Sweden Introduction - 2002
SOURCE: 2002 CIA WORLD FACTBOOK
A military power during the 17th century, Sweden has not participated in any war in 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, rising maintenance costs, and a declining position in world markets. Indecision over the country's role in the political and economic integration of Europe delayed Sweden's entry into the EU until 1995, and waived the introduction of the euro in 1999.
NOTE: The information regarding Sweden on this page is re-published from the 2002 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Sweden Introduction 2002 information contained here. All suggestions for corrections of any errors about Sweden Introduction 2002 should be addressed to the CIA.