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State of the Nordic Region 2018

image of State of the Nordic Region 2018

State of the Nordic Region 2018 gives you a unique look behind the scenes of the world’s most integrated region, comprised of Denmark, Finland, Iceland, Norway and Sweden, along with Greenland, the Faroe Islands and Åland. The report presents a series of facts and figures showing the current state of play within core socioeconomic sectors, including demography, economy, the labour force and education. In addition, you can read about the latest developments within the Nordic bioeconomy, get the status of Nordic digitalisation as well as the latest on health and welfare, plus culture and the arts. State of the Nordic Region 2018 is published by the Nordic Council of Ministers and produced by Nordregio, an international research center for regional development and planning established by the Nordic Council of Ministers, along with the Nordic Welfare Center and Nordic Agency for Cultural Policy Analysis.

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Employment - Labour force participation and productivity of Nordic labour markets

A well-functioning labour market with a high participation rate is a top priority for any country, region or municipality. To work means to be involved in the production of goods and services making the labour market a vital component of the economy. For both the state and local governments, the taxation of labour is often a major source of income. Employment is also seen as important from a social perspective since it provides individuals and families with an income while exclusion from the labour market is often associated with the risk of poverty and social exclusion. In the context of the EU2020 strategy, the employment rate is thus viewed as a primary social indicator, while in the UN2030 agenda for sustainable development one of the primary goals is to promote full and productive employment and decent work for all.

English

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