Passage: Sweden is the sixteenth-richest country in the world in terms of GDP (gross domestic product) per capita and a high standard of living is experienced by its citizens. Sweden is an export-oriented mixed economy. Timber, hydropower and iron ore constitute the resource base of an economy with a heavy emphasis on foreign trade. Sweden's engineering sector accounts for 50% of output and exports, while telecommunications, the automotive industry and the pharmaceutical industries are also of great importance. Sweden is the ninth-largest arms exporter in the world. Agriculture accounts for 2% of GDP and employment. The country ranks among the highest for telephone and Internet access penetration.Trade unions, employers' associations and collective agreements cover a large share of the employees in Sweden. The high coverage of collective agreements is achieved despite the absence of state mechanisms extending collective agreements to whole industries or sectors. Both the prominent role of collective bargaining and the way in which the high rate of coverage is achieved reflect the dominance of self-regulation (regulation by the labour market parties themselves) over state regulation in Swedish industrial relations. When the Swedish Ghent system was changed in 2007, resulting in considerably raised fees to unemployment funds, a substantial decline in union density and density of unemployment funds occurred.

Question: What resources can be found in Sweden?
Timber, hydropower and iron ore