Slowly running roebucks

AA1

LOW RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP
USD537,61bn (World ranking 22, World Bank 2020)
Population
10,35mn (World ranking 87, World Bank 2020)
Form of state Constitutional Monarchy
Head of government Magdalena Andersson (Prime Minister)
Next elections 2022, legislative
  • Highly skilled and educated labor force
  • High value-added manufacturing industries with one of the highest levels of R&D spending in the world
  • Very diversified export structure in terms of products
  • Sound public finances
  • Strong and effective institutions
  • Relatively low corporate tax rates compared to peers
  • High degree of openness to foreign investments
  • Excessive household debt
  • Steep rise in house prices
  • Weak governing coalition
  • Ageing population
  • High personal income tax compared to OECD
  • High unit labor costs; strongly regulated labor market

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
Norway 10.5%
1
18.2% Germany
Germany 10.4%
2
9.8% Netherlands
United States 8.1%
3
9.0% Norway
Denmark 7.5%
4
6.8% Denmark
Finland 7.0%
5
6.2% China

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Road vehicles 12.9%
1
10.5% Road vehicles
Medicinal and pharmaceutical products 7.8%
2
6.9% Petroleum, petroleum products and related materials
Other industrial machinery and parts 6.0%
3
6.5% Electrical machinery, apparatus and appliances, n.e.s.
Paper and paper manufactures 5.6%
4
6.0% Telecommunication and sound recording apparatus
Electrical machinery, apparatus and appliances, n.e.s. 4.7%
5
5.0% Other industrial machinery and parts
The payment behavior of domestic companies is good and domestic courts are fairly efficient in dealing with disputes in a timely manner, however collecting debt through pre-legal negotiation remains the most effective option.

  • Low

  • Medium

  • Sensitive

  • High

  • Payments

  • Court proceedings

  • Insolvency proceedings

  • Payments

  • Court proceedings

  • Insolvency proceedings

Recovering debt becomes very difficult when the debtor becomes insolvent, even though debt renegotiation schemes allow up to 75% writte-off of the debt, clawback mechanisms and Retention of Title privileges. The priority rules set forth in liquidation proceedings make it unlikely for unsecured creditors to receive any part of the proceeds.
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