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Swedes and Danes spend more on home improvement than any other nation.
The name IKEA is taken from the initials I.K., of its founder Ingvar Kamprad, plus the first letters of Elmtaryd and Agunnaryd, his hometown farm  and village. Those hard-to-pronounce IKEA product names come from a variety of Swedish words, places,lakes, and common male or female names according to Joseph Roth, the company's director of public affairs in Philadelphia. For example, the Billy bookcase is taken from a boy's name. Ektorp, the sofa combination, is taken from a city in Sweden. Poang, a high backed chair, is a Swedish word meaning to make a point. 
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