No. Since about 1935 Sweden has had a capitalist economy governed by social democratic policies, including with high, redistributive income tax rates and general welfare benefits (even when under conservative governments). After 1935, a collective bargaining scheme was set up which gave both unions and businesses representation and a forum to mediate disputes. This form of class collaboration was intended to stave off socialist ideas of abolishing capitalism for a socialist economic system. The majority of industries in Sweden are privately-owned, with very few collectively-owned and publicly-owned firms.
The Swedish economic model, which has been similar to other Scandinavian countries and therefore are called the "Scandinavian model" or "Nordic model", has the goal of creating a welfare state, not a state based on collective ownership.
Large private-owned companies from Sweden is i.e. IKEA, H&M and Ericsson. The existence of large privately-owned companies is not compatible with the definition of socialism.
It's actually a mistake for people to call Sweden a socialist country. People who call Sweden a socialist country are usually from the far right. A true socialist country would not have industries such as Ikea, Volvo, Ericson, and so on. However, Sweden is the most left wing country in Europe. http://www.politicalcompass.org/euchart
While the Swedes themselves would say that they are not a Socialist Country, 'a Rose by any other name is still a Rose'. Sweden has very high tax rates that effectively redistribute wealth to those who have no wealth. The Government programs provide a 'cradle to grave' care taker society. They fit the mold of what Americans would call a Socialist Society, but the Swedes refute that description.
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