The US has a total land area of 9.1 million sq km. The EU has a total land area of 4.3 million sq km.The combined land area of EU countries is 47.5% of that of the US. The US GDP PPP per capita during 1980 was $12,533. Europe and U.S. have tackled the fall surge in cases differently, but which approach could be more effective? Figure 1 shows the world's largest traders fo goods. A skit on national Russian TV depicted former US President Barack Obama in a stereotypical, racist way. The EU gathered in 13 new countries in the last decade (10 in 2004, two in 2007, and one in 2013), all of which were much poorer than the older union members. Post Brexit, it will be difficult for the EU to catch up with the US on GDP. EU vs DISINFORMATION – DON’T BE DECEIVED, QUESTION EVEN MORE. The gap between the US and the EU GDP per capita reached its maximum in 2017. Despite a tough sovereign debt crisis, the debt to GDP of the 28-country euro area is 89% or, for the earlier 19-country euro area 96%. Graph shows stark difference in US and EU responses to Covid-19 New Day CNN's Dr. Sanjay Gupta uses a graph to compare new Covid-19 reported case numbers for the US and Europe. According to the reported army sizes of each of the EU nations, there is a sum total of approximately 1500000 active military soldiers available to the EU army. The following chart shows the GDP PPP per capita of the US, the EU, and the countries in the EU for the year 2018. Their GDP have been growing at a similar pace. Welcome to the home of U.S. Soccer, where you can find the latest USMNT and USWNT soccer news, rosters, tournament results, scoring highlights and much more. (For industrial machinery, see industrial and multiphase power plugs and sockets. If the complete European Union went head to head against Russia, who would come out on top? American vs. European Options: An Overview . EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. Men's Clothing Size Men's American, UK, European and Canadian clothing size converter for shirts, suits, jackets, coats and socks. This includes cost of health care. Europeans virtuously take the train. The EU has been ahead of the US on GDP during most of the years in the past. 12,595.06. Usually, achieving more growth on higher numbers is difficult. The following chart shows the real GDP growth of the US, the EU, and the countries in the EU for the year 2018. Convert US sizes to UK and EU for men, women, and kids today! The following chart shows the year 2018 GDP of the US, the EU, and the countries in the EU. EU and the United States in world trade in goods. Why The U.S. Chills Its Eggs And Most Of The World Doesn't : The Salt In many countries, eggs aren't refrigerated and they're still considered safe to eat. The World Economic Forum COVID Action Platform, World is 100 years away from gender parity but these countries are speeding things up, A weekly update of what’s on the Global Agenda, Chief Financial Officer, European Stability Mechanism (ESM), Explore the latest strategic trends, research and analysis, Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on WhatsApp (Opens in new window), Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, Centre for the Fourth Industrial Revolution, Schwab Foundation for Social Entrepreneurship. The EU GDP during 1980 was $3,804 billion and GDP per capita was $8,799. Before we compare the US with the EU on different GDP indicators, let us compare the size of the two in terms of the land area. Age group: 15+ for euro area, 16+ for U.S. — Latest observations Q4 2014, Source: Eurostat, BLS and ESM calculations. Both have been quite successful, but which of the powerhouses holds the competitive edge? As a result, the number of trucks per capita is lower in the United States than anywhere in Europe — one-third, for example, of the Norwegian, French or Austrian levels. This is ahead of the EU real GDP growth of 2.2%. No, but it was the result of intentional policy decisions and it happened in a very challenging context: while navigating at high-speed the delicate and complex task of growing the union. As the EU again prepares to update its safe country travel list, there is little hope of the U.S. being added to it based on coronavirus trends. Get live exchange rates, historical rates & charts for EUR to USD with XE's free currency calculator. Before comparing GDP per capita, we will compare the population of the US and the EU. But is it true? This freedom of movement, access to European subsidies, and investments in the new Member States allowed them to catch up rapidly. Definitions. Exports of goods and services to other EU countries were worth £274 billion in 2017, while exports from the rest of the EU to the UK were worth about £341 billion . S&P 500. The United States (EUR 1 412 billion, 10 %) was the third largest exporter in the world, preceded by China (EUR 2 107 billion, 16 %) and the EU-27 (EUR 2 060 billion, 15 %) and followed by Japan (EUR 626 billion, 5 %) and South Korea (EUR 513 billion, 4 %). Over the last 40 years, this percentage doubled to 18% in the U.S., but it expanded more modestly in Europe. The EU has always been behind the US on GDP PPP per capita. When it comes to measures of wellbeing – and even on many straight economic growth measures — the European Union leads the way, according to this opinion piece by Kalin Anev Janse, who is secretary general and also a member of the management board of the European Stability Mechanism (ESM). Convert 1 Euro to US Dollar. View USD Rates Table. At that time, the EU GDP per capita was $8,799. Configure Converter. Wikipedia article on Brexit Find Out To keep up with the Agenda subscribe to our weekly newsletter. Germany’s ability to convert growth into economic wellbeing was equivalent to an economy growing at an average rate of 6.2%, while the U.S. managed a measly average rate of just 0.5%. Figure 2: Wealth-to-wellbeing coefficient in selected countries in 2015, Source: BCG “Why Well-being Should Drive Growth Strategies” 2015. Below we compare the population and GDP figures of the top 4 economies (or economic regions) in the world according to 2017 nominal GDP figures: China, the European Union, the United States of America, and Japan. 149 million new tech jobs could be created over the next five years. China's emissions passed those of the U.S. in 2005, and by 2012 had surpassed the combined contribution of both the U.S. and the EU. The US real GDP growth is more than that of the EU top countries (by GDP), despite the fact that the US GDP is much higher. NASDAQ. During 1980, the US GDP was $2.9 trillion, whereas the EU GDP was $3.8 trillion. While the two have roughly the same GDP, around €18.9 trillion for the EU and €18.3 trillion for the U.S. at the end of 2015, the EU has a larger population, 507 million citizens versus 319 million, meaning this calculation comes out in the U.S.’s favor. From 1980 to 2018, the US has added more population than the EU. IMF forecasts the EU GDP to reach $18,769 billion and GDP per capita to reach $36,736 by 2018. It is 2017 or the very near future. 9 Dec 2020 02:30 UTC - 10 Dec 2020 02:30 UTC. Wikipedia article on European Union, Pingback: The Lie That Just Won’t Go Away – the composte heap, Pingback: Let's Party Like it's 2018 - FraudSpotters. The median disposable (after-tax) income of middle-class households in the U… 45 Ranked 9th. The US population in June 2020 is estimated at 328 million according to the US … With the exception of Malta and Cyprus, these countries had a GDP below 75% of the EU average when they joined, making it a particular challenge to embrace the 106.8 million new EU citizens, the equivalent of 27.6% of EU population. All European nations send a higher percentage of freight by road than the United States. But the EU confers many rights that make it more than just a free trade zone such as the United States–Mexico–Canada Agreement. The following chart shows the GDP per capita of the US and the EU from 1980 to 2018. The economy of the European Union is the joint economy of the member states of the European Union (EU). World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use. Use our shoe size guide conversion table including US, EUR, UK & AUS shoe size measurements to find out the size for your feet. The United States had more than 4.4 million COVID-19 cases as of Thursday, and more than 151,000 deaths, more than any other nation, according to Johns Hopkins University.. European … The European Union and the United States have the largest bilateral trade and investment relationship and enjoy the most integrated economic relationship in the world. IMF forecasts that the US GDP PPP would reach $20.5 trillion and the EU GDP PPP would reach $22 trillion by the end of 2018. The United States and the European Union (EU) have engaged in a friendly economic rivalry for decades. 2175 K Street, NW, Washington, DC 20037 Tel:202.862.9500 Fax:202.429.1766 delegation-usa-info@eeas.europa.eu Post was not sent - check your email addresses! It is a top trading partner for 80 countries compared to 20 plus for the U.S. Not only is Europe producing an admirable and competitive growth model, it is, by design and conviction, deploying the wealth generated in economic solidarity with its broader population, not just for the top 1%. IMF forecasts the US GDP per capita to reach $62,518 in 2018, whereas the EU GDP per capita would reach $36,736. 3,694.62. Figure 1 shows the world's largest traders fo goods. While the two have roughly the same GDP, around €18.9 trillion for the EU and €18.3 trillion for the U.S. at the end of 2015, the EU has a larger population, 507 million citizens versus 319 million, meaning this calculation comes out in the U.S.’s favor. That is Europe’s greatest economic accomplishment, its greatest competitive advantage and the key to its outperformance. The EU has long been seen as the best peace creation project of all time, with no wars at its core over the last 70 years. Configure Converter. Here’s a different look at the COVID-19 mortality rate in Europe and the United States: (Belgium is actually at the top, but I removed them because they wreck the … And that betterment is both intentional and at the core of Europe’s economic success. This represents a compounded annual growth rate of 7.9% for Bulgaria and 7.3% for Romania notwithstanding the severest economic crisis of the last 80 years. The leisure and hospitality industry has been hardest hit. Economies are … The ESM, often called the eurozone’s lender of last resort, is responsible for providing financial assistance to eurozone countries or to banks that need a capital injection. The US GDP per capita during 1980 was $12,533. No, but it was the result of intentional policy decisions.”. A study conducted by the Boston Consulting Group on economic wellbeing around the world assesses how wealth is translated across three elements and 10 dimensions: economics (income, economic stability, employment); investments (health, education, infrastructure); and sustainability (income equality, civil society, governance and environment). The OECD median for Europe is a tax rate of 34%. The US land area is over 14-times more than the land area of France – the EU largest country by land area. The EU has a total land area of 4.3 million sq km. 2. The GDP value of European Union represents 13.39 percent of the world economy. EUR/USD close: 1.20884 low: 1.20631 high: 1.21442. . If we take the UK GDP of $2.8 trillion out of the EU, then the EU GDP would get reduced to $16 trillion. France has 7.0% land area of that of the US. The European Union CDC released a chart June 16 that compares the daily COVID-19 cases in the EU vs the U.S.A. American vs. European Options: An Overview . For the two 2007 joiners, for example, Bulgarian GDP per capita grew to $7,500 in 2013 from $4,400 in 2006, and in Romania to $9,500 from $5,800 over the same time period. The United Kingdom (UK) is due to leave the EU on March 29, 2019. The gap between the US and the EU GDP PPP per capita in 2018 is $19,398. Indian Prime … 4 times more than United States 0.5% Ranked 122nd. 1.00 EUR = 1.223 502 USD. We won’t be presenting the forecast for 2019 and beyond because the EU numbers would change after Brexit (Britain Exit from EU). US companies wantin… Republished  with permission from Knowledge@Wharton, the online research and business analysis journal of the Wharton School of the University of Pennsylvania.” Publication does not imply endorsement of views by the World Economic Forum. The 2020 population of the EU is about 445 million people. 1.00 USD = 0.841424 EUR. Although counterintuitive on the surface, that exploration will reveal that the EU is better at harnessing that wealth creation for the betterment of its citizens. Whilst they share the same overall score, the UK scored 100/100 for food safety, 100/100 for presence of food safety net programmes, and 100/100 for nutritional standards. Shoe Lengths for U.S. & European Shoe Sizes with Sizing Chart Selecting the Right Size When Shopping for Online Shoes In the United States most people think they know their U.S. shoe size (if you haven't done so please read our tips on how to measure your feet because shoe size can change over time), but many people are still puzzled by the European shoe sizing system. Of course, the U.S. has several strengths compared to Europe: an exceptional entrepreneurial culture, a competitive edge in technology and innovation and better developed capital markets, as many U.S. companies rely on these markets to fund expansion rather than on banks. A men’s clothing size 38 EU in US is a men’s clothing size of XS to S. The following chart shows the GDP PPP per capita of the US and the EU from 1980 to 2018. Mains electricity by country includes a list of countries and territories, with the plugs, voltages and frequencies they commonly use for providing electrical power to low voltage appliances, equipment, and lighting typically found in homes and offices.