Sweden is a constitutional monarchy and a parliamentary democracy, with the Monarch as the head of state. The capital cityis Stockholm, which is also the most populous city in the country. weden is the seventh-richest country in the world in terms of GDP (gross domestic product) per capita and a high standard of living is experienced by its citizens. Sweden is an export-oriented mixed economy. Timber, hydropower and iron ore constitute the resource base of an economy with a heavy emphasis onforeign trade. Sweden's engineering sector accounts for 50% of output and exports, while telecommunications, the automotive industry and the pharmaceutical industries are also of great importance. Sweden is the ninth-largest arms exporter in the world. Agriculture accounts for 2% of GDP and employment.
Swedish universities offer degree programmes according to the European standard. This includes bachelor’s, master’s and PhD programmes.