SALARY IN SWEDEN

Sweden is a developed European country with a population of slightly over 10 million people, located in the northern part of Europe on the Scandinavian Peninsula. It is washed by waters of Baltic Sea. It has a land border with Norway and Finland. It is very comfortable country for living and working with high social standards, strong economy and developed institutions of democracy.

Salary in Sweden

In Sweden there is low crime rate, high-quality medicine and good ecology. Favorable conditions for professional activity and career growth are created here. The country has decent salaries and a stable labor market. At the same time, it is a very expensive country to live in, with high taxes. Let's find out what salaries in Sweden in 2021.

Minimum salary in Sweden

The official minimum wage in Sweden is not set. In most sectors of the economy rates are fixed in special collective agreements between unions and employers. The minimum wage for Swedish workers largely depends on the region, profession, education, skill level, experience and many other factors.

Sweden's Central Bureau of Statistics tracks the national average wage in major occupations, and unions collect statistics from their members. These figures and some other indicators are then used as benchmarks during individual negotiations and collective bargaining.

Nominally, Swedes work about 38 to 40 hours a week (225 working days a year). Paid annual leave is five to six weeks. Temporary sick leave is partly paid at up to 80% of salary. Overall, the minimum wage in Sweden in 2021 is about 1,500-2,000 U.S. dollars per month. This is one of the highest in the European Union.

Average salary in Sweden

According to official data from the Swedish Bureau of Statistics, the average wage in Sweden in 2021 is 184 Swedish kronas per hour, the equivalent of 22 U.S. dollars. Monthly local workers receive 39,675 kronas ($4,755). After tax deductions, that leaves about 29,430 kronas ($3,530).

Swedish intellectual workers in the private sector earn an average of 43,510 kronas ($5,215) per month. The highest earners are in finance and insurance (51,700 kronas), while workers in accommodation and food services earn the least (26,100 kronas).

AVERAGE SALARY IN SWEDEN BY SECTOR OF ECONOMY

Sector of economy Kronas per month U.S. dollars per month
Finance and insurance 51,700 6,200
Information and communication 45,100 5,410
Professional and scientific-technical activities 42,800 5,130
Supply of electricity, gas, steam and air conditioning 42,600 5,110
Mining and quarrying 39,900 4,785
Real estate operations 37,200 4,460
Public administration and defense 37,000 4,435
Manufacture 36,600 4,390
Construction 35,500 4,255
Wholesale and retail trade 34,100 4,090
Water, sewerage and waste management 33,800 4,050
Health care and social work 31,800 3,815
Education 31,800 3,815
Transportation and storage 31,800 3,755
Administrative and support services 30,100 3,610
Arts, entertainment and recreation 29,800 3,575
Agriculture 28,200 3,380
Accommodation and food 26,100 3,130
Other services 32,200 3,860

Note. Information on average wages by sector is based on official data from Sweden's Central Statistics Office.

Lastly, note that unemployment in Sweden is around 9-10%, and the income tax rate for earnings over 523,200 kronas a year exceeds 50%.

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