SWEDISH ECONOMY

The economy of Sweden is a developed export-oriented economy aided by timber, hydropower, and iron ore. An economy oriented toward foreign trade.

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Sweden is an export-oriented mixed economy. Timber, hydropower and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Telecommunications, the automotive industry and the pharmaceutical industries are also of great importance. Agriculture accounts for 1.7% of GDP and employment. The country ranks among the highest in telephone and internet access penetration. Income is relatively flatly and equally distributed: Sweden has a very low Gini coefficient.

The 20 largest companies registered in Sweden are Volvo, Ericsson, H&M, Vattenfall, Skanska, Sony Ericsson Mobile Communications AB, Electrolux, Telia Company, Atlascopco, SCA, Icagruppen, Sandvik, IKEA, Nordea, Preem, Securitas, Nordstjernan and SKF.