Importance of the Eurozone to the Global Economy

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The eurozone has faced much turbulence in recent years but why does this matter beyond the region? Although its population accounted for just 4.7% of the world total in 2014, combined GDP contributed 17.3% to the global economy, while exports made up a quarter of the world total. Germany and France dominate with nearly 50.0% of the region’s GDP and consumer spending in 2014 while Greece, the epicentre of the eurozone sovereign debt crisis, accounted for less than 2.0% of regional GDP.

This datagraphic investigates the importance of the region through three key pillars: Economy, Population and Consumer Spending. Learn more about these research offerings.