GDP growth rate in the Nordics 2012-2022, by country
From 2011 to 2019, the gross domestic product (GDP) of all five Nordic countries except Finland grew every year. Finland had a negative growth rate between 2012 and 2014. However, after the outbreak of COVID-19 in 2020, GDP growth rates in all five countries were negative. Relatively speaking, Iceland's economy was hit the hardest, whereas Norway's decrease was least dramatic. As of October 2022, GDP growth was estimated to be positive in all five countries with Iceland showing the highest growth rate at five percent.
