Economic growth from a European perspective
Economic trends in a region are often measured by what is known as gross regional product GRP, the regional equivalent to gross domestic product (GDP). GRP is the total value of goods and services produced during one year. During the period when comparable data has been available (1995 - 2006) economic growth in the Öresund region has only been slightly better than the average for the EU25 area, 32 and 30 percent respectively. In one comparison with the Helsinki region and Stockholm country, economic growth was considerably weaker in the Öresund area. During the period 1995 - 2006, Helsinki had a GRP growth of 70 percent and Stockholm of 60 percent. Due to a long delay in the regional economic statistics, information on GRP is unfortunately missing after 2006. However, information from OECD on GDP growth on a national level supports the tendency that the Helsinki and Stockholm regions as well as Region Skåne have had better growth than the Capital Region of Denmark and Region Zealand even during 2007 and 2008. Since 2000, growth in Finland and Sweden has been stronger than in Denmark. Information on development of regional development and gross pay is available up until 2007, and indicates a strong connection between national economic development and the studied regions in recent years.
- Growth in Gross Regional Product (GRP) and GRP per employed in Öresund compared to the EU25 1995-2006 (Constant prices, reference year 2000)
Source: Eurostat. Calculated in constant prices by Region Skåne
Labour productivity from a European perspective
Labour productivity is usually measured as increased production per hours worked. This is not possible on the regional level. Instead, we must use the rougher measurement of value added per employed person. From 1995 to 2006, growth of labour productivity in the Öresund region has been somewhat better that the average for the EU25 area, 20 and 16 percent respectively. Compared to the Helsinki region and Stockholm county, development has been somewhat weaker in the Öresund region. During the period 1995-2006, Helsinki had a GRP growth per employed person of 32 percent and Stockholm close to 44 percent, while the Öresund region had a growth of about 20 percent.- Gross Regional Product in the Öresund region compared to the EU25 1995 - 2006. EUR millions (Constant prices, reference year 2000)
Source: Eurostat. Calculated in constant prices by Region Skåne.
- Gross regional product per employed in the Öresund region compared to EU25 1995-2006. EUR (Constant prices, reference year 2000)
Source: Eurostat. Calculated in constant prices by Region Skåne.
