DESCRIPTION AND COMPARISON OF ECONOMY BETWEEN 3

COUNTRIES AUSTRIA, SWEDEN AND SWITZERLAND

NAME: ADNAN QADEER BHATTI

REGISTERAION NUMBER: 4029

Due date: 12/04/2010

 ABSTRACT:
The following research report (Description and Comparison between
Economy of Austria , Sweden and Switzerland) is the partial
requirement of our course business communication and we choose
the economy of Austria, Sweden and Switzerland .In our report we
used the economy of three countries and also we make comparison
between the economies of three countries and also we make an
analysis of each department of its economy, like GDP (Gross
domestic product-output), Population, Investment share in GDP,
Government spending as a share of GDP, and consumption as share
of GDP. We have already used the tables and graphs to illustrate the
economies of three countries. In graphs we see that Population in
Sweden is higher, and after that population of Austria is higher,
Switzerland has lower population. Population of every country is
rising year by year.GDP of Switzerland is higher and it is on top
since the year 1950-2007 it is always higher from both Sweden and
Austria. We see in the graph that from 1950-1975 GDP of Sweden
was higher but after 1975 -2007 GDP of Austria become higher.
Government share rate in Sweden is on high, it was going up and
up since the year 1950-1980, but after the year 1980 it is coming
down and down. GDP share rate of Austria is higher after the
Sweden, and Switzerland is low as compare it to Austria and
Sweden. Consumption rate of Switzerland is on top from the 1940
-1985 almost, but after year 1985-2000 Consumption rate of Austria
is high, and after that almost both are going same, Consumption rate
of Sweden is lowest. Consumption rate of every country is almost
decreasing year by year. Investment rate of Switzerland is higher,
from 1975-1980 Investment share of Austria was higher, but after that
Switzerland is on higher, in 1976-1979 Investment share of Austria
was higher than Switzerland but after that Switzerland is again on
higher, Sweden has the lowest Investment rate.
TABLE OF CONTENTS
PAGE

1. INTRODUCTION 1

2. DESCRIPTION OF COUNTRIES 2

2.1 AUSTRIA 2

2.2 SWEDEN 3

2.3 SWITZERLAND 4

3. METHODOLOGY AND DATA 5

4. RESULTS 6

5. CONCLUSION 7

REFERENCES
List OF FIGURES:
PAGE

Fig1: Population of three countries 1

Fig2: GDP per capital of three countries 2

Fig3: Invest share in GDP

Of Three countries 3

Fig4: Government spending as a

Share of Gdp of three countries 4

Fig5: Consumption of three countries 5

1: INTRODUCTION:

This research report is about the Description and Comparison

between the Economy of Austria, Sweden and Switzerland. This
report is the requirement of our course Business Communication, and
in this report we will make comparison on the economy of Austria,
Sweden and Switzerland.

Austria: Forestry, cattle rising, and dairying are prevalent throughout

the alpine provinces; Vorarlberg has an ancient textile industry.
About 3% of the population is employed in mostly small-scale
agriculture; the country is nearly self-sufficient in terms of food
production. In Upper and Lower Austria and in Burgenland, tillage
agriculture predominates: the chief crops are potatoes, sugar beets,
fruit, barley, rye, and oats. Sweden is a highly industrialized country
and has one of the highest living standards in the world. Since 1940
there has been a great movement of workers from farms to cities;
nevertheless, agricultural output has increased considerably with the
application of scientific farming methods. In 2006 industry
contributed about 28% of the annual national income and agriculture
about 1%. Transportation, communication, and trade are also
important. Farming is concentrated in the southern part of the
country; the leading commodities produced are dairy products, grain
(including fodder crops), sugar beets, and potatoes. Large numbers
of poultry, hogs, and cattle are raised. Switzerland has a highly
successful market economy based on international trade and
banking. Its standards of living, worker productivity, quality of
education, and health care are higher than any other European
country. Inflation is low, and unemployment is negligible. The
economy is heavily dependent on foreign guest workers, who
represent approximately 20% of the labor force. Agriculture employs
less than 5% of the population, and since only 10% of the land is
arable, the primary agricultural products are cattle and dairy goods
(especially cheeses); grains, fruits, and vegetables are also grown,
and there is a large chocolate-processing industry. Mineral resources
are scarce, and most raw materials and many food products must be
imported. Tourism adds significantly to the economy. Electricity is
generated chiefly from hydroelectrically and nuclear power sources.

For our report we used the graphical analysis to compare the

economy of three countries, for that we used the data from Penn
World Tables years (1950-2007); and we found these indicators.

GDP PER CAPITAL

POPULATION
INVESTMENT PER SHARE
CONSUMPTION
GOVERNMENT SHARE
Population in Sweden is higher, and after that population of Austria
is higher, Switzerland has lower population. Population of every
country is rising year by year.GDP of Switzerland is higher and it is
on top since the year 1950-2007 it is always higher from both
Sweden and Austria. We see in the graph that from 1950-1975 GDP
of Sweden was higher but after 1975 -2007 GDP of Austria become
higher.
Government share rate in Sweden is on high, it was going up and
up since the year 1950-1980, but after the year 1980 it is coming
down and down. GDP share rate of Austria is higher after the
Sweden, and Switzerland is low as compare it to Austria and
Sweden. Consumption rate of Switzerland is on top from the 1940
-1985 almost, but after year 1985-2000 Consumption rate of Austria
is high, and after that almost both are going same, Consumption rate
of Sweden is lowest. Consumption rate of every country is almost
decreasing year by year. Investment rate of Switzerland is higher,
from 1975-1980 Investment share of Austria was higher, but after that
Switzerland is on higher, in 1976-1979 Investment share of Austria
was higher than Switzerland but after that Switzerland is again on
higher, Sweden has the lowest Investment rate.
2: DESCRIPTION OF THE ECONOMIES OF AUSTRIA, SWEDEN
AND SWITAERLAND:

AUSTRIA,

Forestry, cattle rising, and dairying are prevalent throughout the

alpine provinces; Vorarlberg has an ancient textile industry. About
3% of the population is employed in mostly small-scale agriculture;
the country is nearly self-sufficient in terms of food production. In
Upper and Lower Austria and in Burgenland, tillage agriculture
predominates: the chief crops are potatoes, sugar beets, fruit, barley,
rye, and oats.

Manufacturing is diversified and accounts for over 30% of the gross

national product. More than half of the industries are concentrated in
the Vienna basin; Linz, Styr, Graz, Leoben, Innsbruck, and Salzburg
are the other chief industrial centers. Many of the country's industries
were nationalized after World War II, together with the largest
commercial banks. The chief manufactures are machinery, vehicles,
iron and steel, communications equipment, chemicals, and paper
and wood products. Food processing is also important, and many
minerals necessary for industry (graphite, iron, magnesium, copper,
zinc, and lignite) are found in Austria. The country also has deposits
of crude oil and salt, and is rich in hydroelectric power. In recent
years, service industries, including a large banking sector, have
become important to Austria's economy, and they now employ some
70% of the nation's workforce. Tourism is also important. The main
trading partners are Germany, Italy, Switzerland, and the United
States

.
2.2: SWEDEN:
Sweden is a highly industrialized country and has one of the highest
living standards in the world. Since 1940 there has been a great
movement of workers from farms to cities; nevertheless, agricultural
output has increased considerably with the application of scientific
farming methods. In 2006 industry contributed about 28% of the
annual national income and agriculture about 1%. Transportation,
communication, and trade are also important. Farming is
concentrated in the southern part of the country; the leading
commodities produced are dairy products, grain (including fodder
crops), sugar beets, and potatoes. Large numbers of poultry, hogs,
and cattle are raised.

Sweden is one of the world's leading producers of iron ore; important

mines are at Koruna and Gällivare. Copper, lead, and zinc ores and
pyrite are also extracted. The country's chief industrial centers are
Stockholm, Goteborg, Malmo, Uppsala, Vasteras, Helsingborg, and
Norrkoping. Food processing is important and the leading
manufactures include iron and steel, machinery, precision
equipment, forest products, chemicals, and motor vehicles. Sweden
is known for its decorative and folk arts, fine glassware (made
especially at Orrefors), and high-quality steel cutlery and blades.
Much hydroelectric power is generated. The country's beautiful
scenery and handsome towns and cities attract large numbers of
tourists.

Sweden carries on a large foreign trade, and the value of exports

usually slightly exceeds that of imports. The chief exports are
machinery, motor vehicles, paper goods, pulp and wood, iron and
steel products, and chemicals. The main imports are machinery,
petroleum and petroleum products, chemicals, motor vehicles, iron
and steel, foodstuffs, and clothing. The principal trade partners are
Germany, Norway, Denmark, Great Britain, and Finland.

2.3: SWITZERLAND:

Switzerland has a highly successful market economy based on

international trade and banking. Its standards of living, worker
productivity, quality of education, and health care are higher than any
other European country. Inflation is low, and unemployment is
negligible. The economy is heavily dependent on foreign guest
workers, who represent approximately 20% of the labor force.
Agriculture employs less than 5% of the population, and since only
10% of the land is arable, the primary agricultural products are cattle
and dairy goods (especially cheeses); grains, fruits, and vegetables
are also grown, and there is a large chocolate-processing industry.
Mineral resources are scarce, and most raw materials and many food
products must be imported. Tourism adds significantly to the
economy. Electricity is generated chiefly from hydroelectrically and
nuclear power sources.

Switzerland has a worldwide reputation for the high quality of its

export manufactures, which include machinery, chemicals, watches,
textiles, precision instruments, and diverse high-tech products.
Centered in Basel, the chemical-pharmaceutical industry exports
around the globe. Due to its central location in Europe and the
stability of its politics and currency, Switzerland has become one of
the world's most important financial centers. The banking, insurance,
shipping, and freighting industries accommodate the enormous
amount of international trade going through Switzerland. Imports
include manufactured goods, vehicles, and clothing and textiles. Its
most important trading partners are Germany, Italy, France, the
United States, and Great Britain.
3: METHODOLGY AND DATA:

We used the graphical analysis to compare the economy of three

countries, for that we used the data from Penn World Tables years
(1950-2007); and we found these indicators.

1. GDP PER CAPITAL

2. POPULATION
3. INVESTMENT PER SHARE
4. CONSUMPTION
5. GOVERNMENT SHARE

4. RESULTS
 Population of Countries

10000
9000
8000
7000
6000
5000
4000
3000
2000
1000
0
1940 1960 1980 2000 2020

Population of Austria Population of Sweden Population of Switzerland

COMMENTS:

Population in Sweden is higher, and after that population of Austria is

higher, Switzerland has lower population. Population of every country
is rising year by year.
 GDP PER CAPITAL

45000

40000

35000

30000

25000

20000

15000

10000

5000

0
1940 1960 1980 2000 2020

GDP per capita of Austria GDP per capita of sweden

GDP per capita of switzerland

COMMENTS:

GDP of Switzerland is higher and it is on top since the year 1950-

2007 it is always higher from both Sweden and Austria. We see in the
graph that from 1950-1975 GDP of Sweden was higher but after 1975
-2007 GDP of Austria become higher.
 Government Share

30

25

20

15

10

0
1940 1960 1980 2000 2020

governm ent s hare of Aus tria governm ent s hare of s weden

governm ent s hare of s witzerland

COMMENTS:

Graphs show Government share rate in Sweden is on high, it was

going up and up since the year 1950-1980, but after the year 1980 it
is coming down and down. GDP share rate of Austria is higher after
the Sweden, and Switzerland is low as compare it to Austria and
Sweden.
 Consumption Share

80

70

60

50

40

30

20

10

0
1940 1960 1980 2000 2020

consumption share of Austria consumption share of sweden

consumption share of switzerland

COMMENTS:

Consumption rate of Switzerland is on top from the 1940 -1985

almost, but after year 1985-2000 Consumption rate of Austria is high,
and after that almost both are going same, Consumption rate of
Sweden is lowest. Consumption rate of every country is almost
decreasing year by year.
 Investment S hare

40

35

30

25

20

15

10

0
1940 1960 1980 2000 2020

inves tm ent s hare of Aus tria inves tm ent s hareof s w eden

inves tm ent s hare of s w itzerland

COMMENTS:

Investment rate of Switzerland is higher, from 1975-1980 Investment

share of Austria was higher, but after that Switzerland is on higher, in
1976-1979 Investment share of Austria was higher than Switzerland
but after that Switzerland is again on higher, Sweden has the lowest
Investment rate.
5: CONCLUSION:

This research report was about the Description and Comparison

between the Economy of Austria, Sweden and Switzerland. This
report is the requirement of our course Business Communication, and
in this report we made comparison on the economy of Austria,
Sweden and Switzerland.
For our report we used the graphical analysis to compare the
economy of three countries, for that we used the data from Penn
World Tables years (1950-2007); and we found these indicators.
1. GDP PER CAPITAL
2. POPULATION
3. INVESTMENT PER SHARE
4. CONSUMPTION
5. GOVERNMENT SHARE
Population in Sweden is higher, and after that population of Austria
is higher, Switzerland has lower population. Population of every
country is rising year by year.GDP of Switzerland is higher and it is
on top since the year 1950-2007 it is always higher from both
Sweden and Austria. We see in the graph that from 1950-1975 GDP
of Sweden was higher but after 1975 -2007 GDP of Austria become
higher. Government share rate in Sweden is on high, it was going
up and up since the year 1950-1980, but after the year 1980 it is
coming down and down. GDP share rate of Austria is higher after the
Sweden, and Switzerland is low as compare it to Austria and
Sweden. Consumption rate of Switzerland is on top from the 1940
-1985 almost, but after year 1985-2000 Consumption rate of Austria
is high, and after that almost both are going same, Consumption rate
of Sweden is lowest. Consumption rate of every country is almost
decreasing year by year. Investment rate of Switzerland is higher,
from 1975-1980 Investment share of Austria was higher, but after that
Switzerland is on higher, in 1976-1979 Investment share of Austria
was higher than Switzerland but after that Switzerland is again on
higher, Sweden has the lowest Investment rate.
7: REFERENCES:

http://www.infoplease.com