Baltic Development Forum (BDF) has commissioned a report on the Baltic Sea Region economies. The report looks back at the economic journey of the BSR countries in the past 20 years. The report is written by Dr David Skilling, Director of the Landfall Strategy Group.
Over the past two decades, the Baltic Sea Region – from the Baltic states to the Nordics – has developed into an integrated, high performing economic region. It is called the ‘top of Europe’ for a good reason.
The Baltic Sea Region economies have performed strongly since 2000, out-pacing many of their European peers. As a group, they have averaged a GDP growth rate of 2.7% relative to 1.6% for the EU28 as a whole.
And even in a challenging post-crisis environment, the Baltic Sea Region economies have performed well – growing faster than many other crisis-hit European economies, as well as the broader EU group.