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Sweden is one of the most industrialized countries in Europe. In recent years, Sweden has seen a notable expansion in high value-added sectors such as biotechnology, life sciences, advanced engineering, nanotechnology, and information technology, including software development. The service sector accounts for approximately 70% of GDP, reflecting the country's advanced stage of economic growth. In 2024, Sweden’s GDP is expected to be $624B, a 0.2% increase from the year prior. Having local representation who speaks the Swedish language is a significant advantage for U.S. companies, as local contractors and suppliers with daily operations in the market, access to valuable information, and connections with key decision-makers can more effectively identify and respond to business opportunities.