Deficits below 3.0 % of GDP were observed in Canada, the EU-27 (and the euro area), Australia, Indonesia, Mexico and the United Kingdom. Germany’s highly developed social market economy is Europe’s largest and Elsewhere, rates ranged from 2.70 % in Canada (2017 data) to 10.54 % in Indonesia, with the rates in Argentina (37.39 %) and Brazil (39.08 %) exceeding this range.

It was the largest from 2004, when ten countries joined the union , [18] to 2014, after which it was surpassed by the United States. In 2014 the value of the EU's output totalled $18.5 trillion*. The EU countries had the second largest share of global imports and exports of goods in 2016. Loans and credits for military purposes are excluded. By contrast, members with relatively high GNI per inhabitant at the start of the period under consideration generally recorded fairly low levels of economic growth; this was most notably the case in the United Kingdom, Canada, the EU-27 (nine years from 2008 to 2017), Japan (nine years from 2008 to 2017), Australia and the United States. The financial and economic crisis of 2008 and 2009 resulted in considerable media exposure for government finance indicators. The importance of the general government sector — in other words all levels of government, from central to the most local level — in the economy may be measured in terms of general The level of general government expenditure in relation to GDP peaked among the G20 members in 2018 at 45.8 % in the EU-27 (in the Three of the four members with relatively low ratios of government expenditure to GDP also had relatively low GDP per inhabitant, the exception being South Korea. Two North American countries are … Four economically largest countries are located in Europe. As the world’s most visited nation, France’s tourism industry is a major component of the country’s economy. The use of a time series of a volume measure of GDP shows the ‘real’ change in GDP. Data concerning interest rates in the euro area have been taken from the For the non-EU G20 members other than the United Kingdom, the data presented have been compiled by a number of international organisations, namely the IMF, the OECD, the An analysis of economic performance and developments can be carried out using a wide range of statistics, covering areas such as national accounts, government finance statistics, exchange rates and interest rates, consumer prices, and the balance of payments. PPPs reflect price level differences between countries: in this article gross national income per inhabitant is presented in international United States dollars (USD) having been converted using PPPs.

They aim to cover the whole set of goods and services consumed within the territory of a country by the population. The EU is the largest economy in the world. In broad terms, members with relatively low GNI per inhabitant recorded relatively high economic growth over the 10 years from 2008 to 2018; this was most notably the case in China, India and Indonesia (eight years from 2010 to 2018).

Germany has a GDP (PPP) of $4.44 trillion and a per capita GDP of $46,560, the 18th –highest in the world. Find Out The EU-27 had the highest level of inward stocks (including FDI stocks between different EU Member States), accounting for 25.5 % of the world’s outward stocks in 2017; it also had the largest share of inward stocks, some 31.7 % of the world total.

The second analysis of ODA which is presented in Figure 9 shows the origin of contributions from members of the OECD’s Development Assistance Committee (DAC).

By contrast, 42% name China and 38% name the U.S., with an additional 7% naming Japan.


The lowest 10-year rates of change were generally recorded in developed economies such as Japan, Russia, Argentina and the EU-27, while the highest growth rates were recorded in several Asian economies, most notably in India and China. Japan is the third largest economy in the world representing about 6 percent of the total global economy at a nominal GDP of 5.1 trillion US dollars.
At Paris, a pact between the US and China was the core of the deal.


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