Sweden, an EU member since 1995, boasts a robust economy with a GDP per capita significantly above the EU average. It has a diverse economy with major contributions from industries like telecommunications, automotive, and pharmaceuticals. Sweden's population of about 10.3 million enjoys a high standard of living and low unemployment rates. Politically, Sweden is a constitutional monarchy with a strong tradition of democracy and governance. It is known for its commitment to environmental sustainability and ranks high in EU innovation and digital economy indices. Despite its EU membership, Sweden has retained its currency, the Swedish krona.