The chart above shows the annualized nominal gross domestic product (GDP) in each EU state as of the fourth quarter of 2018 in millions of euros, the change from five years ago, and the GDP ten years prior. Germany's economy grew more over the past five years than 22 states' entire GDP.
Findings
- The difference between the state with the largest GDP, Germany, and the state with the smallest, Malta, is €3,402,994 million (up from €2,865,237 million five years ago and up from €2,515,698 million ten years ago). Germany and Malta had the largest and smallest GDP respectively both five and ten years ago.
- Germany has 269.86 times the GDP that Malta does. The ratio of largest GDP to smallest GDP was down from 366.91 five years ago and down from 405.64 ten years ago.
- The median GDP in the 28 EU states is €209,930 million (up from €174,448 million five years ago and up from €179,803 ten years ago) and the mean €573,326 million (up from €491,094 five years ago and up from €456,973 ten years ago).
- All 28 states saw their GDP rise over the past five years.
- Twenty-seven states saw their nominal GDP rise over the past ten years while one saw its GDP decline.
Caveats
- Data is from the fourth quarter of 2018.
- The data is seasonally adjusted in current euros.
- The data is annualized by multiplying the quarterly figure by four.
- All figures are rounded to the nearest hundredth.
Details
In absolute terms, Cyprus saw the smallest increase over the past five years with a rise of €3,139.20 million. Germany had the largest growth with a gain of €542,584.00 million. Over the past ten years, Greece had the largest decrease with a drop of €54,463.60 million while Germany had the greatest increase with a gain of €893,736.00 million.
In relative terms, Greece had the smallest increase over the past five years with a 4.90% rise in GDP while Ireland had the greatest increase with a 79.20% rise in GDP. Over the past ten years, Greece had the largest decrease with a 22.73% drop in GDP while Malta had the largest growth with a 103.58% rise in GDP.
There were 18 states with a GDP of over €100,000 million ten years ago, 18 states five years ago, and 18 states now. On the flip side, there were nine states with a GDP of less than €50,000 million ten years ago, nine states five years ago, and six states now.
Romania overcame the most states in the five year period going from having the 17th largest GDP to the 14th largest GDP. Conversely, Greece was surpassed by three states in the five year period. Over the past ten years, Ireland, Romania, and Luxembourg each surpassed three states, while Greece was surpassed by six going from the 11th largest economy in the EU to the 17th.
Data
| State | Fourth Quarter 2008 | Fourth Quarter 2013 | Fourth Quarter 2018 |
|---|---|---|---|
| Austria | 290,650 | 326,130.4 | 390,286.4 |
| Belgium | 349,424 | 396,284 | 456,604 |
| Bulgaria | 38,260 | 42,560.8 | 56,008.8 |
| Croatia | 47,890 | 43,210.4 | 52,113.6 |
| Cyprus | 19,020.8 | 17,738 | 20,877.2 |
| Czechia | 157,473.2 | 157,111.6 | 209,608.8 |
| Denmark | 238,899.6 | 261,252.8 | 302,118.8 |
| Estonia | 15,880.4 | 19,211.6 | 26,502.8 |
| Finland | 191,304 | 204,764 | 236,580 |
| France | 1,973,568 | 2,130,616 | 2,376,632 |
| Germany | 2,521,916 | 2,873,068 | 3,415,652 |
| Greece | 239,562.8 | 176,458.8 | 185,099.2 |
| Hungary | 102,358 | 103,381.2 | 134,746 |
| Ireland | 181,579.6 | 181,375.2 | 325,026.4 |
| Italy | 1,611,284 | 1,612,018.4 | 1,758,518.8 |
| Latvia | 23,274.8 | 23,165.6 | 30,386.4 |
| Lithuania | 32,016.8 | 35,678.8 | 46,595.2 |
| Luxembourg | 37,061.2 | 47,476.8 | 59,885.6 |
| Malta | 6,217.2 | 7,830.4 | 12,657.2 |
| Netherlands | 648,386 | 664,491.6 | 785,642 |
| Poland | 347,484.4 | 403,350.8 | 502,222.4 |
| Portugal | 178,026.4 | 172,437.6 | 203,618 |
| Romania | 149,206.4 | 146,822.4 | 210,250.8 |
| Slovakia | 68,358.8 | 74,751.6 | 92,154.4 |
| Slovenia | 37,616 | 37,007.6 | 47,006.4 |
| Spain | 1,106,464 | 1,029,376 | 1,224,944 |
| Sweden | 327,335.6 | 433,016.8 | 473,316.8 |
| United Kingdom | 1,854,720 | 2,130,052 | 2,418,068 |