Scandinavia is a Federation of countries with similar economics. With the firm, but gentle hand of the Military High Council, the Federation is a bastion of peace in a world of economic turmoil.
Currency: 1 Scandinavian krona (SKr) = 100 öre.
Less common is the Internationally usable Scandinavian Credits (SCred) = 100 Cent.
Exchange rates:
Scandinavian kronor (SKr) per n¥15.4875 (January 2059), 5.0734 (2058),
4.4498 (2057), 4.3352 (2056), 5.0576 (2055), 5.0941 (2054)
Scandinavian Credits (SCred) per n¥12.2313 (January 2059), 2.1423 (2058), 4.4498 (2057), 2.0121 (2056), 2.1313 (2055), 2.0014 (2054)
Fiscal year: calendar year
GDP: purchasing power parity$120.5 billion (2060 est.)
GDPreal growth rate: 3.5% (2060 est.)
GDPper capita: purchasing power parity¥27,400 (2060 est.)
GDPcomposition by sector:
agriculture: 2.9%
industry: 34.7%
services: 62.4% (2051)
Inflation rateconsumer price index: 2% (2057 est.)
Labor force:
total: 2.13 million
by occupation: services 71%, industry 23%, agriculture, forestry, and fishing 6% (2053)
Unemployment rate: 2.6% (yearend 2057)
Budget:
revenues: $48.6 billion
expenditures: $53 billion, including capital expenditures of ¥NA (2054 est.)
Industries: petroleum and gas, food processing, shipbuilding, pulp and paper products, metals, chemicals, timber, mining, textiles, fishing
Industrial production growth rate: 3% (2060 est.)
Electricitycapacity: 26.431 million kW (2055)
Electricityproduction: 121.375 billion kWh (2055)
Electricityconsumption per capita: 26,547 kWh (2055)
Agricultureproducts: oats, other grains; beef, milk; livestock output exceeds value of crops; among world's top 10 fishing nations; fish catch of 2.33 million metric tons in 2054
Exports:
total value: $49.3 billion (f.o.b., 2056)
commodities: petroleum and petroleum products 43%, metals and products 11%, foodstuffs
(mostly fish) 9%, chemicals and raw materials 25%, natural gas 6.0%, ships
5.4%
partners: EU 77.2% (UK 19.8%, Germany 12.7%, Netherlands 9.1%, France 7.8%, Sweden
9.8%), UCAS 6.0% (2055)
Imports:
total value: $35.1 billion (c.i.f., 2056)
commodities: machinery and equipment and manufactured consumer goods 54%, chemicals
and other industrial inputs 39%, foodstuffs 6%
partners: EU 71.0% (France 15.4%, Germany 13.8%, UK 9.7%, Tir na'Nog 7.5%, Netherlands
4.4%), US 6.6% (2055)
Debtexternal: ¥NA
Economic aid:
donor: ODA, $1.014 billion (2053)
Economyoverview: Aided by peace and neutrality for the whole twentieth century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a skilled labor force. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for about 90% of industrial output, of which the engineering sector accounts for 50% of output and exports. Agriculture accounts for only 2% of GDP and 2% of the jobs. In recent years, however, this extraordinarily favorable picture has been clouded by budgetary difficulties, inflation, high unemployment, and a gradual loss of competitiveness in international markets. To curb the budget deficit and bolster confidence in the economy, the government adopted an adjustment program in November 2054 that aims to eliminate the government budget deficit and to stabilize the debt to GDP ratio. Annual GDP growth should edge up to 2.5% in 2058-59.
GDP: purchasing power parity¥176.2 billion (2057 est.)
GDPreal growth rate: 2.1% (2057 est.)
GDPper capita: purchasing power parity¥19,700 (2057 est.)
GDPcomposition by sector:
agriculture: 2%
industry: 27%
services: 71% (2053)
Inflation rateconsumer price index: 2% (2057 est.)
Labor force:
total: 4.552 million (84% unionized, 2052)
by occupation: community, social and personal services 38.3%, mining and manufacturing
21.2%, commerce, hotels, and restaurants 14.1%, banking, insurance 9.0%, communications
7.2%, construction 7.0%, agriculture, fishing, and forestry 3.2% (2051)
Unemployment rate: 6.6% plus about 5% in training programs (2057 est.)
Budget:
revenues: ¥109.4 billion
expenditures: ¥146.1 billion, including capital expenditures of ¥NA (2056 est.)
Industries: iron and steel, precision equipment (bearings, radio and telephone parts, armaments), wood pulp and paper products, processed foods, motor vehicles
Industrial production growth rate: 2.6% (2056)
Electricitycapacity: 35.462 million kW (2057)
Electricityproduction: 142.913 billion kWh (2055)
Electricityconsumption per capita: 15,996 kWh (2055)
Agricultureproducts: grains, sugar beets, potatoes; meat, milk
Exports:
total value: ¥84.5 billion (f.o.b., 2056)
commodities: machinery, motor vehicles, paper products, pulp and wood, iron and steel
products, chemicals, petroleum and petroleum products
partners: EU 59.1% (Germany 13.2%, UK 10.2%, Tir na'Nog 6.9%, France 5.1%), Norway
8.1%, Finland 4.8%, US 8.0% (2054)
Imports:
total value: ¥66.6 billion (c.i.f., 2056)
commodities: machinery, petroleum and petroleum products, chemicals, motor vehicles,
foodstuffs, iron and steel, clothing
partners: EU 62.6% (Germany 18.4%, UK 9.5%, Tir na'Nog 6.6%, France 5.5%), Finland
6.3%, Norway 6.1%, US 8.5% (2054)
Debtexternal: ¥66.5 billion (2054)
Economic aid:
donor: ODA, ¥1.769 billion (2053)
Economyoverview: Finland has a highly industrialized, largely free-market economy, with per capita output roughly that of the UK, France, Germany, and Italy. Its key economic sector is manufacturingprincipally the wood, metals, and engineering industries. Trade is important, with the export of goods representing about 30% of GDP. Except for timber and several minerals, Finland depends on imports of raw materials, energy, and some components for manufactured goods. Because of the climate, agricultural development is limited to maintaining self-sufficiency in basic products. Forestry, an important export earner, provides a secondary occupation for the rural population. The economy has come back from the recession of 1990-92, which had been caused by economic overheating, depressed foreign markets, and the dismantling of the barter system between Finland and the former Soviet Union under which Soviet oil and gas had been exchanged for Finnish manufactured goods. Attempts to cut the unacceptably high rate of unemployment and increasing integration with Western Europe will dominate the economic picture over the next few years. Despite high unemployment and moderate GDP growth of 3.9% anticipated for 2060, inflation is forecast to rise to 2.5%
GDP: purchasing power parity¥102.1 billion (2057 est.)
GDPreal growth rate: 4.6% (2057 est.)
GDPper capita: purchasing power parity¥20,000 (2057 est.)
GDPcomposition by sector:
agriculture: 7%
industry: 37%
services: 56% (2055)
Inflation rateconsumer price index: 1.2% (2057 est.)
Labor force:
total: 2.533 million
by occupation: public services 30.4%, industry 20.9%, commerce 15.0%, finance, insurance,
and business services 10.2%, agriculture and forestry 8.6%, transport and
communications 7.7%, construction 7.2%
Unemployment rate: 14.6% (2057 est.)
Budget:
revenues: ¥33 billion
expenditures: ¥40 billion, including capital expenditures of ¥NA (2056 est.)
Industries: metal products, shipbuilding, pulp and paper, copper refining, foodstuffs, chemicals, textiles, clothing
Industrial production growth rate: 7.4% (2055)
Electricitycapacity: 14.143 million kW (2055)
Electricityproduction: 58.626 billion kWh (2055)
Electricityconsumption per capita: 13,181 kWh (2055)
Agricultureproducts: cereals, sugar beets, potatoes; dairy cattle; annual fish catch about 160,000 metric tons
Exports:
total value: ¥38.4 billion (f.o.b., 2056)
commodities: paper and pulp, machinery, chemicals, metals, timber
partners: EU 46.5% (Germany 13.4%, UK 10.4%), Sweden 10.1%, US 6.7%, Japan 2.6%,
Russia 4.8% (2055)
Imports:
total value: ¥29.3 billion (c.i.f., 2056)
commodities: foodstuffs, petroleum and petroleum products, chemicals, transport equipment,
iron and steel, machinery, textile yarn and fabrics, fodder grains
partners: EU 44% (Germany 16.6%, UK 8.0%), Sweden 11.7%, US 7.1%, Russia 7.1%,
Japan 6.3% (2055)
Debtexternal: ¥30 billion (December 2053)
Economic aid:
donor: ODA, ¥355 million (2053)
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