View Full Version : Economy of Europe

15-03-07, 18:49
The economy of Europe is comprised of more than 710 million people in 48 different states. Like other continents, the wealth of Europe's states varies, although the poorest are well above the poorest states of other continents in terms of GDP and living standards. The difference in wealth across Europe can be seen in a rough East-West divide. Whilst Western European states all have high GDPs and living standards, many of Eastern Europe's economies are emerging from the collapse of the USSR and former Yugoslavia. Throughout this article "Europe" and derivatives of the word are taken to include selected states that are geographically in Asia, bordering Europe - such as Azerbaijan and Cyprus.

As a continent, Europe has the largest economy. Europe's largest national economy is that of Germany, which ranks third globally in nominal GDP, and fifth in purchasing power parity (PPP) GDP; and its second is that of the United Kingdom, which ranks fifth globally in nominal GDP and sixth in PPP GDP. The European Union is the world's largest (as determined by the IMF and the World Bank - 2005) or second largest economy (CIA World Factbook - 2006) if counted as a single unit -- see List of countries by GDP (PPP)
Economy of Europe
During 2003 unless otherwise stated Population: 710,000,000
GDP (PPP): US$ $12.82 trillion (2006)
GDP/capita (PPP) : $29,300
GDP /capita (Currency) : $30.937
Annual growth of
per capita GDP: 2.8% (2006)
Income of top 10%: 27.5%
Millionaires: 2.6 million (0.3%)
Unemployment 8.8% (2006)
Estimated female
income 56.7% of male
Most numbers are from the UNDP from 2002, some numbers exclude certain countries for lack of information. Statistics are for entire nations, not just the portions within Europe.