As
per International Monetary Fund (IMF) Sweden’s nominal gross domestic product
is expected to grow at a CAGR of 4.02% from it’s 2015 level of SEK 4181.10
billion and reach SEK 5510.50 billion by 2022.
Sweden
is a country located in Northern Europe bordering the Baltic Sea, Gulf of
Bothnia, Kattegat, and Skagerrak. Neighboring countries include Finland and
Norway. It boasts a strategic location along Danish Straits linking Baltic and
North Seas. The geography of Sweden is mostly flat with mountains in the west.
The government system is a constitutional monarchy; the chief of state is the
king, and the head of government is the prime minister.
Sweden
had estimated population of 9.995 million in the year 2016 and expected to
reach 10.715 million by 2022. Swedens 4.906million was employed in 2016 and the
unemployment rate was 6.95% of total labor force.
Swedens
real gross domestic product (GDP) was around SEK 4319.50 billions in 2016
whereas the nominal GDP was SEK 4378.58 billions. This resulted in GDP deflator
101.368. Per capita GDP was estimated at USD 51164.51 whereas purchasing power
parity (PPP) based per capita GDP was estimated to be at USD 49836.22.
The
output gap for Sweden in 2016 was 0.394% of the potential GDP which indicates
that Sweden economy was outperforming by managing actual output higher than its
maximum potential.
In
2016, Sweden governments revenue was SEK 2139.42 billions whereas the
expenditure was SEK 2148.44 billions. This resulted Sweden governments net
lending / borrowing negative at SEK 9.02 billion in 2016 indicating that enough
financial resources were not made available by the government to boost economic
growth.
The
current account balance for Sweden was estimated to be at USD 23.838 billions
for the year 2016 and is expected to decrease at a CAGR of 0.51% and reach USD
22.462 by 2022. This positive current account balance indicates the Sweden is
net lender to the whole world.
Scope of the Sweden PESTEL Analysis, SWOT Analysis and Risk
Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Sweden.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Sweden.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Sweden.
- These reports provide risk analysis for Sweden.
For
more information and to purchase Sweden
PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/sweden-pestel-analysis-market-research-report
For
more information and to purchase Sweden
SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/sweden-swot-analysis-market-research-report
For
more information and to purchase Sweden
Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/sweden-risk-analysis-market-research-report
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