Compare Sweden (2008) - Sweden (2007)

Compare Sweden (2008) z Sweden (2007)

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	Sweden (2008)	Sweden (2007)

Budget	revenues: $241.2 billion expenditures: $229.1 billion (2007 est.)	revenues: $221.6 billion expenditures: $213.5 billion (2006 est.)
Diplomatic representation in the US	chief of mission: Ambassador Jonas HAFSTROM chancery: 2900 K Street NW, Washington, DC 20007 telephone: [1] (202) 467-2600 FAX: [1] (202) 467-2699 consulate(s) general: Chicago, Los Angeles, New York	chief of mission: Ambassador Gunnar LUND chancery: 902 30th Street NW, Washington, DC 20007 telephone: [1] (202) 467-2600 FAX: [1] (202) 467-2699 consulate(s) general: Los Angeles, New York
Economy - overview	Aided by peace and neutrality for the whole of the 20th century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a skilled labor force. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for about 90% of industrial output, of which the engineering sector accounts for 50% of output and exports. Agriculture accounts for only 1% of GDP and 2% of employment. Sweden is in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. This and robust finances have offered the center-right government considerable scope to implement its reform program aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. The govenment plans to sell $31 billion in state assets during the next three years to further stimulate growth and raise revenue to pay down the federal debt. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty.	Aided by peace and neutrality for the whole of the 20th century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a skilled labor force. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for about 90% of industrial output, of which the engineering sector accounts for 50% of output and exports. Agriculture accounts for only 1% of GDP and 2% of employment. The government's commitment to fiscal discipline resulted in a substantial budgetary surplus in 2001, which was cut by more than half in 2002 due to the global economic slowdown, declining revenue, and increased spending. The Swedish central bank (the Riksbank) focuses on price stability with its inflation target of 2%. Growth remained sluggish in 2003 but picked up during 2004-06. Presumably because of generous sick-leave benefits, Swedish workers report in sick more often than other Europeans. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty.
Exchange rates	Swedish kronor per US dollar - 6.7629 (2007), 7.3731 (2006), 7.4731 (2005), 7.3489 (2004), 8.0863 (2003)	Swedish kronor per US dollar - 7.3731 (2006), 7.4731 (2005), 7.3489 (2004), 8.0863 (2003), 9.7371 (2002)
GDP - composition by sector	agriculture: 1.4% industry: 29.2% services: 69.4% (2007 est.)	agriculture: 1.4% industry: 29% services: 69.6% (2006 est.)
GDP - real growth rate	3.4% (2007 est.)	4.5% (2006 est.)
Industrial production growth rate	4% (2007 est.)	4.3% (2006 est.)
Inflation rate (consumer prices)	2% (2007 est.)	1.4% (2006 est.)
International organization participation	ADB (nonregional members), AfDB, Arctic Council, Australia Group, BIS, CBSS, CE, CERN, EAPC, EBRD, EIB, ESA, EU, FAO, G- 9, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURCAT, NAM (guest), NC, NEA, NIB, NSG, OAS (observer), OECD, OPCW, OSCE, Paris Club, PCA, PFP, Schengen Convention, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMEE, UNMIL, UNMIS, UNMOGIP, UNOMIG, UNRWA, UNTSO, UPU, WCO, WEU (observer), WFTU, WHO, WIPO, WMO, WTO, ZC	AfDB, Arctic Council, AsDB, Australia Group, BIS, CBSS, CE, CERN, EAPC, EBRD, EIB, ESA, EU, FAO, G- 6, G- 9, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MONUC, NAM (guest), NC, NEA, NIB, NSG, OAS (observer), OECD, OPCW, OSCE, Paris Club, PCA, PFP, Schengen Convention, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMEE, UNMIL, UNMIS, UNMOGIP, UNOMIG, UNRWA, UNTSO, UPU, WCO, WEU (observer), WFTU, WHO, WIPO, WMO, WTO, ZC
Labor force	4.66 million (2007 est.)	4.586 million (2006 est.)
Legislative branch	unicameral Parliament or Riksdag (349 seats; members are elected by popular vote on a proportional representation basis to serve four-year terms) elections: last held on 17 September 2006 (next to be held in September 2010) election results: percent of vote by party - Social Democrats 37.2%, Moderates 27.8%, Center Party 8.3%, Liberal People's Party 8.0%, Christian Democrats 6.9%, Left Party 6.3%, Greens 5.4%; seats by party - Social Democrats 130, Moderates 97, Center Party 29, Liberal People's Party 28, Christian Democrats 24, Left Party 22, Greens 19	unicameral Parliament or Riksdag (349 seats; members are elected by popular vote on a proportional representation basis to serve four-year terms) elections: last held on 17 September 2006 (next to be held in September 2010) election results: percent of vote by party - Social Democrats 37.2%, Moderates 27.8%, Center Party 8.3%, People's Party 8.0%, Christian Democrats 6.9%, Left Party 6.3%, Greens 5.4%; seats by party - Social Democrats 130, Moderates 97, Center Party 29, People's Party 28, Christian Democrats 24, Left Party 22, Greens 19
Pipelines	gas 798 km (2007)	gas 798 km (2006)
Political parties and leaders	Center Party [Maud OLOFSSON]; Christian Democratic Party [Goran HAGGLUND]; Environment Party the Greens [no formal leader but party spokespersons are Maria WETTERSTRAND and Peter ERIKSSON]; Left Party or V (formerly Communist) [Lars OHLY]; Liberal People's Party [Jan BJORKLUND]; Moderate Party (conservative) [Fredrik REINFELDT]; Social Democratic Party [Mona SAHLIN]	Center Party [Maud OLOFSSON]; Christian Democratic Party [Goran HAGGLUND]; Environment Party the Greens [no formal leader but party spokespersons are Maria WETTERSTRAND and Peter ERIKSSON]; Left Party or V (formerly Communist) [Lars OHLY]; Moderate Party (conservative) [Fredrik REINFELDT]; People's Party [Lars LEIJONBORG]; Social Democratic Party [Mona SAHLIN]
Telephone system	general assessment: highly developed telecommunications infrastructure; ranked among leading countries for fixed-line, mobile-cellular, Internet and broadband penetration domestic: coaxial and multiconductor cables carry most of the voice traffic; parallel microwave radio relay systems carry some additional telephone channels international: country code - 46; submarine cables provide links to other Nordic countries and Europe; satellite earth stations - 1 Intelsat (Atlantic Ocean), 1 Eutelsat, and 1 Inmarsat (Atlantic and Indian Ocean regions); note - Sweden shares the Inmarsat earth station with the other Nordic countries (Denmark, Finland, Iceland, and Norway)	general assessment: excellent domestic and international facilities; automatic system domestic: coaxial and multiconductor cables carry most of the voice traffic; parallel microwave radio relay systems carry some additional telephone channels international: country code - 46; 5 submarine coaxial cables; satellite earth stations - 1 Intelsat (Atlantic Ocean), 1 Eutelsat, and 1 Inmarsat (Atlantic and Indian Ocean regions); note - Sweden shares the Inmarsat earth station with the other Nordic countries (Denmark, Finland, Iceland, and Norway)
Unemployment rate	4.5% (2007 est.)	5.6% (2006 est.)

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