Long-Term Per Capita GDP by EU Region, Fourth Quarter 2018

Jul 26, 2019
Long-Term Per Capita Gross Domestic Product in EU Regions

The chart above shows the per capita annualized nominal gross domestic product (GDP) in each EU region as of the fourth quarter of 2018 in euros, the change from five years ago, and the per capita GDP ten years prior.  Every single region's economy grew both over the past quarter and the past year.

Findings

  • The difference between the region with the largest per capita GDP, the Northern EU, and the region with the smallest, the Eastern EU, is €36,230.34 (up from €33,759.97 five years ago and up from €29,593.53 ten years ago).  The Northern and Eastern EU had the largest and smallest per capita GDP respectively both five and ten years ago.
  • The Northern EU has 3.68 times the per capita GDP that the Eastern EU does.  The ratio of largest per capita GDP to smallest per capita GDP was down from 4.24 five years ago and down from 4.14 ten years ago.
  • All four regions saw their per capita GDP rise in current euros over the past five years.
  • All four regions saw their per capita GDP rise in current euros over the past ten years.

Caveats

  • Data is from the fourth quarters of 2008, 2013, and 2018.
  • Census data is from 2001 and 2011.
  • The data is seasonally adjusted in current euros.
  • The data is annualized by multiplying the quarterly figure by four.
  • All figures are rounded to the nearest hundredth.
  • The Northern EU consists of Sweden, Denmark, and Finland.
  • The Western EU consists of Germany, United Kingdom, France, Netherlands, Belgium, Austria, Ireland, and Luxembourg.
  • The Southern EU consists of Italy, Spain, Portugal, Greece, Cyprus, and Malta.
  • The Eastern EU consists of Poland, Czech Republic, Romania, Hungary, Slovakia, Bulgaria, Croatia, Slovenia, Lithuania, Latvia, and Estonia.

Details

In absolute terms, the Southern EU saw the smallest increase over the past five years with a growth of €3,022.53.  The Western EU had the largest growth with a gain of €5,928.92.  Over the past ten years, the Southern EU had the smallest increase with a gain of €40.36 while the Northern EU had the greatest increase with a gain of €10,704.87.

In relative terms, the Northern EU had the smallest increase over the past five years with a 12.57% rise in per capita GDP while the Eastern EU had the greatest increase with a 29.58% rise in per capita GDP.  Over the past ten years, the Southern EU had the smallest growth with a 0.15% rise in per capita GDP while the Eastern EU had the largest growth with a 43.15% rise in per capita GDP.

There were zero regions with a per capita GDP of over €40,000 ten years ago, one region five years ago, and two regions now.  On the flip side, there was one region with a per capita GDP of less than €25,000 ten years ago, two regions five years ago, and one region now.

The Southern EU just surpassed the per capita GDP it had ten years ago.  The Northern EU added more to its per capita GDP over the past ten years than what the per capita GDP was in the Eastern EU ten years ago.  The per capita GDP of the Western EU has surpassed the per capita GDP of the Northern EU ten years ago.

Sources

Eurostat.  2019.  "GDP and Main Components."  Accessed July 25, 2019.  http://appsso.eurostat.ec.europa.eu/nui/show.do?query=BOOKMARK_DS-406779_QID_60EF9FCD_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-406779INDICATORS,OBS_FLAG;DS-406779UNIT,CP_MEUR;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.

Eurostat.  2017.  "Population change - Demographic balance and crude rates at national level."  Accessed December 11, 2017.  http://appsso.eurostat.ec.europa.eu/nui/show.do?query=BOOKMARK_DS-054722_QID_690C8C0A_UID_-3F171EB0&layout=TIME,C,X,0;GEO,L,Y,0;INDIC_DE,L,Z,0;INDICATORS,C,Z,1;&zSelection=DS-054722INDICATORS,OBS_FLAG;DS-054722INDIC_DE,JAN;&rankName1=INDICATORS_1_2_-1_2&rankName2=INDIC-DE_1_2_-1_2&rankName3=TIME_1_0_0_0&rankName4=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.

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