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Sweden Economy 2017
https://theodora.com/wfbcurrent/sweden/sweden_economy.html
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES











Sweden Economy 2017
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2017

Economy - overview:
Sweden has achieved an enviable standard of living with its combination of free-market capitalism and extensive welfare benefits. Sweden remains outside the euro zone largely out of concern that joining the European Economic and Monetary Union would diminish the country’s sovereignty over its welfare system. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade.Economic growth slowed in 2013, as a result of continued economic weakness in Sweden’s European trading partners; Sweden’s economy experienced modest growth in 2014-15, with real GDP growth above 2%, but continues to struggle with deflationary pressure.

GDP (purchasing power parity):
$498.1 billion (2016 est.) $481 billion (2015 est.) $461.7 billion (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 39
[see also: GDP country ranks ]

GDP (official exchange rate):
$517.4 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.6% (2016 est.) 4.2% (2015 est.) 2.3% (2014 est.)
country comparison to the world: 72
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$49,700 (2016 est.) $48,800 (2015 est.) $47,400 (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 25
[see also: GDP - per capita country ranks ]

Gross national saving:
30.7% of GDP (2016 est.) 29.8% of GDP (2015 est.) 28.4% of GDP (2014 est.)
country comparison to the world: 23
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 45%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 25.8%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 24.9%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0.4%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 43.7%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -39.8% (2016 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 1.7%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 34.2%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 64% (2016 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
barley, wheat, sugar beets; meat, milk

Industries:
iron and steel, precision equipment (bearings, radio and telephone parts, armaments), wood pulp and paper products, processed foods, motor vehicles

Industrial production growth rate:
4.2% (2016 est.)
country comparison to the world: 54
[see also: Industrial production growth rate country ranks ]

Labor force:
5.277 million (2016 est.)
country comparison to the world: 75
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 2%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 12%
[see also: Labor force - by occupation - industry country ranks ]
services: 86% (2014 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
6.9% (2016 est.) 7.4% (2015 est.)
country comparison to the world: 80
[see also: Unemployment rate country ranks ]

Population below poverty line:
14% (2011 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3.4%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 24% (2012)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
24.9 (2013) 25 (1992)
country comparison to the world: 142
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $248.3 billion
[see also: Budget revenues country ranks ]
expenditures: $250.2 billion (2016 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
48% of GDP (2016 est.)
country comparison to the world: 16
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-0.4% of GDP (2016 est.)
country comparison to the world: 39
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
41.4% of GDP (2016 est.) 43.2% of GDP (2015 est.)
note: data cover general government debt, and includes debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as i
country comparison to the world: 114
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
0.8% (2016 est.) 0% (2015 est.)
country comparison to the world: 61
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
0% (31 December 2014) 1% (31 December 2013)
note:: the Discount rate was abolished in 2002, and replaced by a "Reference rate" with no bearing on monetary policy; the rate quoted here is the Reference rate
country comparison to the world: 156
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
2% (31 December 2016 est.) 1.96% (31 December 2015 est.)
country comparison to the world: 177
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$282.6 billion (31 December 2016 est.) $271 billion (31 December 2015 est.)
country comparison to the world: 16
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$328.8 billion (31 December 2016 est.) $323 billion (31 December 2015 est.)
country comparison to the world: 31
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$747.3 billion (31 December 2016 est.) $749.3 billion (31 December 2015 est.)
country comparison to the world: 18
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$560.5 billion (31 December 2012 est.) $470.1 billion (31 December 2011 est.) $581.2 billion (31 December 2010 est.)
country comparison to the world: 19
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$26.03 billion (2016 est.) $25.86 billion (2015 est.)
country comparison to the world: 15
[see also: Current account balance country ranks ]

Exports:
$147.3 billion (2016 est.) $151.1 billion (2015 est.)
country comparison to the world: 31
[see also: Exports country ranks ]

Exports - commodities:
machinery 35%, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals (2012 est.)

Exports - partners:
Norway 10.3%, Germany 10.3%, US 7.7%, UK 7.2%, Denmark 6.8%, Finland 6.7%, Netherlands 5.2%, Belgium 4.4%, France 4.2% (2015)

Imports:
$134.9 billion (2016 est.) $137.3 billion (2015 est.)
country comparison to the world: 31
[see also: Imports country ranks ]

Imports - commodities:
machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs, clothing

Imports - partners:
Germany 17.9%, Netherlands 8.1%, Norway 7.8%, Denmark 7.7%, China 6%, UK 5.5%, Finland 4.6%, France 4.3%, Belgium 4.3% (2015)

Reserves of foreign exchange and gold:
$58.11 billion (31 December 2015 est.) $62.5 billion (31 December 2014 est.)
country comparison to the world: 33
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$939.9 billion (31 March 2016 est.) $929.4 billion (31 March 2015 est.)
country comparison to the world: 17
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$390.8 billion (31 December 2016 est.) $380.9 billion (31 December 2015 est.)
country comparison to the world: 18
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$465.4 billion (31 December 2016 est.) $445 billion (31 December 2015 est.)
country comparison to the world: 17
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Swedish kronor (SEK) per US dollar - 8.569 (2016 est.) 8.4335 (2015 est.) 8.4335 (2014 est.) 6.8612 (2013 est.) 6.77 (2012 est.)


NOTE: The information regarding Sweden on this page is re-published from the 2017 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Sweden Economy 2017 information contained here. All suggestions for corrections of any errors about Sweden Economy 2017 should be addressed to the CIA.




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