Record years

The redevelopment of Norrmalm, downtown Stockholm, in 1963.

The redevelopment of Norrmalm and the Stockholm Metro.

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.

See also

• History of Sweden (1945–67)
• Million Programme
• Trente Glorieuses, a term used to describe this period in France
• Japanese post-war economic miracle, a term used to describe this period in Japan

References