The economy of Sweden is a highly developed export-oriented economy, aided by timber, hydropower, and iron ore. These constitute the resource base of an economy oriented toward foreign trade. The main industries … See more

In the 19th century Sweden evolved from a largely agricultural economy into the beginnings of an industrialized, urbanized country. Poverty remained widespread, prompting a large … See more

In contrast with most other European countries, Sweden maintained an unemployment rate around 2% or 3% of the work force … See more

The traditionally low wage differential has increased in recent years as a result of increased flexibility as the role of wage setting at the … See more

Current economic development reflects a quite remarkable improvement of the Swedish economy since the crisis in 1991–93, so that … See more

Around seventy percent of the Swedish labour force is unionised. For most unions there is a counterpart employer's organization for … See more

The Swedish government has announced that it will privatise a number of wholly and partly state owned companies. "The income from these sales will be used to pay off the government debt and reduce the burden of debt for future generations. The Government's … See more