It would still be high but it's honestly way too early to tell if Sweden is doing better or worse than Germany since the virus will likely be around for quite a while.
It's also worth pointing out that different countries haven't been reporting COVID-19 deaths in the same way. Finland, for example, have just now started including nursing home deaths in their statistics [1]. In Sweden, it's my understanding that pretty much anyone who was infected with and suspected of dying due to COVID-19 has been included in the statistics, even if the actual cause of death might have been something else.
[1] https://yle.fi/uutiset/osasto/news/finlands_coronavirus_fata...