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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 8% of global GDP growth in the past 10 years (2012-2022).

The European Union are home to over 0.4 billion people with an average life expectancy of 78 years and a current median age of 42 against a global average of 30.



Economics



European Union
Countries		 Revised GDP PPP
Int$, Billions		 CAGR
10 Year
Rate
%, 2012-2022		 Share of
Global
GDP
%		 Share of Global GDP Growth
%, 2012-2022		 Revised GDP Per Capita
Int$		 Government Debt to Revised GDP
%







Austria 550.1 1.1% 0.3% 0.1% 60,668 72.2%
Belgium 730.2 1.3% 0.4% 0.2% 62,576 87.2%
Bulgaria 214.5 2.4% 0.1% 0.1% 31,339 17.9%
Croatia 166.0 2.4% 0.1% 0.1% 40,886 56.1%
Cyprus 48.2 2.1% 0.0% 0.0% 39,374 73.7%
Czech Republic 496.0 2.0% 0.3% 0.2% 46,197 36.2%
Denmark 400.8 1.9% 0.2% 0.2% 68,687 27.5%
Estonia 62.9 2.9% 0.0% 0.0% 47,548 14.9%
Finland 315.3 1.0% 0.2% 0.1% 56,752 58.2%
France 3,539.0 1.0% 2.1% 0.8% 53,961 98.9%
Germany 4,982.9 1.1% 2.9% 1.2% 59,402 63.9%
Greece 419.0 0.4% 0.2% 0.0% 40,611 139.9%
Hungary 423.3 3.4% 0.2% 0.3% 44,062 60.7%
Ireland 629.0 8.7% 0.4% 0.8% 125,292 41.9%
Italy 3,184.0 0.4% 1.9% 0.2% 52,835 119.0%
Latvia 76.7 2.4% 0.0% 0.0% 41,474 36.8%
Lithuania 134.7 3.1% 0.1% 0.1% 50,605 34.7%
Luxembourg 84.7 2.6% 0.0% 0.0% 131,813 23.1%
Malta 30.6 5.3% 0.0% 0.0% 68,881 44.6%
Netherlands 1,140.8 1.7% 0.7% 0.4% 66,284 43.9%
Poland 1,673.6 3.5% 1.0% 1.1% 44,345 39.8%
Portugal 441.3 1.5% 0.3% 0.1% 43,519 95.3%
Romania 763.7 3.8% 0.4% 0.5% 40,127 40.1%
Slovak Republic 200.5 1.7% 0.1% 0.1% 36,722 52.7%
Slovenia 110.2 2.8% 0.1% 0.1% 53,042 56.2%
Spain 2,301.6 1.2% 1.3% 0.6% 49,264 93.6%
Sweden 644.6 2.0% 0.4% 0.3% 63,081 29.5%

European Union
Totals / Averages:		 23,763.8 N/A 13.9% 7.6% 56,272* 57.7%*


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 B 9.1 82 42.8 100.0 48.9
Belgium B 11.7 82 40.9 100.0 43.5
Bulgaria C 6.8 72 44.5 85.6 42.7
Croatia C 4.1 78 43.7 86.7 43.5
Cyprus B 1.2 81 37.6 100.0 56.2
Czech Republic B 10.7 78 42.6 100.0 42.6
Denmark B 5.8 81 41.3 100.0 42.7
Estonia D 1.3 77 41.5 40.0 41.7
Finland C 5.6 82 42.4 100.0 37.9
France A 65.6 83 41.6 100.0 36.9
Germany B 83.9 81 44.9 100.0 43.6
Greece B 10.3 80 44.7 100.0 42.3
Hungary D 9.6 75 42.7 40.0 46.2
Ireland A 5.0 82 37.6 100.0 46.8
Italy B 60.3 83 46.8 100.0 42.9
Latvia D 1.8 74 43.6 53.3 40.7
Lithuania C 2.7 74 43.7 43.3 44.3
Luxembourg B 0.6 83 38.7 100.0 55.8
Malta B 0.4 84 39.0 100.0 52.9
Netherlands B 17.2 82 41.7 100.0 45.1
Poland A 37.7 69 40.9 78.9 48.0
Portugal B 10.1 77 45.0 100.0 44.0
Romania C 19.0 79 41.9 84.4 46.3
Slovak Republic D 5.5 83 40.6 40.0 50.5
Slovenia A 2.1 75 43.2 100.0 44.5
Spain B 46.7 62 43.9 100.0 48.5
Sweden B 10.2 70 39.5 100.0 39.2

European Union
Totals / Averages:		 N/A 445.2 78* 42.1* 87.1* 45.1*


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 64.6 7.1 0% 12 93.8 71
Belgium 95.7 8.1 0% 12 83.2 73
Bulgaria 42.6 6.8 0% 11 51.8 43
Croatia 17.7 3.7 0% 12 59.7 50
Cyprus 7.6 0.8 0% 12 67.4 52
Czech Republic 97.1 12.5 0% 13 78.6 56
Denmark 29.6 7.8 0% 13 97.2 90
Estonia 10.4 1.1 0% 14 85.5 74
Finland 37.6 4.7 0% 13 100.0 87
France 306.0 58.2 0% 12 82.4 72
Germany 674.8 49.5 0% 14 89.7 79
Greece 56.3 9.0 0% 11 60.8 52
Hungary 48.4 6.9 0% 12 65.0 42
Ireland 37.6 15.6 0% 12 87.9 77
Italy 328.7 44.7 0% 11 59.0 56
Latvia 7.3 1.9 0% 13 75.3 59
Lithuania 13.9 2.9 0% 14 78.2 62
Luxembourg 8.4 0.6 0% 13 93.8 77
Malta 1.7 0.2 0% 12 72.6 51
Netherlands 141.0 15.5 0% 13 92.7 80
Poland 328.6 28.7 0% 9 63.0 55
Portugal 40.8 11.2 0% 13 78.8 62
Romania 79.3 16.6 0% 10 62.1 46
Slovak Republic 35.3 4.4 0% 12 69.0 53
Slovenia 12.6 1.7 0% 13 76.4 56
Spain 233.7 38.8 0% 11 72.9 60
Sweden 35.8 4.7 0% 10 92.6 83

European Union
Totals/Averages:		 2,793.0 363.7 N/A 12* 77.4* 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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