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Sweden is derived through back-formation from Old English Swēoþēod, which meant "people of the Swedes" (Old Norse Svíþjóð, Latin Suetidi).
Since then, Sweden has been at peace, maintaining an official policy of neutrality in foreign affairs.
After the end of the Cold War, Sweden joined the European Union on 1 January 1995, but declined NATO membership, as well as Eurozone membership following a referendum.
It is also a member of the United Nations, the Nordic Council, the Council of Europe, the World Trade Organization and the Organisation for Economic Co-operation and Development (OECD).
Today, Sweden is a constitutional monarchy and parliamentary democracy, with a monarch as head of state, like its neighbour Norway.
The capital city is Stockholm, which is also the most populous city in the country.