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Transcript of Sweden
rejected adoption of the euro in 2003
continue to use the Swedish krona
1 SEK = 0.17 CAD
1 SEK = 0.11 EUR
Political System: parliamentary democracy, constitutional monarchy
Legatum Prosperity Index
Entrepreneurship and Opportunity: 1st
Safety and Security: 3rd
Personal Freedom: 4th
Imports and Exports
main exports are machines and vehicles (evenly sharing 32%)
paper products, pulp, wood
iron and steel products
iron and steel
Prepare and Protect
Sweden has a very effective and profitable economic structure, but their dependence on the ability of other countries to continue importing from them could cause problems in the case of a foreign financial crisis. In order to maintain success, Sweden needs to separate their economic stability from that of their trade partners by reducing assets that cannot be liquidated in other countries.
GDP: $393 billion
GDP per capita: $41 900
export oriented nation
large trade surplus
6th easiest country to trade with, 6th most competitive in the world
recent service sector growth
Economic freedom score of 73.1, putting it in 20th
emerged as one of Europe's most sound economies after 2008-09 crisis
avoid being forced into taking emergency measures during another country's economic crisis
create independence from global financial system
Sweden can maintain their effective economy based on exports, but bring finances back to a domestic base
Sweden - Sverige
By: Victoria Chappell
Travel to Sweden
moved up 3 places overall since 2009
Moved up 2 spots in health in the last year
Dropped 2 spots in education in the last year
gross secondary enrollment rate: 98.2%
1:9 teacher to pupil ratio
Economy dropped 1 spot
Dropped 1 spot overall in past year
The stability of a country's finances are dependent on the state of the economy in foreign countries.
Eurozone struggles with increasing sovereign debt
must be ready in case of potential economic instability of trade partners
need to avoid being forced to take emergency measures in the case of another country's financial crisis
highly open to world= dependent on cross border transactions
exports= approx. 1/2 GDP
cross border financial assets and liabilities are each 2 1/2 times GDP
banking system is more than 4 times GDP
financial openness is essential to Sweden's growth
led to the financial system becoming linked to the global financial system
has been buffeted by financial instability twice in 2 decades
cause of 1st crisis= mainly domestic
most recent crisis= predominantly external
"stemming in from financial shocks emanating from ... outside Sweden"
assets regularly regarded as safe can suddenly become suspect
immediate economic stability depends on the economic stability of the countries it does business with
In order to maintain economic success and stability, Sweden must work to reduce assets that cannot be liquidated in other countries. By doing so, they will reduce the impact other economies can have on their financial status.
"Amusing Facts about Sweden, Swedish Culture, and Swedish Governance." Standford CVA Group. David Black-Schaffer, 2007. Web. 18 Feb. 2014. <http://cva.stanford.edu/people/davidbbs/swedish_facts.html>.
"Dads Struggle to Find Work-Life Balance." Business News Daily. N.p., 2012. Web. 4 May 2014. <http://www.businessnewsdaily.com/2695-work-dads-families.html>.
"Heritage and History of Sweden." Geographia. InterKnowledge Corp., n.d. Web. 2 May 2014. <http://www.geographia.com/sweden/history.html>.
"Kalmar Castle Sweden background wallpaper." HDwpapers. N.p., n.d. Web. 4 May 2014. <http://hdwpapers.com/kalmar_castle_sweden_background_wallpaper-wallpapers.html>.
"The Northern Lights interfere with GPS signals causing problems." The Telegraph. Telegraph Media Group Limited, 21 June 2008. Web. 4 May 2014. <http://www.telegraph.co.uk/news/uknews/2171606/ GPS-failing-Blame-the-Northern-Lights.html>.
Sweden. Swedish Institute, n.d. Web. 14 Feb. 2014. <http://sweden.se/>.
"Sweden." The Carefree Traveller. The Carefree Traveller, 2011. Web. 2 May 2014.
"Sweden." Legatum Prosperity Index. Legatum Institute, 2013. Web. 6 Feb. 2014. <http://www.prosperity.com/#!/country/SWE>.
"Sweden." 2014 Index of Economic Freedom. The Heritage Foundation, 2014. Web. 19 Feb. 2014. <http://www.heritage.org/index/country/sweden>.
Sweden - Life Without the Euro | Made in Germany. Youtube. Youtube, 27 July 2011. Web. 1 May 2014. <<
"Sweden." Infoplease. Pearson Education, n.d. Web. 9 Apr. 2014. <http://www.infoplease.com/country/sweden.html>.
"Sweden Economy Profile 2013." Index Mundi. N.p., n.d. Web. 9 Apr. 2014.
"Unique Ice Hotel in Sweden." Home Reviews. Home Reviews, 2011. Web. 2 May 2014.
"The World Factbook: Sweden." Central Intelligence Agency. OpenGov, 14 Apr. 2014. Web Apr. 2014. <https://www.cia.gov/library/publications?the-world-factbook/geos/sw.html>.
"Welcome to Sweden." Visit Sweden. VisitSweden, n.d. Web. 19 Feb. 2014. <http://www.visitsweden.com/>.
has among the EU's lowest levels of national debt
low and stable inflation
introduced a ceiling for government expenditures and a surplus goal for government budget
rather than cutting areas such as healthcare, education, and research, they invest
wealth more evenly distributed across regions than anywhere else in EU
What do you think of when you think of Sweden?
Average summer temperature: 13-17°C
Winter temperature for south: -3 -20°C
Average winter temperature of north: <-30°C
North: continuous daylight
South: 19 hours light
North: 2 months darkness
South: 6-8 hours daylight
has been inhabited since 12 000 BC
800-1050 AD, Vikings inhabited much of Sweden
Viking expeditions set off from east coast
founded in 1397
Present royal family has held throne since 1818
became constitutional monarchy in 1866
Area: 449,964 km²
1/10th bigger than
4th largest country
North: mountains and
South: fertile forests,
more than half of
Sweden is covered
85% of Swedes live
480 days paid parental leave
245 days in Canada
Renewable energy = 48% of Sweden's energy production
4% of household waste ends up in landfills
More than 90% of aluminum cans
'å', 'ä' and 'ö'--no W
Hur mår du?
Tack så mycket.
Var är toaletten?
Jag heter _____
Jag mår bra, tack.