Travel america vacations for The Swedish government has taken a vital role in reestablishing the success of its economy and reinvigorating its high standard of living. More than 90 percent of industry is privately owned, and conservative business tactics have created a unique mixture of capitalism and social welfare benefits. With a population of 8.8 million (2002), Sweden is a member of the EUROPEAN UNION (EU) with economic parity to its western European partners, but waived participation in the euro currency as of early 2003. BIBLIOGRAPHY. CIA World Factbook (2003); Ministry of Finance, Statistics: Swedish Trade Council (2002); www.mapzones. Travel america vacations 2016.