Economic Indicators for Analysing Standards of Living
Professional Higher Education Bachelor 's Programme
“European business Studies”
Course paper in Economics
Economic indicators for analysis of living standards in Latvia and Scandinavian countries – Sweden and Norway
Author: Yevgeniya Grygorchuk Group D1A2
Supervisor: A.Petrovs
Riga, Month 2009
Introduction 4 Topic relevance 4 Course paper aim 4 Course paper tasks 4 1 Theoretical basis 5 1.1 Definition of the term “living standards” 5 1.2 Factors that influence an increase in living standards 5 1.3 Economic indicators for analysis of living standards 6 1.3.1 GDP per capita 6 1.3.2 Economic Growth and living standards 6 1.3.3 Government expenditures 7 1.3.4 Exports and imports 7 1.3.5 Leisure 7 1.4 Countries’ profiles in brief 8 1.4.1 Norway 8 1.4.2 Sweden 9 1.4.3 Latvia 9 2 Practical part 10 2.1 Real GDP per capita 10 2.1.1 Sweden. 10 2.1.2 Latvia 10 2.1.3 Norway 11 2.2 Government expenditures 11 2.2.1 Norway 11 2.2.2 Sweden 12 2.2.3 Latvia 12 2.3 Economic growth 13 2.3.1 Norway 13 2.3.2 Sweden 13 2.3.3 Latvia 13 2.4 Exports and imports 14 2.4.1 Norway 14 2.4.2 Sweden 14 2.4.3 Latvia 15 2.5 Leisure 15 2.5.1 Norway 15 2.5.2 Sweden 16 2.5.3 Latvia 16 2.6 Cost of living and annual per capita income 17 2.6.1 Norway 17 2.6.2 Sweden 17 2.6.3 Latvia 18 2.7 Population 18 2.7.1 Norway 18 2.7.2 Sweden 19 2.7.3 Latvia 19 3 CONCLUSION 21 4 RECOMMENDATIONS 22
References 23 *
* Introduction * Topic relevance
Deep knowledge of economic indicators for analysis of living standards gives an opportunity to impartially evaluate and compare living standards in different countries such as Latvia, Norway and Sweden and suggest ways of improvements for Latvia in order to achieve high level.
Nowadays, in the period of the world economic crisis Latvia by many indicators is occupying a leading place of low living
“European business Studies”
Course paper in Economics
Economic indicators for analysis of living standards in Latvia and Scandinavian countries – Sweden and Norway
Author: Yevgeniya Grygorchuk Group D1A2
Supervisor: A.Petrovs
Riga, Month 2009
Introduction 4 Topic relevance 4 Course paper aim 4 Course paper tasks 4 1 Theoretical basis 5 1.1 Definition of the term “living standards” 5 1.2 Factors that influence an increase in living standards 5 1.3 Economic indicators for analysis of living standards 6 1.3.1 GDP per capita 6 1.3.2 Economic Growth and living standards 6 1.3.3 Government expenditures 7 1.3.4 Exports and imports 7 1.3.5 Leisure 7 1.4 Countries’ profiles in brief 8 1.4.1 Norway 8 1.4.2 Sweden 9 1.4.3 Latvia 9 2 Practical part 10 2.1 Real GDP per capita 10 2.1.1 Sweden. 10 2.1.2 Latvia 10 2.1.3 Norway 11 2.2 Government expenditures 11 2.2.1 Norway 11 2.2.2 Sweden 12 2.2.3 Latvia 12 2.3 Economic growth 13 2.3.1 Norway 13 2.3.2 Sweden 13 2.3.3 Latvia 13 2.4 Exports and imports 14 2.4.1 Norway 14 2.4.2 Sweden 14 2.4.3 Latvia 15 2.5 Leisure 15 2.5.1 Norway 15 2.5.2 Sweden 16 2.5.3 Latvia 16 2.6 Cost of living and annual per capita income 17 2.6.1 Norway 17 2.6.2 Sweden 17 2.6.3 Latvia 18 2.7 Population 18 2.7.1 Norway 18 2.7.2 Sweden 19 2.7.3 Latvia 19 3 CONCLUSION 21 4 RECOMMENDATIONS 22
References 23 *
* Introduction * Topic relevance
Deep knowledge of economic indicators for analysis of living standards gives an opportunity to impartially evaluate and compare living standards in different countries such as Latvia, Norway and Sweden and suggest ways of improvements for Latvia in order to achieve high level.
Nowadays, in the period of the world economic crisis Latvia by many indicators is occupying a leading place of low living
References: 31. Schön, L, Sweden – Economic Growth and Structural Change, 1800-2000, < http://eh.net/encyclopedia/article/schon.sweden> 32