During the third quarter of this year, Sweden’s Gross Domestic Product increased by 6.9 percent compared to the same period the previous year. Read the full story

The Danish Prime Minister, Lars Lokke Rasmussen, has declared that his country will embark on a range of ambitious projects aimed at increasing the national GDP over the next decade. Read the full story

Iceland’s economic outlook is slightly better than previously forecast and it looks like there will be no contraction of GDP next year, according to Gylfi Magnusson, the country’s Minister for Trade. Read the full story

Statistics Sweden recently announced that the country’s gross domestic product (GDP) increased 2.8 percentage points in the fourth quarter of last year, compared with the same period in 2006.

In comparison with the third quarter of 2007, seasonally adjusted GDP increased 0.8 percentage points.

Statistics Sweden (SCB) attributed much of the growth to increased household consumption levels and gross fixed capital formation.

Household consumption expenditure was up by 3.2 percentage points in the quarter while gross fixed capital formation increased 7.5 percentage points.

Exports were also up by 4.9 percentage points, while imports increased by 7.5 percentage points. Total employment also increased by 3.6 percentage points.

Industrial production increased by 4 percent. The figure can be broken down into total production of goods, which increased by 3.7 percent and service sector industries, which saw a 4.2 percent increase.