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Economic Indicators For: Euro Area › Change country
Countries in this region: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain

Overview: The Euro Area, also known as the Eurozone, is a subset of 16 of the European Union countries who have adopted the Euro as a common currency. These countries have converted their national currencies into the Euro. Their monetary policy is set by the European Central Bank for the whole region. They maintain greater control over fiscal policy, within European Union rules. While giving up currency country, these countries benefit from enhanced freedom of movement (both of people and goods) and more stability from being part of a large economic system. In 2009, the Euro Area consisted of Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain.

Sources: International Monetary Fund (IMF)

GDP Growth (Constant Prices, National Currency) for Euro Area in year 1981 is n/a %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, US Dollars) for Euro Area in year 1981 is US$ n/a Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions.

GDP Deflator for Euro Area in year 1981 is n/a (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

Output Gap, Percent of Potential GDP for Euro Area in year 1981 is n/a %. Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty.

GDP (PPP), US Dollars for Euro Area in year 1981 is US$ n/a Billion. Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Per Capita (PPP), US Dollars for Euro Area in year 1981 is US$ n/a . Gross domestic product based on purchasing-power-parity (PPP) per capita GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Inflation (Average Consumer Price Change %) for Euro Area in year 1981 is n/a %. Data for inflation are averages for the year, not end-of-period data.

Inflation (End of Year Change %) for Euro Area in year 1981 is n/a %. Data for inflation are end of the period, not annual average data.

Three-month London Interbank Offered Rate (LIBOR) Change % for Euro Area in year 1981 is n/a %.

Import Volume of All Items Including Goods and Services (Percent Change) for Euro Area in year 1981 is -2.6 %.

Import Volumes of Goods Only (Percent Change) for Euro Area in year 1981 is -4.588 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Euro Area in year 1981 is 7.538 %.

Export Volumes of Goods Only (Percent Change) for Euro Area in year 1981 is 6.932 %.

Terms of Trade of All Items Including Services and Goods (Percent Change) for Euro Area in year 1981 is -6.653 %.

Terms of Trade of Goods (Percent Change) for Euro Area in year 1981 is -7.252 %.

Unemployment Rate (% of Labour Force) for Euro Area in year 1981 is n/a %.

Employment for Euro Area in year 1981 is n/a Million .

General government revenue (% of GDP) for Euro Area in year 1981 is n/a %. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government total expenditure (% of GDP) for Euro Area in year 1981 is n/a %. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

Total Government Net Lending/ Borrowing (% of GDP) for Euro Area in year 1981 is n/a %.

General Government Balance (% of GDP) for Euro Area in year 1981 is n/a %. Primary net lending/borrowing is net lending (+)/borrowing (?) plus net interest payable/paid (interest expense minus interest revenue).

Total Government Net Debt (% of GDP) for Euro Area in year 1981 is n/a %. Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable.

Total Government Gross Debt (% of GDP) for Euro Area in year 1981 is n/a %. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Current Account Balance (US Dollars) for Euro Area in year 1981 is US$ n/a Billion. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Current Account Balance (% GDP) for Euro Area in year 1981 is n/a %. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Imports of Goods and Services (US Dollars) for Euro Area in year 1981 is US$ -769.781 Billions.

Exports of Goods and Services (US Dollars) for Euro Area in year 1981 is US$ 743.641 Billions.