Stockholm, which is the capital and largest city of Sweden, is located at the junction of Lake Malar and Salt Bay. It stands on 15 islands where the lake joins the Baltic Sea.
Stockholm contains about 20 percent of the total population of Sweden, which increased through the years due to immigration. The city generates a quarter of the country's gross national product. It is the most economically stable region in Sweden, where production exceeds manufacturing. One of its major electronic industries is the telecommunication company Ericsson. Stockholm is the site for the prestigious awarding of the Nobel Prizes in several categories, including physiology or medicine, literature, physics and chemistry.