The chart above shows the GDP and change in GDP over the last year in EU states in euros. Although Germany had far from the greatest relative growth at 3.79%, it had the largest absolute growth in the Union nearly double that of the second largest absolute growth seen in France and German growth accounted for over one out of every four euros of growth in the entire Union.
Findings
- The difference between the state with the greatest absolute growth in GDP, Germany, and the state with the least, Malta, is €118,370,700,000.
- Germany has 128.38 times the absolute economic growth that Malta does in the past year.
- The difference between the state with the greatest relative growth in GDP, Poland, and the state with the least, Greece, is 8.63 percentage points.
- Poland has 5.25 times the relative economic growth rate that Greece does in the past year.
- The United Kingdom was the only state in the Union whose economy contracted in the past year.
- Ireland overtook Denmark to become the 11th largest economy in the Union.
- Romania overtook Greece.
Caveats
- All percentages are rounded to the nearest hundredth.
Details
Only two states surpassed two other states in the past year. Ireland's economy grew from €275,567 million to €296,152 million while Denmark's only grew from €277,489 million to €288,374 million. Romania surpassed Greece by growing from €169,772 million to €187,868 million while Greece only went from €174,199 million to €177,735 million.
The European Union as a whole grew by €421,611 million last year for a growth rate of 2.83%.
Sources
Eurostat. 2018. "Eurostat - Tables, Graphs and Maps Interface." Accessed June 26, 2018. http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=tec00001&plugin=1.