Economics_of_Europe_New_Member_States.doc

Economics of Europe’s New Member States
The 27 Member States are fairly heterogeneous in terms of size, income levels, economic structure, and recent economic
Performance. This table provides some evidence on the new EU states and also for the UK.
Bulgaria
Cyprus
Czech Republic
Estonia
Hungary
Latvia
Lithuania
Malta
Poland
Romania
Slovakia
Slovenia
Turkey
United
Kingdom
Per Capita Manufacturing
GDP
Incomes as a % of GDP Growth
EU25=100
PPP adjusted
1997 2008
% in 2006 Average
annual
growth
(%)
1999-08
26
39
26
5.3
86
92
11
3.8
73
82
32
2.8
42
67
21
6.4
52
63
26
3.8
37
56
15
7.3
38
62
23
6.5
81
76
17
1.9
47
55
25
4.2
26
44
27
5.2
51
71
28
4.5
78
91
28
5.2
32
42
25
4.2
Inflation
Unemployment
Labour
productivity
Population
% change in
consumer
prices in
2008
Per cent of the
labour force in
November
2008
Thousands –
2008 mid
year
estimate
12.0
4.4
6.3
10.6
6.0
15.3
11.1
4.7
4.2
7.9
3.9
5.5
10.4
5.1
3.9
4.5
8.3
8.3
9.0
7.0
5.8
6.5
5.8
9.1
4.3
n/a
GDP per
person
employed
EU27=100
in 2008
36
85
73
63
74
51
63
89
62
45
78
86
62
7 640
789
10 381
1 340
10 045
2 270
3 366
410
38 115
21 528
5 401
2 025
70 586
Member of
the Euro
Area?