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Baltic Sea Report

A man and two kids jumping from a bridge into the sea.

Once a year, Swedbank Macro Research makes a general economic assessment of the countries around the Baltic Sea from a structural perspective.

The Baltic Sea Report discusses key aspects of economic competitiveness, focusing on reforms and reform needs. To this end, it calculates the Swedbank Baltic Sea structural index, which compares the current status of the countries around the Baltic Sea and identifies weaknesses and strengths. It also discusses policy developments. The report is of particular interest to medium- and large-sized companies that do business in these countries or are contemplating expansion into these markets.

Baltic Sea Report: Heart-warming growth is a poor excuse to postpone reforms


  • Growth at its cyclical peak
  • Productivity is the key to income convergence in the Baltics
  • Sustainable development – where do we stand?
  • Universal basic income – utopia or an urgent necessity?

Baltic Sea Report 2017

Baltic Sea Report: Half-hearted reforms will not raise competitiveness and boost growth


  • Mind the risks to long-term growth
  • Exports hold the key to future growth in the Baltics
  • The services sector – stronger, smarter and more diversified

Baltic Sea Report 2016

Baltic Sea Report: Geopolitical challenges require closer collaboration


  • Cooperate more to grow more
  • Income inequality and poverty: is a higher minimum wage the best answer?
  • Taxes in the Baltics: which way forward?

Baltic Sea Report 2015

Baltic Sea Report: Integrate. Compete. Grow... and repeat!


  • In search of growth
  • Baltic Sea index: the region’s structural qualities have improved, but still much to do
  • FDI in the Baltics: weaker inflows, but growing investments abroad

Baltic Sea Report 2014

Baltic Sea Report: Integrate. Compete. Grow


  • Growth in the region is set to improve after a weak 2013
  • Baltic Sea index: no gains in structural competitiveness
  • Reform push is needed to build competitiveness and growth

Baltic Sea Report 2013