Population: 9.6 million in 20131
GDP: $559 billion in 20132
GDP per capita: $60,430 nominal3 ($43,533 PPP4) in 2013
GDP growth rate: 1.5% in 20135
GDP by Industry 20126
Industry sector | Value added ($ billions) 2012 | Percent of total |
Other activities | 230 | 49.0% |
Manufacturing | 77 | 16.4% |
Wholesale, retail trade, restaurants and hotels | 61 | 13.0% |
Transport, storage and communication | 48 | 10.2% |
Construction | 24 | 5.2% |
Mining and utilities | 21 | 4.5% |
Agriculture, hunting, forestry, fishing | 8 | 1.7% |
Total value added | 469 | 100% |
Unemployment rate: 8.1% in 20137
Employment by Industry 20138
Employment sector | Employees (thousands) 2013 | Percent of total |
Human health and social work | 715 | 15.2% |
Wholesale trade, retail trade and repair of motor vehicles | 549 | 11.7% |
Manufacturing | 525 | 11.2% |
Education | 518 | 11.0% |
Professional, scientific and technical | 382 | 8.1% |
Construction | 317 | 6.7% |
Public administration and defence | 295 | 6.3% |
Transportation and storage | 246 | 5.2% |
Administrative and support service | 216 | 4.6% |
Information and communication | 197 | 4.2% |
Accommodation and food service | 154 | 3.3% |
Other service | 130 | 2.8% |
Arts, entertainment and recreation | 116 | 2.5% |
Finance and insurance | 97 | 2.1% |
Agriculture, forestry and fishing | 95 | 2.0% |
Real estate | 70 | 1.5% |
Not elsewhere classified | 26 | 0.6% |
Electricity, gas, steam and air conditioning | 25 | 0.5% |
Water supply, sewerage and waste management | 19 | 0.4% |
Mining and quarrying | 11 | 0.2% |
Extraterritorial organizations and bodies | 2 | 0.1% |
Activities of households as employers | 1 | 0.0% |
Total employment | 4,704 | 100% |
Top 3 Corporations by Revenue 2013* 9
Rank | Corporation | Revenue ($ billions) 2013 | Profit ($ billions) 2013 | Assets ($ billions) 12/31/13 | Industry |
1 | Volvo | 34 | 0.5 | 42 | Automobiles |
2 | L.M. Ericsson | 28 | 1.5 | 33 | Telecommunications |
3 | Vattenfall | 21 | -1.7 | 60 | Electricity |
* Corporate data calculated using the exchange rate 8.079 SEK = 1 USD
Household Wealth: $2.4 trillion (429% of GDP)in 201410
Household Wealth per Adult: $332,616 in 201410
Gini Coefficient: .230 in 200511
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
Money Supply (M1): $242 billion (43% of GDP) in Nov 2014* 17
Benchmark Interest Rate: 0% in Jan 201518
Total Reserves: $65.4 billion (12% of GDP) in 201319
Exchange Rate: 8.079 Swedish Kronas = 1 U.S. Dollar20
Inflation: 0.0% in 201321
* Money supply calculated using the exchange rate 8.079 SEK = 1 USD
Top 4 Financial Institutions by Assets 201322
Rank | Financial Institution | Assets ($ billions) Mar 2014* |
1 | Nordea Bank | 703 |
2 | Svandinaviska Enskilda Banken | 328 |
3 | Svenska Handelsbanken | 319 |
4 | Swedbank | 238 |
* Assets calculated using the exchange rate 8.079 SEK = 1 USD
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
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