GDP and Change in GDP in EU Regions between 2016 and 2017

Jul 30, 2018
Chart of GDP and change in GDP in EU regions between 2016 and 2017

The chart above shows the GDP and change in GDP over the last year in EU regions.  Although the Eastern EU had the highest growth rate last year at 8.53%, it was the Western EU that had the greatest absolute growth in the Union with a growth of €195,329,300,000 even though it had the lowest growth rate of all the regions.

Findings

  • The difference between the region with the greatest absolute growth in GDP, the Western EU, and the region with the least, the Northern EU, is €164,499,100,000.
  • The Western EU has 6.34 times the absolute economic growth that the Northern EU does in the past year.
  • The difference between the region with the greatest growth rate in GDP, the Eastern EU, and the region with the least, the Western EU, is 6.49 percentage points.
  • The Eastern EU has 4.18 times the economic growth rate that the Western EU does in the past year.
  • No one region overtook another over the past year.

Caveats

  • All percentages are rounded to the nearest hundredth.
  • The Western EU consists of Germany, United Kingdom, France, Netherlands, Belgium, Austria, Ireland, and Luxembourg.
  • The Southern EU consists of Italy, Spain, Portugal, Greece, Cyprus, and Malta.
  • The Eastern EU consists of Poland, Czech Republic, Romania, Hungary, Slovakia, Bulgaria, Croatia, Slovenia, Lithuania, Latvia, and Estonia.
  • The Northern EU consists of Sweden, Denmark, and Finland.

Details

The Western EU was the only region which had a state whose economy shrank in the past year in the United Kingdom.

The European Union as a whole grew by €421,612 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.

Filed under: Charts and Graphs