Side logo
Regional News

Sweden ranks high in recent competitiveness report

Wednesday, 18 May 2011
Sweden climbs in the list of most competitive countries and reached 4th place this year.
Tied on the first place is the United States and Hong Kong, according to the Swiss business school IMD. Singapore is the third best country. Only 4 big economies are in the top 20.

According to IMD, Sweden jumps to 4th place, highlighting the competitiveness of the Nordic model. Germany shines and gains 6 ranks to 10th position thanks to buoyant exports and a more flexible labour market. The recession highlighted the “resistant” (Switzerland) and the “resilient” (Taiwan).

Sweden was sixth in 2010, but has beaten Switzerland and Australia. Strong economic growth in the recent years is the driver for Sweden's position.
The list, with 59 countries, based on statistics and testimonials from business leaders. No other Nordic country cam in the top 10.

By Scancomark.se Team

Key Swedish Facts
Official Name Kingdom of Sweden
King Carl XVI Gustaf
Prime minister Frederick Reinfeldt
Population 9.3 Million
Capital City Stockholm
Monetary Unit Sweden Krona (SEK)
  1kr = 100 ore
Domain Name .se
Int. Dialling Code +46
Official Language Swedish - Main
Other minor languages
Religion Christianity
Main stock market Name NASDQ OMX
  • OMX 40
  • OMX 30
Internet Speed 5.7 Mbps (2009)
Vital Links
Statistics Sweden
Official gateway to Sweden
Government of Sweden
OECD  &  Sweden
Swedish Central Bank


Scandinavian Companies & Market Magazine � 2010, Granscole Establishment Sweden AB. Registered in Sweden as a Media Company Organisation Number: 556782-6572