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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New / updated articles

This article is part of an online publication and provides data on economic statistics for the 10 countries that form the European Neighbourhood Policy-South (ENP-South) region, namely, Algeria, Egypt, Israel, Jordan, Lebanon, Libya, Morocco, Palestine, Syria and Tunisia. Recent economic developments in these countries and in the European Union (EU) should be viewed against the backdrop of the global financial and economic crisis that started in 2008 and the social and political changes that have taken place or are still ongoing in several of these countries. More ...
Trade in raw materials is extremely important for the sustainability of European countries and their economies. Construction, chemicals, the automotive and aerospace industries, machinery and equipment are some of the sectors that are most dependent on access to raw materials. More ...
This article analyses global trends in the structure of general government expenditure breakdown by their main socio-economic function (according to the Classification of the Functions of Government - COFOG), with a focus on social protection expenditure. More ...
In June 2014, Eurostat published an article describing the construction of a set of indicators of economic globalisation. This set of indicators has now been extended in two ways. Firstly, the indicators are calculated separately for intra-EU and extra-EU partners; secondly, the indicators are calculated separately for 12 NACE Rev. 2 sections of the non-financial business economy. The present article shows graphs and figures for nine of the indicators in two NACE sections (manufacturing, wholesale and retail trade) to illustrate the type of information that could be used to track the various aspects of globalisation. More ...
This article highlights the evolution of electricity and natural gas prices both for industrial and household consumers within the European Union (EU), but includes also price data from Norway, Liechtenstein, Iceland, former Yugoslav Republic of Macedonia (FYROM), Albania, Bosnia and Herzegovina, Montenegro, Serbia, Turkey and Kosovo (under UN Security Council Resolution 1244). More ...
This article takes a look at the most recent statistics (2014 monthly cumulated data and provisional 2014 annual data as voluntarily supplied by Member States) on the volumes of electricity that have been produced and supplied at the level of the European Union (EU-28), the euro area (EA-19) and at the level of the individual Member States of the EU-28 and of Norway and Turkey. For years before 2014, annual data have been used. More ...

Did you know that....

Almost half (49 %) of all enterprises in the EU-28 carried out innovation activities during the period 2010-12. Read more...

Focus on

Balance of payment statistics
Current account transactions, EU-28, 2003–13 (1) (EUR 1 000 million) YB14.png

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

Current account

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.

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