Despite fear-mongering in the media about the awfulness of Sweden, things are actually going rather well for the country. Or at least that’s what a recent piece of research from Forbes would suggest.
For 11 years Forbes has graded 139 countries on 11 factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance.
The aim of this to identify which countries are the best for business investment and business development. In other words, which is the ‘Best Country in the World for Business’
And in the latest results, Sweden has soared to the number 1 position, beating out other EU countries, USA and low cost countries. So, Sweden is the best country in the world for business. This creates jobs, generates income and attracts new talent to the country.
And if we take a look at some of the successful companies to come out of Sweden, it would seem easy to confirm this. The country is home to some of the most well-known brands in the world, including Electrolux, SKF, Ericsson, IKEA and H&M.
Skype was co-founded by Swede Niklas Zennstrom in 2003. Music site SoundCloud and file sharing site Pirate Bay are Swedish too. Tictail and iZettle are both Swedish. Sweden is also the home to companies that created three of the biggest games of this decade: Candy Crush Saga, Battlefield and Minecraft. The 1 billion dollar financial transaction company Klarna is also founded and based in Sweden. Not bad for a country of only 10 million inhabitants.
So this would suggest that Sweden is entrepreneurial and successful. And the constant development of new ideas attracts new investment which will keep the Swedish economy motoring on strongly into the future.
Here’s the link for the full Forbes listing: https://www.forbes.com/best-countries-for-business/list/