The chart above shows the annualized nominal gross domestic product (GDP) in each EU state as of the first quarter of 2019 in millions of euros, the change from the previous quarter, and the GDP one year prior. Germany is the only state with an annualized GDP of over €3 trillion.
- The difference between the state with the largest GDP, Germany, and the state with the smallest, Malta, is €3,395,927.20 million (up from €3,375,846.80 million last quarter and up from €3,301,417.60 million last year). Germany and Malta had the largest and smallest GDP respectively both last quarter and last year.
- Germany has 267.54 times the GDP that Malta does. The ratio of largest GDP to smallest GDP was down from 267.71 last quarter and down from 279.31 last year.
- The median GDP in the 28 EU states is €214,185 million (up from €210,490 million last quarter and up from €202,703 last year) and the mean €579,041 million (up from €572,486 the previous quarter and up from €560,615 last year).
- All 28 states saw their nominal GDP rise from the previous quarter.
- All 28 states saw their nominal GDP rise from last year.
- Data is from the first quarter of 2019, the fourth quarter of 2018, and the first quarter of 2018.
- The data is seasonally and calendar adjusted in current euros except for Slovakia which is only seasonally adjusted in current euros.
- The data is annualized by multiplying the quarterly figure by four.
- All figures are rounded to the nearest hundredth.
In absolute terms, Luxembourg saw the smallest increase over the previous quarter with a gain of €40.80 million. The United Kingdom had the largest growth with a gain of €62,229.20 million. Year over year, Cyprus had the smallest increase with a gain of €869.20 million while the United Kingdom had the greatest increase with a gain of €112,587.20 million.
In relative terms, Luxembourg had the smallest increase over the previous quarter with a 0.07% gain in GDP while Bulgaria had the greatest increase with a 5.71% rise in GDP. Year over year, Sweden had the smallest increase with a 0.27% gain in GDP while Bulgaria had the largest growth with a 10.60% rise in GDP.
Germany accounted for over one-fifth of the economic output of the 28 states at 21.02%. It, with the United Kingdom accounted for just over one-third of the economic output of the 28 states at 36.32%. Adding in France amounts to just over half the economic output of the 28 states at 51.11%.
No state overcame another from the previous quarter. Year over year, Romania surpassed Portugal going from the 16th largest economic output to the 15th while Portugal fell from 15th to 16th.
|State||First Quarter 2018||Fourth Quarter 2018||First Quarter 2019|
Eurostat. 2019. "GDP and Main Components." Accessed August 19, 2019. https://appsso.eurostat.ec.europa.eu/nui/show.do?query=BOOKMARK_DS-406779_QID_-64A128D_UID_-3F171EB0&layout=TIME,C,X,0;GEO,L,Y,0;UNIT,L,Z,0;S_ADJ,L,Z,1;NA_ITEM,L,Z,2;INDICATORS,C,Z,3;&zSelection=DS-406779UNIT,CP_MEUR;DS-406779INDICATORS,OBS_FLAG;DS-406779S_ADJ,SCA;DS-406779NA_ITEM,B1GQ;&rankName1=UNIT_1_2_-1_2&rankName2=INDICATORS_1_2_-1_2&rankName3=NA-ITEM_1_2_-1_2&rankName4=S-ADJ_1_2_-1_2&rankName5=TIME_1_0_0_0&rankName6=GEO_1_2_0_1&sortC=ASC_-1_FIRST&rStp=&cStp=&rDCh=&cDCh=&rDM=true&cDM=true&footnes=false&empty=false&wai=false&time_mode=NONE&time_most_recent=false&lang=EN&cfo=%23%23%23%2C%23%23%23.%23%23%23.