Sweden vs. FinlandComparing Economic CharacteristicsIn this essay I'm going to compare and contrast Sweden and Finland's economic characteristics. Compare means to show all the similarity between things and contrast means the show all the differences between things. Economic characteristics are how people earn and spend their money in their country. It's interesting how two countries so close together geographically can have so many similarities and differences.Natural resources are very important to both countries economies. Sweden is a big producer of iron ore and other natural minerals. Finland is not a big producer of minerals. They lack in coal, oil, and most of the other natu ...view middle of the document...
Finland has more than twice as much agricultural output as Sweden. Finland has five percent output and Sweden has two percent output. Finland is a low-lying country with over 60,000 lakes. This probably makes for more fertile soil and better growing conditions.Both Sweden and Finland have huge, long coastlines. This is very good for their economies because of all the importing and exporting they can do on the harbors. Finland is a great place for fishing. A great place where fish are caught and sold on the spot is Helsinki, Finland. Sweden is also a very large fishing country, most fisherman start out being cod fishermen.Both Finland and Sweden place a very high degree of importance on preserving the environment. They have strict laws on industrial emissions allowed and a high level of nuclear safety. Hydroelectricity is a very important type of electricity in both countries. Sweden is a higher hydroelectricity producer at forty-six point five percent and Finland only has twenty-six percent of their electricity produced this way.Imports and exports are very important to both countries economies. Sweden spends a lot more on imports, sixty-eight billion to be exact. Finland only spends thirty-one billion dollars on imports. They both have the same top two import partners. The first is Europe and in second is Germany. Sweden makes eighty-six billion a year on exports. Finland on the other hand only makes forty-three billion a year on exports. Sweden and Finland's top three export partners are also the same. The first is Europe and in second is Germany and in third is the U.K.Sweden is a big producer of well-known cars like Volvo and Saab. These cars made in Sweden are exported all over the world. Finland on the other hand does not produce or export cars.These two countries climates are very similar. This is mostly due to their geographical location. B...
