Eurostat compares EU to other leading economies
Eurostat, the statistical office of the European Union, has recently released the latest edition of its regular publication "The EU in the world". This publication provides a portrait of the EU, considered as a single entity, in relation to the 15 non-EU G20 countries. For many indicators the total for the world is also included. The indicators cover a broad range of areas and include population, living conditions, health, education & training, labour market, economy & finance, trade, industry & services, research & communication, transport, agriculture, environment and energy.
According to the report, 7% of the world's population live in the EU, and the EU has the second highest old age dependency ratio among G20 members. The EU also accounts for almost a quarter of the world GDP and is among the G-20 leaders for environment and renewable energy.
With regard to GDP, Eurostat has also released its most recent estimate for the seasonally adjusted GDP of the EU for the second quarter of 2015. According to the statistics office, GDP rose by 0.4% in both the euro area and the EU28 during the second quarter of 2015, compared with the previous quarter. In the first quarter of 2015, GDP grew by 0.5% in both areas. These figures mean that compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.5% in the euro area and by 1.9% in the EU28 in the second quarter of 2015, after +1.2% and +1.7% respectively in the previous quarter. By comparison, GDP in the United States rose by 0.9% during the second quarter of 2015 (+0.2% in the first quarter of 2015), or by 2.7% compared with the second quarter of 2014 (after +2.9% in the previous quarter).
When looking at individual EU countries, GDP increased in all EU Member States during the second quarter of 2015, except France where it remained stable. The highest growth compared with the previous quarter was recorded in Latvia (+1.2%), Malta (+1.1%), the Czech Republic, Spain and Sweden (all +1.0%), followed by Greece and Poland (both +0.9%), Slovakia (+0.8%), Estonia, Croatia, Lithuania, Slovenia and the United Kingdom (all +0.7%). The lowest growth rates were registered in the Netherlands, Austria and Romania (all +0.1%).
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