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An analysis of the resource productivity components (see Figure 1), namely GDP and DMC, helps to explain the evolution of resource productivity over time. Before 2007-2008, GDP and DMC had been growing almost in parallel resulting in a more or less stable resource productivity. Between 2008 and 2016, the two components decoupled, i.e. developed in reverse directions. Between 2016 and 2021, both components seemed to re-couple again, i.e. show rather parallel annual change patterns. With the on-set of the recovery from the COVID-19 pandemic since 2021 we see a strong decoupling, with GDP growing by almost 4% from 2021 to 2023 while DMC has decreased by more than 3% over the same period.
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In monetary terms, the EU's trade in goods is balanced; imports and exports are more or less in the same order of magnitude and both have almost doubled since the year 2000 due to globalisation. From a physical perspective however — measured as the actual weight of traded goods — the EU's trade pattern with the rest of the world is quite different (see Figure 1). Physical imports are around 3.4 tonnes
per capita while physical exports are around 1.5 tonnes per capita.
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Since 2000, the resource productivity of the
European Union (EU) economy increased by around 44%. This growth happened mainly with and after the global financial crisis of 2007-2008, however, before this, resource productivity had remained rather stable. The COVID-19 recession caused a moderate decrease between 2019 and 2020 before the trend towards more resource productivity continued (see Figure 1).
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According to the latest Business Cycle Clock's indications, the euro area economy continues to be in a slowdown phase of the growth cycle, with accelerating growth until January 2024 and then moving into a decelerating growth phase from February 2024 onwards.
More ...
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Търсене на статия по теми
New / updated articles
An analysis of the resource productivity components (see Figure 1), namely GDP and DMC, helps to explain the evolution of resource productivity over time. Before 2007-2008, GDP and DMC had been growing almost in parallel resulting in a more or less stable resource productivity. Between 2008 and 2016, the two components decoupled, i.e. developed in reverse directions. Between 2016 and 2021, both components seemed to re-couple again, i.e. show rather parallel annual change patterns. With the on-set of the recovery from the COVID-19 pandemic since 2021 we see a strong decoupling, with GDP growing by almost 4% from 2021 to 2023 while DMC has decreased by more than 3% over the same period.
More ...
In monetary terms, the EU's trade in goods is balanced; imports and exports are more or less in the same order of magnitude and both have almost doubled since the year 2000 due to globalisation. From a physical perspective however — measured as the actual weight of traded goods — the EU's trade pattern with the rest of the world is quite different (see Figure 1). Physical imports are around 3.4 tonnes
per capita while physical exports are around 1.5 tonnes per capita.
More ...
Since 2000, the resource productivity of the
European Union (EU) economy increased by around 44%. This growth happened mainly with and after the global financial crisis of 2007-2008, however, before this, resource productivity had remained rather stable. The COVID-19 recession caused a moderate decrease between 2019 and 2020 before the trend towards more resource productivity continued (see Figure 1).
More ...
According to the latest Business Cycle Clock's indications, the euro area economy continues to be in a slowdown phase of the growth cycle, with accelerating growth until January 2024 and then moving into a decelerating growth phase from February 2024 onwards.
More ...
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In 2022, 147 fatalities were recorded in aviation accidents in the EU territory and involving EU-registered aircraft.
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