Sweden Average Salaries & Expenditures

 
Contents
Average Salary per Sector   Consumption Expenditure   Workforce Composition   Vacation Time
Exchange Rates   Cost of Living   References
 
 

Average Salary in Sweden - Sector Comparison.

Sector  Net Monthly Income  constant 2005 US$ (1) Notes                                                                               Gross Monthly Average Income (2) Compulsory Deductions (3) Weekly Hours (4)
 
Mining-Quarrying average salary PPP $ 1,890 $ 2,474 Wage earners in the private sector, 2005. Excl. holidays, sick-leave and overtime payments. 27,893 kronas 34% 42.6
Gas-Electricity-Water average salary PPP $ 1,653 $ 2,164 Wage earners in the private sector, 2005. Excl. holidays, sick-leave and overtime payments. 23,673 kronas 32% 38.8
Construction average salary PPP $ 1,584 $ 2,073 Wage earners in the private sector, 2005. Excl. holidays, sick-leave and overtime payments. 22,684 kronas 32% 38.1
Manufacturing average salary PPP $ 1,491 $ 1,952 Wage earners in the private sector, 2005. Excl. holidays, sick-leave and overtime payments. 21,052 kronas 31% 37.4
Transport-Communication average salary PPP $ 1,431 $ 1,873 Wage earners in the private sector, 2005. Excl. holidays, sick-leave and overtime payments. 20,199 kronas 31% 37.5
All Sectors average salary PPP $ 1,383 $ 1,810 Wage earners in the private sector, 2005. Excl. holidays, sick-leave and overtime payments. 19,237 kronas 30% 35.6
Real Estate average salary PPP $ 1,317 $ 1,724 Wage earners in the private sector, 2005. Excl. holidays, sick-leave and overtime payments. 18,325 kronas 30% 36.3
Education average salary PPP $ 1,245 $ 1,630 Wage earners in the private sector, 2005. Excl. holidays, sick-leave and overtime payments. 17,326 kronas 30% 35.7
Hotels-Restaurants average salary PPP $ 999 $ 1,307 Wage earners in the private sector, 2005. Excl. holidays, sick-leave and overtime payments. 13,700 kronas 29% 30.4
 
  (1) The net average income in "constant 2005 US$" is computed using the Interbank nominal exchange rate [a] and the U.S. inflation rate [d]. The net average income in "constant 2005 US$" at PPP is computed using the IMF PPP exchange rate [d] and the U.S. inflation rate [d]. The latter reflects the purchasing power in the United States in 2005.
  (2) The gross monthly average income is based on data supplied by Statistiska Centralbyrån (Statistics Sweden) to the International Labour Organization [9]. The average income includes the salaries and wages of paid employees. Employees include both men and women unless otherwise noted.
  (3) The compulsory deductions reflect the 2004 income tax rates in Sweden. The deductions include local tax (dependent on the municipality), and national income tax. The deductions are representative of single-earner-married-without-child status.
  (4) The weekly hours are based on data supplied by Statistics Sweden to the International Labour Organization.
 
 
 
 

Consumption Expenditure

:
annual, per capita, incl. non-monetary expenditure
   Total   Health   Housing (1)  Food (2)  Apparel   Education   Transport     
2005
12,403
120,804
 
315
3,072
 
3,814
37,152
 
2,081
20,268
 
834
8,124
 
49
480
 
2,717
26,460
 
constant 2005 US$ at PPP
current kronas
(1)    Incl. actual rentals, fuel, power, maintenance, repairs, household goods and services, furnishings.
(2)    Incl. alcoholic beverages, dinner out.
Source: Sweden Household Budget Survey [23], 2003-2005 (2.1 persons per household).
 

Workforce Composition

:
percentage of total workforce
   Primary (1)  Manufacturing   Education   Financial   Paid Employees   Unemployed  
2005 2.2   15.3   11.1   1.9   88.4   6.3  
%
(1)    Agriculture, hunting, forestry, fishing, mining, and quarrying.
Source: International Labour Organization [9].
 

Workforce Size

 :  
4.3 million (2005).
Source:   International Labour Organization [9].
 

Population

 :  
9.02 million (2006).
Source:   CIA World Factbook [b].
 

Compulsory Deductions

 :  
31.0% for a single with no child, 23.7% for a single with two children, 31.0% for a one-earner married couple with no child, and 23.7% for a one-earner married couple with two children.
Source:   OECD Tax Database, combined deductions on a gross monthly salary income of 25,821 kronas, 2005 [k].
 

Vacation Time

 :  
5 weeks per year legally required minimum vacation time [e].
 

Inflation

 :  
108.5 (2001), 110.6 (2002), 113.2 (2003), 114.1 (2004), 115.7 (2005);
Source:   IMF inflation rates [d], Index: 1995=100.
 

PPP Exchange Rate

 :  
10.025 (2001), 10.013 (2002), 10.040 (2003), 9.889 (2004), 9.740 (2005);
Source:   IMF PPP exchange rates [d], kronas per U.S. dollar.
 

Nominal Exchange Rate

 :  
10.31 (2001), 9.682 (2002), 8.055 (2003), 7.332 (2004), 7.440 (2005);
Source:   Interbank nominal exchange rates [a], kronas per U.S. dollar.
 

Cost of Living

 :  
0.920 (2001), 0.982 (2002), 1.190 (2003), 1.305 (2004), 1.293 (2005);
Source:   Interbank nominal exchange rates [a] and IMF PPP exchange rates [d], US=1.000.
 

 

References

 
[9]   International Labour Organization. Compilation of average salary income worldwide. Classified by country, by employment category, and by gender.
[23]   Statistics Sweden.
[a]   Interbank nominal exchange rate, Oanda.com; historical currency converter for over 164 currencies and 3 metals.
[d]   World Economic Outlook Database, September 2006, International Monetary Fund.
[e]   Vacation - Wikipedia, from Wikipedia, the free encyclopedia.
[k]   OECD Tax Database. Annual database providing comparative information on personal and corporate income tax and consumption tax systems and rates in OECD countries since 2000. Information on social security contributions levied on employees and their employers is also reported.
 
Other links:
Sweden Economy Overview, CIA World Factbook.
Taxes on Income in Sweden, www.sweden.se, the Official Gateway to Sweden.
Sweden: Statistics, Organization for Economic Co-Operation and Development (OECD).
Social Security in Sweden, Social Security Programs Throughout the World, 2004-2005, compiled by the U.S. Social Security Administration.
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