Welcome To Statistics Explained
Statistics Explained, your guide to European statistics. Statistics Explained is an official Eurostat website presenting statistical topics in an easily understandable way. Together, the articles make up an encyclopedia of European statistics for everyone, completed by a statistical glossary clarifying all terms used and by numerous links to further information and the latest data and metadata, a portal for occasional and regular users.
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- Unemployment statistics
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The balance of payments records all economic transactions between resident and non-resident entities during a given period. This article presents data on the current and financial accounts of the balance of payments for the European Union (EU) and its Member States.
The current account balance determines the exposure of an economy to the rest of the world, whereas the capital and financial account explains how it is financed. An article on foreign direct investment provides more information on one component of the financial account, while an article on international trade in services focuses on one component of the current account.
Main statistical findings
The current account surplus of the EU-28 was EUR 155 700 million in 2013 (see Figure 1), corresponding to 1.2 % of gross domestic product (GDP). This can be contrasted with data for 2012, when the current account surplus was EUR 68 600 million. The latest developments for the EU-28’s current account showed a continuation of the pattern established in 2009: the current account deficit peaked in 2008 at 2.2 % of GDP; progressively smaller deficits were recorded between 2009 and 2011, turning to a surplus equivalent to 0.5 % of GDP in 2012. The current account surplus for 2013 comprised a deficit for current transfers (-0.6 % of GDP) with surpluses in the current accounts for goods (0.2 % of GDP), services (1.3 %) and the income account (0.3 %) — see Table 2.More ...