Country profile
Sweden
An EU exporter of machinery, vehicles, telecom equipment and pharmaceuticals, with an almost fossil-free power grid.
Updated 11 November 2026. Sources at the bottom of the page.
- Capital
- Stockholm
- Population
- 10.8 million (2026)
- Currency
- Swedish krona (SEK)
- GDP, 2026
- US$745 billion
- Exports, 2025
- US$206.8 billion
- Exchange rate
- 1 USD = 9.87 SEK (10 Nov 2026)
Economy
IMF World Economic Outlook, October 2026. 2026 and 2027 are IMF projections.
2.5%Real GDP growth, 2026
2.2%Real GDP growth, 2027
1.1%Inflation, 2026
8.5%Unemployment, 2026
35.1% of GDPGovernment debt, 2026
7.3% of GDPCurrent account, 2026
Compare Sweden with other countries →
Trade
Top export markets
Share of the country’s exports, 2025
- Germany (9.9%)
- Norway (9%)
- United States (8%)
- Denmark (7%)
- Finland (6.5%)
Main exports
Product groups, share of exports
- Machinery, including computers (15.7%)
- Vehicles (13%)
- Electrical machinery and equipment (9.5%)
- Pharmaceuticals (7.2%)
- Mineral fuels (6.6%)
Main trade agreements
- EU single market
- EU agreements including CETA (Canada), EU–Japan, EU–Korea, EU–Mexico and EU–Vietnam
- EU–UK Trade and Cooperation Agreement
Trade policy to watch
- EU Carbon Border Adjustment Mechanism (CBAM): in its definitive phase since 1 January 2026 for imports into the EU of iron and steel, aluminium, cement, fertilisers, electricity and hydrogen.
- EU trade policy: no tariffs inside the EU; trade with non-EU countries is set at EU level.
- Low-carbon steel: Swedish projects are developing fossil-free and low-carbon steel.
Energy
Hydropower and nuclear produce most of Sweden's electricity, and wind is growing fast, so the grid is almost fossil-free. Sweden imports its oil.
What it means for your supply chain
- Sweden is a source of bearings, tools, mining equipment, trucks and specialty steel.
- Low-carbon electricity helps Swedish suppliers report lower product emissions.
- Costs are high, so Swedish suppliers compete on quality and engineering, not price.
Sweden in the Supplier Hub
6 companies in the Supplier Hub are listed under Sweden.
Sources
- IMF, World Economic Outlook, October 2026: GDP, growth, inflation, unemployment, government debt, current account (2026 and 2027 are projections; updated automatically).
- IMF, World Economic Outlook database: population (2026 estimate).
- World’s Top Exports: export markets and main exports.
- Bank of Canada, daily exchange rates (cross rates calculated from CAD rates; updated daily).
- Energy Institute, Statistical Review of World Energy 2026: energy profile.
- European Commission, Carbon Border Adjustment Mechanism.
Figures are the latest published at the time of the update and may since have been revised. This page is for general information, not investment or legal advice.