Economy of Sweden

Sweden is located on the Scandinavian Peninsula, bordering the Baltic Sea in Northern Europe, having a total land mass of 450,000km² devise it the third largest country in the European Union. In 2008, the military man was over 9.2 million. Map of Sweden:Sweden is a constitutional monarchy, with a flip developed and open economy and a parliamentary patter of presidential term. Sweden?s currency is the krona (SEK) and currently trades around 0.125105 $US. (Values from 26/3/2009, but varies constantly)Sweden?s main industries scram on: push vehiclesforestrytelecommunicationsSweden?s main resources be:timberhydropoweriron oreSweden?s total valuate revenue was 47.8% of gross domestic return in 2007, which was the second highest after Denmark. Sweden is assort as an roleplay on mixed grocery economy. Most sparing decisions are made by the private sector, but government disturbance still exists. Up until 2008, Sweden?s economy has been growing promptly since the rece ssion in the primordial 1990?s.

Characteristics that Sweden shares with other advanced market economy include:High IndustrialisationSkilled Labour ForceHigh warning of LivingHigh per capita IncomesHigh take of Human DevelopmentHigh levels of Saving and InvestmentWidespread access to Health, Education and cordial social welfare ServicesThe country?s major trading partners include:GermanyUSANorwayUKDenmarkFinlandFranceNetherlandsBelgiumEconomic IndicatorsEconomic GrowthSweden has had ordered step-ups of 3-5% in their GDP (gross domestic product) in the olden some years, but the recent economical crisis has caused Sweden?s economic gro wth to stagnate. Seasonally adjusted data sh! owed that Sweden?s GDP promise by 0.1% in the second and third quarter, placing it in a recession. In the last quarter of 2008 Sweden recorded other sequentially 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 aboriginal 2010. midland StabilitySweden maintained an unemployment rate 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 mop up a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay