Economic situation, structure and performance

Diagram 1.2

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The GDP per capita in the STRING region is more than  50 % higher than the EU average, with the traditional picture that GDP per capita is higher in the bigger cities, Hamburg and Copenhagen, than in other parts of the STRING geography.

 

Table 1.3

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The gross value added in the STRING region is well above the EU average. It is highest in the city regions, Hamburg and the Capital Region of denmark, and lowest in some areas of Schleswig-Holstein and Region Zealand.

 

Diagram 1.3

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Trade, transport and the service sector are dominating in the large city regions, accounting for two thirds of the value added in Hamburg and 60 % in the Capital Region of denmark. Predominant actors in the trade and transport sector are the Port of Hamburg, Hamburg Airport, Copenhagen-Malmö Port and Copenhagen Airport Kastrup.

Agriculture, as well as the manufacturing industry, is concentrated to areas in Schleswig-Holstein, Region Zealand and Region Skåne. In these areas there is a considerable industry connected to the agriculture,  and examples of big companies in the food sector is  H.& J. Brüggen (Lübeck), Nordic Sugar (Lolland-Falster and Skåne) and Pågen (Malmö).

 

Table 1.4

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Diagram 1.4

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Germany is the most important trading partner for both Sweden and Denmark, while Scandinavia in total is the seventh biggest trading partner for Germany. There is a significant difference between the federal states in terms of trade levels with Scandinavia. The West German federal states have a greater trade with Scandinavia than the East German ones, and the Northern states have a larger trade with Scandinavia than the Southern ones.

 

Tabel GDP Annual real change 2016

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