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ECON FACTBOOK

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Economy of Sweden

Population: 9.6 million in 20131

GDP: $559 billion in 20132

GDP per capita: $60,430 nominal3 ($43,533 PPP4) in 2013

GDP growth rate: 1.5% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities23049.0%
Manufacturing7716.4%
Wholesale, retail trade, restaurants and hotels6113.0%
Transport, storage and communication4810.2%
Construction245.2%
Mining and utilities214.5%
Agriculture, hunting, forestry, fishing81.7%
Total value added469100%

Employment

Unemployment rate: 8.1% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Human health and social work71515.2%
Wholesale trade, retail trade and repair of motor vehicles54911.7%
Manufacturing52511.2%
Education51811.0%
Professional, scientific and technical3828.1%
Construction3176.7%
Public administration and defence2956.3%
Transportation and storage2465.2%
Administrative and support service2164.6%
Information and communication1974.2%
Accommodation and food service1543.3%
Other service1302.8%
Arts, entertainment and recreation1162.5%
Finance and insurance972.1%
Agriculture, forestry and fishing952.0%
Real estate701.5%
Not elsewhere classified260.6%
Electricity, gas, steam and air conditioning250.5%
Water supply, sewerage and waste management190.4%
Mining and quarrying110.2%
Extraterritorial organizations and bodies20.1%
Activities of households as employers10.0%
Total employment4,704100%

Corporations

Top 3 Corporations by Revenue 2013* 9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
1Volvo340.542Automobiles
2L.M. Ericsson281.533Telecommunications
3Vattenfall21-1.760Electricity

* Corporate data calculated using the exchange rate 8.079 SEK = 1 USD

Households

Household Wealth: $2.4 trillion (429% of GDP)in 201410

Household Wealth per Adult: $332,616 in 201410

Gini Coefficient: .230 in 200511

Government

Central Government

Central Government Revenue: $284 billion (51% of GDP) in 201312

Central Government Expenditure: $295 billion (53% of GDP) in 201312

Central Government Budget Balance: -$11 billion (-2% of GDP) in 201312

Central Government Public Debt: $173 billion (31% of GDP) in Dec 2014* 13

Central Government 10 Year Bond Interest Rate: 0.79% on Jan 14, 201514

* Public debt calculated using the exchange rate 8.079 SEK = 1 USD

Government Funds

N/A

Tax Structure

Personal Income Tax Rates and Thresholds in 2013* 15

Corporate Tax Rate: 22% in 201416

* Thresholds calculated using the exchange rate 8.079 SEK = 1 USD

Monetary Policy

Money Supply (M1): $242 billion (43% of GDP) in Nov 2014* 17

Benchmark Interest Rate: 0% in Jan 201518

Total Reserves: $65.4 billion (12% of GDP) in 201319

Exchange Rate: 8.079 Swedish Kronas = 1 U.S. Dollar20

Inflation: 0.0% in 201321

* Money supply calculated using the exchange rate 8.079 SEK = 1 USD

Financial Institutions

Top 4 Financial Institutions by Assets 201322

RankFinancial InstitutionAssets ($ billions) Mar 2014*
1Nordea Bank703
2Svandinaviska Enskilda Banken328
3Svenska Handelsbanken319
4Swedbank238

* Assets calculated using the exchange rate 8.079 SEK = 1 USD

International Accounts

Exports: $182 billion (32% of GDP) in 201323

Imports: $158 billion (28% of GDP) in 201323

Trade Balance: +$24 billion (+4% of GDP) in 201323

Foreign Direct Investment Inflow: $8.2 billion (1% of GDP) in 201324

Foreign Direct Investment Outflow: $33 billion (6% of GDP) in 201324

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $5.8 billion (1% of GDP) in 201425

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook(Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Swedish Naitonal Debt Office (Public debt) Go back
14. Source: Bloomberg (Government bond yield) Go back
15. Source: OECD Stat Extracts, Public Sector, Tax Database (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Statistics Sweden (Money supply) Go back
18. Source: Sveriges Riksbank (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: OECD FDI in Figures (FDI data) Go back
25. Source: OECD Aid Statisitcs (Aid outflow) Go back