Thursday, June 24, 2010

Sweden, Stockholm Cost of Living April 2010

Country Full Name: Kingdom of Sweden.

Location: Sweden is in Northern Europe, bordering the Baltic Sea, Gulf of Bothnia, Kattegat, and Skagerrak, between Finland and Norway.

Country Climate: Temperate in south with cold, cloudy winters and cool, partly cloudy summers; subarctic in north.

Country Terrain: Mostly flat or gently rolling lowlands; mountains in west.

Major Languages: Swedish.

Major Religions: Christianity.

Country Population: 9.2 million (2008 est.) 9.2 million (2009 est.).

Country Economy: The economy of Sweden is an export-oriented mixed economy featuring a modern distribution system, excellent internal and external communications, and a skilled labour force. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Sweden's engineering sector accounts for 50% of output and exports. Telecommunications, the automotive industry and the pharmaceutical industries are also of great importance.

Currency: Swedish Krona (SEK).

Country Inflation: 3.3% (2008 est.) 2.2% (2009 est.).

City: Stockholm is the capital and the largest city of Sweden.

City Economy: The vast majority of Stockholmians work in the service industry, which accounts for roughly 85% of jobs in Stockholm. Stockholm is Sweden's financial centre.
Cost of Living: Stockholm has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Stockholm is currently ranked 85 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Sweden, Stockholm