Lund came in at 67th place overall in the QS World University Rankings, four places higher than the university's 2012 ranking and its highest position since 2009.
Uppsala University was the second-highest ranked Swedish university, landing at 79th place, while the Royal Institute of Technology (Kungliga tekniskahögskolan, KTH) was ranked 118th, up 24 places from the previous year.
Eight Swedish institutions are featured in the QS rankings and all but one institution ranks higher than in 2012, with the University of Gothenburg dropping 12 places to 205th.
Karolinska Institute, which was ranked Sweden's number one university in a separate ranking released earlier this year, didn't make the overall QS rankings due to the school's specialist focus. However, Karolinska was ranked 10th globally in the QS ranking of life sciences and medicine faculties.
“These rankings underline world-class status of Sweden's leading universities,” QS head of research Ben Sowter said in a statement. “The nation's top institutions have a great reputation among graduate employers, which is excellent news for students.”
While Lund was tops in Sweden and placed 10th overall among universities in continental Europe, honours for the highest-ranked university in the Nordic region went to the University of Copenhagen.
The Danish university came in at 45th place in the QS rankings, which compare the world's top 800 institutions across six criteria covering research, employability, teaching and international outlook. Data for the rankings comes from reputational surveys of academics and graduate employers, drawing on over 90,000 responses worldwide.
The number one university in the world, according to QS, is the Massachusetts Institute of Technology (MIT) in the United States, followed by Harvard and Cambridge. All universities in the QS top ten are either based in the United States or Great Britain.