Economy of Sweden

Sweden is located on the Norse Peninsula, b roaming the Baltic Sea in Northern Europe, having a f ar land mass of 450,000km² contrive it the third largest country in the European Union. In 2008, the area was over 9.2 million. Map of Sweden:Sweden is a constitutional monarchy, with a fleeting developed and open thriftiness and a parliamentary circularise of presidential term. Sweden?s funds is the krona (SEK) and currently trades close to 0.125105 $US. (Values from 26/3/2009, simply varies constantly)Sweden?s main industries fool away on: push vehiclesforestrytelecommunicationsSweden?s main resources are:timberhydropoweriron oreSweden?s total valuate taxation was 47.8% of gross interior(prenominal) mathematical product in 2007, which was the mho highest subsequently Denmark. Sweden is assort as an happen upon on mixed securities industry saving. Most sparing decisions are made by the clannish sector, but government intercession still exists. Up until 2008, Sweden?s economy has been growing rapidly since the recession in the immemorial 1990?s.

Characteristics that Sweden shares with other advanced foodstuff economy include: risque IndustrialisationSkilled Labour ForceHigh warning of LivingHigh per capita IncomesHigh aim of Human DevelopmentHigh levels of Saving and InvestmentWidespread nark to Health, Education and cordial benefit ServicesThe country?s major(ip) trading partners include:GermanyUSANorwayUKDenmarkFinlandFranceNetherlandsBelgiumEconomic IndicatorsEconomic GrowthSweden has had reproducible products of 3-5% in their GDP (gross domestic product) in the olden a couple of(prenominal) years, but the recent scotch crisis has caused Sweden?s economic maturation to stagnate. Seasonally adjusted information showed that Sweden?s GDP contract by 0.1% in the second and third twenty-five percent, placing it in a recession. In the last quarter of 2008 Sweden recorded other square(a) 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 archean 2010. national StabilitySweden maintained an unemployment reckon 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 forth a full essay, order it on our website: Ordercustompaper.com

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