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Encyclopedia > Economy of the European Union
Economy of the European Union
Currency 1 Euro (€) = 100 cents

Other currencies in member states
Bulgarian lev • Cypriot pound • Czech koruna • Danish krone • Estonian kroon • Hungarian forint • Latvian lats • Lithuanian litas • Maltese lira • Polish złoty • Romanian leu • Swedish krona • Slovak koruna • Pound sterling For other uses, see Euro (disambiguation). ... ISO 4217 Code BGN User(s) Bulgaria Inflation 7. ... ISO 4217 Code CYP User(s) Cyprus (except in the self-proclaimed Turkish Republic of Northern Cyprus), Akrotiri and Dhekelia Inflation 2. ... ISO 4217 Code CZK User(s) Czech Republic Inflation 1. ... ISO 4217 Code DKK User(s) Denmark, Greenland, Faroe Islands 1 Inflation 1. ... ISO 4217 Code EEK User(s) Estonia Inflation 4. ... ISO 4217 Code HUF User(s) Hungary Inflation 8. ... The 5 lats coin, used before WWII, becamed a popular symbol of independence during the Soviet era The lats (in Latvian: lats, plural lati, the ISO 4217 currency code: LVL) is the official currency of Latvia. ... The litas (ISO currency code LTL, symbolized as Lt; plural litai or litų) is the official currency of Lithuania. ... The Maltese lira, known in the Maltese language as the Lira Maltija, is the currency of Malta. ... ISO 4217 Code PLN User(s) Poland Inflation 2. ... For the Moldovan currency, see Moldovan leu. ... ISO 4217 Code SEK User(s) Sweden Inflation 2. ... ISO 4217 Code SKK User(s) Slovakia Inflation 2. ... GBP redirects here. ...

Statistics
GDP ranking 1st (2006)
GDP (PPP) US $13.06 trillion (2006)
GDP growth rate 3.1% (2006)
GDP per capita US $29,900 (2006)
GDP by sector (2006) 70.5% services
27.3% industry
  2.1% agriculture
Inflation 1.9% (2007)
Population below poverty threshold 17%
Labour force 221.5 million
Labour force by occupation (2006) 67.0% services
27.3% industry
  4.4% agriculture
Unemployment 7.0% (May 2007)
Sources: [1] [2] [3] [4]
Trading partners
Imports US $1.466 trillion (2006)

Main import partners (2005)
China, Japan, Russia, United States The purchasing power parity (PPP) theory uses the long-term equilibrium exchange rate of two currencies to equalize their purchasing power. ... USD redirects here. ... One million million (1,000,000,000,000) is the natural number following 999,999,999,999 and preceding 1,000,000,000,001. ... Per capita is a Latin phrase meaning for each head. ... This article is about the human activity. ... The poverty threshold, or poverty line, is the minimum level of income deemed necessary to achieve an adequate standard of living. ... It has been suggested that Workforce be merged into this article or section. ... Look up million in Wiktionary, the free dictionary. ... CIA figures for world unemployment rates, 2006 Unemployment is the state in which a worker wants, but is unable, to work. ...

Exports US $1.33 trillion (ranking: 1st) (2006)

Main export partners (2005)
China, Russia, Switzerland, United States

Public finances
Public debt € 6,509.8 billion
(63.8% of GDP) (2004)
Public deficit € 270.2 billion (2004)
Expenses € 2,134.7 billion (2004)

If it is considered as a single state, the economy of the European Union's twenty-seven member states is the world's largest economy. The EU accounts for 30.3% of the world's total GDP in 2005 (World Bank figures). This page is a candidate to be copied to Wiktionary. ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... This article or section does not cite its references or sources. ... EU member states and candidates Current members There are currently 25 member states in the European Union. ... The World Bank logo The World Bank (the Bank) is a part of the World Bank Group (WBG), is a bank that makes loans to developing countries for development programs with the stated goal of reducing poverty. ...

Contents

Currency

Main articles: Euro and Eurozone

The official currency of the European Union is the euro, used in all its documents and policies. The Stability and Growth Pact sets out the fiscal criteria to maintain for stability and (economic) convergence. The euro is also the most widely used currency in the EU, which is in use in 13 member states known as the Eurozone. All other member states, apart from Denmark and the United Kingdom which have special opt-outs, have committed to changing over to the Euro once they have fulfilled the requirements needed to do so - although Sweden also has an effective opt-out by choosing when or whether to join the European Exchange Rate Mechanism which is the preliminary step towards joining. The remaining states are committed to join the Euro through their Treaties of Accession. For other uses, see Euro (disambiguation). ... The Eurozone (also called Euro Area, Eurosystem or Euroland) refers to the European Union member states that have adopted the euro currency union. ... For other uses, see Euro (disambiguation). ... The Stability and Growth Pact (SGP) is an agreement by European Union member states related to their conduct of fiscal policy, to facilitate and maintain Economic and Monetary Union of the European Union. ... Look up stability in Wiktionary, the free dictionary. ... In the absence of a more specific context, convergence denotes the approach toward a definite value, as time goes on; or to a definite point, a common view or opinion, or toward a fixed or equilibrium state. ... EU member states and candidates Current members There are currently 25 member states in the European Union. ... The Eurozone (also called Euro Area, Eurosystem or Euroland) refers to the European Union member states that have adopted the euro currency union. ...  Eurozone countries  ERM II countries  other EU countries  unilaterally adopted euro The European Exchange Rate Mechanism, ERM, was a system introduced by the European Community in March 1979, as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe, in preparation for...


Economic variation

GDP (PPP) per capita 2006
      >$30,000       >$25,000       >$20,000       >$15,000       >$10,000

Below is a table showing, respectively, the GDP (PPP) and the GDP (PPP) per capita for the European Union and for each of its 27 member states, sorted by GDP (PPP) per capita. This can be used as a rough gauge to the relative standards of living among member states, with Luxembourg and Ireland the highest; Romania and Bulgaria the lowest. Eurostat, based in Luxembourg, is the Official Statistical Office of the European Communities releasing yearly GDP figures for the member states as well as the EU as a whole, which are regularly updated, supporting this way a measure of wealth and a base for the European Union's budgetary and economic policies. Figures are stated in euro. All data for 2007 are projections. Image File history File links 655px-European_Union_GDP_per_capita_w_text. ... Image File history File links 655px-European_Union_GDP_per_capita_w_text. ... The purchasing power parity (PPP) theory uses the long-term equilibrium exchange rate of two currencies to equalize their purchasing power. ... The Statistical Office of the European Communities (Eurostat) is the statistical arm of the European Commission, producing data for the European Union and promoting harmonisation of statistical methods across the member states. ... The European Community (EC), most important of three European Communities, was originally founded on March 25, 1957 by the signing of the Treaty of Rome under the name of European Economic Community. ...


These are the official Eurostat figures, as of 21 April 2007. is the 111th day of the year (112th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...

Member States GDP (PPP) 2007
millions of
euro
GDP (PPP)
per capita 2007
euro
Percentage of EU27
average GDP
(PPP) per capita
 European Union 12,172,536 24,600 100%
1  Germany 2,340,372 28,200 115%
2  United Kingdom 1,847,105 29,400 120%
3  France 1,744,444 27,800 113%
4  Italy 1,500,475 25,500 104%
5  Spain 1,121,961 25,400 103%
6  Netherlands 530,564 32,800 133%
7  Poland 525,277 13,600 55%
8  Belgium 319,867 30,200 123%
9  Sweden 274,499 30,000 122%
10  Austria 264,472 31,900 130%
11  Greece 246,671 22,100 90%
12  Romania 208,220 9,700 39%
13  Czech Republic 207,174 20,100 82%
14  Portugal 190,882 18,200 74%
15  Denmark 171,298 31,200 127%
16  Hungary 166,031 16,200 66%
17  Ireland 157,070 35,700 147%
18  Finland 153,595 28,900 117%
19  Slovakia 88,602 16,400 67%
20  Bulgaria 71,714 10,850 41%
21  Lithuania 50,241 15,000 61%
22  Slovenia 44,040 21,800 89%
23  Latvia 33,630 14,900 61%
24  Luxembourg 31,376 69,900 284%
25  Estonia 23,919 17,900 73%
26  Cyprus 17,773 22,900 93%
27  Malta 7,824 18,600 76%
Candidate countries: (not included from EU total above)
Flag of Croatia Croatia 57,948 12,600 51%
Flag of Turkey Turkey 541,418 7,300 30%
Flag of the Republic of Macedonia Republic of Macedonia[1] 13,897 6,900 28%

Source:GDP(PPP): EUROSTAT [5]
PERCENTAGES: EUROSTAT([6]). Recalculated manually to EU27. EU member states and candidates There are currently 25 member states in the European Union. ... For other uses, see Euro (disambiguation). ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Germany. ... Image File history File links Flag_of_the_United_Kingdom. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Italy. ... Image File history File links Flag_of_Spain. ... Image File history File links Flag_of_the_Netherlands. ... Image File history File links Flag_of_Poland. ... Image File history File links Flag_of_Belgium_(civil). ... Image File history File links Flag_of_Sweden. ... Image File history File links Flag_of_Austria. ... Image File history File links Flag_of_Greece. ... Image File history File links Flag_of_Romania. ... Image File history File links Flag_of_the_Czech_Republic. ... Image File history File links Flag_of_Portugal. ... Image File history File links Flag_of_Denmark. ... Image File history File links Flag_of_Hungary. ... Image File history File links Flag_of_Ireland. ... Image File history File links Flag_of_Finland. ... Image File history File links Flag_of_Slovakia. ... Image File history File links Flag_of_Bulgaria. ... Image File history File links Flag_of_Lithuania. ... Image File history File links Flag_of_Slovenia. ... Image File history File links Flag_of_Latvia. ... Image File history File links Flag_of_Luxembourg. ... Image File history File links Flag_of_Estonia. ... Image File history File links Flag_of_Cyprus. ... Image File history File links Flag_of_Malta. ... The European Union (EU) was created by six founding states in 1957 (following the earlier establishment by the same six states of the European Coal and Steel Community in 1952) and has grown to 27 member states. ... Image File history File links Flag_of_Croatia. ... Image File history File links Flag_of_Turkey. ... Image File history File links Flag_of_Macedonia. ... For an explanation of terms related to Macedonia, see Macedonia (terminology). ...


Economies of member states

Economic performance varies from state to state. The Growth and Stability Pact governs fiscal policy with the European Union. It applies to all member states, with specific rules which apply to the eurozone members that stipulate that each state's deficit must not exceed 3% of GDP and its public debt must not exceed 60% of GDP. However, many larger members have consistently run deficits substantially in excess of 3%, and the eurozone as a whole has a debt percentage exceeding 60% (see below). Image File history File links Gnome_globe_current_event. ... Image File history File links This is a lossless scalable vector image. ... The Stability and Growth Pact is an agreement by European Union member states related to their conduct of fiscal policy, to facilitate and maintain Economic and Monetary Union. ... Fiscal policy is the economic term that defines the set of principles and decisions of a government in setting the level of public expenditure and how that expenditure is funded. ... The Eurozone (also called Euro Area, Eurosystem or Euroland) refers to the European Union member states that have adopted the euro currency union. ... A budget deficit occurs when an entity (often a government) spends more money than it takes in. ... The Eurozone (also called Euro Area, Eurosystem or Euroland) refers to the European Union member states that have adopted the euro currency union. ...


With the exception of Greece and Portugal, all countries with below average GNI per capita are those which joined the EU in May 2004 and all countries with above average GNI per capita come from the existing (pre-2004) member states. In mathematics, an average or central tendency of a set (list) of data refers to a measure of the middle of the data set. ... Gross National Income (GNI) comprises the total value k produced within a country (i. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...


The following table shows information relating to the member states of the European Union, ordered according to the 'Size' of their economies. (NB: Were the table ordered according to 'GDP per capita' this would perhaps better reflect the strength of an individual economy. But this is not how such tables are commonly structured).


The colours denote how a member state is performing relative to the rest of the European Union, above average (green) or below average (red). The smallest and greatest values in each column are emphasised. The 2007 data are IMF estimates made in April 2007. [7] [8] The flag of the International Monetary Fund (IMF) The International Monetary Fund (IMF) is the international organization entrusted with overseeing the global financial system by monitoring foreign exchange rates and balance of payments, as well as offering technical and financial assistance when asked. ...

Member State
sorted by GDP
GDP
in billions
of US $
(2007)
GDP
% of EU
(2007)
Annual
change
 % of GDP
GDP
per capita
in PPP US $
(2007)
Public Debt
% of GDP
(2006)
Deficit
% of GDP
(2006)
Inflation
% Annual
(2007)
Unemp.
%
(2006)
 European Union [9] 15,183.4 100.0% 2.8 29 342 63.8 -2.6 2.2 7.5
 Germany 3,080.6 19.4% 1.8 32,179 66.0 -3.7 2.0 7.8
 United Kingdom 2,660.7 16.8% 2.9 36,568 41.6 -3.2 2.3 5.3
 France 2,401.4 15.2% 2.0 31,873 65.6 -3.7 1.7 8.3
 Italy 1,993.7 12.6% 1.8 31,694 105.8 -3.0 2.1 6.8
 Spain 1,359.1 8.6% 3.8 28,445 48.9 -0.3 2.6 7.8
 Netherlands 720.9 4.5% 2.9 36,240 55.7 -2.5 1.8 3.2
 Sweden 423.6 2.7% 3.3 35,729 51.2 -1.4 1.8 5.5
Flag of India India 423.5 2.7% 2.2 355555,693 95.6 -0.1 1.9 7.8
 Poland 364.8 2.3% 5.8 15,894 43.6 -3.7 2.2 10.5
 Austria 348.7 2.2% 2.8 37,536 65.2 -1.3 1.6 4.5
 Greece 341.8 2.2% 3.8 27,360 106.5 -2.8 3.2 8.3
 Denmark 302.6 1.9% 2.5 38,072 42.7 -2.8 2.0 4.7
 Ireland 250.2 1.6% 5.0 46,786 29.9 -1.3 2.4 4.5
 Finland 225.4 1.4% 3.1 36,324 43.6 -2.1 1.5 7.5
 Portugal 211.7 1.3% 1.8 23,464 61.9 -2.9 2.5 7.4
 Czech Republic 160.4 1.0% 4.8 24,679 37.4 -3.0 2.9 6.6
 Romania 157.6 1.0% 6.5 10,661 21.2 -4.0 4.5 4.5
 Hungary 125.0 1.0% 2.8 20,700 57.6 -4.5 6.4 7.9
 Slovakia 69.3 0.8% 8.2 19,172 36.9 -2.9 2.4 10.8
 Luxembourg 45.8 0.3% 4.6 84,507 7.5 -1.1 2.1 4.6
 Slovenia 41.1 0.3% 4.5 25,266 29.4 -1.9 2.7 6.4
 Bulgaria 35.8 0.2% 6.0 10,677 24.8 -4.0 5.3 7.8
 Lithuania 35.4 0.2% 7.0 16,863 19.7 -2.5 3.5 6.1
 Latvia 24.1 0.2% 10.5 17,364 14.4 -0.8 7.3 6.3
 Cyprus 19.9 0.1% 3.9 31,053 62.3 -3.5 2.1 4.8
 Estonia 19.6 0.2% 9.9 20,114 4.9 -1.8 4.8 4.2
 Malta 6.2 0.1% 2.3 21,061 75.0 -5.2 2.4 6.8

One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... USD redirects here. ... The purchasing power parity (PPP) theory uses the long-term equilibrium exchange rate of two currencies to equalize their purchasing power. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Germany. ... Image File history File links Flag_of_the_United_Kingdom. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Italy. ... Image File history File links Flag_of_Spain. ... Image File history File links Flag_of_the_Netherlands. ... Image File history File links Flag_of_Sweden. ... Image File history File links Flag_of_India. ... Image File history File links Flag_of_Poland. ... Image File history File links Flag_of_Austria. ... Image File history File links Flag_of_Greece. ... Image File history File links Flag_of_Denmark. ... Image File history File links Flag_of_Ireland. ... Image File history File links Flag_of_Finland. ... Image File history File links Flag_of_Portugal. ... Image File history File links Flag_of_the_Czech_Republic. ... Image File history File links Flag_of_Romania. ... Image File history File links Flag_of_Hungary. ... Image File history File links Flag_of_Slovakia. ... Image File history File links Flag_of_Luxembourg. ... Image File history File links Flag_of_Slovenia. ... Image File history File links Flag_of_Bulgaria. ... Image File history File links Flag_of_Lithuania. ... Image File history File links Flag_of_Latvia. ... Image File history File links Flag_of_Cyprus. ... Image File history File links Flag_of_Estonia. ... Image File history File links Flag_of_Malta. ...

Economic growth

The EU's share of Gross world product (GWP) is stable at around one fifth [10]. GDP growth, though strong in the new member states, is being affected by sluggish growth in France, Italy and Portugal. Gross world product is the total Gross National Product of all the countries in the world. ...


Estonia and Latvia, also referred[2] to as the Baltic Tigers, have the highest GDP growth rates in the union and one of the highest in the world. A glass skyscraper – an icon of Estonias economic boom Vilnius Financial Center is a symbol of rapid economic growth in Lithuania. ...

Population and GDP per capita of EU member states and some candidates.
Population and GDP per capita of EU member states and some candidates.
GDP (PPP) per capita 2007 showing countries above and below EU-27 average
GDP (PPP) per capita 2007 showing countries above and below EU-27 average
[11] EU15 GDP growth rates [12] New member GDP growth rates
Member State  % GDP Growth [13]
2005 2006 2007 2008
 Austria 2.0 3.3 3.3 2.5
 Belgium 1.4 3.0 2.6 1.9
 Denmark 3.1 3.5 1.9 1.5
 Finland 2.9 5.0 4.3 3.0
 France 1.7 2.0 1.9 2.0
 Germany 0.8 2.9 2.4 2.0
 Greece 3.7 4.3 3.9 3.6
 Ireland 5.9 5.7 4.6 3.0
 Italy 0.1 1.9 1.7 1.3
 Luxembourg 4.0 6.2 5.4 4.2
 Netherlands 1.5 3.0 2.6 2.5
 Portugal 0.5 1.3 1.8 1.8
 Spain 3.6 3.9 3.7 2.7
 Sweden 2.9 4.2 3.6 2.8
 United Kingdom 1.8 2.8 3.1 2.3
Member State  % GDP Growth
2004 2005 2006 2007
 Bulgaria 5.7 5.5 5.6 6.1
 Cyprus 3.9 3.7 3.5 3.8
 Czech Republic 4.2 6.1 6.0 4.9
 Estonia 7.8 9.8 9.5 8.7
 Hungary 5.2 4.1 4.5 2.4
 Latvia 8.6 10.2 11.0 9.6
 Lithuania 7.0 7.5 6.8 7.3
 Malta -1.5 2.5 1.6 3.0
 Poland 5.3 3.4 6.1 6.5
 Romania 4.1 8.5 7.7 6.7
 Slovakia 5.4 6.1 6.5 8.5
 Slovenia 4.2 4.0 5.2 4.3

 European Union 2.4 1.8 2.8 2.4
Eurozone 2.1 1.3 2.4 2.0

The ten new member states of Eastern and North Europe have enjoyed a higher average percentage growth rate than their Western European counterparts. Notably the Baltic states have achieved massive GDP growth, with Latvia topping 11%, close to China, the world leader at 9% on average for the past 25 years. Reasons for this massive growth include government commitments to stable monetary policy, export-oriented trade policies, low flat-tax rates and the utilisation of relatively cheap labour. Image File history File links EU-GDP-Population. ... Image File history File links EU-GDP-Population. ... Done by myself File links The following pages link to this file: European Union Categories: GFDL images | Maps of Europe ... Done by myself File links The following pages link to this file: European Union Categories: GFDL images | Maps of Europe ... Image File history File links Flag_of_Austria. ... Image File history File links Flag_of_Belgium_(civil). ... Image File history File links Flag_of_Denmark. ... Image File history File links Flag_of_Finland. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Germany. ... Image File history File links Flag_of_Greece. ... Image File history File links Flag_of_Ireland. ... Image File history File links Flag_of_Italy. ... Image File history File links Flag_of_Luxembourg. ... Image File history File links Flag_of_the_Netherlands. ... Image File history File links Flag_of_Portugal. ... Image File history File links Flag_of_Spain. ... Image File history File links Flag_of_Sweden. ... Image File history File links Flag_of_the_United_Kingdom. ... Image File history File links Flag_of_Bulgaria. ... Image File history File links Flag_of_Cyprus. ... Image File history File links Flag_of_the_Czech_Republic. ... Image File history File links Flag_of_Estonia. ... Image File history File links Flag_of_Hungary. ... Image File history File links Flag_of_Latvia. ... Image File history File links Flag_of_Lithuania. ... Image File history File links Flag_of_Malta. ... Image File history File links Flag_of_Poland. ... Image File history File links Flag_of_Romania. ... Image File history File links Flag_of_Slovakia. ... Image File history File links Flag_of_Slovenia. ... Image File history File links This is a lossless scalable vector image. ... The Eurozone (also called Euro Area, Eurosystem or Euroland) refers to the European Union member states that have adopted the euro currency union. ... The three Baltic states: Estonia, Latvia, and Lithuania. ... Tax rates around the world Tax revenue as % of GDP Economic policy Monetary policy Central bank   Money supply Fiscal policy Spending   Deficit   Debt Trade policy Tariff   Trade agreement Finance Financial market Financial market participants Corporate   Personal Public   Banking   Regulation        Monetary policy is the process by which the government, central bank... A flat tax (short for flat rate tax or proportional tax) taxes all household income, and possibly corporates profits as well, at the same marginal rate. ...


The current map of EU growth is one of huge regional variation, with the larger economies suffering from stagnant growth and the new nations enjoying sustained, robust economic growth.


Although EU27 GDP is on the increase, the percentage of Gross world product is decreasing due to the emergence of economic powers such as China, India and Brazil. In the medium to long term, the EU will be looking to increase GDP growth in the central European economies such as France, Germany and Italy and stabilise growth in the new Eastern European states to ensure sustained economic prosperity. Gross world product is the total Gross National Product of all the countries in the world. ...


Energy resources

The European Union has large coal, oil, and natural gas reserves. There are six oil producers in the European Union, primarily in North Sea oilfields. The United Kingdom by far is the largest producer, however Denmark, Germany, Italy, and the Netherlands all produce oil. If it is treated as a single unit, which is not conventional in the oil markets, the European Union is the 7th largest producer of oil in the world, producing 3,424,000 (2001) barrels a day. However, it is also the world's 2nd largest consumer of oil, consuming much more than it can produce, at 14,590,000 (2001) barrels a day. Coal Example chemical structure of coal Coal (pronounced ) is a fossil fuel formed in swamp ecosystems where plant remains were saved by water and mud from oxidization and biodegradation. ... Synthetic motor oil For other uses, see Oil (disambiguation). ... For other uses, see Natural gas (disambiguation). ... Countries producing oil This is a list of states that extract crude oil from oil wells. ... // North Sea Oil Platforms North Sea oil refers to oil and natural gas (hydrocarbons) produced from oil reservoirs beneath the North Sea. ... Synthetic motor oil For other uses, see Oil (disambiguation). ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... “bbl” redirects here. ... Synthetic motor oil For other uses, see Oil (disambiguation). ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ...


All countries in the EU have committed to the Kyoto Protocol, and the European Union is one of its biggest exponents. The European Commission published proposals for the first comprehensive EU energy policy on January 10, 2007. Kyoto Protocol Opened for signature December 11, 1997 in Kyoto, Japan Entered into force February 16, 2005. ... Although the European Union has legislated in the area of energy policy for many years, and evolved out of the European Coal and Steel Community, the concept of introducing a mandatory and comprehensive European energy policy was only approved at the meeting of the European Council on October 27, 2005... is the 10th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...

see also: Renewable energy in the European Union and category:Energy in the European Union

Proportion of renewable energy in the EU countries, 2004 The countries of the European Union are currently the leading world power in the development and application of renewable energy. ...

Trade

The European Union is the largest exporter in the world ([14]) and the second largest importer. Internal trade between the member states is aided by the removal of barriers to trade such as tariffs and border controls. In the eurozone, trade is helped by not having any currency differences to deal with amongst most members. The European Union Association Agreement does something similar for a much larger range of countries, partly as a so-called soft approach ('a carrot instead of a stick') to influence the politics in those countries. For other uses, see Export (disambiguation). ... Tax rates around the world Tax revenue as % of GDP Economic policy Monetary policy Central bank   Money supply Fiscal policy Spending   Deficit   Debt Trade policy Tariff   Trade agreement Finance Financial market Financial market participants Corporate   Personal Public   Banking   Regulation        For other uses of this word, see tariff (disambiguation). ... Border control Border crossing between Germany and The Netherlands Border controls are measures used by a country to monitor or regulate its borders. ... The Eurozone (also called Euro Area, Eurosystem or Euroland) refers to the European Union member states that have adopted the euro currency union. ... A European Union Association Agreement (for short, Association Agreement or AA) is a treaty between the European Union (EU) and a non-EU country that creates a framework for co-operation between them. ...


The European Union represents all its members at the World Trade Organization, and acts on behalf of member states in any disputes. WTO redirects here. ...


Unemployment

Unemployment rate by country in the EU at February 2007
Unemployment rate by country in the EU at February 2007
Changes in the unemployment rate from February 2006 until February 2007 in the EU (Red - increasing and Blue - decreasing)

The seasonally adjusted unemployment rate in the European Union in June 2007 was 6.9% compared to 7.9% in all current 27 memberstates in June 2006. The rate varies widely by member state. In comparison the United States had an unemployment rate of 4.5% and Japan a rate of 3.8% measured by Eurostat. Image File history File links Size of this preview: 655 × 600 pixelsFull resolution (1360 × 1245 pixel, file size: 87 KB, MIME type: image/png) Done by User:Themanwithoutapast February 2007 Eurostat figures. ... Image File history File links Size of this preview: 655 × 600 pixelsFull resolution (1360 × 1245 pixel, file size: 87 KB, MIME type: image/png) Done by User:Themanwithoutapast February 2007 Eurostat figures. ... Image File history File links Size of this preview: 655 × 600 pixelsFull resolution (1360 × 1245 pixel, file size: 87 KB, MIME type: image/png) Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1. ... Image File history File links Size of this preview: 655 × 600 pixelsFull resolution (1360 × 1245 pixel, file size: 87 KB, MIME type: image/png) Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1. ...


The following table states the current unemployment rate of all Member States for June 2007 with comparisons to June 2006:[3]

Member State  % Unemployment
June 2006 June 2007
 Austria 4.8 4.3
 Belgium 8.4 7.2
 Denmark 4.2 3.5
 Finland 7.8 6.7
 France 9.5 8.6
 Germany 8.3 8.8
 Greece 9.0 8.6
 Ireland 4.5 4.0
 Italy 6.8 6.1
 Luxembourg 4.6 4.9
 Netherlands 3.9 3.3
 Portugal 7.6 7.9
 Spain 8.5 8.0
 Sweden 7.2 5.3
 United Kingdom 5.4 5.4
Member State  % Unemployment Rate
June 2006 June 2007
 Bulgaria 9.0 7.0
 Cyprus 4.8 3.9
 Czech Republic 7.1 5.7
 Estonia 5.7 5.1
 Hungary 7.3 7.7
 Latvia 7.0 5.7
 Lithuania 5.6 4.7
 Malta 7.4 6.4
 Poland 13.9 10.2
 Romania 7.3 7.3
 Slovakia 13.4 10.7
 Slovenia 6.1 5.1
 European Union 7.9 6.9

Image File history File links Flag_of_Austria. ... Image File history File links Flag_of_Belgium_(civil). ... Image File history File links Flag_of_Denmark. ... Image File history File links Flag_of_Finland. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Germany. ... Image File history File links Flag_of_Greece. ... Image File history File links Flag_of_Ireland. ... Image File history File links Flag_of_Italy. ... Image File history File links Flag_of_Luxembourg. ... Image File history File links Flag_of_the_Netherlands. ... Image File history File links Flag_of_Portugal. ... Image File history File links Flag_of_Spain. ... Image File history File links Flag_of_Sweden. ... Image File history File links Flag_of_the_United_Kingdom. ... Image File history File links Flag_of_Bulgaria. ... Image File history File links Flag_of_Cyprus. ... Image File history File links Flag_of_the_Czech_Republic. ... Image File history File links Flag_of_Estonia. ... Image File history File links Flag_of_Hungary. ... Image File history File links Flag_of_Latvia. ... Image File history File links Flag_of_Lithuania. ... Image File history File links Flag_of_Malta. ... Image File history File links Flag_of_Poland. ... Image File history File links Flag_of_Romania. ... Image File history File links Flag_of_Slovakia. ... Image File history File links Flag_of_Slovenia. ... Image File history File links This is a lossless scalable vector image. ...

Industries

The services sector is by far the most important sector in the European Union, making up 69.4% of GDP, compared to the manufacturing industry with 28.4% of GDP and agriculture with only 2.3% of GDP. Services are: plural of service Tertiary sector of industry IRC services Web services the name of a first-class cricket team in India This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Manufacturing is the transformation of raw materials into finished goods for sale, or intermediate processes involving the production or finishing of semi-manufactures. ...


Agriculture

The agricultural sector is supported by subsidies from the European Union in the form of the Common Agricultural Policy (CAP). This currently represents 40-50% of the EU's total spending. It guarantees a minimum price for farmers in the EU. This is criticised as a form of protectionism, inhibiting trade, and damaging developing countries; one of the most vocal opponents is the UK, the second largest economy within the bloc, which has repeatedly refused to give up the annual UK Rebate unless the CAP undergoes significant reform; France, the biggest benefactor of the CAP and the bloc's third largest economy, is its most vocal proponent. This article does not cite any references or sources. ... A subsidy is generally a monetary grant given by government in support of an activity regarded as being in the public interest. ... The Common Agricultural Policy (CAP) is a system of European Union agricultural subsidies and programmes. ... In economics, incomes policies are wage and price controls used to fight inflation. ... Farmer spreading grasshopper bait in his alfalfa field. ... Protectionism is the economic policy of restraining trade between nations, through methods such as high tariffs on imported goods, restrictive quotas, a variety of restrictive government regulations designed to discourage imports, and anti-dumping laws in an attempt to protect domestic industries in a particular nation from foreign take-over... It has been suggested that Commerce be merged into this article or section. ... A developing country is a country with low average income compared to the world average. ... The UK rebate is a rebate on the United Kingdoms contribution to the EU budget paid back to the UK government by the European Union. ...


Tourism

The European Union is a major tourist destination, attracting visitors from outside of the Union and citizens travelling inside it. Internal tourism is made more convenient for the citizens of some EU member states by the Schengen treaty and the Euro. All citizens of the European Union are entitled to travel to any member state without the need of a visa. If the EU component states are considered separate entities, France is the world's number one tourist destination for international visitors, followed by Spain, Italy and the United Kingdom at 2nd, 5th and 6th spots respectively. If the EU is considered a single entity, the number of international visitors is less, as most visitors to EU nations are from other EU member states. Schengen Treaty members are in dark blue, while signatories (where it is not yet implemented) are in light blue. ... For other uses, see Euro (disambiguation). ... Entry visa valid in Schengen treaty countries. ...


Companies

The European Union's member states are the birthplace of many of the world's largest leading multinational companies, and home to its global headquarters. Among these are distinguished companies ranked first in the world within their industry/sector, like Allianz, which is the largest financial service provider in the world by revenue; Airbus, which produces around half of the world's jet airliners; Air France-KLM, which is the largest airline company in the world in terms of total operating revenues; Amorim, which is the world's largest cork-processing and cork producer company; ArcelorMittal, which is the largest steel company in the world; Groupe Danone, which has the world leadership in the dairy products market; InBev, which is the largest beer company in the world; L'Oréal Group, which is the world's largest cosmetics and beauty company; LVMH, which is the world's largest luxury goods conglomerate; Nokia Corporation, which is the world's largest manufacturer of mobile telephones; Royal Dutch Shell, which is the largest energy corporation in the world; and Stora Enso, which is the world's largest pulp and paper manufacturer in terms of production capacity. Many other European companies rank among the world's largest companies in terms of turnover, profit, market share, number of employees or other major indicators. A considerable number of EU-based companies are ranked among the worlds' top-ten within their sector of activity. A multinational corporation (MNC) or multinational enterprise (MNE) or transnational corporation (TNC) or multinational organization (MNO) is a corporation/enterprise that manages production establishments or delivers services in at least two countries. ...   SE[1], (ISIN: DE0008404005; IPA pronunciation: [alliˈanʦ], and formerly AG) is a large financial service provider headquartered in Munich, Germany. ... This article is about the airliner manufacturer. ... The de Havilland Comet 1, G-ALYP - The first production Comet. ... Air France-KLM (Euronext Paris: AF, NYSE: AKH) is an airline company incorporated under French law with its headquarters at Roissy-Charles de Gaulle Airport near Paris. ... A Boeing 747-400 belonging to Virgin Atlantic Airways, one of the UKs largest airlines. ... Amorim is a Portuguese holding company with interests on cork, real estate, finance, and tourism, among other sectors. ... For other uses, see Cork. ... It has been suggested that Arcelor and Mittal Steel Company be merged into this article or section. ... For other uses, see Steel (disambiguation). ... Danone factory in BieruÅ„, Poland Groupe Danone (Euronext: BN, NYSE: DA) (known as Dannon in the United States) is a food-product company with its central headquarters in Paris, France. ... Dairy products are generally defined as foodstuffs produced from milk. ... InBev (Euronext: INB, NYSE: ABV) is the largest beer company in the industry. ... For other uses, see Beer (disambiguation). ... The LOréal Group Euronext: FR0000120321, headquartered in the Paris suburb of Clichy, France, is the worlds largest cosmetics and beauty company. ... Make-up redirects here. ... For beauty as a characteristic of a persons appearance, see Physical attractiveness. ... LVMH Moët Hennessy Louis Vuitton S.A. (Euronext: MC), usually shortened to LVMH, is a French holding company and the worlds largest luxury goods conglomerate. ... A luxury good is a good at the highest end of the market in terms of quality and price. ... Nokia Corporation (NYSE: NOK) is the worlds largest manufacturer of mobile telephones (as of June 2006), with a global market share of approximately 34% in Q2 of 2006[1]. It produces mobile phones for every major market and protocol, including GSM, CDMA, and W-CDMA (UMTS). ... Cellular redirects here. ... Royal Dutch Shell plc is a multinational oil company of British and Dutch origins. ... 1/8 share of the Stora Kopparberg mine, dated June 16, 1288. ... Pulp and Paper is the name of the largest United States-based trade magazine for the pulp and paper industry. ...


Regional variation

Comparing the richest areas of the EU can be a difficult task. This is because the NUTS 1 & 2 regions are not homogenous, some of them being very large regions, such as NUTS-1 Hesse (21,100 km²) or NUTS-1 Île-de-France (12,011 km²), whilst other NUTS regions are much smaller, for example NUTS-1 Hamburg (755 km²) or NUTS-1 Greater London (1,580 km²). The Nomenclature of Territorial Units for Statistics (NUTS) is a geocode standard for referencing the administrative division of countries for statistical purposes. ... Location Time zone CET/CEST (UTC+1/+2) Administration Country NUTS Region DE7 Capital Wiesbaden Largest city Frankfurt Minister-President Roland Koch (CDU) Governing party CDU Votes in Bundesrat 5 (from 69) Basic statistics Area  21,100 km² (8,147 sq mi) Population 6,077,000 (08/2006)[1]  - Density... Capital Paris Land area¹ 12,011 km² Regional President Jean-Paul Huchon (PS) (since 1998) Population  - Jan. ... This article is about the city in Germany. ... Greater London is the top-level administrative subdivision covering London, England. ...


One problem with this data is that in some areas, including Greater London, are subject to a large number of commuters coming into the area, thereby artificially inflating the figures. It has the effect of raising GDP but not altering the number of people living in the area, inflating the GDP per capita figure. Greater London is the top-level administrative subdivision covering London, England. ... Commuting is the process of travelling from a place of residence to a place of work. ...


The data is used to define regions that are supported with financial aid in programs such as the European Regional Development Fund. European Regional Development Fund (ERDF) Scope As part of its task to promote regional development, the ERDF contributes towards financing the following measures: Productive investment to create and safeguard sustainable jobs; Investment in infrastructure which contributes, in regions covered by Objective 1, to development, structural adjustment and creation and maintenance...


The decision to delineate a Nomenclature of Territorial Units for Statistics (NUTS) region is to a large extent arbitrary (i.e. not based on objective and uniform criteria across Europe), and is decided at European level (See also: Regions of the European Union). The Nomenclature of Territorial Units for Statistics (NUTS) is a geocode standard for referencing the administrative division of countries for statistical purposes. ... For other uses, see Europe (disambiguation). ... This article is on the political entity. ...


Top 10: economically strongest NUTS-1 and NUTS-2 regions

The 10 NUTS-1 and NUTS-2 regions with the highest GDP per capita are all in the first fifteen member states: none are in the 12 new member states that joined in May 2004 and January 2007. The NUTS Regulation lays down a minimum population size of 3 million and a maximum size of 7 million for the average NUTS-1 region, whereas a minimum of 800.000 and a maximum of 3 million for NUTS-2 regions ¹ [15]. This definition, however, is not respected by Eurostat. E.g.: the région of Île-de-France, with 11.3 million inhabitants, is treated as a NUTS-2 region, while the state of Bremen, with only 662,000 inhabitants, is treated as a NUTS-1 region. The Nomenclature of Territorial Units for Statistics (NUTS) is a geocode standard for referencing the administrative division of countries for statistical purposes. ... The European Union (EU) was created by six founding states in 1957 (following the earlier establishment by the same six states of the European Coal and Steel Community in 1952) and has grown to 27 member states. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... France is divided into 26 régions: 21 of these are in the continental part of metropolitan France, one is Corse on the island of Corsica (although strictly speaking Corse is in fact a territorial collectivity, not a région, but is referred to as a région in common... Capital Paris Land area¹ 12,011 km² Regional President Jean-Paul Huchon (PS) (since 1998) Population  - Jan. ... Germany is a Federal Republic made up of 16 States, known in German as Länder (singular Land). ... Location Time zone CET/CEST (UTC+1/+2) Administration Country NUTS Region DE5 State subdivisions 2 urban districts Capital Bremen Senate President Jens Böhrnsen (SPD) Governing parties SPD / Alliance 90/The Greens Votes in Bundesrat 3 (from 69) Basic statistics Area  408 km² (158 sq mi) Population 664,000...


See also: List of NUTS-1, NUTS-2 and NUTS-3 regions

Rank NUTS-1 region 2004 GDP (PPP) per capita
in Euros
1 Luxembourg 53,978
2 Brussels-Capital, Belgium 53,381
3 Hamburg, Germany 41,972
4 Greater London, United Kingdom 40,542
5 Île-de-France, France 37,526
6 Bremen, Germany 33,508
7 Åland, Finland 31,909
8 Randstad, Netherlands 30,762
9 Ireland 30,414
10 Bavaria, Germany 29,646
Rank NUTS-2 region 2004 GDP (PPP) per capita
in Euros
Note that Frankfurt (68,751 euros per capita)[4] and Paris (67,980 euros per capita)[4]
are treated as NUTS-3 by Eurostat and are thus not listed here.
1 Inner London, United Kingdom 65,138
2 Luxembourg 53,978
3 Brussels-Capital, Belgium 53,381
4 Hamburg, Germany 41,972
5 Vienna, Austria 38,632
6 Île-de-France, France 37,526
7 Berkshire, Buckinghamshire & Oxfordshire, United Kingdom 37,379
8 Oberbayern (Upper Bavaria), Germany 36,408
9 Stockholm, Sweden 35,621
10 Utrecht, Netherlands 33,905

For other uses, see Euro (disambiguation). ... Image File history File links Flag_of_Luxembourg. ... Image File history File links Flag_of_Belgium_(civil). ... The Brussels-Capital Region (French: Région de Bruxelles-Capitale, Dutch: Brussels Hoofdstedelijk Gewest, German: Region Brüssel-Hauptstadt) or Brussels Region (French: Région Bruxelloise, Dutch: Brusselse Gewest) is one of the three regions of Belgium. ... Image File history File links Flag_of_Germany. ... This article is about the city in Germany. ... Image File history File links Flag_of_the_United_Kingdom. ... Greater London is the top-level administrative subdivision covering London, England. ... Image File history File links This is a lossless scalable vector image. ... Capital Paris Land area¹ 12,011 km² Regional President Jean-Paul Huchon (PS) (since 1998) Population  - Jan. ... Image File history File links Flag_of_Germany. ... Location Time zone CET/CEST (UTC+1/+2) Administration Country NUTS Region DE5 State subdivisions 2 urban districts Capital Bremen Senate President Jens Böhrnsen (SPD) Governing parties SPD / Alliance 90/The Greens Votes in Bundesrat 3 (from 69) Basic statistics Area  408 km² (158 sq mi) Population 664,000... Image File history File links Flag_of_Finland. ... “Aland” redirects here. ... Image File history File links Flag_of_the_Netherlands. ... Schematic map of the Randstad. ... Image File history File links Flag_of_Ireland. ... Image File history File links Flag_of_Germany. ... For other uses, see Bavaria (disambiguation). ... For other uses, see Euro (disambiguation). ... Image File history File links Flag_of_Germany. ...   (German: , English: American English: ) is the largest city in the German state of Hesse and the fifth-largest city in Germany, with a mid-2007 population of 663,567. ... Image File history File links This is a lossless scalable vector image. ... This article is about the capital of France. ... The Nomenclature of Territorial Units for Statistics (NUTS) is a geocode standard for referencing the administrative division of countries for statistical purposes. ... The Statistical Office of the European Communities (Eurostat) is the statistical arm of the European Commission, producing data for the European Union and promoting harmonisation of statistical methods across the member states. ... Image File history File links Flag_of_the_United_Kingdom. ... Inner London is the name for the group of London boroughs which form the central part of Greater London and are surrounded by Outer London. ... Image File history File links Flag_of_Luxembourg. ... Image File history File links Flag_of_Belgium_(civil). ... The Brussels-Capital Region (French: Région de Bruxelles-Capitale, Dutch: Brussels Hoofdstedelijk Gewest, German: Region Brüssel-Hauptstadt) or Brussels Region (French: Région Bruxelloise, Dutch: Brusselse Gewest) is one of the three regions of Belgium. ... Image File history File links Flag_of_Germany. ... This article is about the city in Germany. ... Image File history File links Flag_of_Austria. ... For other uses, see Vienna (disambiguation). ... Image File history File links This is a lossless scalable vector image. ... (Region flag) (Region logo) Location Administration Capital Regional President Departments Essonne Hauts-de-Seine Paris Seine-Saint-Denis Seine-et-Marne Val-de-Marne Val-dOise Yvelines Arrondissements 25 Cantons 317 Communes 1,281 Statistics Land area1 12,012 km² Population (Ranked 1st)  - January 1, 2006 est. ... Image File history File links Flag_of_the_United_Kingdom. ... This article or section does not cite any references or sources. ... Buckinghamshire (abbreviated Bucks) is one of the home counties in South East England. ... Oxfordshire (abbreviated Oxon, from the Latinised form Oxonia) is a county in the South East of England, bordering on Northamptonshire, Buckinghamshire, Berkshire, Wiltshire, Gloucestershire, and Warwickshire. ... Image File history File links Flag_of_Germany. ... Oberbayern (Upper Bavaria) is one of the seven administrative regions of Bavaria, Germany, located in the south of Bavaria, around the city Munich. ... Image File history File links Flag_of_Sweden. ... For other uses, see Stockholm (disambiguation). ... Image File history File links Flag_of_the_Netherlands. ... Utrecht refers to various cities and areas: Utrecht (province), of the Netherlands Utrecht (city), Netherlands, and capital of the province of the same name Utrecht (municipality), includes the city of Utrecht and two neighbouring villages (Vleuten / de Meern) Utrecht (agglomeration), in the Netherlands, includes the city of Utrecht Diocese of...

Economically weakest NUTS-2 regions

The fifteen lowest regions in the ranking in 2004 were all in Bulgaria, Poland and Romania, with the lowest figures recorded in Nord-Est in Romania (24% of the average), followed by Severozapaden, Yuzhen tsentralen and Severen tsentralen in Bulgaria (all 26%). Among the 70 regions below the 75% level, fifteen were in Poland, eight each in Greece and Romania, seven in the Czech Republic, six each in Bulgaria and Hungary, four each in France (all overseas departments), Italy and Portugal, three in Slovakia, one region in Spain, and Estonia, Latvia, Lithuania and Malta.

Rank NUTS-2 region 2004 GDP (PPP)
per capita
in Euros
% of the average GDP
of EU27 in 2004
1 Nord-Est, Romania 5,070 24
2 Severozapaden, Bulgaria 5,502 26
3 Yuzhen tsentralen, Bulgaria 5,509 26
4 Severen tsentralen, Bulgaria 5,681 26
5 Sud, Romania 6,111 28
6 Sud-Vest, Romania 6,183 29
7 Severoiztochen, Bulgaria 6,299 29
8 Yugoiztochen, Bulgaria 6,420 30
9 Sud-Est, Romania 6,612 31
10  Nord-Vest, Romania 7,093 33
11  Lubelskie, Poland 7 568 35
12  Podkarpackie, Poland 7 617 35
13  Centru, Romania 7 629 35
14  Podlaskie, Poland 8 148 38
15  Vest, Romania 8 395 39

For other uses, see Euro (disambiguation). ... Image File history File links Flag_of_Romania. ... Nord-Est (North East) is a development region in Romania. ... Image File history File links Flag_of_Bulgaria. ... Image File history File links Flag_of_Bulgaria. ... Image File history File links Flag_of_Bulgaria. ... Image File history File links Flag_of_Romania. ... Sud (South) is a development region in Romania. ... Image File history File links Flag_of_Romania. ... Sud-Vest (South West) is a development region in Romania. ... Image File history File links Flag_of_Bulgaria. ... Image File history File links Flag_of_Bulgaria. ... Image File history File links Flag_of_Romania. ... Sud-Est (South East) is a development region in Romania. ... Image File history File links Flag_of_Romania. ... Nord-Vest (North West) is a development region in Romania, created in 1998. ... Image File history File links Flag_of_Poland. ... Lublin voivodship since 1999 Lublin Voivodship (in Polish województwo lubelskie) is an administrative and local government region or voivodship in the eastern part of Poland. ... Image File history File links Flag_of_Poland. ... Subcarpathian voivodship since 1999 The Subcarpathian Voivodship (in Polish województwo podkarpackie) is an administrative and local government region or voivodship of south-eastern Poland. ... Image File history File links Flag_of_Romania. ... Centru (Centre) is a development region in Romania. ... Image File history File links Flag_of_Poland. ... The Podlasie Voivodship (in Polish województwo podlaskie) is an administrative and local government region or voivodship of north-eastern Poland. ... Image File history File links Flag_of_Romania. ... Vest (West) is a development region in Romania. ...

Richest & Poorest NUTS-2 Regions (GDP PPP 2004)

See also: List of all NUTS-2 regions with GDP 2004 data

Member State Region GDP per capita
in Euros As % of EU-27 average
 European Union 21,503 100.0%
 Austria 27,666 128.7%
Richest Vienna 38,632 179.7%
Poorest Burgenland 19,305 89.8%
 Belgium 26,759 124.4%
Richest Brussels-Capital 53,381 248.3%
Poorest Hainaut 17,546 81.6%
 Bulgaria 7,134 33.2%
Richest Yugozapaden 10,550 49.1%
Poorest Severozapaden 5,502 25.6%
 Cyprus 19,648 91.4%
 Czech Republic 16,171 75,2%
Richest Prague 33,784 157.1%
Poorest Central Moravia 12,856 59.8%
 Denmark 26,772 124.5%
 France 24,146 112.3%
Richest Ile-de-France 37,526 174.5%
Poorest French Guiana 11,690 54.4%
 Germany 24,903 115.8%
Richest Hamburg 41,972 195.2%
Poorest Dessau 16,295 75.8%
 Estonia 11,978 55.7%
 Finland 24,834 115.5%
Richest Åland 31,461 146.3%
Poorest East Finland 18,336 85.3%
 Greece 18,245 84.8%
Richest Athens 24,230 112.7%
Poorest West Greece 11,714 54.5%
 Hungary 13,751 64.0%
Richest Central Hungary 21,837 101.6%
Poorest Northern Hungary 9,003 41.9%
 Ireland 30,414 141.4%
Richest Southern and Eastern 33,653 156.5%
Poorest Border, Midland and Western 21,518 100.1%
 Italy 23,095 107.4%
Richest Lombardy 30,426 141.5%
Poorest Sicily 14,447 67.3%
 Latvia 9,775 45.5%
 Lithuania 10,981 51.1%
 Luxembourg 53,978 251.0%
 Malta 15,988 74.4%
 Netherlands 27,946 130.0%
Richest Utrecht 33,905 157.7%
Poorest Flevoland 20,736 96.4%
 Poland 10,908 50.7%
Richest Mazowieckie 16,523 76.8%
Poorest Lubelskie 7,568 35.2%
 Portugal 16,086 74.8%
Richest Lisbon 22,745 105.8%
Poorest Norte 12,648 58.8%
 Romania 7,301 34.0%
Richest Bucharest-Ilfov 13,862 64.5%
Poorest North East Romania 5,070 23.6%
 Slovakia 12,196 56.7%
Richest Bratislava region 27,802 129.3%
Poorest Prešovský kraj & Košický kraj 9,102 42.3%
 Slovenia 17,920 83.3%
 Spain 21,658 100.7%
Richest Madrid 28,416 132.1%
Poorest Extremadura 14,419 67.1%
 Sweden 25,865 120.3%
Richest Stockholm 35,621 165.7%
Poorest East Middle Sweden 21,862 101.7%
 United Kingdom 26,455 123.0%
Richest Inner London 65,138 302.9%
Poorest Cornwall & Isles of Scilly 17,025 79.2%

For other uses, see Euro (disambiguation). ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Austria. ... For other uses, see Vienna (disambiguation). ... Burgenland (Hungarian Várvidék, Őrvidék or FelsÅ‘Å‘rvidék, Croatian Gradišće, Slovenian Gradiščansko) is the easternmost and least populous state or Land of Austria. ... Image File history File links Flag_of_Belgium_(civil). ... The Brussels-Capital Region (French: Région de Bruxelles-Capitale, Dutch: Brussels Hoofdstedelijk Gewest, German: Region Brüssel-Hauptstadt) or Brussels Region (French: Région Bruxelloise, Dutch: Brusselse Gewest) is one of the three regions of Belgium. ... Hainaut (French; English traditionally Hainault, Dutch: Henegouwen, German: Hennegau, Walloon: Hinnot) is the westernmost province of Wallonia, one of the three regions of Belgium. ... Image File history File links Flag_of_Bulgaria. ... Image File history File links Flag_of_Cyprus. ... Image File history File links Flag_of_the_Czech_Republic. ... For other uses, see Prague (disambiguation). ... Image File history File links Flag_of_Denmark. ... Image File history File links This is a lossless scalable vector image. ... This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Image File history File links Flag_of_Germany. ... This article is about the city in Germany. ... Dessau is a town in Germany on the junction of the rivers Mulde and Elbe, in the Bundesland (Federal State) of Saxony-Anhalt. ... Image File history File links Flag_of_Estonia. ... Image File history File links Flag_of_Finland. ... “Aland” redirects here. ... The Nomenclature of Territorial Units for Statistics of Finland are used for statistical purposes in a European Union context. ... Image File history File links Flag_of_Greece. ... This article is about the capital of Greece. ... Categories: Greece geography stubs ... Image File history File links Flag_of_Hungary. ... Regions in Hungary Central Hungary is a statistical (NUTS 1 and NUTS 2) region of Hungary. ... Northern Hungary is the name of a region in Hungary. ... Image File history File links Flag_of_Ireland. ... Image File history File links Flag_of_Italy. ... For the village of the same name in Ontario, Canada, see Lombardy, Ontario. ... Sicily ( in Italian and Sicilian) is an autonomous region of Italy and the largest island in the Mediterranean Sea, with an area of 25,708 km² (9,926 sq. ... Image File history File links Flag_of_Latvia. ... Image File history File links Flag_of_Lithuania. ... Image File history File links Flag_of_Luxembourg. ... Image File history File links Flag_of_Malta. ... Image File history File links Flag_of_the_Netherlands. ... Utrecht is the smallest province of the Netherlands, and is located in the center of the country. ... Flevoland is a province of the Netherlands. ... Image File history File links Flag_of_Poland. ... Masovian voivodship since 1999 The Masovian Voivodship (in Polish województwo mazowieckie) is the largest and most populous of the sixteen Polish administrative regions or voivodships created in 1999. ... Lublin voivodship since 1999 Lublin Voivodship (in Polish województwo lubelskie) is an administrative and local government region or voivodship in the eastern part of Poland. ... Image File history File links Flag_of_Portugal. ... Lisboa is one of the 7 NUTS II regions of Portugal. ... Região Norte (pron. ... Image File history File links Flag_of_Romania. ... The Bucharest-Ilfov development region is a development region in Romania, encompassing the national capital, Bucharest, as well as the surrounding Ilfov County. ... Nord-Est (North East) is a development region in Romania. ... Image File history File links Flag_of_Slovakia. ... Bratislava region The Bratislava Region (Slovak: Bratislavský kraj) is one of the administrative regions of Slovakia. ... The Prešov region is one of the eight Slovak administrative regions. ... 8: KoÅ¡ice Region The KoÅ¡ice Region (Slovak: KoÅ¡ický kraj) is one of the eight Slovak administrative regions. ... Image File history File links Flag_of_Slovenia. ... Image File history File links Flag_of_Spain. ... Capital Madrid Official language(s) Spanish Area  â€“ Total  â€“ % of Spain Ranked 12th  8,030. ... Capital Mérida Official language(s) Spanish; Area  â€“ Total  â€“ % of Spain Ranked 5th  41,634 km²  8. ... Image File history File links Flag_of_Sweden. ... For other uses, see Stockholm (disambiguation). ... Image File history File links Flag_of_the_United_Kingdom. ... Inner London is the name for the group of London boroughs which form the central part of Greater London and are surrounded by Outer London. ... For other uses, see Cornwall (disambiguation). ... St Martins taken from the helicopter to Penzance View from Tresco, the second largest member of the Isles of Scilly For the area of Surrey, see Scilly Isles, Surrey. ...

Comparison with regional blocs

Most active regional blocs
as of 2004
Regional bloc1 Area (km²) Population GDP (PPP) ($US) Member
states1
in millions per capita
Agadir 1,703,910 126,066,286 513,674 4,075 4
AU 29,797,500 897,548,804 1,515,000 1,896 53
ASEAN 4,400,000 553,900,000 2,172,000 4,044 10
CACM 422,614 37,816,598 159,536 4,219 5
CARICOM 462,344 14,565,083 64,219 4,409 (14+1)3
CCASG / GCC 2,285,844 35,869,438 536,223 14,949 6
CEFTA 298,148 28,929,682 222,041 7,675 (7+1)3
EU 4,325,675 496,198,605 12,025,415 24,235 27
EurAsEC 20,789,100 208,067,618 1,689,137 8,118 6
EFTA 529,600 12,233,467 471,547 38,546 4
GUAM 810,506 63,764,600 456,173 7,154 4
NAFTA 21,588,638 430,495,039 15,279,000 35,491 3
PARTA 528,151 7,810,905 23,074 2,954 (14+2)3
SAARC 5,136,740 1,467,255,669 4,074,031 2,777 8
Unasur / Unasul 17,339,153 370,158,470 2,868,430 7,749 12
UN and countries
for reference2
Area (km²) Population GDP (PPP) ($US) Units4
in millions per capita
UN 133,178,011 6,411,682,270 55,167,630 8,604 192
Brazil 8,514,877 188,078,261 1,594,482 9,108 27
Canada 9,984,670 32,507,874 1,165,000 35,200 13
India 3,287,590 1,102,600,000 4,042,000 3,700 35
Japan 377,873 128,085,000 4,220,000 33,100 47
PR China5 9,596,960 1,306,847,624 10,000,000 7,600 33
Russia 17,075,200 143,782,338 1,723,000 12,100 89
USA 9,631,418 300,000,000 12,980,000 43,500 50
Source: CIA World Factbook 2005, IMF WEO Database.
Legend
     smallest value among the blocs compared     largest value among the blocs compared

Footnotes
1 Including data only for full and most active members.
2 Including the largest five countries by area, population and GDP (PPP), but not #4 in population or #5 in GDP (PPP).
3 Including non-sovereign autonomous areas of other states.
4 Members or administrative divisions.
5 Data for the People's Republic of China does not include Hong Kong, Macau, or regions administered
   by
the Republic of China (Taiwan).
Image File history File links Gnome_globe_current_event. ... Image File history File links This is a lossless scalable vector image. ... A trade bloc is a large free trade area or free trade area formed by one or more tax, tariff and trade agreements. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... Square kilometre (US spelling: Square kilometer), symbol km², is an SI unit of surface area. ... Map of the Agadir Agreement Members It has been suggested that this article or section be merged with Barcelona Conference. ... Anthem Let Us All Unite and Celebrate Together [1] Administrative Centre Largest city Cairo, Egypt Working languages Arabic English French Portuguese Swahili Membership 53 African states Leaders  -  Chairman John Kufuor  -  Alpha Oumar Konaré Establishment  -  as the OAU May 25, 1963   -  as the African Union July 9, 2002  Area  -  Total 29... Hymn The ASEAN Hymn Jakarta, Indonesia Membership 10 Southeast Asian states Leaders  -  Secretary General Ong Keng Yong Area  -  Total 4,497,4931 km²  Expression error: Unrecognised punctuation character , sq mi  Population  -   estimate 566. ... The Central American Common Market (abbreviated CACM - in Spanish: Mercado Común Centroamericano, abbreviated MCCA) is an economic trade organization between five nations of Central America. ... Map showing CARICOM members, associates and observers Seat of Secretariat Georgetown, Guyana Official languages English4 Membership  15 full members1  5 associate members2  7 observers3 Leaders  -  Secretary-General Edwin W. Carrington (since 1992)  -  CARICOM Heads of Government   Establishment  -  August 1, 1973  Website http://www. ... It has been suggested that GCC - Gulf Cooperation Council be merged into this article or section. ... Map of Europe indicating current CEFTA members Type Trade agreement Member states 7 Balkan states, Kosovo Establishment  -  Signed 21 December 1992  Area  -  Total 298. ... Flag of EurAsEC The Eurasian Economic Community (EurAsEC or EAEC) was put into motion on 10 October 2000 when Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan signed the treaty. ... The European Free Trade Association (EFTA) was established on May 3, 1960 as an alternative for European states that were not allowed or did not wish to join the European Community (now the European Union). ... NAFTA redirects here. ... The Pacific Islands Forum is an inter-governmental consultative organ which aims to enhance cooperation between the independent countries of the Pacific Ocean and represent their interests. ...  Afghanistan  Bangladesh  Bhutan  India  Maldives  Nepal  Pakistan  Sri Lanka Headquarters Kathmandu, Nepal Statistics Area  - Total 7th if ranked 5,130,746 km² Population  - Total (2004)  - Density 1st if ranked 1,467,255,669 285. ... Pro Tempore Secretariat Brasília Official languages 4 Spanish Portuguese English Dutch Member states 12 Argentina Bolivia Brazil Chile Colombia Ecuador Guyana Paraguay Peru Suriname Uruguay Venezuela Leaders  -  President Rodrigo Borja  -  Tempore Secretary Jorge Taunay Filho Formation  -  Cuzco Declaration 8 December 2004  Area  -  Total 17,715,335 km² (1st2)  sq... Square kilometre (US spelling: Square kilometer), symbol km², is an SI unit of surface area. ... UN and U.N. redirect here. ... For the Chinese civilization, see China. ... The World Factbook 2007 (government edition) cover. ... IMF redirects here. ... A trade bloc is a large free trade area or free trade area formed by one or more tax, tariff and trade agreements. ... This is a list of the countries of the world sorted by area. ... “Sovereign” redirects here. ... This article or section does not cite any references or sources. ... This is a list of islands under the Republic of China administration (all claimed by the Peoples Republic of China). ... For the Chinese civilization, see China. ...

This box: view  talk  edit

References

  1. ^ Recognised only as the former Yugoslav Republic of Macedonia (FYROM) by the EU.
  2. ^ ScanBalt: The Baltic Tigers - an end in sight for the growth story?
  3. ^ Eurostat June 2007 - Euro area unemployment stable at 6.9%, July 31, 2007
  4. ^ a b Eurostat. Table: E3GDP95 = Gross domestic product (GDP) at current market prices at NUTS level 3. Retrieved on 2007-11-14.
  • Note 1: One region may be classified by Eurostat as a NUTS-1, NUTS-2 as well as a NUTS-3 region. Several NUTS-1 regions are also classified as NUTS-2 regions such as Brussels-Capital or Ile-de-France. Many countries are only classified as a single NUTS-1 and a single NUTS-2 region such as Latvia, Lithuania, Luxemburg and (although over 3 million inhabitants) Denmark.
  • Euro-indicators News release. June 2005 inflation data. Retrieved on July 18, 2005.
  • Euro-indicators News release. May 2005 unemployment data. Retrieved on July 18, 2005.
  • World Bank. GNI data (July 2005). Retrieved on August 4, 2005.

The following links are used for the GDP growth and GDP totals (IMF): The Statistical Office of the European Communities (Eurostat) is the statistical arm of the European Commission, producing data for the European Union and promoting harmonisation of statistical methods across the member states. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 318th day of the year (319th in leap years) in the Gregorian calendar. ... Ongoing events • 2005 Atlantic and Pacific hurricanes • 2005 Maharashtra floods • 2005 Gujarat Flood • Expo 2005 in Aichi, Japan • Fuel prices • Gomery Comm. ... IMF redirects here. ...

  • Link to Growth Rates for the Eurozone
  • Link to non-Eurozone EU15 countries Growth Rates
  • Link to 10 new memberstates Growth Rates

See also


  Results from FactBites:
 
Economy of the European Union - Wikipedia, the free encyclopedia (1548 words)
The European Union is the largest exporter in the world ([9]) and the second largest importer.
The European Union Association Agreement does something similar for a much larger range of countries, partly as a so-called soft approach ('a carrot instead of a stick') to influence the politics in those countries.
The agricultural sector is supported by subsidies from the European Union in the form of the Common Agricultural Policy (CAP).
European Union: Definition and Much More from Answers.com (5949 words)
The EU's principal institutions are the European Community, the Council of Ministers (a forum for individual ministries), the European Commission (an administrative bureaucracy), the European Parliament, the European Court of Justice, and the European Central Bank.
The European Union was established under that name in 1992 by the Treaty on European Union (the Maastricht Treaty).
The European Union's member states combined represent the world's largest economy by GDP, the seventh largest territory in the world by area and the third largest by population.
  More results at FactBites »

 
 

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