With a population of 5,700,000, distributed over an area of 448,000 square kilometers, (170,977 square miles,) as compared with 9,415,000 square kilometers (3,025,600 square miles) in the United States, Sweden, in comparison with European countries in general, is very sparsely inhabited. The possibilities for growth and development, however, are great owing to natural resources, which are both rich and varied. Of Sweden's area, 40,000 square kilometers (15,266 square miles) is cultivated land. The value of the annual production of grain is estimated at about 340,000,000 kroner, (about $91,900,000,) offset by an import of grain which exceeds the export by about 70,000,000 kroner, (about $18,900,000.) From this it appears that agriculture as yet retains its place as the principal industry of the country. With the bigger half of the country's area timber and the rivers well adapted to logging, Sweden quite naturally has become one of the foremost countries in the world in the export of lumber, wood pulp, and manufactured wood. Another natural product of Sweden, and one of the utmost importance, is iron ore, of which there was exported in 1913 to the value of about 69,000,000 kroner, (about $18,500,000,) chiefly from the large mineral fields in the northernmost part of the country. Besides this production of raw material, Sweden has important manufacturing industries which thrive as a result of the abundant supply of water power, an extensive network of railroads, and a shipping industry which is in a state of flourishing development. The total output of our Swedish industries (mining not included) in 1912 was appraised at a net (manufacturing) value of 1,778,000,000 kroner, (about $481,600,000.) Of this total, 476,000,000 kroner (about $128,600,000) represents foodstuffs and luxuries, 353,000,000 kroner (about $95,400,000) wood products, &c.; 222,000,000 kroner ($60,000,000) textile products, and so on. A few figures will illustrate Sweden's exchange of products with foreign countries. In 1912 the foreign trade of Sweden reached a total of 1,554,000,000 kroner, (about $420,000,000.) The imports aggregated 794,000,000 kroner (about $214,600,000) and the exports 760,000,000 kroner, (about $205,400,000,) thus showing a relatively advantageous trade balance. Of the imported values, 28 per cent. was foodstuffs and luxuries, 45 per cent. raw materials, and 26 per cent. articles manufactured either wholly or in part. Of the exports, 14 per cent. was foodstuffs and luxuries, 23 per cent. raw materials, and not less than 63 per cent. articles of manufacture, finished completely or in part. The principal industrial products represented among these exports are enumerated here: