European Union Economic Statistics and Indicators

21, Nov 2018, EST. Welcome to the European Union economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: European Union › Change country
National or Regional Currency: US Dollar, US$
Year of data: 2015 › Change year
Number of Indicators Listed: 17
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 511,434,812 (July 2014 est.)
Area: total: 4,324,782 sq km
Natural Resources: iron ore, natural gas, petroleum, coal, copper, lead, zinc, bauxite, uranium, potash, salt, hydropower, arable land, timber, fish
Capital: name: Brussels (Belgium), Strasbourg (France), Luxembourg note - the European Council and the Council of the European Union meet in Brussels, Belgium; the European Parliament meets in Brussels and Strasbourg, France, and has administrative offices in Luxembourg; the Court of Justice of the European Union meets in Luxembourg ; geographic coordinates: (Brussels) 50 50 N, 4 20 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

Internally, the EU has adopted the framework of a single market with free movement of goods, services and capital and a common currency amongst 18 member states. Internationally, the EU aims to bolster Europe's trade position and its political and economic weight. Despite great differences in per capita income among member states (from $13,000 to $82,000) and in national attitudes toward issues like inflation, debt, and foreign trade, the EU has achieved a high degree of coordination of economic and fiscal policies. Eleven established EU member states, under the auspices of the European Economic and Monetary Union (EMU), introduced the euro as their common currency on 1 January 1999 (Greece did so two years later). Between 2004 and 2007, 12 states acceded to the EU that are, in general, less advanced economically than the other 15 member states. On 1 July 2013 Croatia became the most recent member of the EU, following a decade long application process. Of the 13 most recent entrants, Slovenia (1 January 2007), Cyprus and Malta (1 January 2008), Slovakia (1 January 2009), Estonia (1 January 2011) and Latvia (2014) have adopted the euro; 11 other member states - other than the UK and Denmark, which have formal opt-outs - are required by EU treaties to adopt the common currency upon meeting fiscal and monetary convergence criteria. Following the 2008-09 global economic crisis, the EU economy saw moderate GDP growth in 2010 and 2011, but a sovereign debt crisis in the eurozone intensified in 2011, making it impossible for several member states to gain market financing for new sovereign debt to sustain fiscal deficits. As a result, the eurozone crisis became the bloc's top economic and political priority. Despite EU/IMF rescue programs in Greece, Ireland, Portugal, Spain and Cyprus, and fiscal consolidation measures in many other EU member states, significant risks to growth remain, including high public and private debt loads, crimped lending as banks raise capital, aging populations, onerous regulations, and high unemployment. In response, eurozone leaders in 2011 boosted funding levels for the temporary European Financial Stability Facility (EFSF) to almost $600 billion and made loan terms more favorable for crisis-hit countries, followed in July 2012 by the permanent European Stabilization Mechanism (ESM). In addition, 26 of 28 EU member states (all except the UK and Czech Republic) enacted a "fiscal compact" treaty to boost long-term budgetary discipline and coordination. In September 2012 the European Central Bank indicated its willingness to purchase bonds from troubled eurozone member states that agree to a formal program of fiscal and structural reforms, aiming to reduce their borrowing costs and restore confidence in the eurozone. The eurozone has since made great strides towards a banking union to increase financial stability and improve lending conditions. In an effort to restore economic growth and create jobs, in 2013 the EU and the United States started negotiations on an ambitious and comprehensive free trade agreement with the goal of expanding already massive trade and investment flows.
More on the European Union Economy
More on the European Union Export, Import and Trade

Aggregate Indicators for European Union
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for European Union
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for European Union
  Natural Resources, Agricultural Products, Land Use and Water Use for European Union
  Nationality, Ethnic Groups, Languages and Religions for European Union
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for European Union
  Age Structure, Median Age, Gender and Urbanization for European Union
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for European Union
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for European Union
  HIV, AIDS and Other Major Infectious Disease Rates for European Union
  Literacy Rate, Educational Expenditure and School Life Expectancy for European Union
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for European Union
  Industries and Industrial Growth Production Rate for European Union
  Labor Force by Occupation for European Union
  Poverty Line, Gini Index, Household Income and Consumption for European Union
  National Budget and Public Debt for European Union
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for European Union
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for European Union
  Stock Market Capitalization: Market Value of Publicly Traded Shares for European Union
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for European Union
  Foreign Exchange Reserves and Gold Reserves for European Union
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for European Union
  Exchange Rate Statistics for European Union
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for European Union
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for European Union
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for European Union
  Television and Radio Statistics (TV Stats, Radio Stats) for European Union
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for European Union
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for European Union
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for European Union
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for European Union
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for European Union
* Source: CIA
European Union Economic Indicators in other Years
  European Union Economic Indicators for Year 2021 (Forecast)
  European Union Economic Indicators for Year 2020 (Forecast)
  European Union Economic Indicators for Year 2019 (Forecast)
  European Union Economic Indicators for Year 2018 (Forecast)
  European Union Economic Indicators for Year 2017 (Forecast)
  European Union Economic Indicators for Year 2016 (Forecast)
European Union Economic Indicators for Year 2015 (Current)
  European Union Economic Indicators for Year 2014
  European Union Economic Indicators for Year 2013
  European Union Economic Indicators for Year 2012
  European Union Economic Indicators for Year 2011
  European Union Economic Indicators for Year 2010
  European Union Economic Indicators for Year 2009
  European Union Economic Indicators for Year 2008
  European Union Economic Indicators for Year 2007
  European Union Economic Indicators for Year 2006
  European Union Economic Indicators for Year 2005
  European Union Economic Indicators for Year 2004
  European Union Economic Indicators for Year 2003
  European Union Economic Indicators for Year 2002
  European Union Economic Indicators for Year 2001
  European Union Economic Indicators for Year 2000
  European Union Economic Indicators for Year 1999
  European Union Economic Indicators for Year 1998
  European Union Economic Indicators for Year 1997
  European Union Economic Indicators for Year 1996
  European Union Economic Indicators for Year 1995
  European Union Economic Indicators for Year 1994
  European Union Economic Indicators for Year 1993
  European Union Economic Indicators for Year 1992
  European Union Economic Indicators for Year 1991
  European Union Economic Indicators for Year 1990
  European Union Economic Indicators for Year 1989
  European Union Economic Indicators for Year 1988
  European Union Economic Indicators for Year 1987
  European Union Economic Indicators for Year 1986
  European Union Economic Indicators for Year 1985
  European Union Economic Indicators for Year 1984
  European Union Economic Indicators for Year 1983
  European Union Economic Indicators for Year 1982
  European Union Economic Indicators for Year 1981
  European Union Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International