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A military power during the 17th century, Sweden has not participated in any war for almost two centuries. An armed neutrality was preserved in both World Wars. Sweden's long-successful economic formula of a capitalist system interlarded with substantial welfare elements was challenged in the 1990s by high unemployment and in 2000-02 and 2009 by the global economic downturns, but fiscal discipline over the past several years has allowed the country to weather economic vagaries. Sweden joined the EU in 1995, but the public rejected the introduction of the euro in a 2003 referendum.
party to: Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Persistent Organic Pollutants, Air Pollution-Sulfur 85, Air Pollution-Sulfur 94, Air Pollution-Volatile Organic Compounds, Antarctic-Environmental Protocol, Antarctic-Marine Living Resources, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling
signed, but not ratified:
none of the selected agreements
indigenous population: Swedes with Finnish and Sami minorities; foreign-born or first-generation immigrants: Finns, Yugoslavs, Danes, Norwegians, Greeks, Turks
chief of state: King CARL XVI GUSTAF (since 19 September 1973); Heir Apparent Princess VICTORIA Ingrid Alice Desiree, daughter of the monarch (born 14 July 1977)
head of government:
Prime Minister Fredrik REINFELDT (since 5 October 2006)
elections:
the monarchy is hereditary; following legislative elections, the leader of the majority party or the leader of the majority coalition usually the prime minister
unicameral Parliament or Riksdag (349 seats; members are elected by popular vote on a proportional representation basis to serve four-year terms)
elections:
last held on 17 September 2006 (next to be held in September 2010)
election results:
percent of vote by party - Social Democrats 35%, Moderates 26.2%, Center Party 7.9%, Liberal People's Party 7.5%, Christian Democrats 6.6%, Left Party 5.8%, Greens 5.2%; seats by party - Social Democrats 130, Moderates 97, Center Party 29, Liberal People's Party 28, Christian Democrats 24, Left Party 22, Greens 19
Center Party [Maud OLOFSSON]; Christian Democratic Party [Goran HAGGLUND]; Environment Party the Greens [no formal leader but party spokespersons are Maria WETTERSTRAND and Peter ERIKSSON]; Left Party or V (formerly Communist) [Lars OHLY]; Liberal People's Party [Jan BJORKLUND]; Moderate Party (liberal-conservative) [Fredrik REINFELDT]; Social Democratic Party [Mona SAHLIN]
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); the colors reflect those of the Swedish coat of arms - three gold crowns on a blue field
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. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty. 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 little more than 1% of GDP and of employment. Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. This and robust finances offered the center-right government considerable scope to implement its reform program aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. Despite strong finances and underlying fundamentals, the Swedish economy slid into recession in the third quarter of 2008 and growth continued downward in the first half of 2009 as deteriorating global conditions reduced export demand and consumption.
general assessment: highly developed telecommunications infrastructure; ranked among leading countries for fixed-line, mobile-cellular, Internet and broadband penetration
domestic:
coaxial and multiconductor cables carry most of the voice traffic; parallel microwave radio relay systems carry some additional telephone channels
international:
country code - 46; submarine cables provide links to other Nordic countries and Europe; satellite earth stations - 1 Intelsat (Atlantic Ocean), 1 Eutelsat, and 1 Inmarsat (Atlantic and Indian Ocean regions); note - Sweden shares the Inmarsat earth station with the other Nordic countries (Denmark, Finland, Iceland, and Norway)
by type:
bulk carrier 6, cargo 23, carrier 1, chemical tanker 45, passenger 4, passenger/cargo 36, petroleum tanker 15, roll on/roll off 37, specialized tanker 3, vehicle carrier 25
foreign-owned:
41 (Denmark 4, Estonia 2, Finland 12, Germany 5, Italy 9, Norway 7, UK 2)
registered in other countries:
207 (Antigua and Barbuda 1, Bahamas 4, Barbados 7, Bermuda 20, Cook Islands 8, Cyprus 2, Denmark 6, Finland 2, France 9, Germany 1, Gibraltar 13, Isle of Man 1, Italy 1, Liberia 10, Malaysia 3, Malta 2, Marshall Islands 1, Netherlands 28, Netherlands Antilles 1, Norway 34, Panama 6, Portugal 3, Saint Vincent and the Grenadines 2, Singapore 20, UK 17, US 5) (2008)
18-47 years of age for male compulsory or voluntary military service; conscript service obligation: 7.5 months (Army), 7-15 months (Navy), 8-12 months (Air Force); after completing initial service, soldiers have a reserve commitment until age 47; women are eligible for voluntary military service (2009)
The online Factbook is updated bi-weekly. ISSN 1553-8133
For additional information on government leaders in selected foreign countries, go to World Leaders.