The economy of Sweden is a developed, export driven economy. The top industries that drive Swedish economy include automobiles, chemicals, home goods & appliances, iron & steel, pharmaceuticals, precision equipment and telecommunications. Sweden is known to have some large multinational organizations that are at the forefront of innovation and technology such as Ericsson, Volvo, Scania, Electrolux, SKF, Sandvik, Atlas Copco & IKEA. Top paid professions in Sweden include law, banking & finance, education, aviation, management, healthcare & tourism. Sweden performs very well in chief indicators of standard of living such as environmental quality, education and skills, work-life balance, health status, jobs and earnings and personal safety.