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Updated 27/06/2024
The euro area accounted for 80.9% of the EU’s GDP in 2023 (when measured in PPS terms), down from 85.4% in 2005. In 2023, the sum of the 4 largest EU economies (Germany, France, Italy and Spain) accounted for just under three fifths (59.1%) of the EU’s GDP (in PPS terms), which was 5.1 percentage points lower than their combined share 18 years earlier (in 2005). Germany alone accounted for 21.6% of the EU’s GDP in 2023, down from 22.4% in 2005. The shares of the 3 other large EU countries fell more strongly between 2005 and 2023, down 2.2 points in Italy, 1.1 points in France and 0.9 points in Spain. More ...
Updated 27/06/2024
Following a generally downward path for many years, coal consumption took a reverse course in 2021 and 2022, before dropping quite significantly in 2023. Preliminary data suggest that in 2023 solid fossil fuels hit record low levels in the EU, with inland consumption even lower than in 2020.
Compared with 2022, inland consumption of lignite in the EU fell by 70.8 million tonnes (Mt) (-24.2 %), other bituminous coal dropped by 30.7 Mt (-25.8nbsp;%), oil shale and oil sands by 3.5 Mt (-23.0 %). Manufactured gases, mostly produced in relation to coal consumption in the iron and steel industry, also show a decrease. More ...
Updated 27/06/2024
The EU's real estate activities (Section L) numbered over 1.5 million enterprises in 2021, 11.3 % more than in 2020, employing 2.7 million persons, an increase of 8.9 % compared with the previous year. The real estate activities sector generated €267.5 billion of value added in 2021, an 8.5 % increase compared with the previous year. In 2021, this sector's contribution to the business economy (Sections B to N and P to R, as well as Division S95 and S96) was 4.8 % of the enterprise population, 1.7 % of the employment, and 2.8 % of value added. More ...
Updated 26/06/2024
A look at the underlying individual country data revealed a highly diversified picture of existing discrepancies in each EU country in absolute terms (Figure 1). Germany, Malta and Luxembourg showed the highest absolute discrepancies within the EU, contributing together more than 75 % of all measured discrepancies during the observed period from 2021 to 2023. On the other side a considerable number of EU countries such as Denmark, Spain, Cyprus, Latvia and the Netherlands displayed no or only very low absolute inconsistencies in their non-financial accounts. More ...