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European Union

27 COUNTRIES MAKE UP THE EUROPEAN UNION

World Economics has combined 27 countries to represent the European Union. Overall these countries account for 14% of Global GDP and 5% of global GDP growth in the past 10 years (2011-2021).

The European Union are home to over 0.4 billion people with an average life expectancy of 80 years and a current median age of 43 against a global average of 31.



Economics




European Union
Countries
Revised GDP PPP
Int$, Billions
CAGR
10 Year
Rate
%, 2011-2021
Share of
Global
GDP
%
Share of Global GDP Growth
%, 2011-2021
Revised GDP Per Capita
Int$
Government Debt to Revised GDP
%







Austria 525.4 0.7% 0.3% 0.1% 58,098 76.2%
Belgium 713.0 1.2% 0.4% 0.2% 61,297 91.0%
Bulgaria 206.4 2.1% 0.1% 0.1% 29,923 18.6%
Croatia 156.7 1.6% 0.1% 0.1% 38,397 61.6%
Cyprus 46.5 1.4% 0.0% 0.0% 38,287 81.5%
Czech Republic 486.9 1.8% 0.3% 0.2% 45,402 36.7%
Denmark 390.6 1.7% 0.2% 0.1% 67,196 31.8%
Estonia 62.2 3.1% 0.0% 0.0% 46,960 14.4%
Finland 308.6 0.7% 0.2% 0.0% 55,628 57.8%
France 3,449.3 0.8% 2.1% 0.6% 52,721 99.6%
Germany 4,890.0 1.0% 3.0% 1.0% 58,283 62.6%
Greece 398.3 -0.9% 0.2% -0.1% 38,403 157.1%
Hungary 400.4 2.7% 0.2% 0.2% 41,565 62.3%
Ireland 577.1 7.8% 0.3% 0.7% 115,807 49.2%
Italy 3,064.5 -0.3% 1.9% -0.2% 50,764 122.0%
Latvia 74.8 2.5% 0.0% 0.0% 40,057 36.6%
Lithuania 132.3 3.3% 0.1% 0.1% 49,200 36.8%
Luxembourg 83.3 2.6% 0.1% 0.0% 131,256 22.1%
Malta 28.8 5.1% 0.0% 0.0% 65,018 44.2%
Netherlands 1,094.9 1.2% 0.7% 0.3% 63,754 47.5%
Poland 1,587.8 3.1% 1.0% 1.0% 42,010 44.0%
Portugal 415.4 0.4% 0.3% 0.0% 40,853 105.9%
Romania 728.7 3.5% 0.4% 0.5% 38,096 41.5%
Slovak Republic 197.0 1.7% 0.1% 0.1% 36,069 55.0%
Slovenia 104.3 2.0% 0.1% 0.0% 50,163 60.1%
Spain 2,187.8 0.4% 1.3% 0.2% 46,803 97.7%
Sweden 628.3 1.6% 0.4% 0.2% 61,838 32.4%

European Union
Totals / Averages:
22,939.3 N/A 13.8% 5.4% 54,217* 61.0%*


World Economics revised GDP data removes serious errors in GDP measurement.
Revised GDP data can be used to analyse and compare country investment potential, but other hidden faults may still be present in source GDP data. Learn more...


Notes:
  • GDP data includes estimates for the Informal Economy, and updated Base Years, to improve the often imperfect quality of European Union data.
  • Debt-to-GDP ratio is total gross government debt as a proportion of revised GDP.
  • Data with an astrix (*) represents an average for all countries.
  • Offical GDP data quality is often poor in Emerging Market countries. See data quality for individual countries.







Demography




Emerging Market
Countries
Population
Data Quality
Grade
Total
Population
Millions
Life Expectancy
Years
Median
Age
Years
Statistical Capacity
0-100 Index
Age Dependency
Total






Austria A 9.0 82 43.5 100.0 49.4
Belgium A 11.6 82 41.9 100.0 43.0
Bulgaria B 6.9 75 44.6 85.6 43.4
Croatia B 4.1 78 44.3 86.7 44.3
Cyprus B 1.2 81 37.3 100.0 55.1
Czech Republic B 10.7 79 43.2 100.0 44.0
Denmark A 5.8 81 42.3 100.0 42.7
Estonia C 1.3 79 42.4 40.0 41.6
Finland B 5.5 82 43.1 100.0 37.6
France A 65.4 83 42.3 100.0 37.6
Germany A 83.9 81 45.7 100.0 44.6
Greece B 10.4 82 45.6 100.0 43.9
Hungary D 9.6 77 43.3 40.0 47.2
Ireland A 5.0 82 38.2 100.0 45.2
Italy A 60.4 84 47.3 100.0 43.0
Latvia C 1.9 75 43.9 53.3 41.0
Lithuania C 2.7 76 45.1 43.3 43.5
Luxembourg B 0.6 82 39.7 100.0 57.2
Malta B 0.4 83 42.6 100.0 44.5
Netherlands B 17.2 82 43.3 100.0 44.4
Poland A 37.8 79 41.7 78.9 48.6
Portugal B 10.2 82 46.2 100.0 44.2
Romania B 19.1 76 43.2 84.4 46.7
Slovak Republic C 5.5 78 41.2 40.0 52.4
Slovenia A 2.1 81 44.5 100.0 44.1
Spain B 46.7 84 44.9 100.0 47.6
Sweden B 10.2 83 41.1 100.0 38.8

European Union
Totals / Averages:
N/A 445.3 80* 43.1* 87.1* 45.0*


Notes:
  • Data with an astrix (*) represents an average for all countries.
  • Statistical Capacity Index numbers shown on a scale of 0-100.
    0 = Low level of resources, 100 = High level of resources.


Key:
Data Quality Grade definitions:
         A: As good as it gets;
         B: Use with caution;
         C: Unreliable for many purposes
         D: Extremely poor quality.








Environmental, Social and Governance




Emerging Market
Countries:
Carbon Emissions
Total MTCo2e
Methane Emissions
Total MTCo2e
Population in Poverty
% of Pop
Years of Schooling
Years
Rule
of Law
0-100 Index
Corruption Levels
0-100 Index






Austria 68.5 6.7 <0.1% 13 93.4 74
Belgium 99.7 8.2 <0.1% 12 82.5 73
Bulgaria 42.0 6.9 <0.1% 11 46.5 42
Croatia 17.9 3.8 <0.1% 11 55.9 47
Cyprus 7.3 0.7 <0.1% 12 63.0 53
Czech Republic 101.0 12.4 <0.1% 13 74.8 54
Denmark 32.1 7.1 <0.1% 13 94.6 88
Estonia 13.9 1.1 <0.1% 13 82.8 74
Finland 41.7 4.2 <0.1% 13 100.0 88
France 323.6 58.3 <0.1% 12 81.4 71
Germany 702.0 53.4 <0.1% 14 87.1 80
Greece 67.2 9.7 <0.1% 11 56.6 49
Hungary 49.1 7.1 <0.1% 12 61.3 43
Ireland 37.1 16.8 <0.1% 13 85.7 74
Italy 337.1 43.7 <0.1% 10 54.6 56
Latvia 8.3 1.9 <0.1% 13 72.3 59
Lithuania 13.5 3.2 <0.1% 13 73.2 61
Luxembourg 9.8 0.5 <0.1% 12 93.0 81
Malta 1.6 0.2 <0.1% 11 71.3 54
Netherlands 154.8 17.3 <0.1% 12 92.1 82
Poland 322.6 47.5 <0.1% 13 62.0 56
Portugal 48.6 11.3 <0.1% 9 77.9 62
Romania 75.1 23.8 <0.1% 11 57.8 45
Slovak Republic 33.3 4.4 <0.1% 13 65.4 52
Slovenia 13.7 2.0 <0.1% 13 75.0 57
Spain 252.7 39.9 <0.1% 10 70.9 61
Sweden 42.8 4.6 <0.1% 13 93.3 85

European Union
Totals/Averages:
2,916.7 396.8 N/A 12* 75.0* 64*


Notes:
  • Data with an astrix (*) represents an average for all countries.
  • Index numbers shown on a scale of 0-100.
    Rule of Law: 0 = low rule of law, 100 = High rule of law.
    Corruption Perceptions Index: 0 = High levels of corruption, 100 = Low levels of corruption.
  • Total Carbon and Methane data expressed in MTCo2e (Million Metric Tons of CO2 equivalent)
  • Data with an astrix (*) represents an average for all countries.



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