GDP Per Capita in European Union 2013

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Austria European Union GDP per capita Romania

Back in 2013, the European Union (EU) was a political and economic union of 28 member states that were located primarily in Europe. 

While the European Union consists of 28 member states. Some would say  - Europe is United. Is it so? Let's figure out, who lives better and who does not. 

Update: GDP Per Capita in European Union 2022

GDP per Capita in European Union  2013

  2012 2013 Change $ Growth %
Luxembourg 103859 111162 7303 6.56
Denmark 56364 58930 2566 4.35
Sweden 55039 58164 3125 5.31
Austria 46792 49074 2282 4.65
Netherlands 45961 47617 1656 3.47
Ireland 45922 47400 1478 3.11
Finland 45649 47219 1570 3.32
Belgium 43396 45387 1991 4.38
Germany 42598 45085 2487 5.51
France 39759 41421 1662 4.01
United Kingdom 38649 39351 702 1.78
Italy 33814 34619 805 2.3
Spain 28282 29118 836 2.87
Cyprus 26352 24928 -1424 -5.71
Greece 22395 21910 -485 -2.21
Slovenia 22059 21816 -243 -1.11
Malta 20839 21339 500 2.34
Portugal 20175 21029 854 4.06
Czech Republic 18690 18861 171 0.90
Estonia 16887 18478 1591 8.61
Slovakia 16893 17045 152 0.89
Lithuania 14172 14688 516 3.5
Latvia 13947 14588 641 4.39
Croatia 13159 13530 371 2.74
Poland 12721 13432 711 5.29
Hungary 12560 12698 138 1.08
Romania 8437 9499 1062 11.18
Bulgaria 7022 7296 274 3.75
         
Average 31156.85714 32345.85714 1189 3.67

As we can see from Table above, GDP per capita has increased in almost every EU member state, with except - Cyprus (-5.7%), Greece (-2.2%) and Slovenia (-1.1%).

In overall GDP per capita in European union has raised by average 3.6% and totals in $32.345 thousands per capita.

By now I would like to divide this table in smaller units, those who receive the most and those who receive less.

  • Lets take average GDP per capita in EU and divide those who are above and those who are bellow.
  • In total 12 European economies has GDP per capita higher than average median in whole EU - Luxembourg, Denmark, Sweden, Austria, Netherlands, Ireland, Finland, Belgium, Germany, France, United Kingdom and Italy.
  • The rest of member countries are bellow average median GDP per capita in EU in 2013.

I would like to Make another table dividing European states in groups:

  Country Population  % of Population   
> 50 thousands Luxembourg, Denmark, Sweden  15.6  3.05%  
40-50 thousands Austria, Netherlands, Ireland, Finland,Belgium, Germany, France  193.9  38.02%  
30-40 thousands United Kingdom, Italy  124.1  24.33%  
20-30 thousands Spain, Cyprus, Greece, Slovenia, Malta, Portugal  72.7  14.25%  
10-20 thousands Czech Republic, Estonia, Slovakia, Lithuania, Latvia, Croatia, Poland, Hungary  75.02  14.71%  
< 10 thousands Romania, Bulgaria  28.6  5.21%  
     509.92  100%  

I created this table to measure how much of population in European Union has GDP per capita higher than average median, as well to compare population of those countries dividing each group by 10K.

  • In total in European Union lives about 509 million inhabitants, 65% of them lives in countries which GDP per capita is higher than average European Union in 2013 - $32.34 thousands. It is about 333 million people.
  • The rest or about 35% of European Union population lives in countries which GDP per capita is less than EU average median. Total count is about 176 million people.

Speaking of my predictions for next (this 2014) year:

  • I would forecast that Austria could probably join the 50K Club. Spain could join 30K club, but I doubt that Spain will reach average median GDP per capita in EU 2014.
  • Probably Czech Republic and Estonia could leave 10K club and join 20K Club.
  • While I would predict that Romania will left 0-10K club and join 10K club, leaving Bulgaria for couple of years alone in 0-10k club.

In overall last (2013) year showed a growth in GDP per Capita in almost every European Union member state, with Exception - Cyprus, Greece and Slovenia.

In 2013 in terms of GDP per capita growth there was one country reaching 2 digits number, and I would call it fastest growing economy in European Union for 2013 - Romania.

GDP per capita in European Union 2013/How divided is Europe?