Economy of Sweden

1. Private services sector.

• In Sweden, a fully liberalized postal services, telecommunications, domestic air freight, rail transport and electricity market. The reduction of state intervention in the credit market has led to the rapid development of financial services in the late '80s. In connection with the crisis of the real estate market began 90 lending institutions have suffered significant losses. This has caused far-reaching reforms of credit and financial system.

2. The sector of public services.

• Much of the public services provided by municipalities and local councils in Sweden. Municipalities are responsible for organizing the work of schools, childcare facilities and facilities for senior citizens. Local councils are responsible for organizing the health system and local public transport. The crisis of the early 90s and the subsequent ordering of the public finances have narrowed the scope of public services of local authorities.

3. Forestry and forest industry.

• Forestry is important for the Swedish economy since the mid-XIX century. Over the years, the industry gained primarily export-oriented. The share of Sweden accounted for 10% of global exports of wood. Swedish forestry is considered one of the most modern and environmentally oriented. In Sweden, only 3% of productive forests owned by the state. The most important group of forest owners are private individuals. In southern areas they own 80% of the forests. Forest enterprises are concentrated in central and parts of northern Sweden.

4. Mining and Metallurgical industries.

• For centuries, Sweden remained the largest earner and exporter of iron ore and sulfur. Currently, Swedish steel company specializes in producing high-quality steel - stainless, bearing, tool and others. But there is a traditional production and strip, plate and sheet steel. Sweden's leading steelmakers in the introduction of new technologies.