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The over-arching objectives for the Nordic co-operation are stable and sustainable economic growth; development of the Nordic welfare model; economic integration in the Nordic region, the Baltic Sea region and Europe; and the promotion of joint Nordic interests at international level. The Nordic economies are among the countries in the Western World with the best macroeconomic performance in recent years. In most of the Nordic countries, the gross domestic product (GDP) has increased noticeably during the recent years. Since 1990, most of the Nordic countries have lowered their development aid, measured as a percentage of the gross national income (GNI). For more information:

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Keywords:  gross value, employment, development assistance, developing countries, development aid, service sector

Gross Domestic Product (GDP) You or your institution have access to this content

Nordic Council of Ministers

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This indicator shows the Gross Domestic Product (GDP) measured in PPS per person in the Nordic region, but as an index with EA19=100. This means that all the Nordic economies and the EU28 are measured against the 19 countries in the EU who have adopted the Euro as their sole currency. PPS: Purchasing Power Standards eliminate differences in price levels between the different countries. Gross Domestic Product (GDP): As an aggregate measure of production, GDP is equal to the sum of the gross value added of all resident institutional units (i.e. industries) engaged in production, plus any taxes, and minus any subsidies, on products not included in the value of their outputs. For more information:

Keywords:  gross domestic product, gdp
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