Website in: 
| Choose the first letter to select required country: Economy Of Sweden
|
| Economy overview | Aided by peace and neutrality for the whole 20th century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a skilled labor force. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for about 90% of industrial output, of which the engineering sector accounts for 50% of output and exports. Agriculture accounts for only 2% of GDP and 2% of the jobs. The government's commitment to fiscal discipline resulted in a substantial budgetary surplus in 2001, which was cut by more than half in 2002, due to the global economic slowdown, declining revenue, and increased spending. The Swedish central bank (the Riksbank) is focusing on price stability with its inflation target of 2%. Growth remained sluggish in 2003. On September 14, 2003, Swedish voters turned down entry into the euro system, concerned about the impact on democracy and sovereignty. |
| GDP | purchasing power parity - $238.3 billion (2004 est.) |
| GDP - real growth rate | 1.7% (2004 est.) |
| GDP - per capita | purchasing power parity - $26,800 (2004 est.) |
| GDP - composition by sector |
agriculture: 2% industry: 29% services: 69% (2001) |
| Investment gross fixed | 15.7% of GDP (2004 est.) |
| Population below poverty line | NA |
| Household income or consumption by percentage share |
lowest 10%: 3.7% highest 10%: 20.1% (1992) |
| Distribution of family income - Gini index | 25 (1992) |
| Inflation rate consumer prices | 1.9% (2004 est.) |
| Labor force | 4.449 million (2004 est.) |
| Labor force by occupation | agriculture 2%, industry 24%, services 74% (2000 est.) |
| Unemployment rate | 4.9% (2004 est.) |
| Budget |
revenues: $177.7 billion expenditures: $176.9 billion, including capital expenditures of na (2004 est.) |
| Public debt | 51.8% of GDP (2004 est.) |
| Agriculture products | barley, wheat, sugar beets; meat, milk |
| Industries | iron and steel, precision equipment (bearings, radio and telephone parts, armaments), wood pulp and paper products, processed foods, motor vehicles |
| Industrial production growth rate | 1.9% (2004 est.) |
| Electricity production | 152.9 billion kWh (2001) |
| Electricity production by source |
fossil fuel: 4% hydro: 50.8% other: 2.3% (2001) nuclear: 43% |
| Electricity consumption | 134.9 billion kWh (2001) |
| Electricity exports | 18.45 billion kWh (2001) |
| Electricity imports | 11.14 billion kWh (2001) |
| Oil production | 0 bbl/day (2001 est.) |
| Oil consumption | 328,600 bbl/day (2001 est.) |
| Oil exports | 203,700 bbl/day (2001) |
| Oil imports | 553,100 bbl/day (2001) |
| Oil proved reserves | |
| Natural gas production | 0 cu m (2001 est.) |
| Natural gas consumption | 949 million cu m (2001 est.) |
| Natural gas exports | 0 cu m (2001 est.) |
| Natural gas imports | 968 million cu m (2001 est.) |
| Natural gas proved reserves | |
| Current account balance | $19.56 billion (2004 est.) |
| Exports | $102.8 billion f.o.b. (2004 est.) |
| Exports commodities | machinery 35%, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals |
| Exports partners | US 11.5%, Germany 10%, Norway 8.4%, UK 7.8%, Denmark 6.4%, Finland 5.7%, Netherlands 4.9%, France 4.9%, Belgium 4.5% (2003) |
| Imports | $83.27 billion f.o.b. (2003 est.) |
| Imports commodities | machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs, clothing |
| Imports partners | Germany 18.7%, Denmark 9%, UK 8%, Norway 8%, Netherlands 6.8%, Finland 5.6%, France 5.5%, Belgium 4.2% (2003) |
| Reserves of foreign exchange gold | $19.99 billion (2003) |
| Debt external | $66.5 billion (1994) |
| Economic aid recipient | |
| Currency | Swedish krona (SEK) |
| Currency code | SEK |
| Exchange rates | Swedish kronor per US dollar - 8.0853 (2003), 9.7371 (2002), 10.3291 (2001), 9.1622 (2000), 8.2624 (1999) |
| Fiscal year | calendar year |
Introduction and Background to Sweden | Geography Of Sweden | People Of Sweden | Government Of Sweden | Communications Of Sweden | Transportation Of Sweden | Military Of Sweden | Transnational Issues Of Sweden
Swedish Flag Map Of Sweden Swedish language
| Free Translation | Affiliate Program | Translation Articles | ||||
| Not enough money for professional translation? We still can help! We have several free online translators that you can refer to. Free Translators | Looking for an opportunity to generate revenue from your website? Join our affiliate program and earn commissions for each sale you generate from your website. Affiliate Sign-up |
We collect and publish translation articles from freelance translators and people who are close to translation field. Translation Articles |
||||
Copyright © 2008 Translation Services Terms and Conditions |
