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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

Real GDP growth rate You or your institution have access to this content

Nordic Council of Ministers

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This indicator shows the growth of real GDP for each of the Nordic countries and for the 28 EU member countries (EU28) as a whole. The indicator allows for comparisons of the dynamics of economic development both over time and between economies of different sizes. The GDP is expressed in euros and in chain-linked volumes. Chain-linked volumes refer to the level of gross domestic product (GDP) expressed in the price terms of a base period (normally a year, here 2010). While account has been taken of the inflation, it should be noted that year-to-year changes in the exchange rates between national currencies and the euro influence the growth rates. For more information:

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