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COMPARATIVE ANALYSIS OF THE GDP OF EUROPEAN COUNTRIES IN THE PERIOD 2017-2022.

Authors :
POP, Ruxandra-Eugenia
MARIN, Ancuta
Source :
Scientific Papers Series Management, Economic Engineering in Agriculture & Rural Development; 2023, Vol. 23 Issue 3, p682-689, 8p
Publication Year :
2023

Abstract

The present paper presents a statistical analysis of the Gross Domestic Product/person, at the national level, in relation to the member countries of the European Union, using statistical data published by Eurostat, Naational Institute of Statistics (INSSE), FAOSTAT and the World Bank. Based on the data centralization, calculations were made to determine some absolute and relative statistical indicators, such as the absolute change, the dynamic index or the dynamic rate. The purpose of this paper is to analyze and observe GDP per inhabitant evolution, in the period 2017 - 2022, as well as the hierarchy of European member countries, according to this macroeconomic indicator. Going through the work, it can be observed that the order of each member state in different hierarchies based on the GDP level, nominal or real, differs, depending on the perspective from which the data is analyzed. Not always a country with a high level of GDP is characterized by a higher level of well-being of the population. Also, a country that has not yet reached economic maturity in terms of GDP level, may have advantages over the already mature European economic markets over a longer period of time. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
22847995
Volume :
23
Issue :
3
Database :
Complementary Index
Journal :
Scientific Papers Series Management, Economic Engineering in Agriculture & Rural Development
Publication Type :
Academic Journal
Accession number :
173507930