Northern Europe with Estonia and Finland topping the list among the OECD countries in Europe. Northern Europe Northern Europe is the general term for the geographical region in Europe that is approximately north of the southern coast of the Baltic Sea. Nations usually included within this region are Denmark, Estonia, the Faroe Islands, Finland, Iceland, Latvia, Lithuania, Norway and Sweden, and less often the United Kingdom, the Republic of Ireland, northern Germany, northern Belarus and northwest Russia. Narrower definitions may be based on other geographical factors such as climate and ecology. A broader definition would include the area north of the Alps.
Economy of Estonia promising in Europe. In 2011, the real GDP growth in Estonia was 8.0%, and according to the projections made by the CEPII, by 2025 the GDP per capita could rise to the level of Nordic economies of Sweden, Finland, Denmark, and Norway. According to the same projections, by 2050, Estonia could become the most productive country in the EU, after Luxembourg, and thus join the top five most productive nations in the world. Until the early 13th century, the territory that is now known as Estonia was independent. The economy was largely an agricultural one, but Estonia being a country