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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 1984 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 1984 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 1984 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 1984 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 1984 is US$ n/a Billion. 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

GDP Per Capita (PPP), US Dollars for Euro Area in year 1984 is US$ n/a . 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

GDP Share of World Total (PPP) for Euro Area in year 1984 is n/a %. 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

Investment (% of GDP) for Euro Area in year 1984 is n/a %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investm

Gross National Savings (% of GDP) for Euro Area in year 1984 is n/a %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investm

Inflation (Average Consumer Price Change %) for Euro Area in year 1984 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 1984 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 1984 is n/a %.

Import Volume of All Items Including Goods and Services (Percent Change) for Euro Area in year 1984 is 5.754 %.

Import Volumes of Goods Only (Percent Change) for Euro Area in year 1984 is 6.651 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Euro Area in year 1984 is 7.919 %.

Export Volumes of Goods Only (Percent Change) for Euro Area in year 1984 is 8.091 %.

Terms of Trade of All Items Including Services and Goods (Percent Change) for Euro Area in year 1984 is -0.43 %.

Terms of Trade of Goods (Percent Change) for Euro Area in year 1984 is 0.262 %.

Unemployment Rate (% of Labour Force) for Euro Area in year 1984 is n/a %.

Employment for Euro Area in year 1984 is n/a Million .

Total Government Net Lending/ Borrowing (% of GDP) for Euro Area in year 1984 is n/a %.

General Government Structural Balance (% Potential GDP) for Euro Area in year 1984 is n/a %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches t

Current Account Balance (US Dollars) for Euro Area in year 1984 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

Current Account Balance (% GDP) for Euro Area in year 1984 is n/a %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on cu

Imports of Goods and Services (US Dollars) for Euro Area in year 1984 is US$ -672.25 Billions.

Exports of Goods and Services (US Dollars) for Euro Area in year 1984 is US$ 694.679 Billions.

General Government Balance (% of GDP) for Euro Area in year 1984 is n/a %. Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections.