The Economy of the North 2008
provides an excellent overview of the dynamics of Arctic economies. This map shows per capita Gross Regional Product (2005 USD-PPP), calculated from official national statistics agencies data, revealing large disparities between resource rich and other Arctic regions.
"In resource rich Arctic regions of United States, Canada and Russia the Gross regional product (GRP) per capita is considerably higher than in non-Arctic regions (Figure 3.6). In Russia the GRP per capita in Arctic regions is as much as 3 times higher than in the rest of the country, reflecting the presence of huge petroleum and mineral industries in Arctic Russia. In Norway, where revenue from oil and natural gas extraction is generated in non-Arctic regions, the difference in favour of non-Arctic regions is large. Sweden, Finland and Denmark also have higher GRP per capita in the non-Arctic regions, although the difference is much smaller than in Norway. GRP per capita in Iceland matches the circumpolar average, and among Arctic regions, only Arctic Canada and Alaska had higher GRP per capita." (Economy of the North 2008, p. 30)
Source: Economy of the North 2008
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