buy cheap fifa coins » Economy of Sweden

Sweden is considered a developed nation. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developed nation, Sweden is able to provide its citizens with social services such as public education, health care and law enforcement. Citizens of developed countries enjoy a high standard of living and longer life expectancies than citizens of developing countries. Every year, Sweden exports about US$181.5 billion and imports about US$158 billion. 6.5% of the country's population is unemployed. The total number of unemployed in Sweden is 648,876. In Sweden, 14% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Sweden is low, indicating a stable economy. Investors should consider Sweden a safe place to invest and do other financial ventures. Government spending on education is 6.6% of GDP. The country's Gini index is 24.9. Sweden experiences a high level of equality. The income differences between citizens are only slightly significant. Sweden has a Human Development Index (HDI) of 0.898. Sweden has a very high HDI value. This suggests that almost all citizens are able to live a desirable life because of social and economic support; Citizens with a low standard of living receive help and support and have the opportunity to rise in society. The Global Peace Index (GPI) for Sweden is 1.36. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, Sweden is very safe in international comparison. The strength of the rights index for Sweden is 6. Overall, it is considered to be quite adequate – bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; Credit reports are usually sufficient and generally available.

Currency
The currency of Sweden is Swedish Krona. The plural form of the word Swedish krona is kronor. The symbol used for this currency is kr, abbreviated to SEK. The Swedish krona is divided into ore; there are 100 in a crown.

Credit rating
The depth of credit information index for Sweden is 5, which means that the information is usually sufficient and easily accessible, although occasionally some necessary details may be missing. According to the rating agency S&P, Sweden has a credit rating of AAA and the prospects for this rating are stable. According to the rating agency Fitch, Sweden has a credit rating of AAA and the prospects for this rating are stable. According to the rating agency Moody's, Sweden has a credit rating of Aaa and the prospects for this rating are stable.

Central bank
In Sweden, the institution that manages the government's currency, money supply and interest rates is called the Bank of Sweden. Locally, the Swedish central bank is called Sveriges Riksbank. The average interest rate on deposits offered by local banks in Sweden is 0.79%.

National debt
Sweden has a public debt equal to 38.6% of the country's gross domestic product (GDP) as estimated in 2012.

Tax information
Corporate tax in Sweden is 22%. Personal income tax ranges from 31% to 59.7% depending on your specific situation and income level. VAT in Sweden is 25%.