The strong growth in the economy of northern Europe has a significant impact on the economy in the European Union

 

 

A considerable part of EU´s supply of primary goods originates from

the industry in northern Europe. e growth is strong and the net

export values are very important for the Swedish as well as the European

economy. EU’s supply of strategic resources and goods is a vital issue

and is therefore given much attention. e industry in northern Sweden

and Finland are very important in many industrial areas, especially the

dominating forest-based and mining/metal industries.

 

Sweden’s industrial production value in the northern parts has, between

2001-2006 increased by 17,3 percent, compared to a national increase

by 10,9 percent. e industry accounts for 18 billion Euros worth of

value. After industrial re-nement, a large portion of this is exported.

The industrial production value in the north of Finland increased during

the same period with 28 percent, compared to a national increase of 20

percent. The Finnish production value of 2007 was 33 billion Euros.