The chart above shows the annualized nominal gross domestic product (GDP) in each EU state as of the fourth quarter of 2018 in millions of euros, the change from the previous quarter, and the GDP one year prior. Germany is the only state with an annualized GDP of over €3 trillion.

Findings

The difference between the state with the largest GDP, Germany, and the state with the smallest, Malta, is €3,402,989 million (up from €3,392,350 million last quarter and up from €3,318,493 million last year). Germany and Malta had the largest and smallest GDP respectively both last quarter and last year.

Germany has 269.73 times the GDP that Malta does. The ratio of largest GDP to smallest GDP was down from 270.80 last quarter and down from 287.40 last year.

The median GDP in the 28 EU states is €209,455 million (up from €206,322 million last quarter and up from €199,810 last year) and the mean €573,114 million (up from €568,334 the previous quarter and up from €557,078 last year).

Twenty-six states saw their nominal GDP rise from the previous quarter while two saw their GDP drop.

Twenty-seven states saw their nominal GDP rise from last year while one saw its GDP drop.

Caveats

Data is from the fourth quarter of 2018.

The data is seasonally adjusted in current euros.

The data is annualized by multiplying the quarterly figure by four.

All figures are rounded to the nearest hundredth.

Details

In absolute terms, Greece saw the largest decrease over the previous quarter with a drop of €318.4 million. The United Kingdom had the largest growth with a gain of €31,416.8 million. Year over year, Sweden had the largest decrease with a drop of €2,434.4 million while Germany had the greatest increase with a gain of €85,572.0 million.

In relative terms, Greece had the largest decrease over the previous quarter with a 0.17% drop in GDP while Sweden had the greatest increase with a 2.83% rise in GDP. Year over year, Sweden had the largest decrease with a 0.51% drop in GDP while Latvia had the largest growth with a 10.39% rise in GDP.

Germany accounted for over one-fifth of the economic output of the 28 states at 21.29%. It, with the United Kingdom accounted for just over one-third of the economic output of the 28 states at 36.35%. Adding in France amounts to just over half the economic output of the 28 states at 51.14%.

No state overcame another from the previous quarter. Year over year, Romania surpassed Portugal going from the 16th largest economic output to the 15th while Portugal fell from 15th to 16th.

Data

State Fourth Quarter 2017 Third Quarter 2018 Fourth Quarter 2018 Austria 376,429.6 388,387.6 390,238.8 Belgium 443,444 450,212 456,604 Bulgaria 52,792 56,055.2 56,008.8 Croatia 49,236.8 51,839.2 51,994 Cyprus 20,058.4 20,622.4 20,840 Czech Republic 201,782 207,591.6 209,608.8 Denmark 293,792.8 299,473.6 302,092.4 Estonia 24,299.2 25,959.6 26,517.2 Finland 226,736 234,620 236,904 France 2,319,304 2,357,104 2,372,788 Germany 3,330,080 3,404,924 3,415,652 Greece 181,066.8 185,364 185,045.6 Hungary 127,341.6 131,477.2 134,501.6 Ireland 310,584.8 318,678.8 325,026.4 Italy 1,744,596.8 1,753,873.6 1,758,070.8 Latvia 27,790.8 29,928.4 30,679.2 Lithuania 43,376.8 45,386.4 46,595.2 Luxembourg 56,829.6 59,649.6 59,885.6 Malta 11,586.8 12,573.6 12,663.2 Netherlands 751,248.4 777,180.4 785,642 Poland 479,430 497,594.4 501,663.2 Portugal 197,838.8 202,466.8 203,549.2 Romania 191,629.6 205,052.8 209,301.2 Slovakia 86,904.4 90,999.2 92,152.8 Slovenia 44,614.4 46,598.8 46,932.8 Spain 1,187,924 1,212,880 1,224,944 Sweden 475,661.2 460,202.4 473,226.8 United Kingdom 2,341,792.8 2,386,651.2 2,418,068

Sources

Eurostat. 2019. "GDP and Main Components." Accessed May 22, 2019. http://appsso.eurostat.ec.europa.eu/nui/show.do?query=BOOKMARK_DS-406779_QID_60EF9FCD_UID_-3F171EB0&layout=TIME,C,X,0;GEO,L,Y,0;UNIT,L,Z,0;S_ADJ,L,Z,1;NA_ITEM,L,Z,2;INDICATORS,C,Z,3;&zSelection=DS-406779INDICATORS,OBS_FLAG;DS-406779UNIT,CP_MEUR;DS-406779S_ADJ,SCA;DS-406779NA_ITEM,B1GQ;&rankName1=UNIT_1_2_-1_2&rankName2=INDICATORS_1_2_-1_2&rankName3=NA-ITEM_1_2_-1_2&rankName4=S-ADJ_1_2_-1_2&rankName5=TIME_1_0_0_0&rankName6=GEO_1_2_0_1&sortC=ASC_-1_FIRST&rStp=&cStp=&rDCh=&cDCh=&rDM=true&cDM=true&footnes=false&empty=false&wai=false&time_mode=NONE&time_most_recent=false&lang=EN&cfo=%23%23%23%2C%23%23%23.%23%23%23.