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Strategies & Market Trends : Currents of Currency
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From: Ahda6/26/2016 10:53:25 AM
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en.wikipedia.org

GDP per capita in 2014



2015 GDP (nominal) in EU

Below is a table showing, respectively, the GDP and the GDP (PPP) per capita for the European Union and for each of its member states, ordered according to the 'Size' of their economies. The table can also be used as a rough gauge to the relative standards of living among member states, with Luxembourg the highest and Bulgaria the lowest. Eurostat, based in Luxembourg, is the Official Statistical Office of the European Communities releasing yearly GDP figures for the member states as well as the EU as a whole, which are regularly updated, supporting this way a measure of wealth and a base for the European Union's budgetary and economic policies. Figures are stated in euros.

Economic performance varies from state to state. The Growth and Stability Pact governs fiscal policy with the European Union. It applies to all member states, with specific rules which apply to the eurozone members that stipulate that each state's deficit must not exceed 3% of GDP and its public debt must not exceed 60% of GDP. Many larger members have consistently run deficits substantially in excess of 3%, and the eurozone as a whole has a debt percentage exceeding 60% (see below).

Bear in mind that the EU had to deal with a debt crisis and that Germany has taken in several thousand people from Syria. It takes time for new members of a nation to become contributors to the economy. I believe some of the Brit voters looked at less cost and perhaps more profit at home.
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