WebJul 25, 2024 · Sweden, with a GDP of $627 billion (2024) and a population of 10.4 million, is the largest Nordic economy and boasts a transparent, highly developed, sophisticated and diversified market with few barriers to entry. Sweden ranks among top 10 worldwide on several competitiveness studies (WEF, IMD). This is due in part to Sweden’s export ... The economy of Sweden is a highly developed export-oriented 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, … See more In the 19th century Sweden evolved from a largely agricultural economy into the beginnings of an industrialized, urbanized country. Poverty remained widespread, prompting a large portion of the country to emigrate, mainly to … See more Current economic development reflects a quite remarkable improvement of the Swedish economy since the crisis in 1991–93, so that … See more Around seventy percent of the Swedish labour force is unionised. For most unions there is a counterpart employer's organization for businesses. The unions and employer organisations are independent of both the government and political parties, … See more The Swedish government has announced that it will privatise a number of wholly and partly state owned companies. "The income from these sales will be used to pay off the government debt and reduce the burden of debt for future generations. The Government's … See more Sweden is an export-oriented mixed economy featuring a modern distribution system, excellent internal and external communications, … See more In contrast with most other European countries, Sweden maintained an unemployment rate around 2% or 3% of the work force throughout the 1980s. This was, however, … See more The traditionally low wage differential has increased in recent years as a result of increased flexibility as the role of wage setting at the company level has strengthened somewhat. Still, Swedish unskilled employees are well paid while well educated … See more
GDP growth (annual %) - Sweden Data - World Bank
WebApr 9, 2024 · Sweden, country located on the Scandinavian Peninsula in northern Europe. The name Sweden was derived from the Svear, or Suiones, a people mentioned as early as 98 ce by the Roman author … WebGDP in Sweden averaged 249.57 USD Billion from 1960 until 2024, reaching an all time high of 635.66 USD Billion in 2024 and a record low of 15.82 USD Billion in 1960. This page provides the latest reported … timothy elgin
Sweden country profile - BBC News
WebEconomy of Sweden. Sweden’s per capita gross national product (GNP) is among the highest in the world, but so are its taxes. Most enterprises are privately owned and market-oriented, but when transfer payments—such … WebDec 9, 2024 · A dynamic economy. Today, Sweden has a diverse and highly competitive economy. In the the IMD World Competitiveness Ranking 2024 – which ranks 63 … WebThe economy of Belgium is a highly developed mixed economy, which has capitalised on the country's central geographic location, a highly developed transport network, and a diversified industrial and commercial base.Belgium was the first country to join the Industrial Revolution on the continent of Europe in the early 19th century. It has since developed … timothy elephant sculpture