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Sweden
See photo of Sweden. Copyright owned by photographer at http://www.flickr.com/photos/nilla/369186191/. See photo of Sweden. Copyright owned by photographer at http://www.flickr.com/photos/nilla/369186191/. See photo of Sweden. Copyright owned by photographer at http://www.flickr.com/photos/nilla/369186191/.

The Economy of Sweden

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.

The Swedish central bank (the Riksbank) focuses on price stability with its inflation target of 2%. In September 2003, Swedish voters turned down entry into the Euro system concerned about the impact on the economy and sovereignty.

The currency of Sweden is the Swedish Krona.

Flag of Sweden
Map of Sweden from maps.com
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