The record years, rekordåren, describes the economy of Sweden

Economy of Sweden

The economy of Sweden is a developed diverse economy, aided by timber, hydropower and iron ore. These constitute the resource base of an economy oriented toward foreign trade...

 during the global post–World War II economic expansion, until the 1973 oil crisis

1973 oil crisis

The 1973 oil crisis started in October 1973, when the members of Organization of Arab Petroleum Exporting Countries or the OAPEC proclaimed an oil embargo. This was "in response to the U.S. decision to re-supply the Israeli military" during the Yom Kippur war. It lasted until March 1974. With the...

, largely coinciding with the mandate of Prime Minister Tage Erlander

Tage Erlander

was a Swedish politician. He was the leader of the Swedish Social Democratic Party and Prime Minister of Sweden from 1946 to 1969...

. 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

Marshall Plan

The Marshall Plan was the large-scale American program to aid Europe where the United States gave monetary support to help rebuild European economies after the end of World War II in order to combat the spread of Soviet communism. The plan was in operation for four years beginning in April 1948...

.