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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. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty. 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...  More..

Economy of Sweden
SOURCE: CIA - The World Factbook
Currency Swedish Krona
GDP (PPP) $333.5 billion (2009 est.)
GDP (per capita) $36,800 (2009 est.)
Exports $132.8 billion (2009 est.)
Imports $121.1 billion (2009 est.)
Main Industries Iron and Steel, Precision Equipment (Bearings, Radio and Telephone Parts, Armaments), Wood Pulp and Paper Products, Processed Foods, Motor Vehicles
Exports - Commodities Machinery 35%, Motor Vehicles, Paper Products, Pulp and Wood, Iron and Steel Products, Chemicals
Imports - Commodities Machinery, Petroleum and Petroleum Products, Chemicals, Motor Vehicles, Iron and Steel; Foodstuffs, Clothing
Exports 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 Partners Germany 17.5%, Denmark 9.4%, Norway 8.5%, UK 6.2%, Finland 5.7%, Netherlands 5.6%, France 5%, Russia 4.4%, China 4.2% (2008)

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