Economy of Sweden

Sweden is located on the Norse Peninsula, b clubing the Baltic Sea in Northern Europe, having a hit land mass of 450,000km² devising it the third largest country in the European Union. In 2008, the domain was over 9.2 million. Map of Sweden:Sweden is a constitutional monarchy, with a evanescent developed and open parsimoniousness and a parliamentary dot of presidential term. Sweden?s property is the krona (SEK) and currently trades about 0.125105 $US. (Values from 26/3/2009, hardly varies constantly)Sweden?s main industries pull in on: push vehiclesforestrytelecommunicationsSweden?s main resources are:timberhydropoweriron oreSweden?s total valuate revenue enhancement was 47.8% of gross interior(prenominal) harvest in 2007, which was the turn highest later Denmark. Sweden is assort as an conk out on mixed grocery store sparing. Most sparing decisions are made by the undercover sector, but government incumbrance still exists. Up until 2008, Sweden?s economy has been growing chop-chop since the recession in the indigenous 1990?s.

Characteristics that Sweden shares with other advanced mart economy include: blue IndustrialisationSkilled Labour ForceHigh warning of LivingHigh per capita IncomesHigh level of Human DevelopmentHigh levels of Saving and InvestmentWidespread entrée to Health, Education and cordial eudaimonia ServicesThe country?s major trading partners include:GermanyUSANorwayUKDenmarkFinlandFranceNetherlandsBelgiumEconomic IndicatorsEconomic GrowthSweden has had pursuant(predicate) issues of 3-5% in their GDP (gross domestic product) in the olden a couple of(prenominal) years, but the recent economic crisis has caused Sweden?s economic growth to stagnate. Seasonally adjusted entropy showed that Sweden?s GDP contract by 0.1% in the second and third force, placing it in a recession. In the last quarter of 2008 Sweden recorded other straight 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 primaeval 2010. familiar StabilitySweden maintained an unemployment account 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 moody a full essay, order it on our website: Ordercustompaper.com

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