Sweden Ranks Among the World’s Best Countries

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Swedes are some of the world’s most generous people, donating about 1 percent of gross national product to humanitarian aid programs each year. The society has continued to diversify, due in part to refugees who have been welcomed into Swedish borders.

[READ: Sweden’s shaky walk down the aisle of equality.]

As a parliamentary democracy, representatives elected to parliament, called the Riksdag, lead the nation with a monarch as a ceremonious head of state. Sweden joined the European Union in 1995, but declined to convert to the eurozone currency after a public vote in 2003.

However, Sweden’s export-dependent economy is tightly integrated with the European Union. Both took a tumble with the recent decline of the euro, but Sweden is seeing steady recovery and seeking to expand trade markets for its timber, hydropower and iron ore.

[Explore the top universities in Sweden.]

Sweden is an Enhanced Opportunities Partner of the North Atlantic Treaty Organization. It is also a member of the United Nations, the Organization for Economic Cooperation and Development and the World Trade Organization, among others.

Swedes are some of the world’s most generous people, donating about 1 percent of gross national product to humanitarian aid programs each year. The society has continued to diversify, due in part to refugees who have been welcomed into Swedish borders.

[READ: Sweden’s shaky walk down the aisle of equality.]

As a parliamentary democracy, representatives elected to parliament, called the Riksdag, lead the nation with a monarch as a ceremonious head of state. Sweden joined the European Union in 1995, but declined to convert to the eurozone currency after a public vote in 2003.

However, Sweden’s export-dependent economy is tightly integrated with the European Union. Both took a tumble with the recent decline of the euro, but Sweden is seeing steady recovery and seeking to expand trade markets for its timber, hydropower and iron ore.

[Explore the top universities in Sweden.]

Sweden is an Enhanced Opportunities Partner of the North Atlantic Treaty Organization. It is also a member of the United Nations, the Organization for Economic Cooperation and Development and the World Trade Organization, among others.

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