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 valet de chambre was over 9.2 million. Map of Sweden:Sweden is a constitutional monarchy, with a casual developed and open economy and a parliamentary rubble of presidential term. Sweden?s currency is the krona (SEK) and currently trades almost 0.125105 $US. (Values from 26/3/2009, but varies constantly)Sweden?s main industries see on: push vehiclesforestrytelecommunicationsSweden?s main resources atomic number 18:timberhydropoweriron oreSweden?s total valuate revenue was 47.8% of gross domestic overlap in 2007, which was the second highest after Denmark. Sweden is assort as an guide on mixed food market economy. Most sparing decisions are made by the private sector, but government discussion still exists. Up until 2008, Sweden?s economy has been growing quic kly 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 take aim of Human DevelopmentHigh levels of Saving and InvestmentWidespread access to Health, Education and cordial upbeat ServicesThe country?s major trading partners include:GermanyUSANorwayUKDenmarkFinlandFranceNetherlandsBelgiumEconomic IndicatorsEconomic GrowthSweden has had ordered ontogenesiss of 3-5% in their GDP (gross domestic product) in the olden few years, but 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 unbent 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 archeozoic 2010. immanent 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 transfer a full essay, order it on our website: BestEssayCheap.com

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