In the ever-increasing global market, Sweden hosts one of the most internationally integrated economies in the world. With a focus in technology-driven commerce, Sweden’s sizeable trade and foreign investment are only a few signs of the nation’s competitive business.
In addition to a notable business sector, Sweden focuses on the future through a qualified, highly developed workforce and education system – Swedish universities meet high international standards. Swedish society itself is reflective of the country’s widespread innovation in information technology.
This inventive technological pioneering stems from Sweden’s high expenditure on and investment in Research & Development (R&D). R&D is an integral part of Sweden’s economy, providing the necessary technological breakthroughs so vital to business. Because of this, as well as Sweden’s commitment to education and Information & Communications Technology (ICT), Sweden is recognized as one of the world’s most knowledge-based economies.
Sweden’s business sector is unique for its large number of multinational corporations in relation to the relative size of the national economy. Sweden is also known for its innovative climate, its skilled and productive workforce, and its openness and willingness to work globally.