The Sweden Economy

What natural resources does this nation have?
Sweden's main natural resource is iron ore.

What sectors of the economy are the biggest employers?
Services (67%), industry (31%) and agriculture (2%) are the main sectors of the economy that are the biggest employers.

How are economic decisions made? Who makes them?
Mostly businesses, but the government has some influences on things such as public transport, energy and telecommunication.

What the most important industry is in this nation? Is it more labour-intensive or capital intensive?
Services (such as education and health care) is Sweden's most important industry. It is more of a labour intensive industry.

Does this nation use advanced technology in its economy?
Sweden does use advanced technology. One example is automated car manufacturing.

What is one of the major economic problems faced by this nation?
Sweden suffered a severe crisis in the 90's thanks to high and increasing infation. This caused a high unemployment rate (more than 8% in the early 90's). In 1996, the government set out a goal of reducing unemployment down to 4% by the year 2000. This goal was reached that year in Autumn. However, in August 2006, the unemployment rate raised up to 5%.

In what ways is this nation's economy similar to and/or different to Australia's economy?
Australia also has a mixed Economy, which is the same as Sweden's economy. Australia's main industry is also services, but Australia also has another industry, which is mining. Australia is rich in natural resources. Australia is a major exporter of agricultural products such as grains and wool, and minerals, including various metals, coal, and natural gas.