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 qualification it the third largest country in the European Union. In 2008, the knowledge base was over 9.2 million. Map of Sweden:Sweden is a constitutional monarchy, with a departure developed and open economy and a parliamentary rubble of presidential term. Sweden?s currency is the krona (SEK) and currently trades rough 0.125105 $US. (Values from 26/3/2009, but varies constantly)Sweden?s main industries let in on: push vehiclesforestrytelecommunicationsSweden?s main resources argon:timberhydropoweriron oreSweden?s total valuate revenue was 47.8% of gross domestic mathematical product in 2007, which was the second highest after Denmark. Sweden is assort as an regard on mixed grocery store economy. Most sparing decisions are made by the private sector, but government intercession still exists. Up until 2008, Sweden?s economy has bee n growing apace since the recession 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 level of Human DevelopmentHigh levels of Saving and InvestmentWidespread access to Health, Education and cordial public assistance ServicesThe country?s major trading partners include:GermanyUSANorwayUKDenmarkFinlandFranceNetherlandsBelgiumEconomic IndicatorsEconomic GrowthSweden has had agreeable increments of 3-5% in their GDP (gross domestic product) in the olden fewer years, b ut the recent economical crisis has caused ! Sweden?s economic growth to stagnate. Seasonally adjusted data showed that Sweden?s GDP assure by 0.1% in the second and third quarter, placing it in a recession. In the last quarter of 2008 Sweden recorded other neat 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 too soon 2010. informal 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 cancelled a full essay, order it on our website: BestEssayCheap.com

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