Key Figures

Chief of State:
King Carl XVI Gustaf
Head of Government:
Prime Minister Stefan Löfvén

Overview

Government Name:
Kingdom of Sweden
Constitution:
Adopted:1989; Consists of four fundamental laws: The Act of Succession (1810), The Freedom of the Press Act (1949), The Instrument of Government (1974), and The Fundamental Law on Freedom of Expression (1991). Additionally a law on the internal structure and functions of the Riksdag has a special status, but is not regarded as a fundamental law (The 1974 Riksdag Act).
Government Type:
Constitutional Monarchy
Kingdom of Sweden Flag
Coat of Arms of Kingdom of Sweden

Index of Economic Freedom

Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. Source: Heritage Foundation (2018)

Country Risk Rating

A1
The political and economic situation is very good. A quality business environment has a positive influence on corporate payment behavior. Corporate default probability is very low on average. Source: Coface (2018)

Government Branches

Main Powers Election Process Election Cycle 1
Executive

Monarch holds a ceremonial title as head of state. The prime minister serves as the head of government while the government of Sweden is the national cabinet and the supreme executive authority. Each ministry acts in its specified titled area.

Prime minister elected by parliament.

4 years

Judicial

All courts are independent of the Riksdag and government intervention with the courts decisions is not allowed.

Nominated by Board of Judges, appointed by executive branch.

Life appointment

Legislative

The unicameral Riksdag is the supreme decision-making body in Sweden. It is responsible for enacting laws, amending the constitution, and appointing a government.

310 members are elected through a flexible-list proportional representation system and 39 are distributed by proportional representation.

4 years

Regional Trade Blocs

International Organization Participation [2]

Environmental Agreements [3]

Tax Information [2]

Tax Authority:
Ministry of Finance
Tax Name:
VAT

Sources:

  1. ElectionGuide http://www.electionguide.org/
  2. EY, http://www.ey.com
  3. CIA World Factbook, https://www.cia.gov/library/publications/the-world-factbook/
  4. U.S. Bilateral Relations Fact Sheets http://www.state.gov/r/pa/ei/bgn/