๐ธ๐ช
Sweden
Europe โข Countries
Population
10.6M
Area (kmยฒ)
450.3K
GDP
$610.1B
Capital
Stockholm
Background
A military power during the 17th century, Sweden maintained a policy of military non-alignment until it applied to join NATO in 2022. Sweden has not participated in any war for two centuries. Stockholm preserved an armed neutrality in both World Wars. Since then, Sweden has pursued a successful economic formula consisting of a capitalist system intermixed with substantial welfare elements. Sweden joined the EU in 1995, but the public rejected the introduction of the euro in a 2003 referendum. The share of Swedenโs population born abroad increased from 11.3% in 2000 to 20% in 2022.