Economy

PPPs for GDP per capita in 2024: preliminary estimates

PPPs for GDP per capita in 2024: preliminary estimates

In 2024, the gross domestic product (GDP) per capita expressed in purchasing power standards (PPS) ranged between 66% of the EU average in Bulgaria and 241% in Luxembourg. This information comes from the preliminary estimates of ...

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How much do governments spend on defence?

How much do governments spend on defence?

In 2023, the EU countries’ general government expenditure on defence amounted to €227 billion, representing 2.7% of total general government expenditure. This is equivalent to 1.3% of GDP. At EU level, the share of defence expenditure ...

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Total market production decreased in December 2024

Total market production decreased in December 2024

In December 2024, the total market production decreased by 0.2% in the EU and by 0.4% in the euro area compared with the previous month. The total market production index (TMPI) is a composite indicator that combines 4 short-term ...

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1 out of 7 EU employees is a low-wage earner

1 out of 7 EU employees is a low-wage earner

In 2022, 14.7% of employees in the EU were low-wage earners, against 16.2% in 2018. Low-wage earners are employees earning two-thirds or less of the median gross hourly earnings in the country of work. The share of low-wage earners was ...

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Bankruptcies slightly down and registrations up in Q4 2024

Bankruptcies slightly down and registrations up in Q4 2024

In the fourth quarter of 2024, the number of bankruptcy declarations of EU businesses decreased by 0.7% compared with the third quarter of 2024. At the same time, business registrations went up by 2.6% compared with the third quarter of ...

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EU economy greenhouse gas emissions: -0.6% in Q3 2024

EU economy greenhouse gas emissions: -0.6% in Q3 2024

In the third quarter of 2024, the EU economy greenhouse gas emissions were estimated at 767 million tonnes of CO2-equivalents (CO2-eq), a 0.6% decrease compared with the same quarter of 2023 (772 million tonnes of CO2-eq). The EU’s ...

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