Question: What resources does Sweden produce?

Sweden’s natural resources include copper, gold, hydropower, iron ore, lead, silver, timber, uranium, and zinc.

What is Sweden known for producing?

Main Swedish exports include machinery and transport equipment, chemical and rubber products, food, clothing, textiles and furniture, and wood products. Exports and investments are rapidly increasing, and the Swedish export market is expected to grow by 8% each year through 2013.

What are the two main resources of Sweden?

The main economic resources in Sweden are part of the natural resources namely hydro-power, timber, and iron ore.

Is Sweden rich in natural resources?

The GDP of the country in 2011 was $386.6 billion. Sweden’s natural resources include gold, silver, iron ore, copper, lead, zinc, tungsten, uranium, arsenic, and feldspar. … The major mineral-rich mining regions in Sweden are the Norrbotten and Skellefte districts.

What are Sweden main exports?

Top 10

  • Machinery including computers: US$24.5 billion (15.7% of total exports)
  • Vehicles : $21.3 billion (13.7%)
  • Electrical machinery, equipment: $15.4 billion (9.9%)
  • Pharmaceuticals: $11.6 billion (7.5%)
  • Paper, paper items: $8.4 billion (5.4%)
  • Mineral fuels including oil: $7.6 billion (4.9%)
THIS IS FUN:  Is camping allowed in Denmark?

What are Sweden’s top natural resources?

Sweden’s natural resources include copper, gold, hydropower, iron ore, lead, silver, timber, uranium, and zinc.

Why is Sweden so wealthy?

How did Sweden get so rich? Sweden only started to really accumulate wealth as it started to industrialise sometime in the mid-19th century. … Through luck and well-placed geography, Sweden had the kind of natural resources (iron ore and wood) needed when countries like Britain and Germany industrialised.

What natural resources does Sweden export?

The economy of Sweden is a highly developed export-oriented economy, aided by timber, hydropower, and iron ore. These constitute the resource base of an economy oriented toward foreign trade.

What economy does Sweden have?

Sweden has a mixed economic system in which there is a variety of private freedom, combined with centralized economic planning and government regulation. Sweden is a member of the European Union (EU).

What is Sweden famous for?

10 Cool Swedish Facts: What Is Sweden Known For?

  • Sweden’s mastery of pop music. …
  • Sweden’s gorgeous green spaces. …
  • Swedish art in the Stockholm metro stations. …
  • Swedish design. …
  • Swedish coffee and food culture. …
  • Sweden’s ICEHOTEL. …
  • The hip district of Södermalm. …
  • Swedish royalty.

How strong is Sweden’s economy?

Sweden’s economy has been relatively stable over the last few decades and has, on the whole, grown steadily since 1970. Today inflation is low and the banking system relatively healthy.

Why is living in Sweden awesome?

With a comparatively high quality of life, strong infrastructure, and the best system of healthcare and education, a large number of people continue moving to Sweden. … The Swedish people can be proud of their country as Sweden has been voted the Best Country in the World by newest edition of the Good Country Index.

THIS IS FUN:  Why does Sweden use renewable energy?

Is Sweden good for farming?

The southern tip of Sweden is the most agriculturally productive. Sweden has quite short growing seasons in most parts of the country that limits the species and productivity of agriculture, but the south has the longest growing season, in some parts of the south in excess of 240 days.

What is Sweden’s main import?

Sweden imports mainly machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs and clothing. Its principal import partners are European Union countries (Germany, Denmark, Netherlands, Finland), Norway and China.

What are the top 3 imports of Sweden?

The most recent imports of Sweden are led by Cars ($8.75B), Crude Petroleum ($6.93B), Refined Petroleum ($6.32B), Vehicle Parts ($5.77B), and Broadcasting Equipment ($4.87B). The most common import partners for Sweden are Germany ($27.2B), Netherlands ($13.1B), Denmark ($10.3B), Norway ($10.1B), and China ($8.4B).

What is Sweden’s biggest import?

Sweden’s Top 5 Commodity Imports

  • Crude Petroleum – $8.7 billion.
  • Refined Petroleum – $6.9 billion.
  • Coated Flat-Rolled Iron – $877.5 million.
  • Petroleum Gas – $844.7 million.
  • Other Iron Products – $789.0 million.