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Country Analysis Sweden

Sweden has a parliamentary representative democratic constitutional monarchy. The main political parties are social democratic and moderate. Citizens enjoy political rights while executive power is held by the prime minister. Sweden has one of the highest GDPs in the world, with around a third dependent on exports. The economy is highly ranked for ease of doing business. Swedish culture varies regionally, with people focused on family and equality. Trade between Bangladesh and Sweden has increased significantly in recent years, and both countries cooperate on issues like climate change and renewable energy.

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81 views3 pages

Country Analysis Sweden

Sweden has a parliamentary representative democratic constitutional monarchy. The main political parties are social democratic and moderate. Citizens enjoy political rights while executive power is held by the prime minister. Sweden has one of the highest GDPs in the world, with around a third dependent on exports. The economy is highly ranked for ease of doing business. Swedish culture varies regionally, with people focused on family and equality. Trade between Bangladesh and Sweden has increased significantly in recent years, and both countries cooperate on issues like climate change and renewable energy.

Uploaded by

wasiul hoque
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© © All Rights Reserved
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Political and legal: The main political parties in the country are the social democratic party and

the moderate party. Swedish citizens enjoy considerable political rights. The politics of Sweden
takes place in a parliamentary representative democratic constitutional monarchy.Executive
power is exercised by the government and led by the prime minister of the country. Legislative
power is vested in both parliament and government. Sweden is formally a monarch where the
King holds symbolic power.

Economic : Sweden's GNP is one of the highest in the world. Almost one third of swedish
economy is dependent on its export.Sweden is highly dependent on its free trade to maintain its
living standard. GDP in the year 2019 was 530.884 billion (Sweden GDP | 1960-2019 Data |
2020-2021 Forecast | Historical | Chart | News (tradingeconomics.com) and it is expected to rise
to 3.8 %. On the contrary, gdp of Bangladesh is at around 286 Billion USD.GNI per capita is at
54,226. (Sweden GNI per capita, 1970-2020 - knoema.com). The exchange rate of Sweden to
Bangladesh is 1 swedish krona is equivalent to 10.01 taka (Exchange rate Krona (Sweden) to
Taka (Bangladesh) — SEK to BDT). inflation rate of bangladesh is 5.59 % whilst inflation rate of
sweden is 1.78% ( Sweden Inflation Rate 1960-2021 | MacroTrends). Sweden has one of most
stable economies in the world. According to the world bank’s “Doing business” report, it ranks
10th out of 190 for ease of doing business. Online filling platforms for incorporation, taxes are
also available.

Socio-cultural - Sweden comprises 25 provinces each province has a culture of its own.
Swedish people are deeply rooted with their family and friend circle.Most of their festivals
revolve around religion and are about loved ones coming close to one another. The cuisine of
Southern Sweden is different from the cuisine of Northern Sweden. People from southern
Sweden like to eat fresh vegetables whilst people from the northern region like to eat reindeer
meat. Swedish people are extremely soft spoken and very good listeners. (Commision global
consulting ltd (2020). Sweden scores a low point of 31 in Hofstede's cultural dimension which
tells that Swedish people prefer being independent, equal rights superiors are much more
accessible. Communication is participative and direct. Control is disliked and attitude towards
managers is on a first name basis. Sweden is an individualistic society, it has a score of 71.
People prefer taking care of themselves and their immediate family members. Relationship
between employee/employer is on a contract based. Hiring process solely depends on
merits.Sweden is a feminine country and scores 5 on this index. They focus more on work/life
balance. Managers are very supportive of their subordinate, decision making is very
participative. Uncertainty avoidance index means the extent to which people feel threatened by
a situation. Sweden has a score of 29, which is a low score. Low UAI societies prefer practise
over principles, and deviance from the norm is more easily tolerable. People believe
unnecessary rules should be removed. Indulgence is the extent to which people try to control
their desires and impulses. Relatively weak control is called Indulgence and high control is
called restrained. Sweden has a score of 78 which means its culture is very indulgent. They are
much more optimistic towards life. They spend huge importance on their leisure time. (hofstede
insights,2021)

Psycho-demographic analysis -

The population of Sweden is likely to grow to 10,325,000. Migration increases by around


30,000 every year. Median age for the country in the year 2019 was 41.3 years.
(Population of Sweden. 2021 demographics: density, ratios, growth rate, clock, rate of
men to women.)

The Market

Trade relations between Bangladesh and Sweden are improving significantly. In the
year 2019, Bangladesh imported around 90,606 USD from Sweden. And Bangladesh
exported around 459,746 USD. Bangladesh and Sweden also made commitments to
solve problems related to climate change,reduction of greenhouse emission, renewable
energy. Sweden already has a strong position to save the planet, Sweden is very much
keen to work closely with Bangladesh. (Financial Times, 2021)

Sweden targets to achieve 100% renewable energy generation and no emission of


greenhouse gas in the country by the year 2045 which means there is huge scope in
the solar energy market. Some of the major actors in the solar energy market includes
Azelio AB, Vattenfall AB (mordor intelligence,2021)

Reference

Sweden - Hofstede Insights (hofstede-insights.com)

Bangladesh Products Exports by country 2015 | WITS Data (worldbank.org)


Bangladesh, Sweden to work together on climate change (thefinancialexpress.com.bd)
Sweden Solar Energy Market | Growth, Trends, and Forecasts (2020 - 2025)
(mordorintelligence.com)

Population of WORLD 2019 - PopulationPyramid.net


Sweden GDP | 1960-2019 Data | 2020-2021 Forecast | Historical | Chart | News
(tradingeconomics.com)
Sweden GNI per capita, 1970-2020 - knoema.com
Exchange rate Krona (Sweden) to Taka (Bangladesh) — SEK to BDT
Sweden Inflation Rate 1960-2021 | MacroTrends
Population of Sweden. 2021 demographics: density, ratios, growth rate, clock, rate of
men to women.)

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