As a Swedish translator I follow business news in Sweden, but particularly news from the Swedish American Chamber of Commerce (SACC). US and Sweden have a long history of thriving business relations with each other. Here are some interesting statistics about the Swedish business climate from SACC:

>> Sweden’s business sector is unique for its large number of multinational corporations in relation to the relative size of the national economy.

>> Sweden places third in economic competitiveness within the EU, after Switzerland and Denmark (Source: World Economic Forum, 2008-2009).

>> Sweden is ranked as number four in economic competitiveness (Source: World Economic Forum, 2009-2010).

>> Sweden is ranked number one when it comes to technological readiness (Source: World Economic Forum, 2009-2010)

>> In 2008, there were more than 12,800 foreign-owned companies employing a total of 620,000 Swedes. USA was the country with the most IT companies, 241 and almost 12,000 employees. (Source: Only in Swedish; Tillväxtanaly)

>> Sweden is foremost in innovation capability (Source: Global Summary Innovation Index; Trendchart, 2007).

>> The highest internet penetration in Europe; 80% (Source: Invest in Sweden Agency)

> Sweden was in 2008 ranked number 18 as one of the leading exporters and importers in world trade in commercial services. (Source: WTO)

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