Monday, February 04, 2008

GDP Growth in the EU : Latvia Leads the European Union (EU) in the Dynamics of Economies of the Member States

The blog EU for US links to a CBS (.nl) graph showing GDP growth in the European Union Member States since 2005. These growth statistics say a lot about the future of Europe and indicate clearly that the older economies of the EU are being surpassed in dynamics by the rapidly expanding economies of the newer European Union countries.

We have converted that graph to a list showing the relative rank of the EU countries by GDP growth and have appended the approximate growth rate:

1. Latvia (ca. 12% growth)
2. Estonia (over 11%)
3. Slovakia (over 8%)
4. Romania (nearly 8%)
5. Lithuania (over 6%)
6. Luxembourg (just over 6%)
7. Bulgaria (about 6%)
8. Czech Republik (about 6%)
9. Ireland (about 6%)
10. Poland (between 5% and 6%)
11. Finland (between 5% and 6%)
12. Slovenia (between 5% and 6%)
13. Greece (between 4% and 5%)
14. Sweden (just over 4%)
15. Hungary (about 4%)
16. Spain (about 4%)
17. Cyprus (about 4%)
18. Belgium (about 3%)
19. Denmark (about 3%)
20. Austria (about 3%)
21. Netherlands (about 3%)
22. Malta (about 3%)
23. Germany (just under 3%)
24. United Kingdom (just under 3%)
25. France (about 2%)
26. Italy (about 2%)
27. Portugal (over 1%)

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