Typical worker
November 11th, 2009 by admin
The typical worker receives 40% of his income after the tax wedge. The slowly declining overall taxation, 51.1% of GDP in 2007, is still nearly double of that in the United States or Ireland. The share of employment financed via tax income amounts to a third of Swedish workforce, a substantially higher proportion than in most other countries. Overall, GDP growth has been fast since reforms in the early 1990s, especially in manufacturing. The World Economic Forum 2008 competitiveness index ranks Sweden 4th most competitive, behind Denmark. The Index of Economic Freedom 2008 ranks Sweden the 27th most free out of 162 countries, or 14th out of 41 European countries, Sweden ranked 9th in the IMD Competitiveness Yearbook 2008, scoring high in private sector efficiency.