The quarter-on-quarter slump in EU GDP is the worst on record, and follows a fall of 3.2% in the first three months of the year. ||�6��8�Z��Xs���A�;�孿��ᙳ�-�#�Y�b&��r�M��N1�#�,��qT�**��A��Fg�uWd�Z'J=8���b!�|�~�k��tUT\�����q�JX����ʺ�q4a��n�1? In, European Commission. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.4 841.8] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Such fluctuations may cha… Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. The statistic shows the growth of the real gross domestic product (GDP) in the European Union and the Euro area from 2015 to 2019, with projections up until 2025. GDP Growth Rate in European Union averaged 0.38 percent from 1995 until 2020, reaching an all time high of 11.60 percent in the third quarter of 2020 and a record low of -11.20 percent in the second quarter of 2020. IFA (2020) urea consumption (updates 1970-2017) and production (updates 2017-2018) statistics. Download the entire news release (PDF 120KB) 26/08/2020 - Following the introduction of COVID-19 containment measures across the world since March 2020, real gross domestic product (GDP) in the OECD area showed an unprecedented fall, by (minus) 9.8%, in the second quarter of 2020, according to provisional estimates. The Europe 2020 strategy is the EU's agenda for growth and jobs for the 2010 - 2020 decade. Then you can access your favorite statistics via the star in the header. European Union gdp for 2018 was $15,965.03B, a 8.18% increase from 2017. How big is the EU economy? 6, 2021, New cases of COVID-19 worldwide from January 23, 2020 to April 5, 2021, by day, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Mar. Japan’s economy is market-driven so businesses, production, and prices shift according to consumer demand, not governmental action. The EU has adopted targets to be reached by 2020 in five areas: Employment While the 2008 financial crisis took a hit on the Japanese economy and has stunted its growth since then, it is expected that the 2020 Olympics will give it a boost. ��^}�R�3LJ With a projected gdp growth rate of 26.21% in 2020, Guyana is the fastest growing economy in the world. 2020-Q2 36 I.2.15. The Gross Domestic Product (GDP) in European Union contracted 0.50 percent in the fourth quarter of 2020 over the previous quarter. New, Figures and insights about the advertising and media world, Industry Outlook In terms of the total value of all goods and services produced (GDP), it is bigger than the US economy. Map of sovereign states in Europe by projected 2020 GDP (PPP) per capita based on international dollars. 2021, by country, COVID-19 vaccines contract size in doses by country and region 2021, COVID-19 vaccine dose numbers by top manufacturer 2021, Number of COVID-19 treatment vaccines in development worldwide by phase April 2021, Level of concern regarding the COVID-19 situation by country as of Mar. 16, 2021, by day, COVID-19 projected new cases per day worldwide from Dec. 1-Mar. Accessed Dec. 23, 2020. endobj 19/03/2021 Euro area job vacancy rate at 1.9%. GDP growth in the UK 1949-2020. "Real gross domestic product growth rate forecasts in selected European countries from 2020 to 2021." 6, 2021, Number of COVID-19 cases and deaths as of March 28, 2021, by region, Distribution of coronavirus (COVID-19) cases worldwide as of April 6, 2021, COVID-19 cases, recoveries, deaths in most impacted countries as of Apr. The preliminary flash estimate of the fourth quarter of 2020 GDP growth presented in this release is based on the data of 17 Member States, covering 93% of euro area GDP and 92% of EU GDP. Are you interested in testing our corporate solutions? Corporate solution including all features. and Peters, J.A.H.W. Canada’s GDP is expected to rise to $2.13 trillion by 2023. Chart. According to the Eurostat flash estimate, real GDP fell by 3.8% in the first quarter of 2020, bringing an … European Union gdp for 2019 was $15,626.45B, a 2.12% decline from 2018. GDP main aggregates and employment estimates for the third quarter of 2020 GDP up by 12.5% and employment up by 1.0% in the euro area In the EU, GDP up by 11.5% and employment up by 0.9% GDP growth in the euro area and EU In the third quarter of 2020, seasonally adjusted GDP increased by 12.5% in the euro area and by 11.5% in the EU Countries with the largest gross domestic product (GDP) 2020. Directly accessible data for 170 industries from 50 countries New, Everything you need to know about the industry development, Find studies from all around the internet. The forecast assumes that restrictions will continue to … Please do not hesitate to contact me. <>>> As a Premium user you get access to the detailed source references and background information about this statistic. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 31, 2021, by scenario, COVID-19 vaccine doses administered worldwide as of April 2021, by country, COVID-19 vaccination rate worldwide as of March 31, 2021, by country or territory, Share of population covered under COVID vaccine contracts as of Mar. Between 1990 and 2017, the EU's energy intensity — i.e. Many businesses go global to access greater talent pools, reach new markets, and diversify their teams for better business continuity. Eurostat. Economic activity in Europe suffered a severe shock in the first half of the year and rebounded strongly in the third quarter as containment measures were gradually lifted. More Gross domestic product outlook 3 0 obj In 2020, GDP in the European Union is expected to contract by 7.4 percent, due to the impact of the Coronavirus pandemic and lockdowns across the continent that resulted. Over 64 % of EU countries' total trade is done with other countries in the bloc. �����?�z�P�kx�U7P�ނ�ź�/�f�����*ւ�֕:z����@�.���v��κ�3����귻 t��X��|�y�[��l�yU��v`-�2`L1�Ɋ!�FCip-G��B�^yƉ��n����>���g����5;-x8"�w���8I��M��b��Ĉ�**!Z^��VUTR��K/����ꎠQ�.v��Z�\� y3���'��޾��4�+>�u 䍬t� ~����Ϩ��{�[[����]�w5Q���eTU����P]߀ �{/�����C+���[t�U�g �5{=f��r��:&�'�o ���h4:��� <> 2020, GDP had decreased by 3.6% in the euro area and by 3.2% in the EU. With a projected gdp growth rate of 26.21% in 2020, Guyana is the fastest … ��3߰��ܦn�lM k2��*R���պ�3��շ���gbu����v_�b�u��E�Yk��z骢����ִ�����8�n,0�����>_���+�Ɨ67� ��s�i}ƺ���3��}]s��O��n��X� But the recovery’s strength will depend crucially on the course of the pandemic, people’s behavior, and the degree of continued economic policy support. * s����T�t�wkG1�'x������I�rQ���y�WN�lW�(�C�ǚ6�}����-�iE ���3��z +!ޝR���(|e�E�����. The GDP value of European Union represents 13.39 percent of the world economy. and over 1 Mio. This feature is limited to our corporate solutions. GDP of the UK 1948-2020. Real GDP registered an unprecedented decline in the first quarter of 2020. EU GDP in 2017: 1. facts. ", European Commission, Real gross domestic product growth rate forecasts in selected European countries from 2020 to 2021 Statista, https://www.statista.com/statistics/1102546/coronavirus-european-gdp-growth/ (last visited April 08, 2021), Real gross domestic product growth rate forecasts in selected European countries from 2020 to 2021, The coronavirus disease (COVID-19) pandemic, Infection rates of viruses that caused major outbreaks worldwide as of 2020, Fatality rate of major virus outbreaks in the last 50 years as of 2020, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Apr. Canada’s per capita GDP of $46,260.71 is ranked 20th globally while its GDP (PPP) of $1.84 trillion is ranked 17th globally. Eurozone's GDP forecast for … the ratio between its gross inland energy consumption and its gross domestic product (GDP) — decreased by 37 %. Olivier, J.G.J. Guyana is followed by South Sudan (4.11%), Bangladesh (3.80%), and Egypt (3.55%). =d"&��[�em�� ���6xR��E���]ƪ/ ���$�c_i�S�bKj(�F��M�3�C�����_�'�X�����s� �,ٚA��}��`#����|y/�mW��wU�6�,"䀰�?ïg� CfW��C�n���.? European real GDP is now projected to contract by 7 percent in 2020, its biggest decline since World War II, followed by a rebound of 4.7 percent in 2021. [26] The euro is the second largest reserve currency and the second most traded currency in the world after the United States dollar . 31, 2021 by scenario, COVID-19 projected deaths worldwide from Dec. 1, 2020 to Mar. 4 0 obj Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Then you will be able to mark statistics as favourites and use personal statistics alerts. The economy of the European Union is expected to shrink by 7.4 percent in 2020, following the outbreak of Coronavirus (COVID-19) in early 2020, with an economic recovery anticipated in 2021. (November 5, 2020). Gross domestic product (GDP) at current market prices of selected European countries in 2019 (in billion euros) [Graph]. The Gross Domestic Product (GDP) in European Union was worth 15592.80 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Statista. You can only download this statistic as a Premium user. Only these four countries have a gdp growth rate above 3%. 6, 2021, Rate of COVID-19 cases in most impacted countries worldwide as of Apr. The Gross Domestic Product (GDP) in European Union contracted 0.50 percent in the fourth quarter of 2020 over the previous quarter. ISTANBUL. Gross Domestic Product of United States fell -3.5% in 2020 compared to last year. In the fourth quarter of 2020, the job vacancy rate was 1.9% in the euro area, up from 1.7% in the previous quarter and down from 2.2% in the fourth quarter of 2019, according to figures published by Eurostat, the statistical office of the European Union. It emphasised smart, sustainable and inclusive growth in order to improve Europe's competitiveness and productivity and underpin a sustainable social market economy. Economy. : Trend in Global CO2 and GHG Emissions – 2020 Report, PBL Report, forthcoming, 2020. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Please contact us to get started with full access to dossiers, forecasts, studies and international data. Economy. World Economic Outlook Update April 2019. (August 18, 2020). The European Union's GDP was estimated to be around $15 trillion (nominal) in 2020, representing around 1/6 of the global economy. Guidance related to GMP/GDP and PMF distant assessments EMA/335293/2020 Page 2/11 29 This guidance is applicable to manufacturers, importers, distributors and quality control laboratories 30 based in the EU/EEA and manufacturers and quality control laboratories in third countries, and is This page displays a table with actual values, consensus figures, forecasts, statistics and … HICP inflation is expected to rebound sharply from 0.3% in 2020 to 1.5% in 2021, peaking at 2.0% in the last quarter of 2021, before dropping to 1.2% in 2022 and then increasing to 1.4% in 2023. According to the latest forecast from the European Commission, the EU economy will shrink 8.3% in 2020. Canada has the fourth-highest estimated value of natural resources of $33.2 trillion. %���� Household consumption by purpose, change between 19-Q4 and 20-Q2 42 I.2.21. 12 2020, Expected length of COVID-19 outbreak worldwide as Mar. The expectations of SPF respondents for euro area real GDP growth averaged -8.3%, 5.7% and 2.4% for 2020, 2021 and 2022, respectively. Update, Insights into the world's most important technology markets, Advertising & Media Outlook For the 30% of grants allocated in 2023, average unemployment is replaced by GDP losses in 2020 (15%) and over 2020-21 on a cumulative basis (15%) as currently projected by the European Commission. The ideal entry-level account for individual users. Register in seconds and access exclusive features. As a Premium user you get access to background information and details about the release of this statistic. IMF/WEO data of annual GDP growth for missing data in the WB dataset for recent years. "�T���h�����K��!ކ���{��_`�?�� You need a Single Account for unlimited access. The Gross Domestic Product (GDP) in European Union was worth 15592.80 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. GDP Growth Rate in European Union averaged 0.38 percent from 1995 until 2020, reaching an all time high of 11.60 percent in the third quarter of 2020 and a record low of -11.20 percent in the second quarter of 2020. Real gross domestic product growth rate forecasts in selected European countries from 2020 to 2021 [Graph]. The EU has adopted targets to be reached by 2020 in five areas: Employment A paid subscription is required for full access. endobj 12 2020, by country, Global opinions on restrictions not stopping COVID-19 as of Mar. Compared with the same quarter of the previous year, seasonally adjusted GDP decreased by 15.0% in the euro area and by 14.1% in the EU in the second quarter of 2020, after -3.1% and -2.5% respectively in the previous "Brexit: All you need to know about the UK leaving the EU," Accessed September 19, 2020. 6, 2021, COVID-19 cases and deaths among hardest hit countries worldwide as of Apr. Profit from additional features by authenticating your Admin account. Japan’s GDP (PPP) is $5.75 trillion. stream This statistic is not included in your account. A lista az az európai országok bruttó hazai termék szerint rendezett sorrendje a 2018-as adatok alapján.. Az érték magában foglalja az összes árut és szolgáltatást, amit egy nemzet otthon előállított az adott évben.A GDP dollárbeli értéke a hivatalos valutaárfolyam alapján került kiszámításra, az adatok millió amerikai dollárban értendők. Selected indicators, change since February 2020 37 I.2.16. Twenty-six economies will experience a positive growth rate in 2020. Stringency of restrictions and mobility, euro area composite 38 I.2.18. endobj %PDF-1.5 Autumn 2020 Economic Forecast; Autumn 2020 Economic Forecast. Accessed April 08, 2021. https://www.statista.com/statistics/1102546/coronavirus-european-gdp-growth/, European Commission. National debt in EU countries in relation to gross domestic product (GDP) 2020 Public spending of the European Union and the euro area as share of GDP 2025 Public spending ratio in EU countries 2020 In Statista. Compliance with GDP ensures that: medicines in the supply chain are authorised in accordance with European Union (EU) legislation; ESI and PMI, euro area 38 I.2.17. Unprecedented fall in OECD GDP by 9.8% in Q2 2020 . An interactive map with projected data for 2020 from the IMF, using GDP based on purchasing power parity (PPP) per capita, shown in current international dollars. European Union gdp for 2017 was $14,758.43B, a 6.28% increase from 2016. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. 2 0 obj These represent revisions from the previous round of -2.8 percentage points for 2020 and +1.4 and +0.7 percentage points for 2021 and 2022. The GDP figure in 2020 was €18,330,065 $20,936,600 million, United States is the world's leading economy with regard to GDP, as can be seen in the ranking of GDP of the 196 countries that we publish. The Europe 2020 strategy is the EU's agenda for growth and jobs for the 2010 - 2020 decade. This rate is 57 -tenths of one percent less than the previous year, when changed 2.2%. Understanding the economic landscape of various countries will help you as you prepare for global expansion. 6, 2021, Number of tests for COVID-19 in most impacted countries worldwide as of Apr 6, 2021, Share of adults with mental health concerns during COVID-19 by country 2020, COVID-19 impact on exports APAC 2020 by country or region, Impact of coronavirus (COVID-19) on freelance work in Italy 2020, Estimated impact of coronavirus (COVID-19) on freelance work revenues in Italy 2020, Loss from cancelled festivals due to COVID-19 in Hungary 2020, by season, Monthly YOY change of car exports during COVID-19 pandemic South Korea 2020, Economic impact of COVID-19 outbreak on tourism in South Korea Q1 2020, Estimated quarterly economic impact from COVID-19 on India's GDP FY 2021 by sector, Estimated COVID-19 outbreak impact on GDP growth in China 2020, by scenario, Major problems of companies due to COVID-19 in Russia 2020, COVID-19 - trade impact on the machinery sector by market 2020, Business demands on government policies during coronavirus outbreak in China 2020, Audience distribution of Shinhwa Seoul concerts 2019, by age, Total Chinese arrivals in GCC region 2016, Forecasted packaged software spending growth worldwide 2016-2020, Forecasted five year cagr of hotel market in GCC 2017, by country, Telecom services spending growth forecast for Western Europe 2014-2019, Italy: growth forecast for luxury sector in 2016, by destination market, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. GDP of European countries in 2019. Economy. "Real Gross Domestic Product Growth Rate Forecasts in Selected European Countries from 2020 to 2021. Eurostat notes “these declines, related to COVID-19 containment measures, follow a … European Commission. Gross Domestic Product (GDP) in the Euro Area (EA) decreased by 0.7% in the fourth quarter of 2020, compared to the previous quarter while the decline in the EU was 0.5% during the same period. ��o{��w��+~��z ��y�> �ɕ�tb���k] �~���|�7 ?��7|�\�pxE�����w=_��-��4��)��� �YT��5�9�����[�Z�!���;/����3j�1�gE�VL���=O6�$�ž���`�O����+���p���b`{@���*n�����qX���݇HZ��E9�)�yg��Q�! Learn more about how Statista can support your business. Please authenticate by going to "My account" → "Administration". You only have access to basic statistics. November 5, 2020. Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. List of nominal GDP for European countries in billion USD. The country coverage was not affected by the COVID-19 crisis. Please create an employee account to be able to mark statistics as favorites. $10,000 - 15,000 $15,000 - $20,000 $20,000 - $30,000 $30,000 - $45,000 $45,000 - $60,000 $60,000 - $90,000 $90,000 - $120,000 <> European Union gdp for 2016 was $13,886.85B, a 2.52% increase from 2015. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, COVID-19 deaths worldwide per million population as of March 30, 2021, by country, COVID-19 deaths worldwide as of April 6, 2021, by country, COVID-19 cases worldwide as of April 6, 2021, by country, COVID-19 death rates worldwide as of March 30, 2021, by country. GDP levels compared to 2019-Q4 41 I.2.20. With that being said, we’ve listed out the top 15 countries by GDP in 2020. This is a sortable list of all European countries by their gross domestic product in US dollars at market or official government exchange rates (nominal GDP), according to the International Monetary Fund.The economic and political map of Europe also includes: Turkey, Georgia, Armenia, Azerbaijan, and Kosovo. It emphasised smart, sustainable and inclusive growth in order to improve Europe's competitiveness and productivity and underpin a sustainable social market economy. Euro area's gross domestic product (GDP) expectation for 2020 dropped from 1.5% to 1.4%, the European Commission said on Wednesday. 21, 2020, by country, Satisfaction with the government's response to the COVID-19 pandemic 2020, Experiences and actions taken due to the COVID-19 / coronavirus pandemic 2020, Shifting to online purchases because of the COVID-19 pandemic 2020, by category, COVID-19 pandemic's level of impact on personal finances in selected countries 2020, Losing income due to the COVID-19 / coronavirus pandemic 2020, Rate of COVID-19 testing in most impacted countries worldwide as of Apr. In terms of the total value of all goods and services produced, EU gross domestic product (GDP) in 2019, when the UK was still part of the EU, was €16.4 trillion. Repayments are assumed to correspond to countries’ shares in EU gross national income. x��=]o7����%���j5�I`�@{}Y\p���}0�a,�l���%�?V��M�4�-[ y��f����G��e}���7�����������y{�f����o�~ޞ�ڼ����w7������m7��/�[����ߞ>������k�S�l�d�m�l�>��_���O~x�����Y�x�����+v k$o5W����擯��i���F��X�Tz����U��w��O�������Lܾf�����Bg����O���}��W�/w�5 ӭ����b7���9���ǟ�7��on�7�������B9o��(W���6��V�)ҏb� F�B4�ӭ:$���2ݼ�x�b\}[KX�k�[�X߮��f�;�>㫮Y�o�j�E�곺�L� "FRANCE." Trade. Gross domestic product (GDP… 1 0 obj Good distribution practice (GDP) describes the minimum standards that a wholesale distributor must meet to ensure that the quality and integrity of medicines is maintained throughout the supply chain.. CIA World Factbook. This decrease was continuous throughout the entire period, with an average annual decrease of 1.7 % per year. The GDP value of European Union represents 13.39 percent of the world economy. Real GDP growth path, euro area 41 I.2.19. You need at least a Single Account to use this feature. 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