header HomePlacesMapsMap Products & ServicesHotels & TravelDestination GuidesWeb DirectoryContact

Sweden:
Economy

Flag of Sweden
Click to enlarge

Sweden Page


Economy - overview
Definition
Aided by peace and neutrality for the whole of the 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 1% of GDP and 2% of employment. Sweden is in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. This and robust finances have offered the center-right government considerable scope to implement its reform program aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. The govenment plans to sell $31 billion in state assets during the next three years to further stimulate growth and raise revenue to pay down the federal debt. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty.
GDP (purchasing power parity)
Definition - World rank and map
$334.6 billion (2007 est.)
GDP (official exchange rate)
Definition
$455.3 billion (2007 est.)
GDP - real growth rate
Definition - World rank and map
2.6% (2007 est.)
GDP - per capita
Definition - World rank and map
$36,500 (2007 est.)
GDP - composition by sector
Definition
agriculture: 1.4%
industry: 28.9%
services: 69.8% (2007 est.)
Labor force
Definition
4.839 million (2007 est.)
Labor force - by occupation
Definition
agriculture: 2%
industry: 24%
services: 74% (2000 est.)
Unemployment rate
Definition - World rank and map
6.1% (2007 est.)
Population below poverty line
Definition
NA%
Household income or consumption by percentage share
Definition
lowest 10%: 3.6%
highest 10%: 22.2% (2000)
Distribution of family income - Gini index
Definition - World rank and map
23 (2005)
Inflation rate (consumer prices)
Definition - World rank and map
1.7% (2007 est.)
Investment (gross fixed)
Definition - World rank and map
18.9% of GDP (2007 est.)
Budget
Definition
revenues: $253.4 billion
expenditures: $240.5 billion (2007 est.)
Public debt
Definition - World rank and map
41.2% of GDP (2007 est.)
Agriculture - products
Definition
barley, wheat, sugar beets; meat, milk
Industries
Definition
iron and steel, precision equipment (bearings, radio and telephone parts, armaments), wood pulp and paper products, processed foods, motor vehicles
Industrial production growth rate
Definition - World rank and map
4% (2007 est.)
Electricity - production
Definition - World rank and map
153.2 billion kWh (2005)
Electricity - consumption
Definition - World rank and map
134.1 billion kWh (2005)
Electricity - consumption per capita
Definition - World rank and map
14,825.3 kWh (2005)
Electricity - exports
Definition
21.97 billion kWh (2005)
Electricity - imports
Definition
14.58 billion kWh (2005)
Oil - production
Definition - World rank and map
2,350 bbl/day (2005 est.)
Oil - consumption
Definition - World rank and map
363,200 bbl/day (2005 est.)
Oil - consumption per 1,000 people
Definition - World rank and map
40.2 bbl/day (2005 est.)
Oil - exports
Definition - World rank and map
231,100 bbl/day (2004)
Oil - imports
Definition - World rank and map
580,600 bbl/day (2004)
Oil - proved reserves
Definition - World rank and map
0 bbl (1 January 2006 est.)
Natural gas - production
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - consumption
Definition - World rank and map
893.9 million cu m (2005 est.)
Natural gas - consumption per capita
Definition - World rank and map
99 cu m (2005 est.)
Natural gas - exports
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - imports
Definition - World rank and map
893.9 million cu m (2005)
Natural gas - proved reserves
Definition - World rank and map
0 cu m (1 January 2006 est.)
Current account balance
Definition - World rank and map
$37.99 billion (2007 est.)
Exports
Definition - World rank and map
$170.2 billion f.o.b. (2007 est.)
Exports - commodities
Definition
machinery 35%, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals
Exports - partners
Definition
Germany 10.4%, Norway 9.4%, US 7.6%, Denmark 7.4%, UK 7.1%, Finland 6.4%, Netherlands 5.1%, France 5%, Belgium 4.6% (2006)
Imports
Definition - World rank and map
$150.6 billion f.o.b. (2007 est.)
Imports - commodities
Definition
machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs, clothing
Imports - partners
Definition
Germany 18.4%, Denmark 9.2%, Norway 8.3%, UK 6.8%, Finland 6.1%, Netherlands 5.8%, France 5%, China 4.3%, Belgium 4.1% (2006)
Reserves of foreign exchange and gold
Definition - World rank and map
$28.02 billion (2006 est.)
Debt - external
Definition - World rank and map
$598.2 billion (30 June 2006)
Stock of direct foreign investment - at home
Definition
$210.8 billion (2007 est.)
Stock of direct foreign investment - abroad
Definition
$257.4 billion (2007 est.)
Market value of publicly traded shares
Definition
$403.9 billion (2005)
Economic aid - donor
Definition
ODA, $3.955 billion (2006)
Currency (code)
Definition
Swedish krona (SEK)
Exchange rates
Definition
Swedish kronor per US dollar - 6.7629 (2007), 7.3731 (2006), 7.4731 (2005), 7.3489 (2004), 8.0863 (2003)
Fiscal year
Definition
calendar year


Google
 
Web sitesatlas.com