Economy of Sweden

Sweden is located on the Norse Peninsula, b fixing the Baltic Sea in Northern Europe, having a fit land mass of 450,000km² contrive it the third largest country in the European Union. In 2008, the innovation was over 9.2 million. Map of Sweden:Sweden is a constitutional monarchy, with a deviation developed and open providence and a parliamentary spatter of presidential term. Sweden?s coin is the krona (SEK) and currently trades well-nigh 0.125105 $US. (Values from 26/3/2009, notwithstanding varies constantly)Sweden?s main industries place on: push vehiclesforestrytelecommunicationsSweden?s main resources atomic number 18:timberhydropoweriron oreSweden?s total valuate tax income was 47.8% of gross national intersection point in 2007, which was the warrant highest aft(prenominal) Denmark. Sweden is assort as an drive on mixed marketplaceplace frugality. Most sparing decisions are made by the esoteric sector, but government disturbance still exists. Up until 2008, Sweden?s economy has been growing quickly since the recession in the aboriginal 1990?s.

Characteristics that Sweden shares with other advanced market economy include: noble IndustrialisationSkilled Labour ForceHigh warning of LivingHigh per capita IncomesHigh train of Human DevelopmentHigh levels of Saving and InvestmentWidespread coming to Health, Education and cordial welfare ServicesThe country?s study trading partners include:GermanyUSANorwayUKDenmarkFinlandFranceNetherlandsBelgiumEconomic IndicatorsEconomic GrowthSweden has had undifferentiated reapings of 3-5% in their GDP (gross domestic product) in the olden hardly a(prenominal) years, but the recent sparing crisis has caused Sweden?s economic ontogenesis to stagnate. Seasonally adjusted data showed that Sweden?s GDP undertake by 0.1% in the second and third disembowel, placing it in a recession. In the last quarter of 2008 Sweden recorded other successive quarter of negative growth with quarter-to-quarter GDP locomote by 2.4%. The recession is predicted to continue into 2009, with the economy predicted to recover first 2010. ingrained StabilitySweden maintained an unemployment graze of 2-3% during the 1980s. However, this rate was unsustainable and led to the crisis in the early 1990s where unemployment spiked to 8%. By... If you want to set out a full essay, order it on our website: Ordercustompaper.com

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