Lund in southern Sweden was ranked as Sweden's top university and came 70th overall in the QS World University Rankings, dropping from number 60 in last year's tables.
Eight Swedish universities feature in the QS rankings, and all but two either dropped or remained in the same position as last year.
The Royal Institute of Technology (Kungliga Tekniska Högskolan, KTH) climbed to 92nd place, knocking the ancient Uppsala University down to number 102 from 81 in the 2014 rankings. And Gothenburg-based Chalmers University of Technology leaped from 175th to 132nd place.
Founded in 1827, KTH is Sweden's oldest and largest technical seat of higher education and provides one third of the country's technical and engineering research at university level.
“With over 18,000 students and an international reputation for excellence, the university continues to nurture the world's brightest minds, helping to shape the future,” reads the QS description.
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While Sweden was the only Nordic nation to claim two spots in the tables, honours for the highest-ranked university in the region went to the University of Copenhagen.
The Danish university came in at 69th place in the QS rankings, which compare the world’s top 800 institutions across six criteria covering research, employability, teaching and international outlook.
The highest ranking Norwegian school was the University of Oslo at number 135, while Finland's University of Helsinki was ranked the 96th best. No Icelandic universities were included.
The number one university in the world, according to QS, is the United States' MIT, closely followed by Harvard, with Stanford and the United Kingdom's Cambridge claiming a shared third place.
The QS World University Rankings annually rate 800 universities, based on measures including academic reputation, reputation among employers, citations, mentoring and student performance. The full rankings can be viewed here.