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- Sweden is an export-oriented mixed economy1with a GDP of $627 billion (2021) and a population of 10.4 million2. The country's economy is heavily oriented toward foreign trade, with timber, hydropower, and iron ore as the resource base1. Sweden's engineering sector accounts for 50% of output and exports1. The country boasts a transparent, highly developed, sophisticated, and diversified market with few barriers to entry2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Sweden is an export-oriented mixed economy featuring a modern distribution system, excellent internal and external communications, and a skilled labor force. Timber, hydropower and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Sweden's engineering sector accounts for 50% of output and exports.en.wikipedia.org/wiki/Economy_of_SwedenSweden, with a GDP of $627 billion (2021) and a population of 10.4 million, is the largest Nordic economy and boasts a transparent, highly developed, sophisticated and diversified market with few barriers to entry.www.trade.gov/country-commercial-guides/swede…
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