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Sweden fifth best country for trade: report

TT/David Landes · 8 Jul 2009, 07:52

Published: 08 Jul 2009 07:52 GMT+02:00

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In a ranking of 121 economies by the World Economic Forum (WEF), Sweden claimed the fifth spot, just behind Scandinavian neighbour Denmark, and one spot ahead of 6th ranked Canada.

The rankings are based on a number of factors, including market access, infrastructure, efficiency of import-export procedures, and the regulatory environment.

The ranking cited Sweden’s “world-class” infrastructure and its “very transparent and efficient” border administration procedures.

The WEF also praised Sweden for the country’s favourable business environment.

But the organization also found that Sweden had room for improvement when it came to the ease of hiring foreign workers and in removing obstructions making it easier for new entrants to access the market.

Singapore and Hong Kong took the top two spots in the WEF ranking, while the United States came in 16th place due primarily to concerns about violence and the threat of terrorism.

Story continues below…

The Switzerland-based WEF is an independent international organization committed to contribute to knowledge and solutions to global problems by gathering together corporate leaders and politicians from around the world.

TT/David Landes (news@thelocal.se)

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Your comments about this article

09:14 July 8, 2009 by Durai
This is nice to hear.

But i can say that Sweden is not only the best place for doing business,it is also the best place for living peacefully.
09:20 July 8, 2009 by ooh456
It's the best place for chicks too. And snow. And tasty mustard herring.
15:18 July 8, 2009 by Tutu
Sweden is also best known for throat choking taxation. But well done sweden
20:59 July 8, 2009 by GefleFrequentFlyer
Is this why my packages are ripped open, rifled through, items go missing and then taxed at a absurd rate when the receiver picks it up?

Sounds like the Ivory Coast to me.

Tax alone makes me want to get out of the export business with Sweden.
21:52 July 8, 2009 by glamshek
Sweden is better to do businees and trade with than any other country in the region However they need to import more people
22:20 July 8, 2009 by mkvgtired
Sweden can work on the tax barrier. I do have to give Sweden compliments on keeping its government corruption very low. This is a characteristic in itself that attracts business and commerce. Sweden has one of the best scores globally.

Considering US supply line assets are rarely, if ever, attacked I don't know how the primary reason it scored so low was the threat of terrorism, but I am not the one who wrote the report.
04:02 July 9, 2009 by Omidn
I was quite surprized to hear that Sweden is 5th best country in the world since it has highest tax after Denmark!!!!!! :)
16:38 January 11, 2010 by Peter Bowling
I have traded wih Sweden for over 30 years, The Swedes are miles better to do business with than any other country in Europe

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