Sweden is considered the third best country in the world when considering all the factors reviewed in the Global Competitiveness index 2011-20121. The quality of its institutions, Health and Primary education are first rate.
The fact that it is easy to start a business and that Sweden’s legal system is considered the most efficient in Europe2 make it an appealing country to move into when looking for a location to coordinate your business in Scandinavia or even Northern Europe.
Sweden’s science infrastructure is world-class. High investment in higher education and basic research has propelled Sweden to a prime position among European economies in terms of university enrolment, workforce skills and R&D. The Global Information Technology report 2010-2011 ranks Sweden as first in the world3. Out the 9 criteria this report measures, it scores in the top three in Europe for 6 items. For innovation, Sweden ranks third best in Europe4 and ranks second in Europe in terms of both per capita expenditure for R&D5 and the number of scientists and engineers employed relative to the country’s total employment6.
The most problematic factors for doing business in Sweden1, are considered to be:
• Restrictive labour regulations
• Tax rates
• Access to Financing
1 Global Competitiveness Report 2011-2012 (World Economic Forum)
2 International Legal system Efficiency Assessment, World Economic Forum, 2009
3 The Global Information Technology report 2010-2011 (World Economic Forum),
4 Economist Intelligence Unit, 2008
5 IMD World Competitiveness Yearbook- 2010
6 Eurostat 2010