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Essay / Research Paper Abstract
This 6 page paper examines the performance of the economy in Sweden, areas of development and improvement and growth patterns as well as considering the constraints on growth, including the high tax burden and difficulties in creating private sector jobs. The bibliography cites 5 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEsweden1.rtf
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Unformatted sample text from the term paper:
the income supply was returning to the economy and money was circulating. However, the welfare levels are not as high as perceived and the Swedish economy has suffered due to
the problems caused by high taxes, such as difficult conditions for new businesses to start up. In 1970 the country had the forth highest level of gross domestic production (GDP)
per capita out of the Organisation for Economic Co-Operation and Development (OECD), today it is 14th (Heath, 2004). This is a large drop, but one that has been alleviated.
In 2003 the total GDP was equal to $238.3 billion and grew at a rate of 1.7% on 2002. This GDP equates to a per capita figure of $26,800 (CIA,
2004). However, there is also inflation at 1.9% so this will need to increase if any real growth is to be seen. The majority, 69%, of the GDP is produced
in the service sector with only 29% coming from industry and 2% from agriculture (CIA, 2004). The low industry figure reflect the high taxes and the difficulties associated with setting
up manufacturing business in the country over the last few decades. The low agriculture figure is also reflective of the land resources (Heath, 2004, CIA, 2004). If we look at
the levels of the labour force employment we can also see that there is a disproportionate level in the services industry, where 74% of the working population are employed with
only 24% in industry and 2% in agriculture. This indicates an increased efficiency in the industrial sector over the service sector. The country has a tradition of exporting more
than is imported leading to a trade surplus. The exports in 2003 accounted for $102.8 billion measured free on board. The main products were machinery making up 35% of all
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