Gross Domestic Product (GDP)

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: http://91.208.143.100/pxweb/norden/pxweb/en/Nordic%20Statistics/

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Keywords: gross domestic product, gdp