Tourist Travel Information about Sweden
Sweden (Sverige) is the largest of the Nordic countries, with a population of about 10 million. It borders Norway and Finland and is connected to Denmark via the bridge of Öresund. Sweden is the third largest country in the European Union in area, yet it has the second lowest population density (23.5 people per square km). Sweden is a monarchy by constitution, but King Carl XVI Gustaf has no executive power.
Stockholm, the capital of Sweden, has been called the “Venice of the North” because it is a city built on water with 12 islands and 42 bridges. Sweden is a developed post-industrial society with an advanced welfare state. The standard of living and life expectancy rank among the highest in the world, 74 years for men and 80 years for women.
Sweden is the seventh-richest country in the world in terms of GDP (gross domestic product) per capita and a high standard of living is experienced by its citizens. Sweden is an export-oriented mixed economy. Timber, hydropower and iron ore constitute the resource base of an economy with a heavy emphasis on foreign trade. Sweden’s engineering sector accounts for 50% of output and exports, while telecommunications, the automotive industry and the pharmaceutical industries are also of great importance.
Sweden has a strong tradition of being an open, yet discreet country. Sweden houses the Nobel Prize committee for all the prizes except the peace prize, which is hosted in Oslo, a memento of the Swedish-Norwegian union that was dissolved in 1905.