Sweden enjoys a relatively low income inequality and a high standard of living. Unemployment as of 2017[update] was estimated to be 6.6% by the CIA World Fact Book,[1] lower than in other European Union countries. The Nordic model of a social welfare society exemplified by Sweden and its near neighbours has often been considered a European success story compared internationally with the socioeconomic structures of other developed industrial nations.[citation needed] This model of state provided social welfare includes many unemployment benefits for the poor, and amply funded health, housing and social security provision.[2] within essentially corruption free nations subscribing to principles of a measure of openness of information about government activity.[3] The Income inequality in Sweden ranks low in the Gini coefficient, being 25.2 as of 2015[4] which is one of the lowest in the world, and ranking similarly to the other Nordic countries; although inequality has recently been on the rise and several central European countries now have a lower Gini coefficient than Sweden.[5][6]
Inflation has lately - since around 2007 - been at a historic low in Sweden.[7] However, Swedes pay very high taxes, some 52.1% of GDP (2014 est.) but correspondingly enjoy a very generous universal welfare state. Sweden's highest earning households have a somewhat lower share of income capital when compared to other countries; with the highest earning 10% having 24% of income or consumption [8](compared to the US, in which the highest earning 10% percent have 30%,of income or consumption [9] and Germany, have 24%,[10] while Norway has 21.2%[11]), and very low absolute poverty rates. However, more recent studies have shown the wealth gap to be growing in Sweden.[12][13] In 2018 a leading Swiss bank claimed that in Sweden the highest 10% have 60-70% of the nation's wealth. The wealth inequality highlighted by the bank is accumulated wealth, not income inequality.[14] Other studies have shown that the top 10% made 90% of 'capital income.'[15] but still maintaining relatively low poverty rates. Ranked by inequality in accumulated wealth, Sweden is the 3rd most unequal nation in the world.
^"Europe :: Sweden — The World Factbook - Central Intelligence Agency". Cia.gov. Retrieved 2018-12-31.
^[1] [dead link]
^"Transparency International - Country Profiles". Transparency.org. Retrieved 2018-12-31.
^"Archived copy". Archived from the original on 2016-03-04. Retrieved 2015-04-24.{{cite web}}: CS1 maint: archived copy as title (link)
^"Inequality watch". Archived from the original on 2016-01-16. Retrieved 2015-04-24.
^"Inequality - Income inequality - OECD Data". Data.oecd.org. Retrieved 2018-12-31.
^Hüfner, Felix (2007). "Why has Swedish Inflation been Persistently Low?". Econppaers.repec.org.
^"Europe :: Sweden — The World Factbook - Central Intelligence Agency". Cia.gov. 20 October 2022.
^"North America :: United States — The World Factbook - Central Intelligence Agency". Cia.gov. 20 October 2022.
^"Europe :: Germany — The World Factbook - Central Intelligence Agency". Cia.gov. 26 October 2022.
^"The World Factbook — Central Intelligence Agency". Cia.gov. Retrieved 2018-04-20.
^Radio, Sveriges (29 March 2010). "Half the Poverty, But Wealth Gap Grows - Radio Sweden". Sveriges Radio. Retrieved 2018-04-20.
^"Income and tax statistics". Statistiska Centralbyrån. Retrieved 2018-04-20.
^"Why Socialist Scandinavia Has Some Of The Highest Inequality In Europe". Business Insider. Retrieved 2018-04-20.
^"Sweden's wealth inequality exposed by new research". 2017-02-16. Retrieved 2018-04-20.
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