The Baltic region is located in the south-east of the Nordic region (Finland, Sweden and Norway), and in the east of the Baltic sea. The region consist of the three Baltic states (Lithuania, Latvia and Estonia).
| Baltic sea region | ||||||
| Baltic | Nordic | |||||
| Lithuania | Latvia | Estonia | Finland | Sweden | Norway | |
| Real GDP growth rate (2017) | 3,8 | 4,5 | 4,9 | 2,1 (2016) | 2,4 | 1,8 |
| Corporate Tax 2018 (EU average – 21,82%) | 15 | 20 | 20 | 20 | 22 | 23 |
| Unemployment (%) | 8,1 | 9,4 | 7,3 | 8,6 | 7,2 | 4,5 |
| Average Salary (Eur) | 693 | 738 | 957 | 2507 | 2570 | 3405 |
| Source: | Eurostat, 2018 | Deloite TAX Rates 2018 | World Bank 2017 | |||
The Baltic states is famous for information technologies solutions, shared service centers, top notch technologies, (BioTech, Life Sciences), manufacturing, and excellent infrastructure for logistics & distribution.