European Union member economies

The economy of the Republic of Austria may be characterised as a social market economy similar in structure with Germany's. The country has a very high standard of living in which the government has played an important role in its citizen's life ever since 1945. Austria is the 4th richest country within the European Union having a GDP (PPP) per capita of approximately 33,000 USD, with Luxemburg, Ireland and Denmark leading the list. Vienna is ranked the 6th richest NUTS-2 region within Europe (see Economy of Europe) with 38,000 USD GDP per capita. Growth has been steady but slow in the years 2002- 2005 pendling between 1 and 2.5 %. Because of its position in central Europe it has gained significance as a gateway to the new EU memberstates. ...more on Wikipedia about "Economy of Austria"

Belgium, a highly developed market economy, belongs to the Organisation for Economic Co-operation and Development (OECD), a group of leading industrialized democracies. In recent years, with a geographic area of 30,528 km² (ranked 148th in the world), and a population of just over 10 million, Belgium's GDP level has placed it in the top 20 for all countries of the world. In 1999, the per capita income was $25,576. ...more on Wikipedia about "Economy of Belgium"

Economy - overview: ...more on Wikipedia about "Economy of Cyprus"

(Economy of Denmark) GDP: ...more on Wikipedia about "Economy of Denmark"

Estonia, as a new member of the WTO, is steadily moving toward a modern market economy with increasing ties to the West, including the pegging of its currency to the euro. It acceded to the European Union in 2004. There is a great degree of economic mobility and technological advancement. The state of the economy is greatly influenced by developments in Finland, Sweden, and Germany, three major trading partners. The high current account deficit remains a concern, although the economy has high GDP growth (around 5% per annum). ...more on Wikipedia about "Economy of Estonia"

(Economy of Finland) GDP: ...more on Wikipedia about "Economy of Finland"

With a GDP of 1.7 trillion Euros (1.7×10¹² €; 2005 data), France is the fifth largest economy in the world in USD exchange-rate terms and the seventh largest by purchasing power parity. According to World Bank and IMF figures, it is the third largest in Europe after Germany and the United Kingdom. It has substantial agricultural resources, a large industrial base, and a highly skilled work force. A dynamic services sector accounts for an increasingly large share of economic activity (72% in 1997) and is responsible for nearly all job creation in recent years. GDP growth averaged 2% between 1994 and 1998, with 3% recorded in 2000. Stagnant GDP growth, creeping unemployment, and a trade deficit have characterised a malaise in the French economy since the global economic downturn. ...more on Wikipedia about "Economy of France"

Germany is the world's third largest economy in USD exchange-rate terms and the fifth largest by purchasing power parity (PPP). It is the largest economy in Europe. Recent performance has not been dynamic, however, and the German economy is marked by vulnerability to external shocks, domestic structural problems, and continued difficulties in integrating the formerly communist East. ...more on Wikipedia about "Economy of Germany"

The Greek economy is growing fast after the implementation of stabilization policies in recent years. Greece remains a net importer of industrial and capital goods, foodstuffs, and petroleum. Leading exports are manufactured goods, food and beverages, petroleum products, cement, chemicals, and pharmaceuticals. ...more on Wikipedia about "Economy of Greece"

(Economy of Hungary) GDP - real growth rate: ...more on Wikipedia about "Economy of Hungary"

Italy entered an economic crisis in 2004, with GDP growth at about zero, although GDP has started to grow again as of 2005. Previously, Italy's economy had accelerated from 0.7% growth in 1996 to 1.4% in 1999 and continued to rise to about 2.9% in 2000, which was closer to the EU projected growth rate of 3.1%. Domestic demand and exports were the dominant factors in GDP growth, but it nevertheless remains one of the lowest among industrialised countries. Since 2002, growth has gradually slowed, reaching recession conditions. The opposition blamed Silvio Berlusconi's government for incompetence, especially the minister of economy Giulio Tremonti. A report of the Economist, entitled Addio, dolce vita ("Farewell, dolce vita") paralleles current status of Italian economy to that of the Republic of Venice in 1797, a country with "many attractions" but living "a slow, long decline". The administration of the public finances is defined there as "terrific", and Italy is called "the real sick man of Europe". The government's stance has been to blame the difficulties on the international situation, especially on the September 11, 2001 Attacks. ...more on Wikipedia about "Economy of Italy"

(Economy of Latvia) GDP: ...more on Wikipedia about "Economy of Latvia"

(Economy of Lithuania) GDP: ...more on Wikipedia about "Economy of Lithuania"

The economy of Luxembourg is largely dependant on the banking and steel sectors. Luxembourgians enjoy the highest per capita gross domestic products in the world. ...more on Wikipedia about "Economy of Luxembourg"

(Economy of Malta) GDP: ...more on Wikipedia about "Economy of Malta"

(Economy of Poland) Concerns. ...more on Wikipedia about "Economy of Poland"

Portugal is a burgeoning capitalist economy with a per capita gross domestic product two-thirds that of the four big Western European economies. In 1999, it continued to enjoy sturdy economic growth, falling interest rates, and low unemployment. The country qualified for the Economic and Monetary Union of the European Union (EMU) in 1998 and joined with 10 other European countries in launching the euro on January 1, 1999. Portugal's inflation rate for 1999, 2.4%, was comfortably low. The country continues to run a trade deficit and a balance of payments deficit. The government is working to modernize capital plant and increase the country's competitiveness in the increasingly integrated world markets. Growth is expected to remain stable in 2000 as the economic integration of Europe proceeds. Improvement in the education sector is critical to the catch-up process. ...more on Wikipedia about "Economy of Portugal"

(Economy of Slovakia) GDP: ...more on Wikipedia about "Economy of Slovakia"

(Economy of Slovenia) GDP: ...more on Wikipedia about "Economy of Slovenia"

(Economy of Spain) ==Overview== ...more on Wikipedia about "Economy of Spain"

(Economy of Sweden) GDP: ...more on Wikipedia about "Economy of Sweden"

Economy - overview: ...more on Wikipedia about "Economy of the Czech Republic"

On average, the unemployment rate of the European Union is at 8.9%. In comparison to both the United States and Japan this is high. Unemployment varies by member state, the lowest rate is in Ireland with 4.3% whilst the highest is in Poland with 18.1%. The average for the 12 Eurozone members is also 8.9%. Unemployment also varies significantly in member states. ...more on Wikipedia about "Economy of the European Union"

The Netherlands is a prosperous and open economy in which the government has successfully reduced its role since the 1980s. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs no more than 4% of the labor force but provides large surpluses for the food-processing industry and for exports. The Dutch rank third worldwide in value of agricultural exports, behind the US and France. The Netherlands successfully addressed the issue of public finances and stagnating job growth long before its European partners. This has helped cushion the economy from a slowdown in the euro area. Strong 3.8% GDP growth in 1998 was followed by an only slightly lower 3.4% expansion in 1999. The outlook remains favorable, with real GDP growth in 2000 projected at 3.25%, along with a small budget surplus. The Dutch were among the first 12 EU countries establishing the euro currency zone on 1 January 1999. ...more on Wikipedia about "Economy of the Netherlands"

The economy of the Republic of Ireland is modern, relatively small, and trade-dependent with growth averaging a robust 10% in 1995– 2000. Agriculture, once the most important sector, is now dwarfed by industry, which accounts for 46% of GDP, about 80% of exports, and employs 29% of the labour force. Although exports remain the primary engine for the Republic's robust growth, the economy is also benefiting from a rise in consumer spending and recovery in both construction and business investment. Inflation stands at 2.3% as of 2005, but this is only a recent recovery from rates of between 4% and 5%. House price inflation has been a particular economic concern (average house price was €255,776 in February 2005 ** ) as well as service charges ( utilities, insurance, healthcare, legal representation, etc.). Dublin, the nation's capital, was ranked 22nd in a worldwide cost of living survey in 2004 ** - a rise of two places on 2003. Ireland has been reported to have the second highest per capita income of any country in the EU (if not Europe) next to Luxembourg, and fourth highest in the world. ...more on Wikipedia about "Economy of the Republic of Ireland" It's time to think about www.shortopedia.com.

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