The euro area sovereign debt crisis has exposed important flaws in the design of the Economic and Monetary Union, especially when it comes to dealing with macroeconomic shocks.

Europe is putting in place a new system of fiscal rules following the euro area sovereign debt crisis and decades of rising government to debt-to-GDP ratios. These include the so-called "six pack" to upgrade the Stability and Growth Pact to a new Treaty incorporating the "fiscal compact".

The OECD and the Greek Government, with the support of the European Commission, today launched a collaboration project to strengthen Greece’s action plan to fight corruption.

Artificial intelligence could become very real in the world of business. But funding needs to be corrected first for medium-sized firms, where millions of jobs are at stake.

Imports from European Union in Brazil decreased to 2208 USD Million in April from 2751.18 USD Million in March of 2020. Imports from European Union in Brazil averaged 2920.77 USD Million from 2014 until 2020, reaching an all time high of 4404.44 USD Million in July of 2014 and a record low of 2208 USD Million in April of 2020. This page includes a chart with historical data for Brazil Imports from Eu.

Exports to European Union in Brazil decreased to 2792 USD Million in April from 2948 USD Million in March of 2020. Exports to European Union in Brazil averaged 2730.20 USD Million from 1998 until 2020, reaching an all time high of 6083.22 USD Million in October of 2013 and a record low of 860.30 USD Million in January of 1999. This page includes a chart with historical data for Brazil Exports to EU.

Exports to European Union CMLV in Russia increased to 26575.30 USD Million in February from 14079.20 USD Million in January of 2020. Exports to European Union CMLV in Russia averaged 110391.23 USD Million from 2006 until 2020, reaching an all time high of 283188.90 USD Million in December of 2013 and a record low of 8048.30 USD Million in January of 2016. Russia accounts for Exports to European Union using cumulative values for each year (CMLV). This page includes a chart with historical data for Russia Exports to European Union.

Exports to European Union in South Korea decreased to 4328000 USD THO in April from 5068915 USD THO in March of 2020. Exports to European Union in South Korea averaged 4316023.66 USD THO from 2014 until 2020, reaching an all time high of 6421073 USD THO in April of 2017 and a record low of 2963558 USD THO in February of 2015. This page includes a chart with historical data for South Korea Exports to EUropean Union.

Imports from European Union in South Korea decreased to 4539000 USD THO in April from 5443149 USD THO in March of 2020. Imports from European Union in South Korea averaged 4795615.14 USD THO from 2014 until 2020, reaching an all time high of 5894819 USD THO in July of 2014 and a record low of 3744228 USD THO in February of 2019. This page includes a chart with historical data for South Korea Imports from European Union.

Imports from European Union in Indonesia decreased to 851.56 USD Million in February from 1149.48 USD Million in January of 2020. Imports from European Union in Indonesia averaged 1025.37 USD Million from 2014 until 2020, reaching an all time high of 1489.97 USD Million in July of 2018 and a record low of 656.94 USD Million in July of 2016. This page includes a chart with historical data for Indonesia Imports from European Union.

Exports to Rest of Europe in Indonesia increased to 255.68 USD Million in February from 167.46 USD Million in January of 2020. Exports to Rest of Europe in Indonesia averaged 134.08 USD Million from 2014 until 2020, reaching an all time high of 445.85 USD Million in February of 2016 and a record low of 20.86 USD Million in June of 2018. This page includes a chart with historical data for Indonesia Exports to Rest Of Europe.

Imports from Rest of Europe in Indonesia decreased to 194.90 USD Million in February from 364.95 USD Million in January of 2020. Imports from Rest of Europe in Indonesia averaged 337.91 USD Million from 2014 until 2020, reaching an all time high of 531.93 USD Million in July of 2017 and a record low of 35.41 USD Million in May of 2014. This page includes a chart with historical data for Indonesia Imports from Rest Of Europe.

Imports from European Union in Netherlands decreased to 17257 EUR Million in February from 20349 EUR Million in January of 2020. Imports from European Union in Netherlands averaged 18158.02 EUR Million from 2014 until 2020, reaching an all time high of 21638 EUR Million in October of 2018 and a record low of 14155.40 EUR Million in August of 2014. This page includes a chart with historical data for Netherlands Imports from Eu Countries.

Imports from Europe in Netherlands decreased to 21847 EUR Million in February from 23102 EUR Million in January of 2020. Imports from Europe in Netherlands averaged 21143.45 EUR Million from 2014 until 2020, reaching an all time high of 25191 EUR Million in March of 2019 and a record low of 17485 EUR Million in February of 2015. This page includes a chart with historical data for Netherlands Imports from Europe.

Exports of Europe (estimated) in France decreased to 25288 EUR Million in March from 27920 EUR Million in February of 2020. Exports of Europe (estimated) in France averaged 21888.10 EUR Million from 1996 until 2020, reaching an all time high of 30226 EUR Million in March of 2019 and a record low of 9612 EUR Million in August of 1996. This page includes a chart with historical data for France Exports of Europe (estimated).

Exports to European Union in France decreased to 17.81 EUR Billion in March from 24.73 EUR Billion in February of 2020. Exports to European Union in France averaged 22.84 EUR Billion from 2014 until 2020, reaching an all time high of 25.39 EUR Billion in March of 2019 and a record low of 17.81 EUR Billion in March of 2020. This page includes a chart with historical data for France Exports to EUropean Union Eu28.

Consumer Confidence Price Trends in European Union increased to 18.30 in June from 18 in May of 2017. Consumer Confidence Price Trends in European Union averaged 20.75 from 1985 until 2017, reaching an all time high of 48.80 in September of 1990 and a record low of -11.50 in August of 2009. This page includes a chart with historical data for European Union Consumer Confidence Price Trends.

Consumer Confidence Current Conditions in European Union increased to -8.50 in June from -10.40 in May of 2017. Consumer Confidence Current Conditions in European Union averaged -26.18 from 1985 until 2017, reaching an all time high of -4.80 in May of 2000 and a record low of -65.90 in May of 2009. This page includes a chart with historical data for European Union Consumer Confidence Current Conditions.

Consumer Confidence Economic Expectations in European Union increased to -5 in June from -6.90 in May of 2017. Consumer Confidence Economic Expectations in European Union averaged -11.27 from 1985 until 2017, reaching an all time high of 1.40 in April of 2000 and a record low of -39.80 in March of 2009. This page includes a chart with historical data for European Union Consumer Confidence Economic Expectations.

Consumer Confidence Savings Expectations in European Union increased to -0.40 in June from -1.50 in May of 2017. Consumer Confidence Savings Expectations in European Union averaged -7.18 from 1985 until 2017, reaching an all time high of 2.20 in April of 2001 and a record low of -16.60 in February of 1985. This page includes a chart with historical data for European Union Consumer Confidence Savings Expectations.

Consumer Confidence Unemployment Expectations in European Union decreased to 3.50 in June from 5.20 in May of 2017. Consumer Confidence Unemployment Expectations in European Union averaged 24.91 from 1985 until 2017, reaching an all time high of 67.10 in March of 2009 and a record low of 0.80 in May of 2000. This page includes a chart with historical data for European Union Consumer Confidence Unemployment Expectations.

Consumer Confidence Financial Expectations in European Union decreased to 0.20 in June from 0.50 in May of 2017. Consumer Confidence Financial Expectations in European Union averaged -1.89 from 1985 until 2017, reaching an all time high of 5.40 in April of 2001 and a record low of -12.60 in July of 2008. This page includes a chart with historical data for European Union Consumer Confidence Financial Expectations.

The Personal Income Tax Rate in European Union stands at 38.60 percent. Personal Income Tax Rate in European Union averaged 41.13 percent from 1996 until 2018, reaching an all time high of 47 percent in 1996 and a record low of 38 percent in 2009. In the European Union, the Personal Income Tax Rate is an average of the taxes collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. This page provides - European Union Personal Income Tax Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Sales Tax Rate in European Union stands at 21.50 percent. Sales Tax Rate in European Union averaged 18.25 percent from 1968 until 2018, reaching an all time high of 21.60 percent in 2015 and a record low of 13.63 percent in 1969. In the European Union, the sales tax rate is an average of the taxes charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. This page provides - European Union Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in European Union stands at 21.30 percent. Corporate Tax Rate in European Union averaged 26.51 percent from 1996 until 2018, reaching an all time high of 35.20 percent in 1997 and a record low of 21.30 percent in 2018. In the European Union, the Corporate Income tax rate is an average of the taxes collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. This page provides - European Union Corporate Tax Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retirement Age Women in European Union increased to 63.44 in 2018 from 63.31 in 2017. Retirement Age Women in European Union averaged 62.58 from 2009 until 2018, reaching an all time high of 63.44 in 2018 and a record low of 61.24 in 2009. This page provides - European Union Retirement Age Women - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retirement Age Men in European Union increased to 64.28 in 2018 from 64.21 in 2017. Retirement Age Men in European Union averaged 63.79 from 2009 until 2018, reaching an all time high of 64.28 in 2018 and a record low of 62.57 in 2009. This page provides - European Union Retirement Age Men - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Debt in European Union increased to 12715249.10 EUR Million in 2018 from 12579778.20 EUR Million in 2017. Government Debt in European Union averaged 9286946.44 EUR Million from 2000 until 2018, reaching an all time high of 12715249.10 EUR Million in 2018 and a record low of 5804160.50 EUR Million in 2000. This page provides - European Union Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in European Union was last recorded at 37417 US dollars in 2018. The GDP per Capita in European Union is equivalent to 296 percent of the world's average. GDP Per Capita in European Union averaged 24020.86 USD from 1960 until 2018, reaching an all time high of 37417 USD in 2018 and a record low of 10071.50 USD in 1960. This page provides the latest reported value for - European Union GDP Per Capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product per capita in European Union was last recorded at 38076 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in European Union, when adjusted by Purchasing Power Parity is equivalent to 214 percent of the world's average. GDP Per Capita Ppp in European Union averaged 31473.94 USD from 1990 until 2018, reaching an all time high of 38076 USD in 2018 and a record low of 24868 USD in 1990. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides the latest reported value for - European Union GDP Per Capita Ppp - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

European Union recorded a Current Account surplus of 1.30 percent of the country's Gross Domestic Product in 2018. Current Account To GDP in European Union averaged -0.24 percent from 1999 until 2018, reaching an all time high of 1.40 percent in 2016 and a record low of -2.20 percent in 2008. This page provides - European Union Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Home Ownership Rate in European Union remained unchanged at 69.30 percent in 2018 from 69.30 percent in 2017. Home Ownership Rate in European Union averaged 70.64 percent from 2007 until 2018, reaching an all time high of 73.20 percent in 2008 and a record low of 69.20 percent in 2016. This page provides the latest reported value for - European Union Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Construction output in European Union increased 1.40 percent in November of 2019 over the same month in the previous year. Construction Output in European Union averaged 0.62 percent from 1997 until 2019, reaching an all time high of 12.20 percent in February of 2000 and a record low of -11.40 percent in February of 2009. The production index in construction measures the evolution of output within the construction sector, including building construction and civil engineering. This page provides - European Union Construction Output - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in European Union decreased to 107.42 points in January of 2020 from 107.55 points in December of 2019. Cpi Transportation in European Union averaged 86.43 points from 1996 until 2020, reaching an all time high of 108.56 points in August of 2019 and a record low of 59.31 points in January of 1996. This page provides - European Union Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in European Union increased 2.50 percent in January of 2020 over the same month in the previous year. Food Inflation in European Union averaged 2.99 percent from 1997 until 2020, reaching an all time high of 16.10 percent in November of 1997 and a record low of -1 percent in June of 2014. This page provides - European Union Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index CPI in European Union decreased to 105.44 points in January from 106.14 points in December of 2019. Consumer Price Index CPI in European Union averaged 86.83 points from 1996 until 2020, reaching an all time high of 106.14 points in December of 2019 and a record low of 60.06 points in January of 1996. This page provides - European Union Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar.

The Consumer Price Index in European Union decreased 0.70 percent in January of 2020 over the previous month. Inflation Rate Mom in European Union averaged 0.19 percent from 1996 until 2020, reaching an all time high of 2.50 percent in February of 1997 and a record low of -1.30 percent in January of 2015. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides the latest reported value for - European Union Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Core consumer prices in European Union increased 1.40 percent in January of 2020 over the same month in the previous year. Core Inflation Rate in European Union averaged 1.54 percent from 1997 until 2020, reaching an all time high of 2.70 percent in February of 2002 and a record low of 0.70 percent in November of 2014. This page provides - European Union Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in European Union decreased to 230356.80 Thousand in the first quarter of 2019 from 231342.70 Thousand in the fourth quarter of 2018. Employed Persons in European Union averaged 220848.28 Thousand from 2008 until 2019, reaching an all time high of 232104.10 Thousand in the third quarter of 2018 and a record low of 213005.80 Thousand in the first quarter of 2013. In European Union, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - European Union Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Part Time Employment in European Union decreased to 42975.10 Thousand in the third quarter of 2019 from 43634.10 Thousand in the second quarter of 2019. Part Time Employment in European Union averaged 40068.01 Thousand from 2002 until 2019, reaching an all time high of 43634.10 Thousand in the second quarter of 2019 and a record low of 31484.60 Thousand in the second quarter of 2002. This page provides - European Union Part Time Employment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Asylum Applications in European Union increased to 65810 persons in October from 55890 persons in September of 2019. Asylum Applications in European Union averaged 44159.19 persons from 2008 until 2019, reaching an all time high of 167190 persons in October of 2015 and a record low of 10785 persons in March of 2008. Asylum Application in this page refers to first time asylum applicants. Data is supplied to Trading Economics by the Eurostat, National Ministries of Interior and other official agencies.

The number of unemployed persons in European Union increased to 15349 Thousand in January of 2020 from 15333 Thousand in December of 2019. Unemployed Persons in European Union averaged 20760.38 Thousand from 2000 until 2020, reaching an all time high of 26638 Thousand in April of 2013 and a record low of 15333 Thousand in December of 2019. This page provides the latest reported value for - European Union Unemployed Persons - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in European Union was worth 19100 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of European Union represents 15.77 percent of the world economy. GDP in European Union averaged 7813.96 USD Billion from 1960 until 2019, reaching an all time high of 19163.62 USD Billion in 2008 and a record low of 359.02 USD Billion in 1960. This page provides the latest reported value for - European Union GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP Constant Prices in European Union increased to 3697577.90 EUR Million in the fourth quarter of 2019 from 3692337.30 EUR Million in the third quarter of 2019. GDP Constant Prices in European Union averaged 3089111.69 EUR Million from 1995 until 2019, reaching an all time high of 3697577.90 EUR Million in the fourth quarter of 2019 and a record low of 2404032.90 EUR Million in the first quarter of 1995. This page provides - European Union GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in European Union increased to 766147.70 EUR Million in the fourth quarter of 2019 from 760031.40 EUR Million in the third quarter of 2019. Government Spending in European Union averaged 644107.44 EUR Million from 1995 until 2019, reaching an all time high of 766147.70 EUR Million in the fourth quarter of 2019 and a record low of 512028 EUR Million in the first quarter of 1995. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - European Union Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Spending in European Union increased to 2051492.20 EUR Million in the fourth quarter of 2019 from 2046405.50 EUR Million in the third quarter of 2019. Consumer Spending in European Union averaged 1739018.51 EUR Million from 1995 until 2019, reaching an all time high of 2051492.20 EUR Million in the fourth quarter of 2019 and a record low of 1356724.50 EUR Million in the first quarter of 1995. This page provides - European Union Consumer Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Deflator in European Union increased to 103.14 points in the fourth quarter of 2019 from 101.88 points in the third quarter of 2019. GDP Deflator in European Union averaged 87.82 points from 1995 until 2019, reaching an all time high of 103.14 points in the fourth quarter of 2019 and a record low of 69.03 points in the first quarter of 1995. This page provides - European Union GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment in European Union increased by 0.30 in December of 2019. Employment Change in European Union averaged 0.18 percent from 1995 until 2019, reaching an all time high of 0.60 percent in the second quarter of 2006 and a record low of -0.70 percent in the first quarter of 2009. In the European Union, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment. This page provides - European Union Employment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in European Union increased 1.80 percent in January of 2020 over the previous month. Industrial Production Mom in European Union averaged 0.07 percent from 1991 until 2020, reaching an all time high of 2.70 percent in January of 2016 and a record low of -3.70 percent in January of 2009. This page provides - European Union Industrial Production MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total population in European Union was estimated at 513.5 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, European Union had a population of 406.7 million people. In the European Union, data from 1960 until 1974 refers to EU27, whereas from 1975 to present year refers to EU28. This page provides - European Union Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.