Economies of member states

Date: 2015-10-07; view: 424.

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%.

The following table shows information relating to the member states of the European Union, ordered according to the 'Size' of their economies. 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 data for GDP and GDP per capita (PPP) are based on the World Economic Outlook, October 2012 (International Monetary Fund).

Member State sorted by GDP	GDP in billions of USD (2011)	GDP % of EU (2010)	Annual change % of GDP (2011)	GDP per capita in PPP US$ (2011)	Public Debt % of GDP (Q3 2012)	Deficit (-)/ Surplus (+) % of GDP (2011)	Inflation % Annual (2011)	Unemp. % 2013 M1
European Union	17,610.8	100.0	1.5	31,673	85.1	−4.5	3.1*	10.8
Germany	3,607.4	20.2%	3.0	38,077	81.7	-1.0	2.5	5.3
France	2,778.1	15.8%	1.8	35,068	85.8	-5.2	2.3	10.6
United Kingdom	2,431.3	13.9%	0.8	36,522	89.9	-8.3	3.3*	7.7*
Italy	2,198.7	12.7%	0.4	30,464	127.3	-3.9	2.9	11.7
Spain	1,479.6	8.7%	0.7	30,478	77.4	-8.5	3.1	26.2
Netherlands	838.1	4.8%	1.2	42,023	69.5	-4.7	2.5*	6.0
Poland	514.5	2.9%	4.3	20,184	55.9	-5.1	3.9	10.6
Belgium	514.6	2.9%	1.9	37,781	101.6	-3.7	3.5	7.4
Sweden	544.7	2.8%	3.9	40,705	37.4	0.3	1.4	8.2
Austria	418.4	2.3%	3.1	41,556	73.7	-2.6	3.6*	4.9
Denmark	333.0	1.9%	1.0	37,048	47.5	-1.8	2.7	7.4
Greece	299.3	1.9%	-6.8	26,258	152.6	-9.8	3.1	26.4*
Finland	263.5	1.5%	2.9	35,981	51.1	-0.5	3.3	7.9
Portugal	237.8	1.4%	-1.6	23,363	120.3	-4.2	3.6	17.6
Ireland	221.2	1.3%	0.9	40,838	117.0	-13.1	-1.6*	14.7
Czech Republic	215.2	1.2%	1.7	27,063	44.9	-3.1	2.1	7.0
Romania	189.8	1.0%	2.5	12,493	35.2	-5.2	5.8	6.6
Hungary	140.3	0.8%	1.7	19,591	78.6	4.3	3.9	11.1
Slovakia	96.1	0.5%	3.3	23,304	51.2	-4.8	4.1	14.9
Luxembourg	59.6	0.3%	1.1	80,559	20.9	-0.6	3.7	5.3
Bulgaria	53.5	0.3%	1.7	13,789	18.7	-2.1	3.4	12.4
Slovenia	50.3	0.3%	-0.2	28,843	48.2	-6.4	2.1	10.2
Lithuania	42.7	0.2%	5.9	19,125	40.6	-5.5	4.1	13.3
Latvia	28.3	0.1%	5.5	16,818	40.4	-3.5	4.2	14.4*
Cyprus	24.7	0.1%	0.5	27,521	84.0	-6.3	3.5	14.7
Estonia	22.2	0.1%	7.6	20,379	9.6	1.0	5.1	9.9*
Malta	8.9	0.1%	2.1	25,598	73.1	-2.7	2.4*	7.0