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The Economic Comparison: U.S. vs. Sweden and Insights on Job Creation

This analysis examines the contrasting economic indicators and social policies of the United States and Sweden, particularly in light of Mitt Romney's 2012 critique of President Obama’s job creation efforts. With a focus on GDP per capita, income distribution, unemployment rates, and social welfare spending, we explore the implications of high government expansion versus a more market-driven economy. Key statistics reveal performance in education, health care, and social equality while posing critical questions about living standards and economic sustainability in both nations.

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The Economic Comparison: U.S. vs. Sweden and Insights on Job Creation

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Presentation Transcript

  1. What do you think?

  2. “Mr. Obama is hapless in promoting job creation and determined to expand government until the United States resembles Sweden.” Mitt Romney July 29, 2012

  3. Pop = 9,103,788 Pop = 313,847,465

  4. What do you think? BadGood

  5. ItDEPENDS!

  6. Standard of Living • GDP Per Capita (PPP): $49,000 • GDP Growth Rate: 1.7% • GDP Per Capita (PPP): $40,900GDP Growth Rate: 4.0%

  7. Income Distribution • Gini index: 45 (2005) • Gender Wage Gap:20% • Gini index: 23 (2005) • Gender Wage Gap:15% *Lower is more equal

  8. Unemployment/Inflation • UE Rate: 9.0% • Inflation Rate: 3.0% • UE Rate: 7.5% • Inflation Rate: 2.5%

  9. Taxes • Tax Revenues: 15.3% of GDP • Tax Revenues: 51.6% of GDP

  10. Budget/Debt • Budget Surplus/Deficit: -8.6% of GDP • Public Debt: 104.1% of GDP • Budget Surplus/Deficit: 0.1% of GDP • Public Debt: 38.4% of GDP

  11. Military/Education Spending • Military Expenditure: 4.1% of GDP • Education Expenditure: 5.5% of GDP • Military Expenditure: 1.5% of GDP • Education Expenditure: 6.6% of GDP

  12. Education Outcomes • Average years school: 12.0 • Adult literacy rate: 99% • Average years school: 11.4 • Adult literacy rate: 99%

  13. Health Care Spending • Health Care Expenditure: 16.2% of GDP • 2.7 physicians per 1,000 Pop • Health Care Expenditure: 9.9% of GDP • 3.6 physicians per 1,000 Pop

  14. Health Status • Life expectancy at birth: 78.5 years • 6.0 deaths per 1,000 live births • Adult Obesity Rate: 33.9% • Life Expectancy at Birth: 81.2 years • 2.7 deaths per 1,000 live births • Adult Obesity Rate: 12.0%

  15. Personal Bankruptcy

  16. Investment Spending • Investment: 12.4% of GDP • Global Competitiveness: rank = 5 • Investment: 18.3% of GDP • Global Competitiveness: rank = 3

  17. Oil & CO2 Emissions • Oil Consumption: 19.2 million bbl/day • CO2 Emissions: 5,762,050 mt(thousands) • Oil Consumption: 351,100 bbl/day • CO2 Emissions: 48,761 mt(thousands)

  18. Guns • Guns per 100 Pop: 88.8 • Murders with Firearms: 9,369 • Murders by Youth: 8,226 • Guns per 100 Pop: 31.6 • Murders with Firearms: 58 • Murders by Youth: 16

  19. Jail/Prison • # of Prisoners: 2,019,234 • Prisoners per 100,000 Pop: 715 • # of Prisoners: 5,920 • Prisoners per 100,000 Pop: 75

  20. Other Social Indicators • Alcohol Traffic Deaths per 100,000 Pop: 10.5 • Teen Pregnancies per 1,000 Pop: 52.1 • Alcohol Traffic Deaths per 100,000 Pop: 2.6 • Teen Pregnancies per 1,000 Pop: 6.5

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