European economy - Économie européenne - Europäische Wirtschaft

[New Brisavoine]

The French statistical office INSEE has just published the regional GDP figures for 2012. I'll add other European countries later.

Real GDP growth in 2012:
- French Guiana: +3.3%
- Corsica: +2.0%
- Picardy: +0.8%
- La Réunion: +0.7%
- Aquitaine: +0.7%
- Guadeloupe: +0.6%
- Rhône-Alpes: +0.5%
- Midi-Pyrénées: +0.3%
- Pays de la Loire: +0.2%
- Brittany: +0.2%
- Paris Region: +0.1%
- Lower Normandy: +0.1%
- Provence-Alpes-Côte d'Azur: +0.1%
- Poitou-Charentes: +0.0%
- Martinique: +0.0%
- Nord-Pas-de-Calais: +0.0%
- Languedoc-Roussillon: -0.1%
- Auvergne: -0.2%
- Burgundy: -0.3%
- Alsace: -0.4%
- Centre: -0.4%
- Limousin: -0.5%
- Lorraine: -1.0%
- Champagne-Ardenne: -1.0%
- Upper Normandy: -1.4%
- Franche-Comté: -1.6%

A map:

[New Brisavoine]

This graph shows the evolution of the GDP per capita in Germany, France, the UK, and Spain every year since 2007, based on the latest figures published this week. I've also added the United States for comparison. This is the evolution of *real* GDP per capita, i.e. after inflation is deducted.

In 2013, the average inhabitant of Germany was 4.4% better off than in 2007, and the average inhabitant of the USA was 1.0% better off than in 2007. The average inhabitant of France was 2.2% worse off than in 2007, while the average inhabitant of the UK was 5.5% worse off, and the average inhabitant of Spain was 8.6% worse off.

[New Brisavoine]

Enlarging the map in post #1, I've added the German, Spanish, and Italian regions. For the UK, we don't have the 2012 regional growth rates yet, so I've indicated the national growth rate of the whole UK instead.

10 fastest growing regions in 2012:
- French Guiana: +3.3%
- Corsica: +2.0%
- Mecklenburg-Western Pomerania: +1.9%
- City-State of Berlin: +1.2%
- City-State of Hamburg: +1.2%
- City-State of Bremen: +1.2%
- Hesse: +0.9%
- Lower Saxony: +0.9%
- Schleswig-Holstein: +0.9%
- Rhineland-Palatinate: +0.9%

10 fastest declining regions in 2012:
- Liguria: -2.9%
- Apulia: -3.0%
- Marche: -3.1%
- Umbria: -3.1%
- Castile- La Mancha: -3.1%
- Calabria: -3.2%
- Sardinia: -3.4%
- Aosta Valley: -3.5%
- Basilicata: -3.6%
- Sicily: -3.8%

The contrast between the sister islands of Corsica and Sardinia is striking.

[Lear]

I´m afraid the data-color scheme of the map is of no use.
The colors follow no logic (dark-bright). The map therefore can´t be read properly ….

[Minato Ku]

I don't see the problem with the colors, I find it pretty understandable at least if you read the legend.
Green = positive growth , Red = negative growth.
Maybe it is the black that disturbs you?

[New Brisavoine]

The color scheme is simple:
GREEN :
WHITE

RED
BLACK

I'll try to make a cumulative one from 2008 to 2012, which is more significant than a single year.

[New Brisavoine]

Ok, here is the map showing cumulative GDP growth rates (inflation deflated) in 2008, 2009, 2010, 2011, and 2012. For the UK this is the cumulative GDP growth rates of the entire country, since we don't have regional figures for 2012 yet.

The regions in green had reached and passed their pre-crisis peak by 2012. The white regions were not far from their pre-crisis peak in 2012. The red regions were still quite some way from their pre-crisis peak, and the black regions were beyond despair.

10 fastest growing regions from 2008 to 2012:
- French Guiana: +17.8% (i.e. in 2012 the French Guianese economy produced 17.8% more goods and services than in 2007, after deflating inflation)
- Corsica: +10.9%
- City-State of Berlin: +9.4%
- Bavaria: +6.3%
- Paris Region (Île-de-France): +6.0%
- Lower Saxony: +5.7%
- City-State of Hamburg: +5.1%
- Brandenburg: +5.0%
- Schleswig-Holstein: +4.9%
- Rhineland-Palatinate: +4.5%

10 fastest declining regions from 2008 to 2012:
- Valencian Community: -8.6%
- Limousin : -8.6%
- Apulia: -9.3%
- Calabria: -9.8%
- Marche: -10.0%
- Umbria: -10.6%
- Basilicata: -10.8%
- Campania: -11.0%
- Sicily: -11.2%
- Molise: -14.3%

[New Brisavoine]

+ Benelux.

None of the Benelux regions make it in the top 10 or bottom 10. Noticeably, Wallonia has fared better than Flanders during this global crisis. The Netherlands have fared rather poorly. The North Netherlands region is in the green, but that's only because of the gas fields in Groningen (Friesland and Drenthe are in fact in light red).

[New Brisavoine]

Here are the GDP per capita of the European countries based on the latest PPP valuations (International Comparison Program 2011) and the latest population figures.

Three countries in particular have moved significantly up and down the ranking:
- Germany: moved up the ranking due to the 2011 census which showed that the German population was lower than previously estimated
- UK: moved down the ranking due to a- high inflation after 2008 which has reduced the PPP value of the sterling pound, and b- the 2011 census which showed that the population of the UK was higher than previously estimated
- Russia: moved up the ranking because the PPP value of the rubble has been revised up by ICP 2011

GDP per capita at PPP value in 2012:
- Norway: 64,321 US dollars
- Switzerland: 51,365
- Austria: 43,692
- Ireland: 43,231
- Netherlands: 43,020
- Germany: 42,573
- Denmark: 42,503
- Sweden: 42,267
- Belgium: 40,296
- Iceland: 39,890
- Finland: 39,119
- France: 36,777 (Metropolitan France: 37,184)
- UK: 35,134
- Italy: 34,299
- Spain: 31,210
- Malta: 29,258
- Slovenia: 27,492
- Czech Republic: 27,009
- Slovakia: 26,030
- Russia: 25,268
- Estonia: 24,809
- Portugal: 24,807
- Greece: 24,763
- Lithuania: 23,970
- Hungary: 22,986
- Poland: 22,744
- Latvia: 21,906
- Croatia: 19,742
- Romania: 18,193
- Bulgaria: 16,090
- Montenegro: 14,280
- Serbia: 12,507
- Macedonia: 11,918
- Bosnia: 9,375
- Albania: 9,146

[New Brisavoine]

Evolution of real GDP quarter by quarter, seasonally adjusted, from the start of the global crisis until Q1 2014.

Allemagne = Germany
Pays-Bas = Netherlands

[Lear]

Swiss Economy Ranking:
The World's Most Competitive Countries - Forbes

1. U.S.A. (1)
2. Switzerland (2)
3. Singapore (4)
4. Hong Kong (3)
5. Sweden (4)
6. Germany (9)
7. Canada (7)
8. UAE (8)
9. Denmark (12)
10. Norway (6)

[Lear]

Germans reject their joyless image to become Europe's optimists
A survey shows more than half are satisfied with their lives and think positively about their employment prospects

According to the report by the German Economic Institute in Cologne, more than half of all German citizens are extremely satisfied with their lives, and only 2% describe their level of contentment as low.

Researchers said that comparably high levels in Germany were recorded only twice previously: at the time of reunification in 1989-90 and during the new-economy boom at the turn of the century.

[New Brisavoine]

We now have the final estimates of the 2011 GDP per capita for the main metro areas of Germany, France, and the UK. The results of the 2011 censuses, which have now all been published, have greatly changed the GDP per capita of the German and British metro areas: the GDP per capita of the German metro areas were boosted due to a lower German population than was previously thought, whereas those of the British metro areas were cut down due to a higher population in the UK than was previously thought.

For France it is not possible to give the GDP per capita of the Lille metro area, because the Nord department is much larger than the Lille metro area. The figures for Bordeaux and Lyon in the list correspond precisely to the metro areas (I've included the parts of the Lyon metro area located outside of the Rhône department, and excluded the part of the Gironde department that is not within the Bordeaux metro area). For Nice, it's not possible to distinguish Nice from Monaco, due to the commuter flows between the Alpes-Maritimes department and the Principality of Monaco.

GDP per capita in 2011 (in US dollars, at market exchange rates, not at purchasing power parity):
- Munich metro area: 71,460
- Paris Region: 71,307
- Rhine-Main metro area (Frankfurt-Wiesbaden-Mainz): 60,332
- Stuttgart metro area: 57,832
- Hamburg metro area: 57,036
- Greater London + 6 home counties: 54,802
- Lyon metro area: 50,738
- Rhine-Ruhr metro area (Essen-Düsseldorf-Cologne): 47,914
- Edinburgh metro area: 47,913
- Nice-Monaco (Alpes-Maritimes + Principality of Monaco): 47,763 (figure heavily weighed down by the numerous retirees living in the area)
- Toulouse metro area: 46,729
GERMANY (entire country): 45,293
- Bristol metro area: 44,793
- Marseille metro area: 44,582
- Bordeaux metro area: 43,251
FRANCE (entire country): 42,812
- Berlin metro area: 39,046
UK (entire country): 38,964
- Glasgow metro area: 35,278
- West Yorkshire metro area (Leeds-Bradford): 34,463
- Manchester metro area: 34,255
- Newcastle metro area: 33,287
- Birmingham metro area: ca. 32,000
- Liverpool metro area: 29,783
- South Yorkshire metro area (Sheffield-Doncaster): 27,593

[New Brisavoine]

+ Italian and Spanish metro areas, based on the results of the 2011 censuses (this has boosted a little bit the GDP per capita of the Italian metro areas, since the census showed the population of Italy was lower than previously thought).

GDP per capita in 2011 (in US dollars, at market exchange rates, not at purchasing power parity):
- Munich metro area: 71,460
- Paris Region: 71,307
- Rhine-Main metro area (Frankfurt-Wiesbaden-Mainz): 60,332
- Stuttgart metro area: 57,832
- Hamburg metro area: 57,036
- Greater London + 6 home counties: 54,802
- Milan metro area: 52,105
- Lyon metro area: 50,738
- Rhine-Ruhr metro area (Essen-Düsseldorf-Cologne): 47,914
- Edinburgh metro area: 47,913
- Nice-Monaco (Alpes-Maritimes + Principality of Monaco): 47,763 (figure heavily weighed down by the numerous retirees living in the area)
- Toulouse metro area: 46,729
GERMANY (entire country): 45,293
- Rome metro area: 45,210
- Bristol metro area: 44,793
- Marseille metro area: 44,582
- Bordeaux metro area: 43,251
- Florence metro area: 42,922
FRANCE (entire country): 42,812
- Turin province: 42,192
- Madrid province: 40,940
- Berlin metro area: 39,046
- Bilbao province: 39,039
UK (entire country): 38,964
ITALY (entire country): 37,025
- Barcelona province: 35,861
- Glasgow metro area: 35,278
- West Yorkshire metro area (Leeds-Bradford): 34,463
- Manchester metro area: 34,255
- Newcastle metro area: 33,287
- Birmingham metro area: ca. 32,000
SPAIN (entire country): 31,173
- Liverpool metro area: 29,783
- Valencia province: 28,827
- South Yorkshire metro area (Sheffield-Doncaster): 27,593
- Palermo province: 25,549
- Naples metro area: 22,150

[mousquet]

^ There was an atmosphere of some sort of slight recover in France in 2010/11. I think we'll be somewhat going down as for those figures as of 2012, won't we? Praise Mr Hollande and the wonderful French socialist family.

[New Brisavoine]

Originally Posted by mousquet

I think we'll be somewhat going down as for those figures as of 2012, won't we?

No. GDP per capita doesn't change dramatically in just one or two years.

[New Brisavoine]

+ the Beneluxian metro areas, based on the results of the 2011 censuses.

GDP per capita in 2011 (in US dollars, at market exchange rates, not at purchasing power parity):
- Munich metro area: 71,460
- Paris Region: 71,307
- Brussels-Capital + Flemish & Walloon Brabant: 64,322
- Rhine-Main metro area (Frankfurt-Wiesbaden-Mainz): 60,332
- Antwerp arrondissement: 58,318
- Stuttgart metro area: 57,832
- Hamburg metro area: 57,036
- Greater London + 6 home counties: 54,802
- Randstad (Amsterdam, The Hague, Rotterdam, Utrecht): 52,537
- Milan metro area: 52,105
- Lyon metro area: 50,738
THE NETHERLANDS (entire country): 49,968
- Rhine-Ruhr metro area (Essen-Düsseldorf-Cologne): 47,914
- Edinburgh metro area: 47,913
- Nice-Monaco (Alpes-Maritimes + Principality of Monaco): 47,763 (figure heavily weighed down by the numerous retirees living in the area)
- Toulouse metro area: 46,729
BELGIUM (entire country): 46,539
GERMANY (entire country): 45,293
- Rome metro area: 45,210
- Bristol metro area: 44,793
- Marseille metro area: 44,582
- Bordeaux metro area: 43,251
- Florence metro area: 42,922
FRANCE (entire country): 42,812
- Turin province: 42,192
- Madrid province: 40,940
- Berlin metro area: 39,046
- Bilbao province: 39,039
UK (entire country): 38,964
- Liège arrondissement: 37,892
ITALY (entire country): 37,025
- Barcelona province: 35,861
- Glasgow metro area: 35,278
- West Yorkshire metro area (Leeds-Bradford): 34,463
- Manchester metro area: 34,255
- Newcastle metro area: 33,287
- Birmingham metro area: ca. 32,000
SPAIN (entire country): 31,173
- Liverpool metro area: 29,783
- Valencia province: 28,827
- South Yorkshire metro area (Sheffield-Doncaster): 27,593
- Palermo province: 25,549
- Naples metro area: 22,150

[mousquet]

^ Good compiling as usual, Bris. Could you get any data about the Lille metro area? I'm curious because of course, some - namely local baroness Mrs Aubry and her followers - call Nord-Pas-de-Calais and Picardy "poor" at the suggestion to merge them, whereas it's apparently a pretty good idea. Even locals would find it relevant, I heard. It's seemingly much better than a Champagne + Picardy oddity anyway, and would be perfect if Picardy could split in the process so that the Oise département joins us in the Paris region. I saw Minato was a loud backer of that more accurate territorial reshaping too. I agree, that would be the most convenient (and quite possibly a good deal for us in Paris ) since Beauvais's growing international airport mainly serves metro Paris.

Oh, for those on here who wouldn't know, the northernmost areas of France are just like Wallonia in neighboring Belgium, still struggling from the loss of old mining and various heavy industries, thus supposedly somewhat slower than other regions in France indeed. That's also supposed to be only transitional, however. And BTW, it'd be good for everyone if it didn't take forever for them to move on...

[New Brisavoine]

^^There are no data for the Lille metro area, as I explained a few posts above.

[New Brisavoine]

The Belgian divide: