What was the GDP growth rate in 2009?
-2.5%
In 2009, the GDP growth rate was -2.5%. In other words, the economy contracted 2.5%. 8 This measures the changes in real GDP from quarter to quarter. The ideal GDP growth rate is between 2% to 3%.
What is the GDP of the European Union in 2017?
$14,759.15B
European Union gdp for 2020 was $15,192.65B, a 2.82% decline from 2019. European Union gdp for 2019 was $15,634.00B, a 2.06% decline from 2018. European Union gdp for 2018 was $15,963.18B, a 8.16% increase from 2017. European Union gdp for 2017 was $14,759.15B, a 6.25% increase from 2016.
Why did the GDP fall in 2009?
The impact of the credit crunch and recession The banking crisis severely curtailed normal bank lending. The result was a fall in investment and consumer spending leading to a sharp drop in real GDP.
What is the GDP of Europe in 2020?
In 2020, the gross domestic product (GDP) of the EU stood at around €13 400 billion at current prices. In real terms, the EU’s GDP in 2020 was 7.6% higher than its level a decade ago.
How much did the global economy shrink in 2009?
2.6 per cent
The world economy is expected to shrink by 2.6 per cent in 2009, after an expansion of 2.1 per cent in 2008 and nearly 4 per cent per year during the period 2004-2007.
What is the GDP of the European Union 2019?
European Union gdp for 2019 was $15,634.00B, a 2.06% decline from 2018. European Union gdp for 2018 was $15,963.18B, a 8.16% increase from 2017. European Union gdp for 2017 was $14,759.15B, a 6.25% increase from 2016.
What was the European Union’s GDP growth rate in 2018?
European Union gdp growth rate for 2018 was 2.00%, a 0.48% decline from 2017. European Union gdp growth rate for 2017 was 2.48%, a 0.46% increase from 2016.
What is the gross domestic product of the European Union?
European Union: Gross domestic product (GDP) from 2014 to 2024 (in billion U.S. dollars) This statistic shows gross domestic product (GDP) of the European Union from 2014 to 2024 in billion U.S. dollars. In 2018, the EU’s GDP amounted to about 18.75 trillion U.S. dollars.
What is the GDP of the European Union in US dollars?
This statistic shows gross domestic product (GDP) of the European Union from 2016 to 2026 in billion international dollars. In 2020, the EU’s GDP amounted to about 15.26 trillion U.S. dollars.