The chart above shows change in GDP over the last year in EU regions. The Eastern EU grew by more than twice as much as the second fastest growing region last year.
Findings
- The difference between the region with the greatest growth in GDP, the Eastern EU, and the region with the least, the Western EU, is 6.49 percentage points.
- The Eastern EU has 4.18 times the economic growth that the Western EU does in the past year.
Caveats
- All figures are rounded to the nearest hundredth.
- The Eastern EU consists of Poland, Czech Republic, Romania, Hungary, Slovakia, Bulgaria, Croatia, Slovenia, Lithuania, Latvia, and Estonia.
- The Northern EU consists of Sweden, Denmark, and Finland.
- The Southern EU consists of Italy, Spain, Portugal, Greece, Cyprus, and Malta.
- The Western EU consists of Germany, United Kingdom, France, Netherlands, Belgium, Austria, Ireland, and Luxembourg.
Details
The Eastern EU had an amazing growth rate last year as it did over the past decade. The Northern and Western EU also had good decades with decent increases this past year as well. However, the Southern EU really needs to make up for its lost decade and it doesn't seem to be doing so.
The European Union as a whole has 2.83 percent growth over the same one year period ranking it just under the Southern EU and above the Western EU.
Sources
Eurostat. 2018. "Eurostat - Tables, Graphs and Maps Interface." Accessed June 26, 2018. http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=tec00001&plugin=1.