Baltic countries in the EU and in the euro area under the economic crisis
ENIn this paper we analyze economic activity and trade of the Baltic countries – EU member states (i.e. Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland and Sweden) making up ca. 30% of EU-27 GDP and almost 40% of the euro area GDP. We used UNCTAD data for the years 1999 – 2009 to measure economic performance of these countries, with the focus on the current economic crisis. The changes of GDP and GDP per capita as well as real growth rates of the EU – Baltic countries are analyzed. Furthermore, the trade in goods and services is measured. Additionally, the changes of the economic openness are discussed, as it is essential for evaluation of the respective countries’ gains from the international trade. The economic performance of the analyzed countries is presented in a broad perspective of the results achieved by the whole European Union (EU-27) and the euro area.
