Economy of Europe
Economy of Europe
During 2003 unless otherwise stated
Population:
710,000,000
GDP (PPP):
US$ $18.022535 tril-
lion (2009)
GDP/capita (PPP) : $27,383 (2009)
GDP /capita
(Currency) :
$25,285 (2009)
Annual growth of
per capita GDP:
2.8% (2006)
Income of top
10%:
27.5%
Millionaires:
2.6 million (0.3%)
Unemployment
8.8% (2006)
Estimated female
income
56.7% of male
Most numbers are from the UNDP from 2002, some
numbers exclude certain countries for lack of in-
formation. Statistics are for entire nations, not just
the portions within Europe.
See also: Economy of the world - Economy of Africa -
Economy of Asia - Economy of Europe - Economy
of North America - Economy of Oceania - Economy
of South America
The economy of Europe comprises more
than 710 million people in 48 different states.
Like other continents, the wealth of Europe’s
states varies, although the poorest are well
above the poorest states of other continents
(except Australia) in terms of GDP and living
standards. The difference in wealth across
Europe can be seen in a rough East-West di-
vide. Whilst Western European states all
have high GDPs and living standards, many
of Eastern Europe’s economies are still emer-
ging from the collapse of the communist
Soviet
Union
and
former
Yugoslavia.
Throughout this article "Europe" and derivat-
ives of the word are taken to include selected
states whose territory
is only partly
in
Europe - such as Turkey and the Russian fed-
eration - and states that are geographically in
Asia, bordering Europe - such as Azerbaijan
and Cyprus.
Europe was the first continent to industri-
alize - led by the United Kingdom in the 18th
century - and as a result, it has become one
of the richest (measured by GDP per capita)
continent
in
the world today. Europe’s
largest national economy is that of Germany,
which ranks fourth globally in nominal GDP,
and fifth in purchasing power parity (PPP)
GDP; followed by France, which ranks fifth
globally in nominal GDP and sixth in PPP
GDP; and the United Kingdom, ranking sixth
globa