BEST BANKS 2014: EUROPE

BEST BANKS 2014: EUROPE

The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.

 
 
Source
Central bank

Sveriges Riksbank

International Reserves

US$ 65.568 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 580 billion (2014 estimate)

GDP (Purchasing Power Parity)

414 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
2.3% 4.2% 3.2% 4.3% 3.3% -0.6% -5.0% 6.6%
2011 2012 2013 2014*        
2.9% 0.9% 1.5% 2.8%        

*Estimate

GDP per capita - current prices

US$ 59,727 (2014 estimate)

GDP per capita - PPP

$42,624 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.72% 0.65% 0.55% 0.48% 0.46%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 2% 
  • industry: 31.3% 
  • services: 66.8% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

3.4% (2011)

 

Inflation
2011 2012 2013 2014*
3.0% 0.9% 0.0% 0.4%

*Estimate

Unemployment rate
2011 2012 2013 2014*
7.8% 8.0% 8.0% 8.0%

*Estimate

Household saving rates

11.9% (Net saving; 2014 forecast)

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
39.4% 38.6% 38.3% 41.4% 41.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
0.0% 0.0% -0.7% -1.0% -1.3%

*Estimate

Government bond ratings

Standard & Poor's: AAA

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$581.2 billion US$470.1 billion US$560.5 billion

*2010 Estimate   **2012 Estimate

Largest companies in Sweden

Nordea Bank, Ericsson, SEB, Svenska Handelsbanken, Swedbank, Teliasonera, Volvo Group, Investor, H&M, Atlas Copco, SCA, Sandvik, Skanska, Assa Abloy, ICA Gruppen, Industrivarden, Kinnevik, Autoliv, SKF Group, Electrolux Group, Tele2, Alfa Laval, Hexagon, Lundbergs, Securitas, NCC Group

 
 
Source
Current account balance

US$ 35.389 billion (2014 estimate)

Current account balance by percentage of GDP

6.099% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

45.8% (2013)

Shares in world total merchandising export

0.94% (2012)

Shares in world total commercial services export

1.61% (2012)

Total exports

US$181.5 billion (2013 estimate) 

Export commodities

machinery 35%, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals

Total imports

US$158 billion (2013 estimate) 

 
 
Source
Import commodities

machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs, clothing

Exports - major partners

Norway 10.4%, Germany 10.3%, UK 8.1%, Finland 6.8%, Denmark 6.7%, Netherlands 5.5%, US 5.5%, Belgium 5%, France 4.8% (2012)

Imports - major partners

Germany 17.4%, Denmark 8.5%, Norway 8.4%, UK 6.5%, Netherlands 6.4%, Russia 5.6%, Finland 5.1%, China 4.9%, France 4.2% (2012)

FDI inflows
2011 2012 2013
US$12,924 million US$16,334 million US$8,150 million
FDI outflows
2011 2012 2013  
US$29,861 million US$28,951 million US$33,281 million  
Value of cross-border M&A; by country of purchaser
2010 2011 2012 2013
US$918 million US$-2,381 million US$151 million US$-4,994 million
Cross-border M&A; deals worth over $3 billion completed in 20102 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

ICA-handlarnas Forbund AB, Koninklijke Ahold NV, Netherlands, 3.1

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 14 out of 189 countries (2013)

Subcategories:

Starting a business: 61 out of 189 countries

Enforcing Contracts: 25 out of 189 countries

Registering Property: 38 out of 189 countries

Getting credit: 42 out of 189 countries

Protecting investors: 34 out of 189 countries

Trading across border: 6 out of 189 countries

Paying Taxes: 41 out of 189 countries

Dealing with Construction Permits: 24 out of 189 countries

Getting Electricity: 9 out of 189 countries

Resolving Insolvency: 20 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

10

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 20  Score: 73.1 (Mostly Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+1

Total area

450,295 sq km

Capital

Stockholm 

Currency

Swedish kronor (SEK)

Government type

constitutional monarchy 

Languages

Swedish, small Sami- and Finnish-speaking minorities

Religions

Lutheran 87%, other (includes Roman Catholic, Orthodox, Baptist, Muslim, Jewish, and Buddhist) 13%

Total population
1990 2000 2010 2014* 2019**
8.591 million 8.883 million 9.416 million 9.714 million 10.066 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
72.5% 83% 84% 86%
Population median age

41.2 years (2014 estimate)

Population growth rate

0.79% (2014 est.)

Life expectancy

81.89 years (2014 estimate)

Adult literacy

99% (2003 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

167.29% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

94.78% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Stockholm: 38th (2014)

Source
CO2 emissions(Metric tons of CO2 per capita)

5.6 (2010)

World's Best Developed & Emerging Markets Banks

World’s Best Treasury & Cash Management Providers

World's Best Internet Banks

World’s Best Investment Banks

World's Best Subcustodian Banks

World's Safest

World's Best Banks By Region

World’s Best Foreign Exchange Providers

World's Best Banks

2011

Best of…

World’s Best Trade Finance Banks

World's Biggest Banks

Additional Awards