Country Fast Facts: Sweden

A military power during the 17th century, Sweden has not participated in any war in 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 by the global economic downturn, but fiscal discipline over the past several years has allowed the country to weather economic vagaries.

Sweden joined the European Union in 1995, after the collapse of the Soviet Union. During the Cold War, Europe's non-aligned Western countries, except Ireland, had considered membership unwise, as the EU predecessor, the European Community, had been strongly associated with NATO countries.

Following the end of the Cold War, however, Sweden, Austria and Finland joined, though in Sweden's case without adopting the Euro.

Sweden remains non-aligned militarily, although it participates in some joint military exercises with NATO and some other countries, in addition to extensive cooperation with other European countries in the area of defence technology and defence industry.

Source: CIA World Fact Book

Population:
9,031,088 (July 2007 est.)

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Age structure:
0-14 years: 16.4% (male 759,488/female 717,812)
15-64 years: 65.7% (male 3,007,899/female 2,926,220)
65 years and over: 17.9% (male 707,687/female 911,982) (2007 est.)

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Median age:
total: 41.1 years
male: 40 years
female: 42.2 years (2007 est.)

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Population growth rate:
0.159% (2007 est.)

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Birth rate:
10.2 births/1,000 population (2007 est.)

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Death rate:
10.27 deaths/1,000 population (2007 est.)

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Net migration rate:
1.66 migrant(s)/1,000 population (2007 est.)

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Sex ratio:
at birth: 1.06 male(s)/female
under 15 years: 1.058 male(s)/female
15-64 years: 1.028 male(s)/female
65 years and over: 0.776 male(s)/female
total population: 0.982 male(s)/female (2007 est.)

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Infant mortality rate:
total: 2.76 deaths/1,000 live births
male: 2.92 deaths/1,000 live births
female: 2.59 deaths/1,000 live births (2007 est.)

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Life expectancy at birth:
total population: 80.63 years
male: 78.39 years
female: 83 years (2007 est.)

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Total fertility rate:
1.66 children born/woman (2007 est.)

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HIV/AIDS - adult prevalence rate:
0.1% (2001 est.)

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HIV/AIDS - people living with HIV/AIDS:
3,600 (2001 est.)

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HIV/AIDS - deaths:
less than 100 (2003 est.)

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Nationality:
noun: Swede(s)
adjective: Swedish

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Ethnic groups:
indigenous population: Swedes with Finnish and Sami minorities; foreign-born or first-generation immigrants: Finns, Yugoslavs, Danes, Norwegians, Greeks, Turks

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Religions:
Lutheran 87%, other (includes Roman Catholic, Orthodox, Baptist, Muslim, Jewish, and Buddhist) 13%

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Languages:
Swedish, small Sami- and Finnish-speaking minorities

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Literacy:
definition: age 15 and over can read and write
total population: 99%
male: 99%
female: 99% (2003 est.)

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.

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GDP (purchasing power parity):
$290.6 billion (2006 est.)

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GDP (official exchange rate):
$373.2 billion (2006 est.)

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GDP - real growth rate:
4.7% (2006 est.)

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GDP - per capita (PPP):
$32,200 (2006 est.)

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GDP - composition by sector:
agriculture: 1.1%
industry: 28.1%
services: 70.9% (2006 est.)

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Labor force:
4.59 million (2006 est.)

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Labor force - by occupation:
agriculture: 2%
industry: 24%
services: 74% (2000 est.)

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Unemployment rate:
5.6% (2006 est.)

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Population below poverty line:
NA%

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Household income or consumption by percentage share:
lowest 10%: 3.7%
highest 10%: 20.1% (1992)

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Distribution of family income - Gini index:
25 (2000)

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Inflation rate (consumer prices):
1.4% (2006 est.)

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Investment (gross fixed):
17.6% of GDP (2006 est.)

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Budget:
revenues: $222 billion
expenditures: $210.5 billion; including capital expenditures of $NA (2006 est.)

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Public debt:
46.4% of GDP (2006 est.)

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Agriculture - products:
barley, wheat, sugar beets; meat, milk

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Industries:
iron and steel, precision equipment (bearings, radio and telephone parts, armaments), wood pulp and paper products, processed foods, motor vehicles

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Industrial production growth rate:
4.3% (2006 est.)

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Electricity - production:
150.5 billion kWh (2004)

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Electricity - consumption:
137.8 billion kWh (2004)

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Electricity - exports:
17.8 billion kWh (2004)

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Electricity - imports:
15.6 billion kWh (2004)

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Oil - production:
3,208 bbl/day (2004 est.)

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Oil - consumption:
362,400 bbl/day (2004 est.)

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Oil - exports:
231,100 bbl/day (2004)

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Oil - imports:
580,600 bbl/day (2004)

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Oil - proved reserves:
0 bbl

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Natural gas - production:
0 cu m (2004 est.)

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Natural gas - consumption:
979 million cu m (2004 est.)

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Natural gas - exports:
0 cu m (2004 est.)

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Natural gas - imports:
979 million cu m (2004 est.)

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Current account balance:
$28.61 billion (2006 est.)

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Exports:
$173.9 billion f.o.b. (2006 est.)

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Exports - commodities:
machinery 35%, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals

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Exports - partners:
Germany 9.7%, US 9.2%, Norway 9.1%, UK 7.1%, Denmark 6.8%, Finland 5.9%, France 4.9%, Netherlands 4.7%, Belgium 4.5% (2006)

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Imports:
$151.8 billion f.o.b. (2006 est.)

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Imports - commodities:
machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs, clothing

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Imports - partners:
Germany 17.2%, Denmark 9%, Norway 8.1%, UK 5.9%, Netherlands 5.7%, Finland 5.6%, France 4.5%, Belgium 4% (2006)
Reserves of foreign exchange and gold:
$22.26 billion (August 2006 est.)

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Debt - external:
$598.2 billion (30 June 2006)

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Economic aid - donor:
ODA, $1.7 billion (1997)
Currency (code):
Swedish krona (SEK)

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Exchange rates:
Swedish kronor per US dollar - 7.3731 (2006), 7.4731 (2005), 7.3489 (2004), 8.0863 (2003), 9.7371 (2002)

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Fiscal year:
calendar year