The chart above shows the annualized nominal gross domestic product (GDP) in each EU state as of the second quarter of 2019 in millions of euros, the change from the previous quarter, and the GDP one year prior. Sweden is the only state to see a drop from the previous quarter.
Findings
- The difference between the state with the largest GDP, Germany, and the state with the smallest, Malta, is €3,414,050.40 million (up from €3,394,288.80 million last quarter and up from €3,332,322.80 million last year). Germany and Malta had the largest and smallest GDP respectively both last quarter and last year.
- Germany has 262.70 times the GDP that Malta does. The ratio of largest GDP to smallest GDP was down from 266.36 last quarter and down from 273.49 last year.
- The median GDP in the 28 EU states is €217,317.20 million (up from €214,137.00 million last quarter and up from €204,806.80 last year) and the mean €585,331.41 million (up from €581,075.17 the previous quarter and up from €566,536.24 last year).
- Twenty-seven states saw their nominal GDP rise from the previous quarter while one saw it drop.
- All 28 states saw their nominal GDP rise from last year.
Caveats
- Data is from the second quarter of 2019, the first quarter of 2019, and the second 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.
Details
In absolute terms, Sweden saw the largest decrease over the previous quarter with a drop of €5,825.60 million. Germany had the largest growth with a gain of €20,016.00 million. Year over year, Cyprus had the smallest increase with a gain of €556.40 million while the United Kingdom had the greatest increase with a gain of €93,074.00 million.
In relative terms, Sweden had the largest decrease over the previous quarter with a 1.22% drop in GDP while Luxembourg had the greatest increase with a 2.34% rise in GDP. Year over year, Italy had the smallest increase with a 0.50% gain in GDP while Bulgaria had the largest growth with a 10.75% rise in GDP.
Germany accounted for over one-fifth of the economic output of the 28 states at 20.91%. It, with the United Kingdom accounted for just over one-third of the economic output of the 28 states at 36.31%. Adding in France amounts to just over half the economic output of the 28 states at 51.04%.
Lithuania (from 24th to 23rd largest GDP) surpassed one state over the previous quarter. Conversely, Slovenia (from 23rd to 24th) was bested by one state. Year over year, Romania (from 16th to 15th) and Lithuania (from 24th to 23rd) each surpassed one state while Portugal (from 15th to 16th) and Slovenia (from 23rd to 24th) each were bested by one.
Data
| State | Second Quarter 2018 | First Quarter 2019 | Second Quarter 2019 |
|---|---|---|---|
| Austria | 383,780.4 | 395,349.6 | 397,030 |
| Belgium | 458,508 | 467,392 | 472,108 |
| Bulgaria | 55,391.6 | 60,226.8 | 61,346.4 |
| Croatia | 51,636.4 | 52,980 | 53,500.4 |
| Cyprus | 21,459.2 | 21,664.4 | 22,015.6 |
| Czechia | 206,433.2 | 216,239.2 | 219,064.8 |
| Denmark | 296,272 | 303,764 | 307,034.8 |
| Estonia | 25,773.2 | 27,464 | 27,811.6 |
| Finland | 233,472 | 238,928 | 241,580 |
| France | 2,344,084 | 2,397,948 | 2,414,620 |
| Germany | 3,344,552 | 3,407,080 | 3,427,096 |
| Greece | 183,271.2 | 185,906.4 | 187,252.8 |
| Hungary | 132,555.6 | 141,971.6 | 143,035.6 |
| Ireland | 320,196.4 | 337,518 | 345,415.6 |
| Italy | 1,768,768.4 | 1,774,806.8 | 1,777,598.4 |
| Latvia | 28,822.4 | 30,148 | 30,427.6 |
| Lithuania | 44,643.6 | 47,278 | 47,960.8 |
| Luxembourg | 59,539.6 | 62,134.4 | 63,589.2 |
| Malta | 12,229.2 | 12,791.2 | 13,045.6 |
| Netherlands | 769,348.8 | 797,156 | 806,087.6 |
| Poland | 489,843.6 | 512,755.6 | 524,010.4 |
| Portugal | 203,180.4 | 209,082.4 | 209,650.8 |
| Romania | 198,587.6 | 212,034.8 | 215,569.6 |
| Slovakia | 89,196.4 | 92,840 | 93,530.8 |
| Slovenia | 45,635.6 | 47,610.8 | 47,906.8 |
| Spain | 1,198,164 | 1,226,704 | 1,244,620 |
| Sweden | 467,118.4 | 478,570.4 | 472,744.8 |
| United Kingdom | 2,430,551.6 | 2,511,760.4 | 2,523,625.6 |
Sources
Eurostat. 2019. "GDP and Main Components." Accessed November 15, 2019. https://appsso.eurostat.ec.europa.eu/nui/show.do?query=BOOKMARK_DS-406779_QID_1F30ECEB_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.