Andersson, who was living at a retirement home in Varberg, died peacefully according to his family.
"He became more tired. He could not have had a better ending," Andersson's son Owe told the Hallands Nyheter newspaper.
The late Swede inherited the crown of Sweden's oldest person only recently after Sven Hedberg passed away in 2012, who died at the age 108.
Andersson, who worked as an electrician until he was 80, said in an interview to celebrate his 108th birthday that he attributed his long life to not smoking and eating healthily.
"I have always taken care of my body as you only get one. It's because I haven't gassed myself to death with tobacco smoke and I've eaten good food," he said.
The late centenarian was seven when the Titanic sank in 1912 which was the same year Stockholm hosted the Olympic games. Andersson also lived through two world wars and numerous other historical events but stated that his best memory was the introduction of electricity to his hometown.
Before passing away he stated that he planned to "just take one day at a time."
Andersson is survived by his three sons, grandchildren and great grandchildren.
Astrid Zachrison, who died in 2008 at the age of 113, still holds the record for Sweden's oldest ever person.
In the 2014 Global Age Watch Index Sweden was voted the second best country in the world to grow old in. It lost the top spot it secured in 2013 to Nordic Scandinavian cousins Norway. An estimated 25.6 percent of the Swedish population is over the age of 60, with that figure expected to jump to 28.5 percent by 2050.