21, Mar 2010, CDT. Welcome to the Econ Stats Beta from EconomyWatch.com.

Country: European Union
National or Regional Currency: US Dollar, US$
Year of data: 2004 › Change year
Date of Last Update: 26 January 2010
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
Government Type: European Union government type
Government Ministers: European Union Ministers
Capital: name: Brussels (Belgium), Strasbourg (France), Luxembourg geographic coordinates: 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 note: the Council of the European Union meets in Brussels, Belgium; the European Parliament meets in Brussels and Strasbourg, France; the Court of Justice of the European Communities meets in Luxembourg
Data Source: All Sources (IMF, World Bank, UN, OECD, CIA World Factbook)
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GDP Growth (Constant Prices, National Currency) for European Union in year 2004 is 2.68 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, US Dollars) for European Union in year 2004 is US$ 13,180.30 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 (PPP), US Dollars for European Union in year 2004 is US$ 12,414.07 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 created from primary sources and are used solely for purposes of generating country group composites.

GDP Share of World Total (PPP) for European Union in year 2004 is 23.807 %. 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.

Investment (% of GDP) for European Union in year 2004 is 19.863 %. 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 investment.

Gross National Savings (% of GDP) for European Union in year 2004 is 20.374 %. 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 investment.

Inflation (Average Consumer Price Change %) for European Union in year 2004 is 2.339 %. Data for inflation are averages for the year, not end-of-period data.

Inflation (End of Year Change %) for European Union in year 2004 is 2.456 %. Data for inflation are end of the period, not annual average data.

General Government Balance (% of GDP) for European Union in year 2004 is -2.938 %. 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.

Current Account Balance (US Dollars) for European Union in year 2004 is US$ 65.47 Billion. 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 current account, as well as the exclusion of data for international organizations and a limited number of countries.

Current Account Balance (% GDP) for European Union in year 2004 is 0.497 %. 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 current account, as well as the exclusion of data for international organizations and a limited number of countries.