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Country Presentation: National Overview
The Kingdom of Denmark The Kingdom of Sweden The Kingdom of Finland Scott Swisher
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Geography / Demographics
Denmark Sweden Finland Total Area 43,094 km² 449,964 km² 338,144 km² % Water 1.6% 8.67% 9.4% Population 5,432,335 9,001,774 5,233,442 Population Density 125 ppl/km² 20 ppl/km² 17.1 ppl/km² Population Growth Rate 0.34% 0.17% 0.16%
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Demographics Denmark Sweden Finland 2.53/1000 1.67/1000 0.89/1000
Net Migration Rate 2.53/1000 1.67/1000 0.89/1000 Life Expectancy 77.62 years 80.4 years 78.35 years Ethnic Groups Scandinavian, Inuit, Faroese, German, Turkish, Iranian, Somali Swedes, Finnish, Sami, Finns, Yugoslavs, Danes, Norwegians, Greeks, Turks Finn 93.4% Swede 5.7% Russian 0.4% Estonian 0.2% Roma 0.2% Sami 0.1%
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Economic Statistics Denmark Sweden Finland GDP (PPP) $174.4 bil.
GDP/capita $32,200 $28,400 $29,000 GDP growth 2.1% 3.6% 3% GDP by sector Agri: 2.2% Ind: 25.5% Serv: 72.3% Agri: 2% Ind: 29% Serv: 69% Agri: 3.3% Ind: 30.2% Serv: 66.5%
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Economic Statistics, Cont.
Denmark Sweden Finland Inflation Rate 1.4% 0.7% Unemployment Rate 6.2% 5.6% 8.9% Gov’t Revenue $136.1 bil. $201.3 bil. $96.43 bil. Gov’t Expenditure $133.4 bil. $199.6 bil. $91.95 bil. Gov’t Balance + $2.7 bil. + $1.7 bil. + $4.48 bil.
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Economic Statistics Cont. 2
Denmark Sweden Finland Outstanding Public Debt (% of GDP) 42.5% 51.6% 46.8% Current Account Balance $6.529 bil. $24.08 bil. $11.39 bil. Joined EU in 1973 1995
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European Monetary Union
Denmark – no to EMU Gov’t has met convergence criteria for 3rd stage. Decision to not use the euro reconfirmed in Sept referendum. Danish currency, krone, is pegged to the euro. Sweden – no to EMU Easily meets convergence criteria for 3rd stage. Decided not to join eurozone in 1997. In September 2003 a euro referendum failed by 8%.
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European Monetary Union Cont.
Finland – yes to EMU One of 11 countries to join eurozone on 1 Jan The markka, the national currency, was replaced by the euro in early 2002. Rapidly integrating with the EU and Western Europe.
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Fiscal Policy : The EU budget
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Fiscal Policy Cont.
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Net Payments to the EU (Contributions – Receipts)
Million Euro
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Common Agricultural Policy / Subsidies
Agricultural Interests Denmark: Fishing, food processing, meat, grain, hides, seeds, net exporter. Sweden: Grain, sugarbeets, potatoes, pig production, dairy, especially milk. Finland: Grain, meat, fishing, dairy products, extensive rural agriculture. Subsidies Denmark: Future reductions in CAP fishing subsidy being planned. Sweden: Limited growing ability countered by area aid, livestock premiums, environmental subsidy. Finland: Harsh conditions, short growing season require long-run subsidy. Demark: net exporter of food products Sweden: milk is ¼ of agricultural production value
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Social Policy Social Welfare Immigration
Denmark: Extensive welfare safety net including national pension, large public sector, unemployment benefits through trade unions. Sweden: Archetypical welfare state with extensive child-care and social welfare systems, union unemployment benefits. Finland: Child day care, smaller national pension, smaller health care benefit. Immigration Denmark: Increasing immigration induces anti-immigration legislation from conservative elements. Sweden: Large immigrant population from Finland, Serbia, Bosnia, allow relatively free immigration flows. Finland: Limited immigration flows gradually increasing, almost all native population. Denmark and Sweden : unemployment benefits through trade unions
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External Relations Denmark Sweden Finland
Exports: $66.2 bil., Imports: $56.4 bil., trading partners: Germany (21%), Sweden (13%), UK (8%). Supporter of US, sometimes reluctant supporter of EU. Sweden Exports: $102.8 bil., Imports: $83.27 bil., major trading partners: US, EU, Norway, and the UK. Heavy participation in UN and NATO peacekeeping efforts. Finland Exports: $57.7 bil., sold to EU (53%), US (8%), Russia (8%). Imports: $45.6 bil., from EU (55%), Russia (11.9%), US (5%). Political ties to Russia, Sweden, and Norway.
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