Sweden: Difference between revisions
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A military power during the 17th century, '''Sweden''' has not participated in any war for almost two centuries. An armed neutrality was preserved in both World Wars. Sweden's long-successful economic formula of a capitalist system interlarded with substantial welfare elements was challenged in the 1990s by high unemployment and in 2000-02 and 2009 by the global economic downturns, but fiscal discipline over the past several years has allowed the country to weather economic vagaries. Sweden joined the EU in 1995, but the public rejected the introduction of the euro in a 2003 referendum.<ref name="CIA_SE" /> | A military power during the 17th century, '''Sweden''' has not participated in any war for almost two centuries. An armed neutrality was preserved in both World Wars. Sweden's long-successful economic formula of a capitalist system interlarded with substantial welfare elements was challenged in the 1990s by high unemployment and in 2000-02 and 2009 by the global economic downturns, but fiscal discipline over the past several years has allowed the country to weather economic vagaries. Sweden joined the EU in 1995, but the public rejected the introduction of the euro in a 2003 referendum.<ref name="CIA_SE" /> | ||
{{See also|Scandinavia}} | |||
==Economical characteristics== | ==Economical characteristics== | ||
Revision as of 12:45, 8 October 2010
A military power during the 17th century, Sweden has not participated in any war for almost two centuries. An armed neutrality was preserved in both World Wars. Sweden's long-successful economic formula of a capitalist system interlarded with substantial welfare elements was challenged in the 1990s by high unemployment and in 2000-02 and 2009 by the global economic downturns, but fiscal discipline over the past several years has allowed the country to weather economic vagaries. Sweden joined the EU in 1995, but the public rejected the introduction of the euro in a 2003 referendum.[1]
Economical characteristics
- Currency: Swedish krona (ISO code: SEK)
- Central bank discount rate: 2% (31 December 2008)[1]
- Commercial banks lending rate: NA% (31 December 2008)[1]
- Stock of money (M1): $185.4 billion (31 December 2008)[1]
- Quasi money (with M1 makes M2): $54.55 billion (31 December 2008)[1]
Statistics
| Statistic / Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| GDP (million USD)[2] | 257 065 | 245 573 | 225 206 | 248 612 | 311 038 | 357 191 | 366 008 | 393 157 | 453 316 | 478 961 |
| Govt. debt (% of GDP)[3] | 60.653 | 52.883 | 53.023 | 47.344 | ||||||
| Govt. revenue (% of GDP)[4] | 37.189 | |||||||||
| Govt. expenses (% of GDP)[5] | 36.663 | |||||||||
| Debt to revenue (years) |
References
Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.
- ↑ 1.0 1.1 1.2 1.3 1.4 Cite error: Invalid
<ref>tag; no text was provided for refs namedCIA_SE - ↑ World Bank. "Sweden: GDP", from World Bank Data. Referenced 2010-09-29.
- ↑ World Bank. "Sweden: government debt", from World Bank Data. Referenced 2010-09-29.
- ↑ World Bank. "Sweden: government revenue", from World Bank Data. Referenced 2010-09-29.
- ↑ World Bank. "Sweden: government expenses", from World Bank Data. Referenced 2010-09-29.
External links
- Sweden on Wikipedia
- Central bank of Sweden
- BBC country profile