King: Carl XVI Gustaf
Prime minister: Fredrik Reinfeldt
The Alliance for Sweden, a centre-right coalition headed by Moderate Party leader Fredrik Reinfeldt, came to power at elections in September 2006, ending 10 years of rule by the Social Democrat Party.
Governing with a slim seven-seat majority in its first term, Mr Reinfeldt's government cut income taxes, trimmed benefits and sold off state assets.
Buoyed by Sweden's rapid economic recovery from the 2008 , Mr Reinfeldt looked assured to win a second term ahead of elections in 2010 and become the first centre-right PM to be re-elected since World War II.
However, his Alliance for Sweden fell short of an overall majority by two seats, and Mr Reinfeldt formed a minority coalition government. The anti-immigration Swedish Democrats became Sweden's first far right party to win seats in parliament.
The opposition centre-left Social Democrats, who governed Sweden for much of the period since World War II, suffered a painful slump in support.
After becoming party leader of the right-wing Moderate Party in 2003, Mr Reinfeldt moved it towards the political centre, toning down its criticism of Sweden's welfare state and adopting a consensual approach. He supports Sweden's entry into Nato, provided there is cross-party support.
Born in 1965, Fredrik Reinfeldt joined his party's youth wing in 1991.