Record years

The record years (Swedish: rekordåren) is a period in the economy of Sweden, dating from the international post–World War II economic expansion to the 1973 oil crisis,[1] and largely coinciding with the mandates of prime ministers Tage Erlander and earliest years of Olof Palme.

The concept was originally 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.

Between 1947 and 1974, the Swedish economy grew at an average rate of 12.5% annually[citation needed].

Sweden had successfully moved into the high-income group of countries by 1955–56.