Australia and Sweden Economies: A Side-by-Side Table Comparison
In comparing Australia and Sweden, Australia boasts a population nearly 2.5 times larger and a land area 14.6 times greater. Its GDP is about 2.9 times larger, while GDP per capita is 15% higher. However, Australia faces more income inequality and spends significantly more on military. Imports and exports show distinct economic profiles, with Australia trading more overall, but Sweden’s trade plays a bigger role in its economy.
Australia’s HDI is 0.946 (very high), while Sweden’s is 0.952 (very high). Sweden’s score is 0.006 higher, indicating slightly better human development overall.
Australia’s imports are 22% higher than Sweden’s, but Sweden’s imports make up 30% more of its GDP compared to Australia. Australia’s exports are 38% higher than Sweden’s, but Sweden’s exports make up a larger slice of its economy.
Australia’s military expenditure is approximately 270% larger and $23.5 billion higher than Sweden’s, with Australia also allocating a greater percentage of its GDP to defense compared to Sweden.
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