Cultural showcase of Sweden featuring landmarks, cuisine, and traditions

Sweden

Kingdom of Sweden

Sweden flag

Capital

Stockholm

Region

Europe

Population

10,605,098

Area (km²)

450,295

💡Quick Summary

Sweden, a Nordic nation in Europe with a population of about 10.6 million, spans 450,295 km² and boasts Stockholm as its vibrant capital, blending historic charm with modern innovation. Renowned for its high quality of life, progressive social policies, and stunning natural landscapes like forests and archipelagos, Sweden is a leader in sustainability and technology. (Note: GDP data not available in provided facts.)

Key Insights

High Unemployment Relative to Peer Nations

Despite its high wealth (top-tier GDP per capita), Sweden maintains a relatively high unemployment rate of 7.611%. This rate is often higher than many comparable Northern European economies, suggesting structural labor market challenges or cyclical issues stemming from the recent economic slowdown.

Sub-Replacement Fertility Rate Signals Future Demographic Strain

Sweden's fertility rate stands at a very low 1.45, significantly below the replacement level of 2.1. While the population is currently stable due to factors like immigration, this low birth rate indicates a long-term demographic challenge regarding an aging population and potential future labor force shortages.

Universal Energy Access Achieved

A significant achievement for Sweden is the complete provision of electricity access to its population. The access rate stands at 100.000%, demonstrating successful infrastructure development and equitable distribution of essential services across the country.

High Urbanization in a Forested Nation

Sweden presents an interesting contrast between its physical geography and population distribution. While a massive 68.701% of the country is covered by forest area, the vast majority of its population (88.631%) resides in urban centers. This highlights the concentrated nature of Swedish settlement patterns.

Economic Indicators
Latest economic data from World Bank

GDP (Current US$)

$578.99B

Year: 2023

GDP Per Capita

$54,950.28

GDP Growth (%)

-0.2%

Inflation (%)

8.55%

Unemployment (%)

7.61%

Debt to GDP (%)

N/A%

Source: World Bank • Last updated: 12/24/2025

Historical Trends & Data Visualizations

GDP Growth Rate
Annual percentage change in GDP over time
2014201520162017201820192020202120222023-2.00%0.00%2.00%4.00%6.00%
  • GDP Growth (%)
Population Growth
Total population over time
201420152016201720182019202020212022202303,000,0006,000,0009,000,00012,000,000
  • Population
Life Expectancy
Average life expectancy at birth (years)
20142015201620172018201920202021202220230.0years25.0years50.0years75.0years100.0years
  • Life Expectancy (years)
Renewable Energy Consumption
Percentage of total energy from renewable sources
201420152016201720182019202020210.0%15.0%30.0%45.0%60.0%
  • Renewable Energy (%)
GDP Per Capita
Economic output per person (current US$)
2014201520162017201820192020202120222023$0$20,000$40,000$60,000$80,000
  • GDP Per Capita ($)

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