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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.

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Q: Is Sweden a Socialist country
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How is Sweden a Socialist country?

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


Does Sweden have a socialist economy?

No Sweden does not have a socialist economy. Sweden has a market economy. Even though Sweden is not a socialist economy it does have things such as universal healthcare and free education.


Which country is a socialist economy country?

While there is no country that is purely socialist, there are several that come very close. Sweden is probably the best example of a socialist country in the world.


When was Socialist Workers' Party of Sweden created?

Socialist Workers' Party of Sweden was created in 1985.


When was Revolutionary Socialist Party - Sweden - created?

Revolutionary Socialist Party - Sweden - was created in 1945.


When was Left Socialist Party - Sweden - created?

Left Socialist Party - Sweden - was created in 1940.


When was National Socialist People's Party of Sweden created?

National Socialist People's Party of Sweden was created in 1926.


When was National Socialist Workers' Party - Sweden - created?

National Socialist Workers' Party - Sweden - was created in 1933.


When did National Socialist Workers' Party - Sweden - end?

National Socialist Workers' Party - Sweden - ended in 1945.


Is Colombia a socialist or communist country?

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Yes! they are capitalist country though, but socialist in hiding!


Is there a Socialist country in Caribbean?

Cuba is the perfect example of a Communist/ Socialist country in the Caribbean.


What country is Sweden in?

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What form of government does Sweden have and how do the citizens of Sweden participate in their government?

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Most countries that are declared as Socialist Countries such as Chile, Brazil, Sweden, and Finland are democracies. There are some socialist dictatorships such as Venezuela, Ecuador, and Peru.

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