2015
DOI: 10.13165/ie-14-8-2-03
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Purchasing power and value of the average wage in the Baltic States

Abstract: Abstract. Before the financial crisis, the Baltic States had the highest growth rate of the Gross domestic product (hereinafter -GDP) in the European Union. Also, these States were called "the Baltic tigers". During the crisis, the decline of GDP was the highest in the Baltic States. After the crisis, economic indicators of Estonia economy had the highest growth rates in the European Union. Such progress and life quality in Estonia surprises the other two neighboring Baltic States -Latvia and Lithuania. Howeve… Show more

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