The economic growth and prosperity of Sweden is built upon its labor market model. The Swedish labor market is characterized by high degrees of unionization and equality. The labor force participation rate is 75%.
Sweden has a highly educated workforce, as about one-third of the population has post-secondary education of at least three years. College education is free, and students can apply for grants and loans during their studies. This model is fundamental for equality of opportunity, social mobility, and a productive and specialized workforce.