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Country | Sweden |
Width | 265 |
Currency | Swedish krona (SEK, kr) |
Year | calendar year |
Organs | EU, OSCE, WTO, OECD and others |
Rank | 33 |
Gdp | $333.2 billion (2009 est.) |
Growth | 7.3% (Q4 2010) |
Per Capita | $37,775 (2010 est.) |
Sectors | agriculture: 1.6%, industry: 26.6%, services: 71.8% (2009 est.) |
Inflation | -0.5% (2009 est.) |
Gini | 23 (2005) |
Labor | 4.93 million (2009 est.) |
Occupations | agriculture: 1.1%, industry: 28.2%, services: 70.7% (2009 est.) |
Unemployment | 7.9% (Jan. 2011) |
Average Gross Salary | 3,911 - / 5,279 $, monthly (2006) |
Average Net Salary | 2,155 - / 2,910 $, monthly (2006) |
Industries | telecommunications equipment, wood pulp and paper products, motor vehicles, pharmaceutical products, iron and steel |
Exports | $132.8 billion (2009 est.) |
Edbr | 14th |
Export-goods | machinery, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals |
Export-partners | Germany 10.4%, Norway 9.5%, Denmark 7.4%, UK 7.3%, US 6.6%, Finland 6.3%, Netherlands 5.1%, France 4.9%, Belgium 4.4% (2008) |
Imports | $121.1 billion (2009 est.) |
Import-goods | machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs, clothing |
Import-partners | Germany 17.5%, Denmark 9.4%, Norway 8.6%, UK 6.2%, Finland 5.7%, Netherlands 5.6%, France 5%, Russia 4.4%, China 4.2% (2008) |
FDI | $298.3 billion (31 December 2009 est.) |
Gross External Debt | $669.1 billion (30 June 2009) |
Debt | 43.2% of GDP (2009 est.) |
Revenue | $196.9 billion (2009 est.) |
Expenses | $211.4 billion (2009 est.) |
Reserves | US$51.526 billion (March 2011) |
Credit | *Standard & Poor's: AAA (Domestic) AAA (Foreign) AAA (T&C Assessment) Outlook: Stable
*Moody's: Aaa Outlook: Stable
*Fitch: AAA Outlook: Stable |
Aid | donor: ODA, $3.8 billion (April. 2007) |
Cianame | sw |
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The economy of Sweden is a developed diverse economy, aided by timber, hydropower and iron ore. These constitute the resource base of an economy oriented toward foreign trade. The main industries include motor vehicles, telecommunications, pharmaceuticals, industrial machines, precision equipments, chemical goods, home goods and appliances, forestry, iron and steel.
Because of the fact that Sweden is a neutral country and did not actively participate in the World War II, during the post-war era, the country did not have to rebuild its economic base, banking system, and country as a whole, like other countries had to.
Sweden has achieved a relatively high standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. Sweden has the second highest total tax revenue behind Denmark, as a share of the country's income. , total tax revenue was 47.8% of GDP, down from 49.1% 2006.
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