Gross Domestic Product (GDP)

This indicator shows the Gross Domestic Product (GDP) measured in Purchasing Power Standars (PPS) per person in the Nordic region. Data is available for Denmark, Finland, Iceland, Norway, Sweden and Åland, as well as for thr European Union (EU28) an the Euro Area (EA19). The GDP is measured as an index with index EA19=100, meaning that all the Nordic economies and the European Union (EU28) are measured against the 19 countries in the EU who have adopted the Euro as their sole currency. Purchasing Power Standards eliminate differences in price levels between the different countries. Gross Domestic Product is 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 on Nordic Statistics: https://www.nordicstatistics.org

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Keywords: gross domestic product, gdp