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European Region (West)

EUROPE (EU)


Europe or the European Union (EU) is composed of 28 independent countries and consequently forms a confederacy.
Europe (EU) has more than 500 million inhabitants today. This signifies the largest domestic market in the world if measured by the gross domestic product.

The European Union is a member of the G8, the G20 and represents the EU member countries in the WTO.
The European Union currently has the following member countries and aspirants:
 

  • Austria       
  • Belgium     
  • Bulgaria     
  • Croatia         
  • Cyprus        
  • Czech Rep.   
  • Denmark     
  • Estonia        
  • Finland        
  • France         
  • Germany 
  • Greece        
  • Hungary      
  • Ireland         
  • Italy  
  • Latvia
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Poland
  • Portugal
  • Romania
  • Slovak Republic
  • Slovenia
  • Spain
  • Sweden
  • United Kingdom


Economic OUTPUT

Currently: www.tradingeconomics.com
(Source: The World Bank 2012)

GDP: 16.63 trillion USD
GNI per capita: 33,598 USD
Main import partners: China, USA, Russia, Switzerland, Norway, Japan
Main export partners: USA, China, Switzerland, Russia, Turkey
 

"B2B" bankruptcy distribution

Average rate: 68%
Average process duration: 1,7 years
Average costs of insolvency proceedings: 9% of the insolvency value.


News

Banking in Europe: EBF publishes 2018 Facts & Figures

• European banks consolidate to boost efficiency and enhance profitability • Total number of credit institutions in the EU down by 31% since 2008 • Non-performing loans are no longer a specific European problem
More...

PAYMENT TERMS REACHED A TEN-YEAR HIGH

Euler Hermes publishes its annual review and forecast of global average Days Sales Outstanding (DSO), based on a sample of 20 sectors and 36 countries.
More...

Payment Behavior

Good news on global growth comes with a significant deterioration in payment terms.
More...

Exchange Rates

1 € (EUR):
AUD 1.61440
CAD 1.52630
CNY 7.91280
GBP 0.90328
HKD 9.09130
INR 83.10350
JPY 129.17000
MYR 4.80880
MXN 22.66000
KRW 1299.75000
CHF 1.12880
THB 38.03500
USD 1.15820
10.12.2018 © EZB

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