Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced in a country. GDP is often expressed per capita and for comparison between countries it is often measured in Purchasing power standard (PPS) per capita. PPS is an artificial currency unit where one PPS theoretically can buy the same amount of goods and services in each country.

Economic growth can be measured as the change in GDP compared with the GDP previous quarter. The growth rate is calculated on the basis of chain linked volumes (GDP in constant prices) which removes the impact of price changes and shows the volume change in GDP.

Annual economic growth rate displays the change in GDP compared with the GDP previous year. The growth rate is calculated on the basis of chain linked volumes (GDP in constant prices).

Harmonised index of consumer prices (HICP) is a standardized measurement used for comparison of inflation rates between countries. HICP is used by the European Central Bank to measure inflation in the Eurozone and the European Union. The index reflects the change in price development between the current month and the same month the previous year.

The harmonised index of consumer prices (HICP) is hereby presented on an annual basis as an index (2015=100)

Old age dependency ratio is a measurement that describes the ratio between the number of individuals over the age of 65 years to the number of individuals aged 20-64 years, expressed as a percentage. A higher ratio implies a larger elderly population in relation to the working age population. 

Both historical and projected values are displayed. Projected values are based on official population projections in the Nordic countries and are visualized with dotted lines. 

The number of employed individuals in an age group divided by the number in the total population in the same age group gives the employment rate. Usually, the age group 20-64 years is used, but any age group can be used. It can also be calculated, for example, only for women or for any subpopulation.

The employment rate can also be calculated by different time frames, as in the figure below where the employment rate is presented on a quarterly basis. The following figures in this section is presented on an annual basis. Please note that quarterly and annual rates will differ slightly due to different time periods being used as basis for calculations.

The share of employed individuals in the total population aged 20-64 years on an annual basis. Note that the figures for Greenland refer to the age group 20-65 years from 2017. 

The share of employed men and women in the population aged 20-64 years. 

The share of employed individuals in the total population aged 65-69 years. 

The share of employed men and women in the population aged 65-69 years. 

The share of employed individuals in the age group 20-64 years by three aggregated educational attainment levels. Based on the International Standard Classification of Education (ISCED) 2011. 

The share of employed individuals in the age group 20-64 years by citizenship status. 

The number of unemployed individuals in an age group divided by the number in the labour force in the same age group gives the unemployment rate. Any age group can be used and it can also be calculated, for example, only for women or for any subpopulation.

The unemployment rate can also be calculated for different time frames, as in the figure below where it is presented on a monthly basis for the age group 15-74 years. Please note that monthly and annual rates will differ slightly due to the different time periods used for calculations.

The share of unemployed individuals in the labour force  aged 20-64 years on an annual basis. Note that the figures for Greenland refer to the age group 20-65 years from 2017. 

The share of unemployed men and women in the labour force aged 20-64 years. Data for 2023 is pending for Greenland and Åland. 

Long-term unemployment rate is defined in the same way as unemployment rate but concerns individuals that are long-term unemployed. A person who has been unemployed for one year, or more, is considered long-term unemployed. The duration of unemployment is the duration of the search for employment or the length of the period since the person last worked; whichever period is shorter.

Note that figures for Faroe Islands refer to the age group 16-66 years. Data for Iceland is missing 2016-2019 due to low reliability. 

The share of long-term unemployed men and women in the labour force aged 20-64 years. Note that figures for Faroe Islands refer to the age group 16-66 years. Data is missing for women in Iceland in 2023.

Share of young people aged 15-29 years neither in employment nor in education and training, abbreviated as NEET rate, here presented by quarter. The EU has set an EU-level target of 9 percent as a goal for 2030.

Share of young people aged 15-29 years neither in employment nor in education and training, abbreviated as NEET rate. 

Share of young men and women aged 15-29 years neither in employment nor in education and training (NEET rate). 

Activity limitation refers to long-standing limitation in performing usual activities due to one or more health problems. The limitation should have lasted for at least  six months and is based on self-reported activity limitation grouped into categories; none, some or severe.

A fatal accident at work is defined as an accident that leads to the death of a person within one year of the accident. The figures are expressed as incidence rates which refers to the number of accidents per 100 000 workers.

There were no registered fatal work-related accidents in Iceland 2011-2013. In 2021 however, the value is zero due to a potential bug in Eurostats IT-system. 

A non-fatal accident at work is defined as an accident resulting in more than 3 days absence from work. Note that in 2020 and 2021, many COVID-19 cases were reported as accidents at work in Denmark.

The value is zero for Iceland in 2021 due to a potential bug in Eurostats IT-system.

Fatal accidents at work per NACE activity describes the occurrence of fatal accidents within economic activities in the EU. The five economic activities with the highest mean incidence rates in the Nordic countries 2019-2021 are presented. 

As a help for interpretation we can note that Norway reported 24.4 fatal accidents per 100,000 workers in the sector 'Agriculture, forestry and fishing' in 2021.

Non-fatal accidents at work per NACE activity describes the occurrence of non-fatal accidents within economic activities in the EU. The five economic activities with the highest mean incidence rates in the Nordic countries 2019-2021 are presented (excluding the NACE activity 'Activities of extraterritorial organisations and bodies' due to voluntary reporting of this activity). 

As a help for interpretation Denmark reported 4 554.4 non-fatal accidents per 100,000 workers in the construction sector in 2021.

Share of employed individuals aged 16-64 years who declare that they have been absent from work for the whole reference week. 

Share of employed men and women aged 16-64 years who declare that they have been absent from work for the whole reference week.