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Sweden at a glance
Sweden is an attractive destination for relocation due to its high quality of life (which is well above the average of 6.7), excellent social welfare system, and work-life balance. The country offers universal healthcare, free education, and generous parental leave, making it family friendly. Sweden also is known for its progressive values, environmental sustainability, and focus on innovation. The job market is strong, particularly in sectors like tech, engineering, and green energy. However, the cost of living, especially in cities like Stockholm, can be high, and adapting to the colder climate and darker winters might be a challenge for some expats.
Capital City
Stockholm
Currency
Swedish krona (kr, SEK)
Languages
Swedish (the main official language)
Population size
Approximately 10.7 million
Time zone
Central European Summer Time (CEST)
Economic overview
Sweden has a strong and competitive economy, characterized by a mix of free market capitalism and robust social welfare systems. The service sector is the largest contributor to GDP, followed by manufacturing, particularly in automotive and telecommunications. Sweden has a stable economic growth rate, low unemployment, and a high labor force participation, especially among women. As an export-driven economy, it thrives on trade, especially with the EU, the US, and China. Innovation and sustainability are key focus areas, with Stockholm being a hub for tech startups. The country’s fiscal policies emphasize low public debt, high taxes, and a generous welfare system, ensuring a high standard of living. However, challenges include an aging population, labor shortages, and rising housing costs. Despite these, Sweden’s commitment to green technology and innovation ensures a positive economic outlook.
Skills in demand
Software Development & Programming
Data Science & Analytics
Project Management
Digital Marketing
Artificial Intelligence & Automation
Communication & Collaboration
Earning potential
Information Technology (IT) : SEK 540,000 – 720,000
Engineering : SEK 480,000 – 660,000
Healthcare : SEK 450,000 – 700,000
Finance & Banking : SEK 500,000 – 750,000
Manufacturing & Automotive : SEK 420,000 – 600,000
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SWEDEN
Living and Working Exp
1. Living and Working Exp
SafetySweden is one of the safest countries in Europe, with low crime rates and a well-functioning police and justice system.
HealthcareThe healthcare system is publicly funded, offers high-quality care, and is accessible to all residents, including expats.
EducationSweden provides free, high-standard education from primary to university level, with a focus on equality, creativity, and critical thinking.
EnvironmentKnown for its clean environment, Sweden invests heavily in renewable energy, waste recycling, and environmental protection.
2. Cost of living
- Housing – High rent in cities like Stockholm and Malmö.
- Food & Dining – Slightly pricey, but high quality.
- Public Services – Affordable and efficient.
- Standard of Living – High, with strong social benefits.
3. work culture
- Work-Life Balance – Healthy balance between work and personal life.
- Flat Hierarchy – Open, collaborative structure.
- Flexibility – Flexible hours and remote work.
- Equality – Inclusive and gender-equal workplace.
4. Visa&Immigration
- Visa – Needed for non-EU citizens to work or study.
- Work Permit – Required, usually tied to a job offer.
- Residence Permit – For long-term stays (work, family, study).
- Permanent Residency – After 4–5 years with conditions.
5. Taxes
- Income Tax – Progressive, up to 57% for high earners.
- VAT – Standard rate is 25%, lower for some goods.
- Corporate Tax – Set at 22%.
- Social Security – Employer-funded, covers health and pensions.
Popular cities
Stockholm
Key Industries: Technology & Finance
Avg. Salary: SEK 550,000 – 750,000
Gothenburg
Key Industries: Automotive & Engineering
Avg. Salary: SEK 500,000 – 700,000
Malmö
Key Industries: Logistics & Life Sciences
Avg. Salary: SEK 480,000 – 650,000
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FAQ
What is the best time to visit Sweden?
The best time to visit depends on your interests: Summer (June–August): Ideal for city trips, outdoor activities, and the midnight sun in the north. Winter (December–March): Great for skiing, seeing the northern lights, and visiting snowy Lapland.
Do I need a visa to visit Sweden?
Sweden is part of the Schengen Area, so travelers from EU/EEA countries and many others (like the U.S., Canada, Australia) can enter visa-free for up to 90 days within a 180-day period. Always check updated rules from Swedish immigration.
What currency is used in Sweden?
Sweden uses the Swedish krona (SEK). While cash is accepted, Sweden is highly cashless, and credit/debit cards are widely used—even for small purchases.