Sweden, a land of knowledge-intensive and export-oriented manufacturing sector, and large organizations
Sweden is an exciting country with a market of + 10 million
consumers capable to consume services anywhere and anytime.
Sweden is
billed as the seventh-richest country in the world in terms of GDP (gross domestic
product) per capita and a high standard of living is experienced by its
citizens.
Sweden is an
export-oriented mixed economy. Timber, hydropower and iron
ore constitute the resource base of an economy with a heavy emphasis on foreign
trade.
Sweden's
engineering sector is at the core of stakes of
output and exports, while telecommunications, the automotive industry and the
pharmaceutical industries are also of great importance.
Sweden is
the ninth-largest arms exporter in the world. The
country ranks among the highest for telephone and Internet access penetration.
In terms of
structure, the Swedish economy is characterized by a large, knowledge-intensive and
export-oriented manufacturing sector.
Large organizations,
both in manufacturing and services, dominate the Swedish economy.
The largest
trade flows are with Germany, the United States,
Norway, the United Kingdom, Denmark and Finland.
Sweden's
energy market is largely privatised. The Nordic
energy market is one of the first liberalized energy markets in Europe and it
is traded in NASDAQ OMX Commodities Europe and Nord Pool Spot.
Sweden was a
net importer of electricity by a margin of 6 TWh. Biomass
is mainly used to produce heat for district heating and central heating and
industry processes.
The
Stockholm metro is the only subway system in Sweden and serves
the city of Stockholm via 100 stations.
The largest
airports include Stockholm–Arlanda Airport (16.1 million passengers in 2009)
40 km (25 mi) north of Stockholm, Göteborg Landvetter Airport (4.3 million passengers in
2008), and Stockholm–Skavsta Airport (2.0 million passengers).
Sweden hosts the two largest port companies in Scandinavia, Port of Göteborg AB
(Gothenburg) and the transnational company Copenhagen Malmö Port AB.
The most
used airport for a large part of Southern Sweden is Kastrup
or Copenhagen Airport which is located only 12 minutes by train from the closest
Swedish railway station, Hyllie. Copenhagen Airport also is the largest international
airport in Scandinavia and Finland.
Sweden has
one of the most highly developed welfare states in the world.
The
traditional engineering industry is still a major source of
Swedish inventions, but pharmaceuticals, electronics and other high-tech
industries are gaining ground.
Swedish
inventors held 47,112 patents in the United States in 2014,
according to the United States Patent and Trademark Office. As a nation, only
ten other countries hold more patents than Sweden.
Combined, the public and the private sector in Sweden allocate over 3.5% of GDP to
research & development (R&D) per year, making Sweden's investment in
R&D as a percentage of GDP the second-highest in the world.
Sweden tops other European countries in the number of published scientific works per
capita.
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