Sweden is a Scandinavian country located in Northern Europe along the Baltic Sea, bordering Norway and Finland. Formally neutral through the two world wars and the Cold War, it is part of the European Union but not the euro. The country has gently rolling lowland with mountainous terrain in the west, suitable for agriculture. The country has a small, open and competitive economy, with extremely high living standards. With a typical Nordic welfare system, it provides universal healthcare and tertiary education for all its people. Sweden also ranks highly in numerous quality of life categories such as education, protection of civil rights, equality and human development. Its economy is focused on exports with an emphasis on engineering, telecommunications, pharmaceuticals and automotive industries.

About 15% of the county lies above the Arctic Circle, with most of its total land area covered by forests. Swedish is its official language with small minorities speaking Finnish, Sami, Romani, and Yiddish. The majority of Swedes are Lutherans with a culture focused on egalitarianism and humility.

Average Monthly Earnings

Employment-to-Population Ratio

Unemployment Rate

Employment by Sector

Agriculture 1.7%
Industry 18.3%
Services 79.5%

Employment Distribution by Education

Age 15+

Less than Basic 0%
Basic 12.6%
Intermediate 43.9%
Advanced 43.2%
Level Not Stated 0.3%

Age 15-24

Less than Basic 0%
Basic 28.4%
Intermediate 58.1%
Advanced 12.6%
Level Not Stated 0.9%

Age 15-64

Less than Basic 0%
Basic 12.3%
Intermediate 44.1%
Advanced 43.3%
Level Not Stated 0.3%

Age 25+

Less than Basic 0%
Basic 10.9%
Intermediate 42.3%
Advanced 46.6%
Level Not Stated 0.2%

Schedule a Demo

In Romania, starting January 1, 2023, pensioners of the public pension system and beneficiaries whose monthly income is less than or equal to RON 3,000 are eligible for financial aid. #Romania #ComplianceUpdates #GlobalCompliance #GlobalPeopleStrategist

In Luxembourg, the maximum working time cannot exceed 10 hours per day or 48 hours per week. #Luxembourg #ComplianceUpdates #GlobalCompliance #GlobalPeopleStrategist

In Luxembourg, employees must be employed by an organization with the capacity for remote work to request the option. Any employee of a Luxembourg company governed by private law hired under a fixed-term or indefinite-term contract can participate in telework. #ComplianceUpdates

In El Salvador, teleworking is strictly voluntary for both the employee and employer, and there must be a written agreement between the parties where the terms and conditions are established. #ElSalvador #ComplianceUpdates #GlobalCompliance #GlobalPeopleStrategist

In Burundi, labor law provides 20 days of paid annual leave (one and two-thirds of a day for every month of service) after completing 12 months of continuous service. Employees have the right to accumulate annual leave for 2 years. #Burundi #ComplianceUpdates #GlobalCompliance

Load More...