Published November 18, 2021 at 07.04
Economics. As much as 20 percent of Sweden's wealth belongs to the state. Only China has larger assets relative to GDP, according to a report by the McKinsey Global Institute (MGI).
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According to the report, the price of total assets in Sweden has increased by 50 percent over the past 20 years in addition to the price increase that has taken place as a result of inflation.
As many as 77 percent of Sweden's assets are locked in properties, where prices have tripled during the period.
But at the same time as the value of assets has increased, the return on capital has decreased.
– We see, for example, that at best only a quarter of assets and half of the debts for investments, and three quarters of our assets are locked in real estate, says Jan Mischke, co-author and partner at McKinsey, in a press release.
The report also shows that Sweden, compared to the global average, has a disproportionate share of assets locked in the public sector. As much as 20 percent of Sweden's wealth belongs to the state.
On the top list of how large the state's assets are in relation to GDP, Sweden is ranked second – after China.
The report is based on data from ten countries: Australia, Canada, China, France, Germany, Japan, Mexico, Sweden, the United Kingdom and the United States, which together account for 60 percent of all global revenues. The analysis looks at how the value of assets has changed during the period 2000 to 2020.