United Kingdom: Economic indicators and trade with EU. In terms of GDP per capita income, Greece is ranked 29th in the world at $27,875 by nominal GDP. Download, graph, and track 816,000 US and international time series from 108 sources . In the first part of the study an in-depth review of the available literature was . Published by D. Clark , Apr 7, 2022 With a Gross Domestic Product of over 3.57 trillion Euros, the German economy was by far the largest in Europe in 2021. Intergovernmental lending in the context of the financial crisis is consolidated. 25 April 2022 • Katowice, the International Congress Centre. In ppp data, the five largest economies of Europe are Germany, Russia, France, United Kingdom, and Italy. . source: World Bank News in-depth EU agriculture. The EEA links the EU member states and three EFTA states (Iceland, Liechtenstein, and Norway) into an internal market governed by the same basic rules. The Eurostat Dissemination Database provides official statistics on the European Union, EU member states and sub-state regions.Eurostat's Statistics Explained provides an introduction to official EU statistics. 4. A platform for policymakers, researchers, private sector, regulators, and compilers of economic and financial data to come together to discuss cutting-edge issues in macroeconomic and financial statistics and to build support for statistical improvements. It is mainly intended to ensure fairness in the allocation of value from data among actors in the digital economy and to foster data-sharing across sectors. Trade The EU accounts for around 15% of the world's trade in goods. more 03/05/2022 Geographically based Economic data (G-Econ) by William Nordhaus and Xi Chen. www.euro-area-statistics.org. Leverage this single source of vast data and access these time-saving resources to: Here, you will find key economic data in an easy-to-digest format. With $399 bn, United Kingdom will be the top contributor, followed by Germany ($387 bn) and France ($316 bn). The European Union (EU) is an economic and political union of 27 countries. Read more. European Commission (2021), "The EU economy after COVID-19: implications for economic governance", Communication from the Commission to the European Parliament, the Council, the European Central Bank, the European Economic and Social Committee, the Committee of the Regions, 19 October. Data Source: World Bank MLA Citation: Similar Country Ranking; Country Name . EA and EU Economic Snapshot Economic Forecast Summary (December 2021) After a strong rebound in 2021 with GDP growth of 5.2%, as confinement measures were gradually lifted, economic activity in the euro area is projected to expand by 4.3% in 2022 and 2.5% in 2023. U.S. futures and oil prices also were higher. European Commission (2021), "Capital markets union: Commission adopts package to ensure better data . United Kingdom: Economic indicators and trade with EU. The database is used for analysis and reports produced by the directorate general. All 41 European economies would see an increase in 2021 compared to 2020. European Union Overview By Theme By SDG Goal Topic Social Economic Environment Institutions Social Indicator Most recent value Trend Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population) Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population) No data available Trend Life expectancy at birth, total (years) Still, there are substantial risks to the economy going forward. An internal single market has been established through a standardised system of laws that apply in all member states in those matters, and only those matters . The European Commission predicts a decline in economic activity this year of 7.5%. The . Stocks fell and the dollar held firm on Thursday as data showed U.S. inflation persistently high, and investors worried about the economic toll of aggressive interest rate hikes to tame it. The dataset covers "gross cell product" for all regions for 1990, 1995, 2000, and 2005 and includes 27,500 terrestrial observations. Stocks fell and the dollar held firm on Thursday as data showed U.S. inflation persistently high, and investors worried about the economic toll of aggressive interest rate hikes to tame it. The European Economic Sentiment Indicator is a part of the business and consumer surveys conducted by the Directorate General for Economic and Financial Affairs for different sectors of the economies in the European Union and in the applicant countries. At 2.00 am ET, the Office for National Statistics releases UK GDP data. As a developed economy, Greece mainly revolves around the service sector (85%) and industry (12% . The Statistics Paper Series (SPS) is a channel for statisticians, economists and other professionals to . May 10 2022. Read more. Economic data: Environmental taxes in 15 European countries (1980-1999) MS Excel. The union has a total area of 4,233,255.3 km 2 (1,634,469.0 sq mi) and an estimated total population of about 447 million. Despite a longer and stronger wave of . Data are in current U.S. dollars. OECD / Gross domestic expenditure on R&D. Inflation. Eurozone Economic Sentiment Indicator. The European Union operates as a single market made up of 27 countries. Shares rose in Europe on Wednesday after a mixed day in Asia ahead of the release of U.S. inflation data. data.europa.eu The official portal for European data 173 Catalogues 36 Countries 1 441 949 Datasets Open data news It´s Europe day! RTTNews. The EU unemployment rate was 6.2% in March 2022, down from 6.3% in February 2022 and from 7.5% in March 2021. Economy & Finance Education, Culture & Sport Energy Environment Government & Public Sector Health International Issues . Global Business and Financial News, Stock Quotes, and . . Economy Corporate sector, Foreign direct investment (FDI), GDP and spending, Household accounts, International trade, Leading indicators, National income, Prices, Productivity Education Education attainment, Education resources, International student assessment (PISA), Students, Teachers, Youth and the labour market Energy Energy, Transport The case of Ukraine as one of the open data best practices in Europe. The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe. It contains data for the EU, the euro zone, EU countries and candidate countries, as well as other OECD countries. Unemployment rate. Other data points to continued economic strength. The economic data flow since our last report has been better than we expected into early 2021. This means that data transferred to another EEA country will have the same protections available to data being kept within the UK. A light one to kick start the new week. Economic data: Composition of public expenditure (education, health, defence.) It provides a unique blend of advanced economics knowledge, cutting-edge statistical methods, and hands-on experience in processing and interpreting data to build leading economic competencies for the information society. We are the world's most trusted, impartial source of comprehensive data about the U.S. economy. AMECO is the annual macro-economic database of the European Commission's Directorate General for Economic and Financial Affairs. At 2.00 am ET, Statistics Norway . . Household saving rates. The Eurostat Dissemination Database provides official statistics on the European Union, EU member states and sub-state regions. Welcome to FRED, your trusted source for economic data since 1991. On July 16, the highest court in the European Union (EU), the Court of Justice of the European Union (CJEU), issued a landmark judgment in the case of Data Protection Commissioner v Facebook Ireland Limited, Maximillian Schrems (Case C-311/18) (Schrems II). Data, Freedom of Information releases and corporate reports. It provides a unique blend of advanced economics knowledge, cutting-edge statistical methods, and hands-on experience in processing and interpreting data to build leading economic competencies for the information society. . Greece is the 34th largest economy in the world at $290 billion by nominal GDP, it is also the 13th largest country within the EU. The economic recovery from COVID-19 looks set to accelerate in mid-2021, particularly in the U.S. on the back of a massive fiscal stimulus plan, although a high degree of unevenness and uncertainty persists. Open-data portals and filling data gaps that hold back the open data's potential. Statistics for the European Green Deal 06/05/2022 A new interactive dashboard from Eurostat visualises relevant environmental data Read more. On 23 February, the European Commission proposed the first draft of its new Data Act. Economy of Europe - Statistics & Facts Published by D. Clark , Jan 26, 2022 In 2020, the combined gross domestic product (GDP) of the European Union was just over 13.3 trillion euros. 26-27 April 2022 • Katowice, University of Silesia, Faculty of Humanities. Successful roll-out and implementation of this support will be . Seven Centuries of European Economic Growth and Decline. 10, 2022, 01:08 AM. The United States reached an all-time high of 7.24% in 1984 and a record low of -2.54% in . European Union attains a maximum gdp growth rate of 6.03% in 1973 and a minimum of -4.33% in 2009. The pandemic was slowing growth before Russia's invasion, with disruptions costing major economies €115bn in lost GDP in 2021 and inflation climbing. There are nine primary categories: General and regional statistics; Economy and finance Data is a real-time snapshot *Data is delayed at least 15 minutes. Internationally, the EU aims to bolster Europe's trade position and its political and economic power. The economy is forecast to grow at a slower pace of 1.0 percent sequentially in the first quarter after rising 1.3 percent in the preceding period.. Also, industrial production and foreign trade figures are due. 4, Fall 2015 (pp. Europe's. In Journal of Economic Perspectives, Vol. Our observatory is monitoring the European economy to protect the consumers and the small companies from unfair competition both from . The unemployment rate is the lowest in nearly 50 years. Search All Indicators. The study's authors collected data on millions of Android apps before and after the EU enacted the GDPR. Journal of Intellectual Property Law & Practice, 11: 460 -470 As the European Union officially became smaller, losing Britain as a member, new data showed that economic growth in the bloc came almost to a standstill and . The European Data Protection Board has also updated its recommendations on additional measures that data controllers should . Euro Area Calendar - was last updated on Monday, May 9, 2022. Public debt (General government gross debt as a % of GDP) IMF World Economic Outlook 2016. Live news updates from May 11: US inflation stays elevated at 8.3%, Moscow says it is open to annexing Ukraine's Kherson region. . The similar-sized economies of the United. Data description . The statistics are available in all EU languages and are easy to embed in digital media. The document is intended to contribute to the analysis of recent developments in the euro area. The US had greater gdp per capita than the EU for data available since 1966. It operates an internal (or single) market which allows . IMF World Economic Outlook 2016. Includes residents of euro area countries other than the country whose government has issued the debt. The UK was a European Union Member State from 1973 until 31 January 2020. . Each day, our analysts mine international surveys and databases to update key economic indicators and millions of time-series. The GDP value of European Union represents 13.52 percent of the world economy. Catalogue number: QE-04-17-306-EN-N. 120 pages. For reasons of comparability and consistency, the historical data for the 'EU-27' in this infographic covers all current Member States, regardless of whether they were Member States at the time concerned. It aims to resist a business model in which data from Internet of Things (IoT) devices is locked in for . Twitter. Macro-economic database AMECO Tracking EU policy performance and recovery Sustainable development, macro-economic imbalance procedure, European pillar of social rights, circular economy, digital scoreboard Public opinion survey Eurobarometer EU open data portal Open data from EU institutions, agencies and other bodies Guide to European statistics "As a self-described 'European-style' formula, Bobbie is marketed as an FDA-regulated alternative to European formulas." Bureaucrats in DC no doubt will tell you their formula is the correct and healthy one, while bureaucrats in the EU almost certainly would contend they have the right mixture of ingredients. Going for Growth 2021 - European Union. The European Economic Area (EEA) was established via the Agreement on the European Economic Area, an international agreement which enables the extension of the European Union's single market to member states of the European Free Trade Association. Friday was not a good day for Europe. Russia and the European Union wrestle over energy. 29, No. European macroeconomic and market data - Datastream Global financial and macroeconomic time-series database, providing data on equities, stock market indices, currencies, company fundamentals, fixed income securities and key economic indicators for 175 countries and 60 markets. Due to an EU directive there are common standards of protection for personal data throughout the European Economic Area. The Master of Science in Economics and Data Analysis (EDA) responds to new challenges in the age of information and big data. Euro Area Calendar Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. 09/05/2022 Celebrating 72 years since the Schuman Declaration Read more. . Data is the lifeblood of the economy and a driver of innovation. A protracted war could lead to an additional GDP loss of up to €281bn in 2022 and up to €562bn in 2023, according to Oxford Economics. Neither the European Economic and Social Committee nor any person acting on the European Economic and Social Committee's behalf may be held responsible for the use . Article share tools. Our Economy Observatory is a fully automated, open source, open data observatory that produces new indicators from open data sources and experimental big data sources, with authoritative copies and a modern API. During the period 1966 to 2019, European Union grew by more than 5% only once. The Master of Science in Economics and Data Analysis (EDA) responds to new challenges in the age of information and big data. The dollar is keeping steady as we look towards European trading, with the yen trailing slightly as bonds continue to remain a key focus in the market. Consumer prices rose 2.5 percent year-on-year in April, following a 2.4 percent increase March. European Commission, European economic forecast, November 2021.View in Article; Eurostat, "Annual inflation up to 5.0% in the euro area," January 20, 2022.View in Article; European Central Bank, "Economic, financial and monetary developments," accessed January 2022.View in Article; Ibid.View in Article Macro-economic database AMECO AMECO is the annual macro-economic database of the European Commission's Directorate General for Economic and Financial Affairs. The case of EU Datathon winner cleanSpot. next. ECB STATISTICS PAPER SERIES: A SNAPSHOT OF STATISTICS. The European Forum of Young Leaders will provide participants from Poland and other EU countries, as well as from the Western Balkans, Eastern Europe and the Caucasus, with a space for sharing their . Data refer to the changing composition of the euro area. As well as its potential for economic growth and to address societal challenges, data is the basis for developing Artificial Intelligence applications, which require the processing of vast amounts of high-quality data. The EU, by contrast, defiantly broadcasts the message that the law is working well. May. LONDON — European stocks snapped a 10-day winning streak Monday, as investors reacted to weaker-than-anticipated economic data and rising geopolitical tensions. U.K. retail sales jumped in December, growing 4.6% compared . Every five years the Census Bureau conducts an Economic Census and Census of Governments, in addition to more than 100 other surveys conducted monthly, quarterly, or annually. The previously published February deficit was $89.2 billion. Key indicators for the euro area - 12 February 2021 12 February 2021 English (990.7 KB - PDF) Download 08/03/2022. . IMF World Economic Outlook 2016. All Economic Data. (RTTNews) - Economic sentiment survey data from Germany is due on Tuesday, headlining a light day for the European economic news. The European Economic Area (EEA) unites the EU Member States and the three EEA EFTA States (Iceland, Liechtenstein, and Norway) into an Internal Market governed by the same basic rules. Facebook. From these censuses and surveys 13 economic indicators are produced, serving as the foundation for gross domestic product . Eurostat's Statistics Explained provides an introduction to official EU statistics. At 3:45 AM ET (0845 GMT), the DAX in Germany traded 0.9% higher, the CAC 40 in France climbed 0.8% and the U.K.'s FTSE 100 rose 0.3%. Download Historical Data Save as Image. the official opinion of the European Economic and Social Committee. Holders resident in the country whose government has issued the debt. OECD / Household savings. Equity data from IPO to present is updated daily. In light of the COVID-19 crisis, the top immediate policy priority is to ensure efficient use of Next Generation EU, a recovery plan combining loans and grants of about 5.5% of EU27 2019 GDP to support member states' recovery policies. The total value of all goods and services produced (gross domestic product or GDP) in the EU in 2019, when the UK was still part of the EU, was € 16.4 trillion. The latest European economic news, analysis and video from CNBC.com. A data-powered European economy that drives innovation. These figures are published by Eurostat, the. The European Economic and Social Committee does not guarantee the accuracy of the data included in this study. Because of the great differences in per capita income among member states (from $7,000 to $69,000) and historic national animosities, the EU faces difficulties in devising and enforcing common policies. The UK was a European Union Member State from 1973 until 31 January 2020. ISBN: 978-92-830-3534-3. Russia-Ukraine War Economic Impact - Analysis & Special Reports See our latest analysis in the Resources section Euro area economic activity to moderate this year The economy expanded at a weaker pace in Q1 2022. Zech H (2016b) A Legal Framework for a Data Economy in the European Digital Single Market: Rights to Use Data. How big is the EU economy? Germany, the Euro area's largest economy, came close to falling into a recession. Price trends help to shape Federal Reserve policy on interest rate hikes, which in turn can slow economic growth by . Tweet. The deficit increased from $89.8 billion in February (revised) to $109.8 billion in March, as imports increased more than exports. The General Data Protection Regulation (EU) (GDPR) is a regulation in EU law on data protection and privacy in the European Union (EU) and the European Economic Area (EEA). Economic Data. It will be updated before each Eurogroup meeting of the ECOFIN ministers. - 69 countries in Europe, Asia, Africa, America (1975-1985) Economic data: Tax revenue in OECD countries (1966-2000) plus a comparison in tax systems. There are nine primary categories: General and regional statistics Economy and finance Population and social conditions For reasons of comparability and consistency, the historical data for the 'EU-27' in this infographic covers all current Member States, regardless of whether they were Member States at the time concerned. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. GDP growth (annual %) - European Union from The World Bank: Data . Tap into the world's largest commercially available global economic database covering 200+ countries. Economists expect industrial output to grow 0.1 percent on month in March, reversing a 0.6 percent fall in February. This study, carried out to support the activities of the EESC, explores the ethical dimensions of Big Data in an attempt to balance them with the need for economic growth within the EU. The pan-European Stoxx 600 closed . The GDPR is an important component of EU privacy law and of human rights law, in particular Article 8(1) of the Charter of Fundamental Rights of the European Union.It also addresses the transfer of personal data outside the . Euro area unemployment at 6.8% In March 2022, the euro area seasonally-adjusted unemployment rate was 6.8%, down from 6.9% in February 2022 and from 8.2% in March 2021. Real sector. Key indicators Each table is accompanied by a commentary. European Economic News. This shows how critical supply chains are to European . Download, graph, and track 816,000 US and international time series from 108 sources . European Union economic growth for 2017 was $14,759.15B, a 6.25% increase from 2016. Transferring data outside the European Economic Area. Page Contents The Labor Department will report consumer inflation for April later Wednesday. 227 . BBC World Service economics correspondent. The Gross Domestic Product (GDP) in European Union was worth 15276.47 billion US dollars in 2020, according to official data from the World Bank. Soaring inflation and souring consumer sentiment seemingly hit household spending in 5. Swiss Inflation Accelerates Further, Highest Since October 2008 . In a recent research paper we prepared for the European Parliament (see its summary here), we establish a benchmark growth rate for each of 1,337 European regions in 2003-2015, by econometric estimates.We consider the period of 2003-2015 for data availability reasons, but also with a view to having several years both before and after the most acute phases of the 2008 global and European . Unfortunately, a new study provides further evidence that the GDPR has inflicted a lasting blow to the European digital economy. The U.S. monthly international trade deficit increased in March 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. Swiss consumer price inflation accelerated further to its highest since October 2008, data from the Federal Statistical Office showed on Wednesday. From 27 June 2021, companies can use the European Commission's long-awaited new standard contractual clauses as an appropriate safeguard for transferring personal data to countries outside the European Economic Area (EEA). These rules aim to enable goods, services, capital, and persons to move freely about the EEA in an open and competitive environment, a concept referred to as . The decision upholds the validity of Standard Contractual Clauses (SCCs) for transfers of personal data outside the European Economic Area . Plus, the number of initial claims for unemployment insurance last week was close to the lowest in 50 years. 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