The Economy of Sweden


Sweden is a beautiful Scandinavian country famed for its beautiful people, flat packed furniture, PewDiePie and meatballs. Now of course if you hadn’t guessed by the channels title we are only here to look Sweden’s economy, and it is a remarkable one at that. Sweden is home to one of the highest standards of living in the world and is often held in extremely high regard when it comes to workers rights and general quality of life indicators such as working hours, happiness rates and life expectancy. It is also a nation with a rich history of setting the trend for other economies to follow, Sweden is home to the Riksbank founded in 1668 it is the oldest central bank in the world, blazing the path for monetary policy that dictates every major economy in the world today.

So how did it get here. We have explored rich nations with strong welfare systems that seem to do everything right on the channel before… most notably Norway, Sweden’s little brother the to west… But Sweden is slightly different in the sense that it was not blessed with the Norwegian sea and its abundance of oil and gas, so it was not able to build up a sovereign wealth fund with oil profits like Norway was and so on paper it is citizens are poorer than Norway’s but their quality of life seems exactly the same.

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Music – ABBA Piano cover – (https://www.youtube.com/watch?v=Z_6WcPum38s&t=856s)

References –

Pestoff, V., 2004. The development and future of the social economy in Sweden. The third sector in Europe

Westlund, H., 2003. Social economy and employment–the case of Sweden. Review of Social Economy

Anderson, K.M., 1998. The welfare state in the global economy: the politics of social insurance retrenchment in Sweden, 1990-1998

Bengtsson, T. ed., 2012. Population, economy, and welfare in Sweden. Springer Science & Business Media

Florida, R., 2006. The flight of the creative class: The new global competition for talent. Liberal Education

Sarafoglou, N. and Haynes, K.E., 1996. University productivity in Sweden: a demonstration and explanatory analysis for economics and business programs. The Annals of Regional Science

Engwall, L., 1992. Economics in Sweden. London: Routledge.

Categories Economy
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