Wednesday, May 16, 2018

Sweden’s Economy


Sweden has a population of 9,982,709, a labor force of 5.1 million and a land area of 172,756 square miles. Sweden’s nominal GDP is $517 billion, per capita GDP is $51,603. Jobs are in services 70.8%, industry 28.2% and agriculture 1.1%. Unemployment is 7%, Industries include iron and steel, precision equipment bearings, radio, telephone parts, armaments, pulp and paper, processed foods and motor vehicles, Exports are $147.3 billion, Imports are $134.9 billion. Government debt is 41% of GDP. Trade is with other EU countries. Sweden is the headquarters for Volvo and Husqvarna and several other international products.

Approximately 20% of Sweden’s population is age 65 and older and 20% are children and students. That leaves 60% working-age adults.

Pension funding for Sweden’s retirement age of 65 is projected to produce a shortfall. The early retirement age is 61 and the average retirement age is 64.5.  There are proposals to raise the retirement age to address this.

The Muslim population in Sweden is 810,000 or 8.1%. These immigrants and refugees are imposing costs the Swedes cannot afford. The myth that they will assimilate is completely discredited.

Sweden needs to send their non-assimilating immigrants and refugees home, raise their retirement age, shrink their public sector, roll back the nanny-state, expand their private sector economy and get out of the EU to regain their national sovereignty and distance themselves from the UN. I recommend bilateral trade agreements for Sweden.

Norb Leahy, Dunwoody GA Tea Party Leader


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