🔵 Watch the video so you know what are TOP - 25 world richest country - SWEDEN ECONOMY 🔴 Position Number 24. == Subscrib...
🔵 Watch the video so you know what are TOP - 25 world richest country - SWEDEN ECONOMY 🔴 Position Number 24.
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Sweden is one of WORLD RICHEST COUNTRY, in this video we will describe the SWEDEN ECONOMY and its wealth.
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Position number 24. Sweden.
GDP: $ 528.93 billion. Equivalent to $ 58345.00 per inhabitant.
Job creation was particularly strong in 2017, which helped lower the unemployment rate to 6.2% in 2018.
The tertiary sector employs 80.4% of the active population and represents 65.2% of GDP, driven by telecommunications and computer equipment.
The industry sector contributes 22.1% of GDP and employs about 18% of the workforce.
Sweden's economy is a developed export-oriented economy aided by wood, hydroelectric power, and iron ore.
These constitute the resource base of an economy oriented to foreign trade.
Major industries include automotive vehicles, telecommunications, pharmaceuticals, industrial machines, precision equipment, chemicals, household items and appliances, forestry, iron, and steel.
Traditionally a modern agricultural economy that employed more than half of the domestic workforce, today Sweden further develops the engineering, mining, steel industries that are internationally competitive, as evidenced by companies such as Ericsson, ASEA / ABB, SKF, Alfa Laval, AGA, and Dyno Nobel.
Sweden is an open, competitive and highly liberalized market economy.
The vast majority of Swedish companies are privately owned and market-oriented, combined with a strong welfare state that involves transfer payments that involve up to three-fifths of GDP.
In 2014, the percentage of national wealth owned by the government was 24%.
Sweden has achieved a high standard of living under a mixed system of high-tech capitalism and broad welfare benefits.
Because Sweden is a neutral country that did not actively participate in World War II, it did not have to rebuild its economic base, the banking system and the country in general, as many other European countries did.
Telecommunications and the automotive and pharmaceutical industry are also of great importance.
Agriculture has only 2% of the workforce.
The new sectors of technology and biotechnology are of significant importance in the economy.
Main industries: Iron and steel; precision equipment (bearings, radiotelephone parts, armaments) and paper; processed foods; motor vehicles.
Exports: $ 169.7 billion (year 2017).
Goods exported from Sweden: machinery, motor vehicles, paper products, and wood, iron and steel products, chemicals, military armaments.
Imports: $ 154.8 billion (year 2017).
Goods imported into Sweden: machinery, oil and petroleum products, chemicals, motor vehicles, iron, and steel; Food, clothes.
In the following video of our ranking the country Thailand is located.
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In the following video, the 23th place in our ranking of the 25 richest countries in the world. Thailand.
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