016 est.)
Industries: Iron and steel, precision equipment (bearings, radio and telephone parts, armaments), wood pulp and paper products, processed foods, motor vehicles
Currency: Swedish krona (SEK)

Member of EU: Yes

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Info provided by the CIA World Factbook
Updated 2/2017
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