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Facts and figures about economic globalisation
Globalisation, which can be defined as an increasingly integrated world economy, includes movements of goods, services, people, capital and technology. It has an impact on businesses, governments and citizens, as globalised trade and investment notably changes our consumption and production patterns, triggers the transformation of labour markets, supports technology transfer as well as industrial restructuring. Statistics can help to better understand how significant these impacts are.

Almost one-third of EU GDP spent on social protection
Since 2010, social protection expenditure in the European Union (EU) has increased slightly, from 28.6% of GDP in 2010 to 29.0% in 2015, according to data from Eurostat, the statistical office of the European Union. In 2015, the two main sources of funding of social protection at EU level were social contributions, making up 54% of total receipts, and general government contributions from taxes at 43%.

GDP up by 0.6% in both the euro area and the EU28
Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the third quarter of 2017, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2017, GDP grew by 0.7% in both areas.

The tax-to-GDP ratio slightly up in both the EU and the euro area
The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of GDP, stood at 40.0% in the European Union (EU) in 2016, an increase compared with 2015 (39.7%). In the euro area, tax revenue accounted for 41.3% of GDP in 2016, slightly up from 41.2% in 2015. The tax-to-GDP ratio is therefore on the increase again in both zones after a slight decline recorded in the previous year.

Volume of retail trade down by 1.1% in euro area
In October 2017 compared with September 2017, the seasonally adjusted volume of retail trade decreased by 1.1% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In September, the retail trade volume rose by 0.8% in the euro area and by 0.2% in the EU28.

Industrial producer prices up by 0.4% in both euro area and EU28
In October 2017, compared with September 2017, industrial producer prices rose by 0.4% in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In September 2017, prices increased by 0.5% in both zones.

R&D expenditure in the EU remained stable in 2016 at just over 2% of GDP
In 2016, the Member States of the European Union (EU) spent all together over €300 billion on Research & Development (R&D). The R&D intensity, i.e. R&D expenditure as a percentage of GDP, remained stable at 2.03% in 2016. Ten years ago (2006), R&D intensity was 1.76%.

Euro area unemployment at 8.8%
The euro area (EA19) seasonally-adjusted unemployment rate was 8.8% in October 2017, down from 8.9% in September 2017 and from 9.8% in October 2016. This is the lowest rate recorded in the euro area since January 2009. The EU28 unemployment rate was 7.4% in October 2017, down from 7.5% in September 2017 and from 8.3% in October 2016. This is the lowest rate recorded in the EU28 since November 2008. These figures are published by Eurostat, the statistical office of the European Union.

Euro area annual inflation up to 1.5%
Euro area annual inflation is expected to be 1.5% in November 2017, up from 1.4% in October 2017, according to a flash estimate from Eurostat, the statistical office of the European Union.

Household energy prices in the EU down compared with 2016
In the European Union (EU), household electricity prices slightly decreased (-0.5%) on average between the first half of 2016 and the first half of 2017 to stand at €20.4 per 100 kWh. Across the EU Member States, household electricity prices in the first half of 2017 ranged from below €10 per 100 kWh in Bulgaria to more than €30 per 100 kWh in Denmark and Germany.

Güncelleme:13.12.2017 04:21:55

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