Economy of Sweden Explained. economy of sweden a mixed economy of sweden has what is the economy of sweden assume the economy of sweden is in long run equilibrium and has a surplus in its current account. The economy of sweden 2015 economy of sweden 2020 economy of sweden 2023 economy of sweden 2021 economy of sweden 2024 history of economy of sweden. Economy of sweden news economy of sweden 2022 economy of sweden 2019 the mixed economy of sweden has. Assume the economy of sweden is in long run equilibrium the economy of sweden. The economy of Sweden sweden sweden economy economic explained economy gdp gnp gdp per capita ranking. Economics economics explained swedish economics explained sweden EU europe economy 2024 the economics of the sweden is sweden socialist or capitalist. Swedish economy the economy of sweden sweden economics explained economy of sweden. Unemployment sweden economic crisis sweden economic model norway vs sweden economy sweden economy 2023 Economy of Sweden Explained stockholm. Sweden is a competitive open mixed economy. The vast majority of Swedish enterprises are privately owned and market-oriented. There is also a strong welfare state, with public-sector spending accounting for up to three-fifths of GDP. In 2014, the percentage of national wealth owned by the government was 24%.

The economy of Sweden is highly developed and export-oriented, aided by timber, hydropower, and iron ore. These constitute the resource base of an economy oriented toward foreign trade. The main industries include motor vehicles, telecommunications, pharmaceuticals, industrial machines, precision equipment, chemical goods, home goods and appliances, forestry, iron, and steel. Traditionally, Sweden's economy relied on a modern agricultural economy that employed over half the domestic workforce. Today Sweden further develops engineering, mine, steel, and pulp industries, which are competitive internationally, as evidenced by companies such as Ericsson, ASEA/ABB, SKF, Alfa Laval, AGA, and Dyno Nobel.

Sweden’s per capita gross national product (GNP).

The Swedish economy is projected to recover in 2024 with the rapid expansion in 2025. Domestic demand is driving the turnaround, thanks to continued disinflation, easier financing conditions, and still strong external competitiveness supporting exports. Inflation is expected to fall to just below 2% in 2025. The labor market is set to improve only in 2025. Public finances are projected to weaken further in 2024, but the deficit is expected to decrease somewhat in 2025. The general government gross debt ratio is set to rise slightly in 2024, albeit from a comparatively low level, and is expected to resume its long-standing downward trend in 2025, reaching just above 31% of GDP.

Indicators 2023 2024 2025 GDP growth, Inflation, Unemployment, General government balance Gross public debt Current account balance.

Sweden's Agriculture
Less than one-tenth of Sweden’s land area is under cultivation. Most arable land is found in southern Sweden, but there are arable parcels up to the Arctic Circle. Wheat, barley, sugar beets, oilseeds, potatoes, and staple vegetables dominate in the south, while in the north hay and potatoes are the main crops. In Sweden as a whole, animal agriculture is more significant than cereal farming.

Resources and power
Wood, metallic ores, and waterpower constitute the historical basis for Sweden’s industrial economy. Hydroelectric power is used to a high degree but provides only about half of the electric energy needed; most of the rest is derived from nuclear power.

Manufacturing
Manufacturing is export-oriented and produces the bulk of Sweden’s export income. smaller than the number of public employees.

Electric and Electronics

Trade in Sweden's Economy
Exports account for about one-third of Sweden’s GDP. Germany, the United Kingdom, Norway, Finland, and Denmark account for about two-fifths of Sweden’s export market.

2024, The last measures to mitigate the impact of high energy prices, representing less than 0.1% of GDP, are being phased out in 2024. This notwithstanding, energy taxes on petrol have been reduced, adding up to a fiscal cost of 0.1% of GDP in 2023 and 0.2% annually in 2024 and 2025. Interest costs are estimated to broadly stabilize in 2024 and come down somewhat in 2025. Government investment is expected to remain strong over the forecast horizon.

With the economy strengthening in 2025, the deficit is expected to slightly decrease, to just below 1% of GDP based on unchanged policies.

The general government gross debt ratio is projected to rise to 32% of GDP in 2024, before falling slightly in 2025.



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