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Summary | Profile

Country profile: Sweden

Location: Northern Europe, bordering the Baltic Sea, Gulf of Bothnia, Kattegat, and Skagerrak, between Finland and Norway
Climate: temperate in south with cold, cloudy winters and cool, partly cloudy summers; subarctic in north
Terrain: mostly flat or gently rolling lowlands; mountains in west
Size: 449964 sq. km total (Land area: 410934 sq. km  Water area: 39030 sq.km)
Population: 9,045,389 (July 2008 est.)
Languages: Swedish, small Sami- and Finnish-speaking minorities
Government: constitutional monarchy
Capital city: Stockholm
Legal system: civil law system influenced by customary law; accepts compulsory ICJ jurisdiction with reservations
Currency: Swedish krona (SEK)
Licensing:

Country profile

A military power during the 17th century, Sweden has not participated in any war in almost two centuries. An armed neutrality was preserved in both World Wars. Sweden's long-successful economic formula of a capitalist system interlarded with substantial welfare elements was challenged in the 1990s by high unemployment and in 2000-02 by the global economic downturn, but fiscal discipline over the past several years has allowed the country to weather economic vagaries.

Sweden joined the EU in 1995, but the public rejected the introduction of the euro in a 2003 referendum.

Energy production and consumption


Oil Gas
Production: 2,350 bbl/day (2005 est.)  
Consumption: 363,200 bbl/day (2005 est.) 893 million cu m (2005 est.)
Exports: 231,100 bbl/day (2005 est.)  
Imports: 580,600 bbl/day (2005 est.) 893 million cu m (2005 est.)
Reserves: NaN   
Major fields:



Sweden - recent news

14 Sep 20
Sweden: Successful offer in Sweden marks new step towards Cloudberry becoming a substantial developer of offshore wind power in the Nordics
Cloudberry Clean Energy has announced that the company has received 100% acceptance for its offer to the shareholders in Scanvind2 AS, the holding company of the offshore wind project 'Rewind Vänern'. The transaction marks a new step towards Cloudberry’s ambition of becoming a substantial developer of offshore wind in the Nordics.
01 Sep 20
Sweden: Cloudberry Clean Energy announces offer to acquire offshore wind project in Sweden
Cloudberry has announced that the company has offered to acquire 100% of the shares in Scanvind2 AS, a company that develops the offshore wind power project 'Rewind Vänern'. The project is in shallow water on the largest lake in Sweden in the vicinity of Cloudberry’s Karlstad office.
13 Jul 20
Sweden: Eolus acquires seven wind power projects in early development
Eolus has signed an agreement to acquire seven wind power projects in early development phase from Vindkraft Värmland, a subsidiary of Modern Energy.
25 May 20
Sweden: Veidekke to build wind farm for Stena Renewable
Veidekke, one of Scandinavia's largest construction and property development companies, has been commissioned by Stena Renewable to build the foundations and associated roads for 47 wind turbines in Tvinnesheda–Badeboda outside Aseda in Smaland, Sweden.
21 Oct 19
Sweden: Vattenfall and Wallenstam cancel major offshore wind park plan in Sweden
Swedish utility Vattenfall and its partner Wallenstam have called off efforts to develop a joint offshore wind project in Sweden, after the country’s military rejected a revised plan for the development.

Sweden - more news

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