Record years

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The redevelopment of Norrmalm, downtown Stockholm, in 1963.

The record years (Swedish: Rekordåren) describes the economy of Sweden during the international post–World War II economic expansion, until the 1973 oil crisis,[1] and largely coinciding with the mandates of prime ministers Tage Erlander and earliest years of Olof Palme. The original use was a satirical left-wing description of the years 1968-70.

Sweden had maintained neutrality during both world wars, and entered the post-war boom with industrial and demographic advantages. Sweden also received aid from the Marshall Plan. Between 1947 and 1974, the Swedish economy grew at an average rate of 12.5% annually. The urban population living in towns of over 15,000 people, grew from 38% of the total population in 1931 to 74% by 1973. Sustained by an export boom of automobiles, heavy machinery, electronics, ship-building, and heavy weapons, the per capita income increased by as much as twenty times. Sweden had successfully moved into the high-income group of countries by 1955-56.

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References[edit]

  1. ^ Rydén, Daniel (8 September 2013). "Krisen som skakade världens bästa land". Sydsvenskan (in Swedish). Retrieved 5 May 2016.