European Union

Economy

: Main article: Economy of the European Union

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If considered a single unit, the European Union has the second largest economy in the world with a 2005 GDP of 11,650,000 PPPs. The EU economy is expected to grow further over the next decade as more countries join the union - especially considering that the new States are usually poorer than the EU average, and hence the expected fast GDP growth will help achieve the dynamic of the united Europe. However, It's estimated that the Eurozone will only grow around 0.3 percent(Q2 2005)1, while other industrialised nations such as the United States is estimated to grow three times as much at around 3.2%. (Q2 2005)

Related Topics:
2005 GDP - PPP - EU economy - Industrialised

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2

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Standard of living

Below is a table and three graphs showing, respectively, the GDP (PPP), the GDP (PPP) per capita and the GDP (nominal) per capita for the European Union and for each of its 25 member states. This can be used as a rough gauge to the relative standards of living among member states. The two future members Bulgaria and Romania are also included in the table. The data set is for the year 2005 and graphs are for the year 2004. All 2005 data are projections.

Related Topics:
GDP - PPP

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Source: CIA World Factbook http://www.cia.gov/cia/publications/factbook/geos/ee.html

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All other figures, source: IMF web site (2005 GDP PPP, 2005 per capita GDP PPP, 2005 per capita GDP, current prices).

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