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Between 2010 and 2018, no country in the Eurozone increased their GDP per capita by 1% or more annually. Finland and Italy both experienced negative GDP per cap
by BlueTankEngine 4y ago
Between 2010 and 2018, no country in the Eurozone increased their GDP per capita by 1% or more annually. Finland and Italy both experienced negative GDP per capita growth. The actual reality is that Europe is the single most economically stagnant region in the world. Whether that is due to the EU or not is absolutely an open question though.
- Retric 4y agoRomania experienced extreme per capita growth over that period ~51%, or 5.3% ish per year. But if you want to cherry pick a few years it’s worth understanding the details. Germany’s per capita income increased from 41,572$ in 2010 to 47,974$/year in 2018 that’s a 15.4% increase despite a 14.4% drop in 2015. Notably that 14.4% 2015 drop was was linked to over 1.1 million asylum seekers from the Syrian War and part of a huge wave of legal and illegal immigration. Exclude that 2015 and Germany saw roughly the same per capita growth rate as the US.
- bitL 4y agoRomania is not in the Eurozone. They don't use Euro.
- Retric 4y agoThe thread was about the EU. > Some people still use stats from 2008. Since then EU is flat, both USA and China growing like crazy. India might catch up with EU in the next 20 years as well. They are a member of the EU, but the seven non-eurozone members of the EU are Bulgaria, Czechia, Denmark, Hungary, Poland, Romania, and Sweden. I also pointed out that BlueTankEngine‘s statements about the eurozone was also wrong.
- lispm 4y agohttps://ourworldindata.org/grapher/gdp-per-capita-maddison-2020 https://ourworldindata.org/grapher/gdp-per-capita-maddison-2...