n ownership
restrictions; and opening the welfare system to competition and private
alternatives, which the government will still finance. Growth is expected to
remain flat in 1992, but increase slightly in 1993, while inflation should
remain around 3% for the next few years. On the down side, unemployment may
climb to slightly over 4% in 1993, and the budget deficit will reach nearly
$9 billion in 1992.
GDP:
purchasing power equivalent - $147.6 billion, per capita $17,200; real
growth rate -1.1% (1991)
Inflation rate (consumer prices):
8.0% (1991)
Unemployment rate:
2.7% (1991)
Budget:
revenues $67.5 billion; expenditures $78.7 billion, including capital
expenditures of $NA (FY92 est.)
Exports:
$54.5 billion (f.o.b., 1991 est.)
commodities:
machinery, motor vehicles, paper products, pulp and wood, iron and steel
products, chemicals, petroleum and petroleum products
partners:
EC, (FRG, UK, Denmark), US, Norway
Imports:
$50.2 billion (c.i.f., 1991 est.)
commodities:
machinery, petroleum and petroleum products, chemicals, motor vehicles,
foodstuffs, iron and steel, clothing
partners:
EC 55.3%, US 8.4% (1990)
External debt:
$10.7 billion (November 1991)
Industrial production:
growth rate -5.3% (1991)
Electricity:
39,716,000 kW capacity; 142,000 million kWh produced, 16,700 kWh per capita
(1991)

:Sweden Economy

Industries:
iron and steel, precision equipment (bearings, radio and telephone parts,
armaments), wood pulp and paper products, processed foods, motor vehicles
Agriculture:
animal husbandry predominates, with milk and dairy products accounting for
37% of farm income; main crops - grains, sugar beets, potatoes; 100%
self-sufficient in grains and potatoes, 85% self-sufficient in sugar beets
Economic aid:
donor - ODA and OOF commitments (1970-89), $10.3 billion
Currency:
Swedish krona (plural - kronor); 1 Swedish krona (SKr) = 100 ore
Exchange rates:
Swedish kronor (SKr) per US$1 - 6.0259 (March 1992), 6.0475 (1991) 5.9188
(1990), 6.4469 (1989), 6.1272 (1988), 6.3404 (1987)
Fiscal year:
1 July - 30 June

:Sweden Communications

Railroads:
12,000 km total; Swedish State Railways (SJ) - 10,819 km 1.435-meter
standard gauge, 6,955 km electrified and 1,152 km double track; 182 km
0.891-meter gauge; 117 km rail ferry service; privately owned ra