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2004 OECD Economic Surveys: Sweden 2004

image of OECD Economic Surveys: Sweden 2004

This 2004 edition of OECD's periodic review of Sweden's economy includes special features on living standards and the welfare state; competition and economic performance, harnessing resources more effectively, public finances, and sustainable development.

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Product Market Competition and Economic Performance

As shown in Chapter 1, Sweden has seen strong GDP growth in the past decade, labour productivity has increased at rates well above the OECD average, and employment has improved markedly after the earlier labour shake-out. Developments in the telecommunication equipment sector have been especially impressive, whereas other sectors have lagged behind somewhat. To some extent, this slower rate of expansion in certain sectors is probably linked to insufficient pressure to compete and a resulting lack of dynamism...

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