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There are basically two reasons for why Sweden is wealthy. First, during the latter half of the 19th century beginning around 1860s-1870s, Sweden saw industrialization and deregulations coming as a relief in the economy. Now and up until the turn of century many Swedish inventors and entrepreneurs successfully started firms and companies that exist still today. Sweden was in a latter "wave" of the industrialization, meaning they could look at industrialized countries and learn from their mistakes, which made the progress much faster. Jumping ahead in time, after WWII most of Europe lay in ruin, and so was the majority of the European economies. Sweden, which was officially neutral during the first and second world war, could now with a perfectly viable industry produce many goods that were needed throughout Europe as many countries needed repair. This production from Swedish companies to help the European economies stand on their legs lasted until the 1960s-1970s. So it was industrialization and deregulation in the latter half of 19th century and the distribution of goods and commodities to the European countries after WWII...

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15y ago
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16y ago

Because of the auto and aircraft industry (Saab and Volvo) and also the phone company Sony Ericsson.

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12y ago

absolutly, fresh drinkwater and not to many guns

free education- so if you have the will you can became allmost everything.

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13y ago

Because Sweden is a large country with a small population so less need to cut trees down for urban expansion

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12y ago

Free healthcare. Every man is equal no matter income.

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12y ago

because it has a lot of technology

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Q: Why is Sweden a developed country?
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