Sweden is more of an industrialized economy more than agriculture. About 1% of the people working there are working agriculture and about 28% in the industry. Sweden exports steel and machinery. Sweden lacks fossil fuels so they have to be imported from different countries. For about 90% of its energy needs, Sweden use nuclear and hydroelectric power for most of its industry needs. Being a member in the European Union (EU) gives Sweden opportunities for trade and economic growth in the country and more than have of Sweden's exports go to other European countries. In 2008 Sweden was hit by the global financial crisis and then later recovered in 2010. Salaries and the cost of living is high in Sweden and the income tax funds its welfare system and in 2003 voters rejected the adoption of adapting the Euro, they use the Swedish Krona (SEK)