Go Sweden! Thanks for that job done!
What's the difference inSweden
and Switzerland. Switzerland has an economy more like The United States. They complain over there that the Franc is overvalued and they are not paid enough to live. Sweden has progressive taxation and income distribution and has a more stabler economy because of it. Stockholm is the Capital of Sweden since 1523 A.D. It shares the Scandinavian Peninsula with Norway. Coming up is the Difference between Norway and Normandy.
Here's a map of Sweden and Norway:
Location of Sweden Map from Encyclopedia Britannica Online.
Encyclopedia Britannica States," The country has a 1,000-year-long continuous history as a sovereign
state, but its territorial expanse changed often until 1809. Today it is a constitutional monarchy
with a well-established parliamentary democracy
that dates from 1917. Swedish society is ethnically and religiously very homogeneous
, although recent immigration has created some social diversity
. Historically, Sweden rose from backwardness and poverty into a highly developed postindustrial society
and advanced welfare state
with a standard of living
and life expectancy
that rank among the highest in the world. "
Here are the Facts of Sweden according to Merriam-Webster
: Official Name:
Konungariket Sverige (Kingdom of Sweden) Form Of Government:
constitutional monarchy with one legislative house (Riksdag, or Parliament ) Head Of State:
King: Carl XVI Gustaf Head Of Government:
Prime Minister: Stefan Löfven Capital: Stockholm Official Language:
Swedish Official Religion:
none Monetary Unit:
Swedish krona (SEK) Currency Exchange Rate:
1 USD equals 9.879 Swedish krona Population:
(2019 est.) 10,284,000 Population Rank:
(2018) 89 Population Projection 2030:
Total Area (Sq Mi)**172,750
Total Area (Sq Km)**447,420 Density: Persons Per Sq Mi
(2018) 64.7 Density: Persons Per Sq Km
(2018) 25 Urban-Rural Population:
Urban: (2018) 87.4%
Rural: (2018) 12.6% Life Expectancy At Birth:
Male: (2017) 80.7 years
Female: (2017) 84.1 years Literacy: Percentage Of Population Age 15 And Over:
Female: (2008) 100% GNI (U.S.$ ’000,000)
(2017) 529,460 GNI Per Capita (U.S.$)
Here's what The CIA World FactBook has to say about Sweden
: (Here are some highlights):
Sweden’s small, open, and competitive economy has been thriving and Sweden has achieved an enviable standard of living with its combination of free-market capitalism and extensive welfare benefits. Sweden remains outside the euro zone largely out of concern that joining the European Economic and Monetary Union would diminish the country’s sovereignty over its welfare system.
Timber, hydropower, and iron ore constitute the resource base of a manufacturing economy that relies heavily on foreign trade. Exports, including engines and other machines, motor vehicles, and telecommunications equipment, account for more than 44% of GDP. Sweden enjoys a current account surplus of about 5% of GDP, which is one of the highest margins in Europe.
GDP grew an estimated 3.3% in 2016 and 2017 driven largely by investment in the construction sector. Swedish economists expect economic growth to ease slightly in the coming years as this investment subsides. Global economic growth boosted exports of Swedish manufactures further, helping drive domestic economic growth in 2017. The Central Bank is keeping an eye on deflationary pressures and bank observers expect it to maintain an expansionary monetary policy in 2018. Swedish prices and wages have grown only slightly over the past few years, helping to support the country’s competitiveness.
In the short and medium term, Sweden’s economic challenges include providing affordable housing and successfully integrating migrants into the labor market. Agriculture - products
This entry is an ordered listing of major crops and products starting with the most important.
barley, wheat, sugar beets; meat, milk Industries
This entry provides a rank ordering of industries starting with the largest by value of annual output.
iron and steel, precision equipment (bearings, radio and telephone parts, armaments), wood pulp and paper products, processed foods, motor vehicles Unemployment rate:This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted.
6.7% (2017 est.)7% (2016 est.)country comparison to the world: 101 Population below poverty line:National estimates of the percentage of the population falling below the poverty line are based on surveys of sub-groups, with the results weighted by the number of people in each group. Definitions of poverty vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations.
15% (2014 est.) Household income or consumption by percentage share:Data on household income or consumption come from household surveys, the results adjusted for household size. Nations use different standards and procedures in collecting and adjusting the data. Surveys based on income will normally show a more unequal distribution than surveys based on consumption. The quality of surveys is improving with time, yet caution is still necessary in making inter-country comparisons. lowest 10%:
24% (2012) Budget:This entry includes revenues, expenditures, and capital expenditures. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. revenues:
271.2 billion (2017 est.)expenditures:
264.4 billion (2017 est.) Taxes and other revenues:This entry records total taxes and other revenues received by the national government during the time period indicated, expressed as a percent of GDP. Taxes include personal and corporate income taxes, value added taxes, excise taxes, and tariffs. Other revenues include social contributions - such as payments for social security and hospital insurance - grants, and net revenues from public enterprises. Normalizing the data, by dividing total revenues by GDP, enables easy comparisons acr . . . more
50.6% (of GDP) (2017 est.)
Now for Switzerland
Map of Switzerland
It's rights next to France and Austria and is the size of Half of Scotland according to Encyclopedia Britannica online; This map is from their page.
According to Merriam-Webster: Dialing code:
8.57 million (2019) Currency:
Swit·zer·land | \ ˈswit-sər-lənd \variants: or French Suisse
\ ˈswʸēs \ or German Schweiz
\ ˈshvīts \ or Italian Svizzera
\ ˈzvēt-tsā-rä \ or Latin Helvetia
\ hel-ˈvē-sh(ē-)ə \
Definition of Switzerland landlocked
country (a federal republic) in western Europe in the Alps; capital Bern area
15,937 square miles (41,277 square kilometers), population
see also SWISS entry 1 sense 1
Britannica states: " For many outsiders, Switzerland also evokes a prosperous if rather staid and unexciting society, an image that is now dated. Switzerland remains wealthy and orderly, but its mountain-walled valleys are far more likely to echo the music of a local rock band than a yodel
or an alphorn
. Most Swiss
live in towns and cities, not in the idyllic
rural landscapes that captivated
the world through Johanna Spyri
(1880–81), the country’s best-known literary work. Switzerland’s cities have emerged as international centres of industry and commerce connected to the larger world, a very different tenor from Switzerland’s isolated, more inward-looking past. As a consequence of its remarkably long-lived stability and carefully guarded neutrality, Switzerland—Geneva
, in particular—has been selected as headquarters for a wide array of governmental and nongovernmental organizations, including many associated with the United Nations
(UN)—an organization the Swiss resisted joining until the early 21st century. "
According to CIA"S World Factbook. Switzerland
's Economy is as such:
Switzerland, a country that espouses neutrality, is a prosperous and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies.
The Swiss have brought their economic practices largely into conformity with the EU's to gain access to the Union’s Single Market and enhance the country’s international competitiveness. Some trade protectionism remains, however, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.
The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with economic instability in Russia and other Eastern European economies drove up demand for the Swiss franc by investors seeking a safehaven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. The independent SNB has upheld its zero interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell below 2% per year from 2011 through 2017.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss Government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards. GDP (purchasing power parity)
$523.1 billion (2017 est.)
$514.5 billion (2016 est.)
$506.5 billion (2015 est.) note:
data are in 2017 dollars GDP (official exchange rate)
$679 billion (2017 est.) GDP - per capita (PPP):
$62,100 (2017 est.)
$61,800 (2016 est.)
$61,500 (2015 est.) note:
data are in 2017 dollars Gross national saving: 33.8% of GDP (2017 est.) 32.3% of GDP (2016 est.) 33.9% of GDP (2015 est.) GDP - composition, by end use:
53.7% (2017 est.) government consumption:
12% (2017 est.) investment in fixed capital:
24.5% (2017 est.) investment in inventories:
-1.4% (2017 est.) exports of goods and services:
65.1% (2017 est.) imports of goods and services:
-54% (2017 est.) GDP - composition, by sector of origin: agriculture:
0.7% (2017 est.) industry:
25.6% (2017 est.) services:
73.7% (2017 est.) Agriculture - products:
grains, fruits, vegetables; meat, eggs, dairy products Industries: m
achinery, chemicals, watches, textiles, precision instruments, tourism, banking, insurance, pharmaceuticals Industrial production growth rate:
3.4% (2017 est.) country comparison to the world:92 Labor force
**:**5.159 million (2017 est.) country comparison to the world:81 Labor force - by occupation: agriculture:
76.9% (2015) Unemployment rate:
3.2% (2017 est.)
3.3% (2016 est.) country comparison to the world: 40 Population below poverty line:
6.6% (2014 est.) Household income or consumption by percentage share: lowest 10%:
7.5% highest 10%:
19% (2007) Budget: revenues:
242.1 billion (2017 est.) expenditures:
234.4 billion (2017 est.) note:
includes federal, cantonal, and municipal budgets Taxes and other revenues:
35.7% (of GDP) (2017 est.) country comparison to the world: 60 Budget surplus (+) or deficit (-):
1.1% (of GDP) (2017 est.) country comparison to the world: 33 Public debt:
41.8% of GDP (2017 est.)
41.8% of GDP (2016 est.) note:
general government gross debt; gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future; includes debt liabilities in the form of Special Drawing Rights (SDRs), currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable; all liabilities in the GFSM (Government Financial Systems Manual) 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options country comparison to the world: 119 Fiscal year: Inflation rate (consumer prices):
0.5% (2017 est.)
-0.4% (2016 est.) country comparison to the world: 30 Current account balance:
$66.55 billion (2017 est.)$63.16 billion (2016 est.) country comparison to the world: 7 Exports:
$313.5 billion (2017 est.)
$318.1 billion (2016 est.) note:
trade data exclude trade with Switzerland country comparison to the world: 17 Exports - partners:
Hong Kong 5.4%
(2017) Exports - commodities:
machinery, chemicals, metals, watches, agricultural products Imports:
$264.5 billion (2017 est.)
$266.3 billion (2016 est.) country comparison to the world: 18 Imports - commodities:
machinery, chemicals, vehicles, metals; agricultural products, textiles Imports - partners:
Germany 20.9%, US 7.9%
Italy 7.6%, UK 7.3%
(2017) Reserves of foreign exchange and gold:
$811.2 billion (31 December 2017 est.)
$679.3 billion (31 December 2016 est.) country comparison to the world: 3 Debt - external:.
$1.664 trillion (31 March 2016 est.)
$1.663 trillion (31 March 2015 est.) country comparison to the world: 12 Exchange rates:
Swiss francs (CHF) per US dollar -0.9875 (2017 est.)
0.9852 (2016 est.)0.9852 (2015 est.)
0.9627 (2014 est.)
0.9152 (2013 est.) And their Military is such as CIA states: Military expenditures
**:This entry gives spending on defense programs for the most recent year available as a percent of gross domestic product (GDP); the GDP is calculated on an exchange rate basis, i.e., not in terms of purchasing power parity (PPP). For countries with no military forces, this figure can include expenditures on public security and police.
0.68% of GDP (2018)0.68% of GDP (2017)0.68% of GDP (2016)0.66% of GDP (2015)0.66% of GDP (2014)country comparison to the world: 138 Military and security forces
**:This entry lists the military and security forces subordinate to defense ministries or the equivalent (typically ground, naval, air, and marine forces), as well as those belonging to interior ministries or the equivalent (typically gendarmeries, bordecoast guards, paramilitary police, and other internal security forces).
Swiss Armed Forces: Land Forces, Swiss Air Force (Schweizer Luftwaffe) (2019) Military service age and obligation
**:This entry gives the required ages for voluntary or conscript military service and the length of service obligation.
18-30 years of age generally for male compulsory military service; 18 years of age for voluntary male and female military service; every Swiss male has to serve at least 245 days in the armed forces; conscripts receive 18 weeks of mandatory training, followed by six 19-day intermittent recalls for training during the next 10 years (2019) Refugees and internally displaced persons: refugees (country of origin):
5,744 (Sri Lanka) (2018) stateless persons:
49 (2018) Illicit drugs
a major international financial center vulnerable to the layering and integration stages of money laundering; despite significant legislation and reporting requirements, secrecy rules persist and nonresidents are permitted to conduct business through offshore entities and various intermediaries; transit country for and consumer of South American cocaine, Southwest Asian heroin, and Western European synthetics; domestic cannabis cultivation and limited ecstasy production.
Here's an article about an International Dispute with the European Union (EU): https://www.express.co.uk/news/world/1283471/eu-news-switzerland-rejected-membership-bloc-twice-spt
When looking to solve problems with countries, look at their economy and study it.
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