Sweden is a Scandinavian country in northern Europe with a total area of 173, 732 square miles spread across borders that include the Baltic Sea, the Gulf of Bothnia, Norway and Finland. It is connected to Denmark by a bridge tunnel across the Oresund. Sweden is a federal state located in Northern Europe. Its capital and the largest city is Stockholm, with the population of little less than ten million, which precisely is at 9,633,490 (2013 census). 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 2012, the World Economic Forum ranked Sweden as the fourth-most competitive country in the world. In the latest developments and innovation, it is without any doubt that has proved Sweden to be one of the most competitive nations, and the major drivers in Sweden’s economy have been highly sufficient and effective to the core. Sweden has robust policy frameworks and sustained reform initiatives, which have helped the country, weather the economic crisis. Sweden has a high income economy and it is the world’s tenth-richest economy in terms of per-capita income.