ational organization participation:
AfDB, Arctic Council, AsDB, Australia Group, BIS, CBSS, CE, CERN,
EAPC, EBRD, EIB, ESA, EU, FAO, G- 6, G- 9, G-10, IADB, IAEA, IBRD,
ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF,
IMO, Interpol, IOC, IOM, IPU, ISO, ITU, ITUC, MIGA, MONUC, NAM
(guest), NC, NEA, NIB, NSG, OAS (observer), OECD, OPCW, OSCE, Paris
Club, PCA, PFP, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMEE, UNMIL,
UNMIS, UNMOGIP, UNOMIG, UNRWA, UNTSO, UPU, WCO, WEU (observer),
WFTU, WHO, WIPO, WMO, WTO, ZC

Diplomatic representation in the US:
chief of mission: Ambassador Gunnar LUND
chancery: 902 30th Street NW, Washington, DC 20007
telephone: [1] (202) 467-2600
FAX: [1] (202) 467-2699
consulate(s) general: Los Angeles, New York

Diplomatic representation from the US:
chief of mission: Ambassador Michael M. WOOD
embassy: Dag Hammarskjolds Vag 31, SE-11589 Stockholm
mailing address: American Embassy Stockholm, US Department of State,
5750 Stockholm Place, Washington, DC 20521-5750 (pouch)
telephone: [46] (08) 783 53 00
FAX: [46] (08) 661 19 64

Flag description:
blue with a golden yellow cross extending to the edges of the flag;
the vertical part of the cross is shifted to the hoist side in the
style of the Dannebrog (Danish flag)

Economy Sweden

Economy - overview:
Aided by peace and neutrality for the whole of the 20th century,
Sweden has achieved an enviable standard of living under a mixed
system of high-tech capitalism and extensive welfare benefits. It
has a modern distribution system, excellent internal and external
communications, and a skilled labor force. Timber, hydropower, and
iron ore constitute the resource base of an economy heavily oriented
toward foreign trade. Privately owned firms account for about 90% of
industrial output, of which the engineering sector accounts for 50%
of output and exports. Agriculture accounts for only 1% of GDP and
2% of employment. The government's commitment to fiscal discipline
resulted in a substantial budgetary surplus in 2001, which was cut
by more than half in 2002, due to the global economic slowdown,
declining revenue, and increased spending. The Swedish central bank
(the Riksbank) focuses on price stability with its inflation target
of 2%. Growth remained sluggish in 2003, but picked up during
2004-06. Presumably because of generous sick-leave benefits, Swedish
work