What is the average GDP per capita in EU?

European Union GDP Last Highest
GDP Constant Prices 3248.27 3333.58
GDP Growth Rate 2.10 11.80
Gdp Growth Annualized 8.80 56.10
GDP Per Capita 34768.65 37116.99

What is the average GDP of Belgium?

GDP per capita in Belgium is expected to reach 47400.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium GDP per capita is projected to trend around 47800.00 USD in 2022, according to our econometric models.

What percentage of global GDP is the EU?

The European Union’s GDP was estimated to be around $15 trillion (nominal) in 2020, representing around 1/6 of the global economy….Economy of the European Union.

GDP by sector Agriculture: 1.5% Industry: 24.5% Services: 70.7% (2016 est.)
Inflation (CPI) 0.6% (2020) 1.4% (2019) 1.9% (2018)

Which is the richest EU country?

Luxembourg is the wealthiest country in the European Union, per capita, and its citizens enjoy a high standard of living. Luxembourg is a major center for large private banking, and its finance sector is the biggest contributor to its economy.

Does Belgium have a good economy?

Belgium has a well-developed free market economy, based on both industrial and service sectors. In spite of its small size, Belgium’s economy has consistently placed among the top 20 economies of the world and remains strong.

What is Belgium’s biggest export?

Trade. Among Belgium’s main imports are raw materials (including petroleum), motor vehicles, chemicals, textiles, and food products. Major exports include motor vehicles, chemicals and pharmaceutical products, machinery, plastics, diamonds, food and livestock, textile products, and iron and steel.

Which country has the strongest economy in EU 2020?

List of nominal GDP for European countries in billion USD

Country 2020
1 Germany 3,780.553
2 United Kingdom 2,638.296
3 France 2,551.451
4 Italy 1,848.222

What is the per capita GDP of the EU?

GDP per capita in EU regions Regional GDP per capita ranged from 30% to 263% of the EU average in 2018 Regional disparities in labour productivity are smaller In 2018, regional GDP per capita, expressed in terms of purchasing power standards (PPS), ranged from 30% of the

Which is the country with the lowest GDP per capita in Europe?

Malta, Italy and Czechia have a level of GDP per capita of less than 10% below the EU average. Slovenia, Lithuania, Cyprus, Estonia and Spain have a GDP per capita between 10% and 20% below the EU average.

What kind of economy does the European Union have?

Economy of the European Union. The European Union (EU) economy consists of an internal market of mixed economies based on free market and advanced social models. The GDP per capita (PPP) was $37,800 in 2017, compared to $59,495 in the United States, $42,695 Japan and $16,636 in China. There are significant disparities in GDP per capita (PPP)…

How is GDP per capita measured in PPS?

It is defined as the value of all goods and services produced less the value of any goods or services used in their creation. The volume index of GDP per capita in Purchasing Power Standards (PPS) is expressed in relation to the European Union average set to equal 100.