Stockholm is the capital and the largest city of Sweden. The vast majority of Stockholmians work in the service industry, which accounts for roughly 85% of jobs in Stockholm. Stockholm is Sweden's financial centre. Sweden is in Northern Europe, bordering the Baltic Sea, Gulf of Bothnia, Kattegat, and Skagerrak, between Finland and Norway. The climate is temperate in the south with cold, cloudy winters and cool, partly cloudy summers, but subarctic in the north. The official language is Swedish. It is closely related to Norwegian and Danish, which many Swedes can understand. English is widely spoken; German and French are less common. Attempting a few polite phrases in Swedish will be appreciated. The main religion is Christianity. The economy of Sweden is an export-oriented mixed economy featuring a modern distribution system, excellent internal and external communications, and a skilled labour force. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Sweden's engineering sector accounts for 50% of output and exports. Telecommunications, the automotive industry and the pharmaceutical industries are also of great importance. Expatriates should dress professionally, at least at first, however many Swedes are comfortable wearing smart casual clothing. The security risk for expatriates in Sweden is low. Risks include low levels of petty crime and the underlying threat of terrorism. The currency of Sweden is the Swedish Krona (SEK). Banking is on a par with the rest of Western Europe and North America. Medical facilities are good, however the cost of treatment for expatriates from outside the EU can be high. The population of Stockholm is 2.3 Million (2018 est.), while the inflation rate (CPI) is 2.1% for Sweden as at June 2018. For a single Expat, the personal income tax rate in Sweden is based on the current personal income tax rates, comprising National and Municipal income tax, which when combined are progressive up to 57%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Stockholm, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Stockholm as at 1 July 2018 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Average 2) Clothing: Very High 3) Communication: Low 4) Education: Average 5) Furniture & Appliances: Average 6) Groceries: High 7) Healthcare: High 8) Household Accommodation: Very High 9) Miscellaneous: Very High 10) Personal Care: Very High 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High Stockholm is for example 46% more expensive than Houston TX for groceries, 67.3% more expensive for household costs than Kuala Lumpur, and 78.2% more expensive for transport costs than Dubai. The hardship premium for Stockholm for an expat from Perth, is for example 0%, i.e. host location (Stockholm) premium of 10% minus home (Perth) location premium of 10%. Stockholm is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Stockholm? Register subscribe to your home location and Stockholm and run your personalised reports.