Economy of Sweden
Economy of Sweden
Currency
Swedish krona (SEK, kr)
Fiscal year
calendar year
Trade
organisations
EU, OSCE, WTO, OECD and
others
Statistics
GDP
$333.1 billion (2007 est.)
GDP growth
3.4% (2007 est.)
GDP per capita $36,900 (2007 est.)
GDP by sector
agriculture: 1.4%, industry:
29.2%, services: 69.4%
(2007 est.)
Inflation (CPI)
3.5% (2007)
Population
below poverty
line
6% [1]
Labour force
4.66 million (2007 est.)
Labour force
by occupation
agriculture: 2%, industry:
24%, services: 74% (2000
est.)
Unemployment 6,1 % (2007 est.) [2]
Main
industries
telecommunications
equipment, wood pulp and
paper products, motor
vehicles, pharmaceutical
products, iron and steel
External
Exports
$176.5 billion (2007 est.)
Export goods
machinery, motor vehicles,
paper products, pulp and
wood, iron and steel
products, chemicals
Main export
partners
Germany 9.8%, United
States 9.3%, Norway 9,2%,
United Kingdom 7.1%,
Denmark 6.9%, Finland 6%,
France 4.9%, Netherlands
4.7%, Belgium 4.5% (2006)
Imports
$157.2 billion (2007 est.)
Import goods
machinery, petroleum and
petroleum products,
chemicals, motor vehicles,
iron and steel; foodstuffs,
clothing
Main import
partners
Germany 17.3%, Denmark
9.1%, Norway 8.2%, UK 6%,
Netherlands 5.8%, Finland
5.7%, France 4,6%, Belgium
4.1% (2006)
Public finances
Public Debt
31% of GDP (2008 est.) [3]
Revenues
$241.2 billion (2007 est.)
Expenses
$229.1 billion (2007 est.)
Economic aid
donor: ODA, $3.8 billion
(April. 2007)
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US
dollars
The Sweden economy is modern and highly
industrialised. It has a modern distribution
system, excellent internal and external com-
munications, and a skilled labor force. Tim-
ber, hydropower, and iron ore constitute the
resource base of an economy heavily oriented
toward foreign trade. The main industries in-
clude motor vehicles, telecommunications,
pharmaceuticals and forestry.
Aided by peace and neutrality for the
whole of the 20th century, Sweden has
achieved an excellent sta