by yudaica2013 ·

Main article: Economy of Sweden
Gross Regional Product (GRP) per capita in thousands of kronor (2004).
Sweden has a strong market economy regulated by the state, which has been known as the Swedish model and presented the proposal as an example of socio-economic of European social democracy. mainly for export, has a modern distribution system sufficient internal and external communications and a dedicated work force. Timber, hydropower, and iron are the basis of its highly focused international trade. Engineering provides 50 of production and exports. Telecommunications and automotive and pharmaceutical industries are also of great importance. Agriculture is 2 of GDP and employment.
By the end of 2007 the twenty largest companies registered in Sweden are Volvo, Ericsson, Vattenfall, Skanska, Sony Ericsson Mobile Communications AB, Svenska Cellulosa Aktiebolaget, Electrolux, Volvo Personvagnar, TeliaSonera, Sandvik, Scania, IKEA, Hennes and Mauritz, Nordea, Preem, Atlas Copco, Securitas, Nordstjernan, and SKF. Almost all the Swedish industrial production is done by private companies, in contrast to other industrialized countries such as Austria and Italy, where state-owned enterprises have increased. The center-right government of Prime Minister Fredrik Reinfeldt installed in 2006, announced that privatized most state enterprises and by 2008 had sold Vin and Sprit (VandS), producer of Absolut vodka, the insurer Vasakronan and actions in OMX, company that controls the stock market.
Real GDP growth in Sweden, 1996’2006.
The economically active population (EAP) is about 4.5 million people, of whom about one third have higher education. The country’s economy grows at a rate of 2 per year. The average worker gets 40 of their salary after taxes and social security contributions. The tax burden in Sweden is high compared with other developed countries, accounting for 51.1 of GDP in 2007, almost double that of countries like the United States or Ireland. Public employees account for almost one third of the workforce, a rate higher than most countries. GDP growth has accelerated since the reforms in the 1990s, especially in manufacturing.
Sweden is a member of the European Union and part of its common market.
The World Economic Forum in 2008 to consider Sweden as the third most competitive country in the world. Meanwhile, the Index of Economic Freedom puts N 27 of 162 countries assessed, 14 N and between 41 European countries. Finally, ranks 9 of the IMD Competitiveness Yearbook 2008.
Sweden rejected the euro as their currency through popular vote and now the country’s official currency is Swedish Krona (SEK). The Swedish Central Bank (Sveriges Riksbank) ‘founded in 1668 making it the oldest central bank in the world’ is concerned with price stability, keeping inflation at 2 a year, one of the lowest among the countries Europe since the mid-1990. The countries with which it performs the bulk of financial activity are Germany, United States, Norway, United Kingdom, Denmark and Finland.

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