Sweden – Wikipedia, the free encyclopediaToday, Sweden is a constitutional monarchy with a parliamentary democracy form of government and a highly developed economy. Sweden has the world’s eighth-highest per capita income. In 2013, it ranked second in the world on the Democracy Index, seventh (tied with Ireland) on the 2013 United Nations’ Human Development Index (third on the inequality-adjusted HDI), second on the 2013 OECD Better Life Index and third on the 2012 Legatum Prosperity Index.