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The economy is expected to expand 0.8% this year and 1.3% next year for the 20 EU member countries that use the euro currency, according to the European Commission.
This is a list of estimates of the real gross domestic product growth rate (not rebased GDP) in the 27 European Union member states for the latest years recorded in the CIA World Factbook. Although some countries have dependent territories (both within and outside Europe) that are considered part of the EU, they have been omitted given their ...
The European Free Trade Association (EFTA) was created to allow European countries to partake in a free trade area with less integration as within the European Communities (later European Union). Most of the countries initially in EFTA have since joined the EU itself, so only four remain outside, Norway , Iceland , Liechtenstein and Switzerland .
During its membership of the European Union, the United Kingdom had five opt-outs from EU legislation (from the Economic and Monetary Union, the area of freedom, security and justice, the Schengen Agreement, the Charter of Fundamental Rights, and the Social Chapter), four of them remained in force when it left the EU, the most of any member state.
Other analysts [10] have submitted that there are basically three ways of exiting the Eurozone: by leaving and subsequently rejoining the EU, whereby a renewed membership in the European Union would be possible only when economic convergence had been achieved; through a Treaty amendment; or through a European Council decision.
Europe is suffering from an innovation deficit and weak productivity, putting the region’s economy on a path to stagnation unless it changes course, according to Nobel laureate Michael Spence.
This is a sortable list of all European countries by their gross domestic product in billions of US dollars at market or official government exchange rates (nominal GDP), according to the International Monetary Fund. The economic and political map of Europe also includes: Turkey, Georgia, Armenia, Azerbaijan, Cyprus and Kosovo.
Below is a table of sovereign states in Europe by GDP (PPP) per capita in international dollars. [2] Countries are ranked by their estimated 2024 figures. Note: transcontinental countries that are partly (but not entirely) located in Europe are also shown in the table, but the values shown are for the entire country.