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KEY01: Economic key-figures for the Nordic countries by indicator, reporting country and time

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5/14/2024
Percent, euro PPS, percent of GDP and percent change
3/13/2025
9/28/2017
OECD (Effective exchange rate, % change from previous year) [OECD] (Denmark, Finland, Iceland, Norway, Sweden, EA).
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Mandatory
Field for searching for a specific value in the list box. This is examples of values you can search for.Economic growth rate, % , GDP per capita, euro PPS , Unemployment rate, % ,

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Field for searching for a specific value in the list box. This is examples of values you can search for.Denmark , Faroe Islands , Greenland ,

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Mandatory
Field for searching for a specific value in the list box. This is examples of values you can search for.1980 , 1981 , 1982 ,

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Economic growth, % change from previous year from NAAC02.

GDP per capita, euro PPS from NAAC04.

Unemployment rate, % from WORK02 except Åland which come from Statistics Åland [AR005].

Public balance, % of GDP from PUBS14.

Public gross debt, % of GDP from PUBS14.

Inflation rate, % from PRIC01 and PRIC06.

Interest rate, % from SHAR02.

Share prices indices, % change from previous year from SHAR01.

Effective exchange rate, % change from previous year from OECD Economic Outlook (table: No 105)

indicator

Economic growth rate, %

Percentage change in GDP (in constant prices) from previous year. Source: Eurostat tec00115 (DK, FI, IS, NO, SE, EA and EU). Greenland: The Advising Committee related to Greenland's economy. Åland: ÅSUB.

We do not currently have any information for The Faroe Islands regarding this indicator.

GDP per capita, euro PPS

Gross Domestic Product (GDP) in euro (PPS) per person. Source: Martrix NAAC04/Eurostat and ÅSUB.

We do not currently have any information for The Faroe Islands regarding this indicator.

Figures are not currently available for Greenland.

Unemployment rate, %

Harmonized unemployment rates. Average of year. 15-64 years unless otherwise stated.

Source: Denmark, Finland, Norway and Sweden: Eurostat-data (LFS). LFS adopted a new methodology from 2021 onwards, leading to a break in time series for all countries in 2021. For more information, please see this article.

Iceland: Iceland Statistics.

Faroe Islands: Faroe Islands statistics (however 1990- 1994 data on the unemployment in the Faroe Islands are based on estimates published by the Danish Central Bank).

Greenland: Greenland Statistics. Prior to 2017: 18-64 years. 2017 and after: 18-65 years.

Åland: Åland Statistics. The unemployment figures in this matrix originate from The Åland Labor Market and Study Service Authority (AMS), which covers the unemployed population out of the labour force in the age span 15-74 years. Data from this authority are published monthly by Åland statistics and the yearly figures presented in this matrix are calculated as an average over the year. Figures for Åland differ from the unemployment rate presented in WORK02, which is based on register data by the end of each reference year. Note that the unemployment rate for Åland in WORK02 have a substantially longer production time (published about 22 months after the end of the reference year).

Net borrowing, % of GDP

Surplus (or deficit) at total general government budget (general government net lending (+) or borrowing (-)) in percent of GDP. Also reffered to as Public balance.

Figures are not currently available for Greenland or Åland.

Consolidated gross debt, % of GDP

Total public gross debt (General government consolidated gross debt) at the end of the year in percent of GDP.

Inflation rate, %

Percent change from previous year in average of year of harmonized indices of consumer prices (HICP).

HICP differs from the national consumer price indices (CPI) mainly in coverage as owner occupied housing is excluded.

Iceland and Norway: For the years 1990-95: Change in the average of national consumer prices indices.

Source: Denmark, Finland, Iceland, Norway, Sweden, EA and EU: PRIC06 .

The Faroe Islands, Greenland and Åland: Data from PRIC01 (based on the National Statistical Institutes national consumer price indices).

Interest rate, %

10-year benchmark government bond yields, where available (Denmark, Finland, Norway and Sweden) or yield on approximately similar financial instruments (Iceland).

We do not currently have any information for The Faroe Islands regarding this indicator.

Not applicable for Greenland or Åland.

Share prices indices, % change from previous year

Percent change in average annual overall share price indices from previous year.

Not applicable for Greenland, The Faroe Islands or Åland since they lack a stock market of their own.

Effective exchange rate, % change from previous year

EA here refers to EA17. Percent change from previous year in annual average of nominal effective exchange rate indices. For information on the calculation methods of this indicator, please refer to the OECD-source and related documentation. Note: EA for effective exchange rate refers to the OECD Euro Area consisting of 17 countries: Austria, Belgium, Estonia, Finland, France, Germany , Greece, Ireland, Italy, Luxembourg, Latvia, Lithuania, The Netherlands, Portugal, Slovak Republic, Slovenia and Spain.

Not data available for Greenland, The Faroe Islands or Åland.

reporting country

Finland

Includes Åland.

EA

EA refers to the euro area, with a fixed area composition of the current 20 countries (EA20, from 2023) for all variables except Effective exchange rate where EA17 is used.

EU

From June 2020: EU refers to EU27_2020, which is the European Union with a fixed area composition of the current 27 countries.