Nordic countries
Estonia To Catch Up Income Level like in Scandinavia in next 9-14 years
| 4 viewsLast year I red an excellent article pointing out that income level in Estonia could reach level its in Scandinavia in next 10-15 years. Although this article made me smile, I decided to compare - is it real for Estonia to reach level like that? Since its almost a year since I wrote that article - I decided to compare again and see how Estonia is…
Estonia to catch up Scandinavia in next 10-15 years
| 5 viewsI have red some interesting article on Estonian Public Broadcasting (news.err.ee) in which professor of economics, at Tartu University, Raul Eamets predicts that it will take 10-15 years for Estonian incomes to catch up with those of Nordic countries. Income level is not the same as GDP, but knowing GDP we can tell something about income level…
Comparing the Economy of Nordic Countries: 2012 GDP and Per Capita Results
| 5 viewsThe Nordic region, consisting of Denmark, Finland, Iceland, Norway, and Sweden, is known for its high standard of living and robust economies. In 2012, these countries combined had a total GDP of 1.603 trillion USD, which is a significant number compared to other regions such as the Baltic states or the Caucasus. When looking at the GDP of each…