Importance of the Eurozone to the Global Economy
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.