In the ever-increasing global market, Sweden hosts one of the most internationally integrated economies in the world. With a focus in technology-driven commerce, Sweden’s sizable trade and foreign investment are only a few signs of the nation’s competitive business.
In addition to a notable business sector, Sweden focuses on the future through a qualified, highly-developed workforce and education system – Swedish schools and universities meet high international standards. Swedish society itself is reflective of the country’s widespread innovation in information technology.
This inventive technological pioneering stems from Sweden’s high expenditure on and investment in Research & Development (R&D). R&D is an integral part of Sweden’s economy, providing for the necessary breakthrough technology so vital to business. Due to this as well as Sweden’s commitment to education and Information & Communications Technology (ICT), Sweden is recognized as one of the world’s most knowledge-based economies.
Sweden’s business sector is unique for its large number of multinational corporations in relation to the relative size of the national economy. It is known for its innovative climate, its skilled and productive work-force, and its openness and willingness to work globally.
Sweden places fourth in economic competitiveness within Europe, after the Netherlands, Switzerland and Germany (Source: World Economic Forum, 2019) and 8th in the World.
Sweden is ranked number two in the world when it comes to digital skills (Source:World Economic Forum, 2020)
The highest ICT penetration in Europe; 89.7% (Source: World Economic Forum, 2020)
DOING BUSINESS IN USA
“Gothenburg is the only Nordic city that’s part of Chicago Sister Cities International which “advances Chicago as a global city and promotes peace through mutual respect, understanding, and cooperation through citizen diplomacy - one individual, one community at a time-for the benefit of Chicago and its sister cities.” - www.chicagosistercities.com
“Chicago is a city with many incubators and accelerators in tightknit ecosystems with entrepreneurs from a variety of backgrounds and industries - tech, manufacturing, health, film, music and more. These places inspire new ideas, create connections, provide office space and sometimes financial support for start-ups.” - www.builtinchicago.org
