International Security Bulletin

Sweden

Kingdom of Sweden

Capital: Stockholm

History

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.

Geography

Metric Units

Total Area 450,295 sq km
Land Boundaries 2,233 km
Border Countries Finland 614 km, Norway 1,619 km
Coastline 3,218 km
Terrain mostly flat or gently rolling lowlands; mountains in west
Minimum Elevation m
Maximum Elevation 2,111 m
Climate temperate in south with cold, cloudy winters and cool, partly cloudy summers; subarctic in north
Natural Resources iron ore, copper, lead, zinc, gold, silver, tungsten, uranium, arsenic, feldspar, timber, hydropower
Arable Land 5.8%
Permanent Crops 0.02%

Economy

Gross Domestic Product $395.8 billion
GDP (per capita) $41,700
GDP Growth 1.2%
Unemployment Rate 7.5%
Population in Poverty No data%
GINI Index 23

Budget & Debt

Expenditures $289.3 billion
Revenue $287.9 billion
Current Account Balance $37.56 billion
External Debt $1.02 trillion

Trade

Exports $177.6 billion
Export Items machinery 35%, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals
Export Partners Germany 10.4%, Norway 9.3%, UK 7.4%, Denmark 6.5%, Finland 6.4%, US 5.5%, Netherlands 5.2%, France 4.8%, Belgium 4.7% (2011)
Imports $166.4 billion
Import Items machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel
Import Partners Germany 18.1%, Denmark 8%, Norway 7.7%, Netherlands 5.9%, UK 5.8%, Russia 5.6%, Finland 5.3%, China 4.6%, France 4.5% (2011)

People

Population 9,119,423
Population Growth 0.18%
Ethnic Groups indigenous population: Swedes with Finnish and Sami minorities; foreign-born or first-generation immigrants: Finns, Yugoslavs, Danes, Norwegians, Greeks, Turks
Religion Lutheran 87%, other (includes Roman Catholic, Orthodox, Baptist, Muslim, Jewish, and Buddhist) 13%
Life Expectancy 81.28 years
Infant Mortality 0.98 deaths/1,000 live births
Maternal Mortality 0.6 deaths/100,000 live births

Energy

Electricity Production 147.8 billion kWh
Electricity Consumption 127.1 billion kWh
From Fossil Fuels 12.5%
From Nuclear 25%
From Hydroelectric 46.9%
From Renewable Sources 15.2%