Sweden has a strong and highly-competitive economy with an annual gross domestic product (GDP) of $567 billion USD (2022).
People living in Sweden are among the most prosperous in the world in regards to per capita GDP and there is generally a high standard of living in Sweden.
The economy of Sweden is fueled by manufacturing and exports, which include products related to the engineering, telecommunications, information technology, pharmaceutical, automotive, iron, steel, and timber industries.
Other key sectors of Sweden’s economy include education, public administration, defense, healthcare, transportation, accommodation and food services, wholesale trade and retail trade.
Sweden’s top trading partners include Germany, the United States, The Netherlands, the United Kingdom, Norway, Finland, Denmark and China.
The average salary for private sector jobs in Sweden is 456,000 Swedish Krona ($43,252 USD) per year, however, some workers earn more or less than the average salary.
Here are the average yearly salaries for business sectors that have many advertisements for jobs in Sweden:
- Catering = 361,200 SEK ($34,256 USD)
- Chefs = 334,800 SEK ($31,753 USD)
- Construction = 443,653 SEK ($42,076 USD)
- Education = 574,800 SEK ($54,525 USD)
- Engineering = 457,200 SEK ($43,370 USD)
- Finance and Accounting = 558,000 SEK ($52,932 USD)
- Healthcare = 808,800 SEK ($76,723 USD)
- Information Technology = 543,600 SEK ($51,566 USD)
- Manufacturing = 369,600 SEK ($35,060 USD)
- Marketing = 607,200 SEK ($57,599 USD)
- Purchasing = 723,600 SEK ($68,640 USD)
Please note that these are the average annual salaries for several business sectors in Sweden and some workers earn more or less than the average salary, depending on their specific occupation, education, level of employment (entry level, mid-level, senior-level), years of experience, location of employment, or other factors.
NOTE: The SEK/USD exchange rate was as of February 4, 2023.