ECONOMIC INFORMATION

 

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Population: 9.0m

Population growth: 0.36%

Population density (people per sq. km): 22

UN Human Development Index ranking: 2/177

Gross national income (current US$): $258.3bn (2003)

Gross national income per capita: $28,840

PPP Gross national income: $238.4bn

PPP Gross national income per capita: $26,620

GDP growth: 1.2% (2003)

GDP breakdown Agriculture: 1.8%, Industry: 28.2%, Services: 69.99%

Inflation (12-month average): 2.31 (2003)

Gross capital formation as % of GDP: 17.24%

Final consumption expenditure as % of GDP (growth): 76.7% (1.7%)

Exports of goods & services as % of GDP: 43.3%

Top 3 export markets: Germany, US, UK

Local industries: Iron & steel, precision equipment (bearings, radio and telephone parts, armaments), wood pulp & paper products, processed foods, motor vehicles

WEF Growth Competitiveness ranking *: 3/104

WEF Business Competitiveness ranking **: 4/103

WEF Quality of the Business Environment ranking: 6/103

Transparency International Corruption Perceptions ranking: 6/145

Languages : Swedish (official)

 

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FDI INFORMATION

 

Region: Scandinavia

No. of projects (Jan-Sep 2004): 199

Market-share of projects in the region: 32.0%

Value of projects relative to GDP : 6.6%

Top 3 destination sectors: Food & drink, IT & software, financial services

Top 3 business functions: Retail, sales marketing & support, manufacturing

Top 3 source countries: US, Germany, Norway

Top 3 investors: Lidl, Stora Enso, AstraZeneca

 

 

IPA

 

Name: Invest in Sweden Agency

Web address: www.isa.se

* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently

** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth

*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations