Finance of Sweden
The minimum monthly wage in Sweden is not regulated by the government. Sweden has a government debt of 38.6% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Sweden is 0.1%. 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, and it is abbreviated as SEK. The Swedish krona is divided into ore; there are 100 in one krona. Each year, consumers spend around $270,762 million. The ratio of consumer spending to GDP in Sweden is 0.05%, and the ratio of consumer spending to the world consumer market is 63%. The corporate tax in Sweden is set at 22%. Personal income tax ranges from 31% to 59.7%, depending on your specific situation and income level. VAT in Sweden is 25%.
Gross Domestic Product
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Sweden is $450,517 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Sweden was last recorded at $45,129,734. PPP in Sweden is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Sweden is 579,680 billion. Based on this statistic, Sweden is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Sweden. The Gross Domestic Product (GDP) per capita in Sweden was last recorded at $58,068,406. The average citizen in Sweden has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Sweden averaged 2.1% in 2014. According to this percentage, Sweden is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.