Financial and social rankings of sovereign states in Europe

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The aim of this page is to act as a comparison between the sovereign states of Europe regarding economic, financial and social factors.

Map of Europe according to the United Nations Geoscheme for Europe

Definition of Europe

For the purposes of comparison the broader definition of Europe will be used. A sovereign state must meet at least one of the following criteria to be included:

Economic

Countries by GDP (nominal)

File:Wolfsburg, Volkswagenwerk -- 2009 -- 5.jpg
Volkswagen AG's headquarters in Wolfsburg is the base for Germany's largest company by revenue
File:Esplanade-de-la-defense.jpg
La Défense is the major business district of Paris, and the heart of the French services industry
London is considered (along with New York City) to be the world's leading financial capital, with the UK set to become Europe's largest economy by 2030

Data provided is by the International Monetary Fund (2013)[1]

Rank Country GDP (Millions of US$)
 European Union[n 1] 17,512,109
1  Germany 3,635,959
2  France 2,807,306
3  United Kingdom 2,523,216
4  Russia 2,096,774[n 2]
5  Italy 2,071,955
6  Spain 1,358,687
7  Netherlands 853,806
8  Turkey 819,990
9   Switzerland 650,431
10  Sweden 558,949
11  Poland 517,705
12  Norway 512,581
13  Belgium 508,275
14  Austria 416,062
15  Denmark 330,614
16  Finland 267,412
17  Greece 241,796
18  Ireland 232,150
19  Portugal 220,062
20  Czech Republic 198,450
21  Romania 188,893
22  Ukraine 178,313
23  Hungary 132,260
24  Slovakia 95,805
25  Azerbaijan 73,537
26  Belarus 71,710
27  Luxembourg 60,402
28  Croatia 57,371
29  Bulgaria 53,046
30  Slovenia 48,005
31  Lithuania 46,507
32  Serbia 42,492
33  Latvia 30,953
34  Estonia 24,888
35  Cyprus 21,919
36  Bosnia and Herzegovina 17,828
37  Georgia 16,162
38  Iceland 14,656
39  Albania 12,724
40  Armenia 10.431
41  Macedonia 10,238
42  Malta 9,545
43  Moldova 7,935
44  Monaco 6,075[n 3]
45  Liechtenstein 4,826[n 3]
46  Montenegro 4,377
47  Andorra 3,712[n 3]
48  San Marino 1,802

Projected GDP (nominal)

Data provided is from December 2014 update by the Centre for Economics and Business Research. [2]

2019
Rank Country GDP (Millions of US$)
1  Germany 3,519,000
2  United Kingdom 2,953,000
3  France 2,666,000
4  Russia 2,246,000
5  Italy 1,936,000
6  Spain 1,242,000
7  Turkey 1,052,000
8   Switzerland 816,000
9  Sweden 788,000
10  Netherlands 766,000
2024
Rank Country GDP (Millions of US$)
1  Germany 3,953,000
2  United Kingdom 3,645,000
3  France 3,039,000
4  Russia 2,816,000
5  Italy 2,155,000
6  Turkey 1,564,000
7  Spain 1,382,000
8  Sweden 1,067,000
9  Poland 975,000
10   Switzerland 966,000
2029
Rank Country GDP (Millions of US$)
1  Germany 4,324,000
2  United Kingdom 4,281,000
3  France 3,395,000
4  Russia 3,295,000
5  Italy 2,356,000
6  Turkey 2,343,000
7  Spain 1,513,000
8  Sweden 1,438,000
9  Poland 1,284,000
10   Switzerland 1,137,000
2030
Rank Country GDP (Millions of US$)
1  United Kingdom 4,421,000
2  Germany 4,397,000
3  France 3,469,000
4  Russia 3,383,000
5  Turkey 2,547,000
6  Italy 2,397,000
7  Spain 1,540,000
8  Sweden 1,526,000
9  Poland 1,357,000
10   Switzerland 1,175,000

GDP growth rate

Sweden is possibly the only developed European economy which is seen to continually grow
Azerbaijan is among the fastest growing economies in Europe, in part due to the country's growing energy sector
Turkey will overtake Italy to become Europe's fifth largest economy by 2030, with many predicting Turkey will become a great power in European politics
The economy of Cyprus continues to struggle as a result of the ongoing Eurozone crisis and the resulting Cypriot financial crisis

The real GDP growth rates provided are the 2013 estimates (unless otherwise indicated) as recorded in the CIA World Factbook.[3]

Rank Country Real GDP growth rate (%)
1  Moldova 8.90
2  Azerbaijan 5.80
3  Armenia 4.60
4  Latvia 4.00
5  Turkey 3.80
6  Romania 3.50
7  Lithuania 3.40
8  Macedonia 3.10
9  Georgia 2.50
10  Malta 2.40
11  Belarus 2.10
12  Serbia 2.00
13   Switzerland 2.00
14  Iceland 1.90
15  United Kingdom 1.80
16  Liechtenstein 1.80 (2012 est.)
17  Norway 1.60
18  Estonia 1.50
19  Montenegro 1.50
20  Poland 1.30
21  Russia 1.30
22  Monaco 0.90 (2012 est.)
23  Sweden 0.90
24  Bosnia and Herzegovina 0.80
25  Slovakia 0.80
26  Albania 0.70
28  Ireland 0.60
29  Germany 0.50
30  Bulgaria 0.50
31  Luxembourg 0.50
32  Austria 0.40
33  Ukraine 0.40
34  France 0.30
35  Hungary 0.20
36  Denmark 0.10
37  Belgium 0.10
38  Finland -0.60
39  Czech Republic -0.90
40  Croatia -1.00
41  Slovenia -1.10
42  Spain -1.30
43  Netherlands -1.30
44  Andorra -1.60 (2012 est.)
45  Portugal -1.80
46  San Marino -3.50
47  Greece -3.80
48  Cyprus -8.70

GDP (nominal) per capita

File:Whole Monaco.jpg
Monaco is home to one of the world's wealthiest populations, and has the highest level of GDP per capita in Europe
Like Monaco, the small size of Liechtenstein has led to it being among the highest ranked European states for GDP per capita
Luxembourg is home to an established financial sector as well as one of Europe's richest populations
Despite having the highest GDP growth rate in Europe, Moldova is among its poorest states, and also has Europe's smallest GDP per capita

The GDP (nominal) per capita values provided are the 2013 figures (unless otherwise indicated) as recorded in the CIA World Factbook.[4]

Rank Country GDP per capita (US$)
1  Monaco 159,400
2  Liechtenstein 139,300
3  Luxembourg 110,700
4  Norway 101,400
5   Switzerland 80,800
6  Denmark 58,300
7  San Marino 57,900
8  Sweden 57,200
9  Finland 49,200
10  Austria 49,100
11  Netherlands 47,600
12  Andorra 46,418[n 4]
13  Iceland 46,200
14  Ireland 46,000
15  Belgium 45,600
16  Germany 44,300
17  France 41,700
18  United Kingdom 39,600
 European Union[n 1] 34,000
19  Italy 33,600
20  Spain 28,600
21  Cyprus 25,200
22  Slovenia 22,700
23  Malta 22,600
24  Greece 21,800
25  Portugal 21,000
26  Czech Republic 18,861[n 4]
27  Estonia 18,300
28  Slovakia 17,700
29  Latvia 15,400
30  Lithuania 15,300
31  Russia 14,600
32  Croatia 13,400
33  Poland 13,300
34  Hungary 13,100
35  Turkey 10,700
36  Romania 8,900
37  Azerbaijan 7,900
38  Belarus 7,500
39  Bulgaria 7,300
40  Montenegro 6,800
41  Serbia 6,000
42  Macedonia 5,000
43  Bosnia and Herzegovina 4,800
44  Albania 4,400
45  Ukraine 3,800
46  Georgia 3,600
47  Armenia 3,400
48  Moldova 2,200

GDP (PPP)

Russia is one of the leading emerging economies in Europe, with Moscow International Business Center acting as Russia's new financial hub
Madrid is the financial capital of Spain, and one of the most important financial centres in Europe


Data provided is by the International Monetary Fund (2013)[5]

Rank Country GDP (Billions of US$)
 European Union[n 1] 17,578.4
1  Germany 3,512.8
2  Russia 3,491.6
3  France 2,534.5
4  United Kingdom 2,320.4
5  Italy 2,035.4
6  Spain 1,488.8
7  Turkey 1,443.5
8  Poland 896.8
9  Netherlands 780.3
10  Belgium 455.0
11   Switzerland 432.0
12  Sweden 418.2
13  Ukraine 392.5
14  Austria 376.7
15  Romania 371.2
16  Norway 328.0
17  Czech Republic 287.6
18  Greece 278.0
19  Portugal 268.8
20  Denmark 240.9
21  Hungary 229.6
22  Finland 218.3
23  Ireland 213.3
24  Belarus 166.8
25  Azerbaijan 158.5
26  Slovakia 144.0
27  Bulgaria 119.6
28  Serbia 89.7
29  Croatia 86.6
30  Lithuania 75.4
31  Slovenia 58.7
32  Luxembourg 48.5
33  Latvia 46.5
34  Bosnia and Herzegovina 37.1
35  Estonia 34.4
36  Georgia 32.1
37  Albania 29.5
38  Macedonia 26.1
39  Cyprus 25.3
40  Armenia 23.1
41  Moldova 16.6
42  Iceland 13.2
43  Malta 12.9
44  Montenegro 9.10
45  Monaco 5.74 (2011 est.)[n 5]
46  Liechtenstein 3.20 (2009 est.)[n 5]
47  Andorra 3.16 (2012 est.)[n 5]
48  San Marino 1.97

Net National Wealth

Tourism to monuments such as the Eiffel Tower is important to the French economy
Along with Zurich, Geneva is one of Switzerland's leading financial centres, with both cities also being among the most important service orientated cities in world

The top 15 estimates are part of the 2014 data by Credit Suisse.[6]

Rank Country GDP (Billions of US$)
1  France 15,304
2  United Kingdom 14,157
3  Germany 14,156
4  Italy 12,580
5  Spain 5,033
6   Switzerland 3,554
7  Netherlands 2,722
8  Belgium 2,529
9  Sweden 2,436
10  Russia 2,156
11  Austria 1,529
12  Norway 1,345
13  Denmark 1,230
14  Turkey 1,061
15  Greece 1,015

Financial

Current account balance

The current account balance values provided are the 2013 figures (unless otherwise indicated) as recorded in the CIA World Factbook.[7] Figures for Andorra, Liechtenstein, Monaco and San Marino are unavailable.

Rank Country Current Account Balance (US$)
1  Germany 257,100,000,000
2  Russia 74,800,000,000 (2012 est.)
3  Norway 67,400,000,000
4  Netherlands 65,870,000,000
5   Switzerland 65,600,000,000
6  Sweden 39,000,000,000
7  Denmark 19,600,000,000
8  Azerbaijan 13,280,000,000
9  Austria 10,600,000,000
10  Ireland 7,300,000,000
11  Slovakia 3,315,000,000
12  Slovenia 2,954,000,000
13  Luxembourg 2,700,000,000
14  Spain 2,100,000,000
15  Greece 2,021,000,000
16  Hungary 1,722,000,000
17  Portugal 1,000,000,000
18  Malta 133,100,000
19  Iceland -100,000,000
20  Croatia -102,300,000
21  Bulgaria -182,300,000
22  Macedonia -194,100,000
23  Estonia -352,300,000
24  Cyprus -358,200,000
25  Moldova -507,700,000
26  Lithuania -567,000,000
27  Latvia -613,900,000
28  Armenia -720,600,000
29  Bosnia and Herzegovina -939,500,000
30  Albania -1,280,000,000
31  Georgia -1,375,000,000
32  Serbia -1,807,000,000
33  Montenegro -1,938,000,000 (2012 est.)
34  Romania -1,986,000,000
35  Finland -2,000,000,000
36  Italy -2,400,000,000
37  Czech Republic -3,270,000,000
38  Belarus -4,245,000,000
39  Belgium -9,100,000,000
40  Poland -11,060,000,000
41  Ukraine -11,920,000,000
 European Union[n 1] -34,490,000,000 (2011 est.)
42  Turkey -58,350,000,000
43  France -58,970,000,000
44  United Kingdom -93,600,000,000

Public debt

The public debt values provided are the 2013 figures (unless otherwise indicated) as recorded in the CIA World Factbook.[8] Figures for Liechtenstein and Monaco are unavailable.

Rank Country Public Debt (% of GDP)
1  Greece 175.00
2  Italy 133.00
3  Iceland 130.50
4  Portugal 127.80
5  Ireland 124.20
6  Cyprus 113.10
7  Belgium 102.40
8  Spain 93.70
9  France 93.40
10  United Kingdom 91.10
11  Germany 79.90
12  Hungary 79.80
13  Austria 75.70
14  Malta 75.30
15  Netherlands 74.30
16  Slovenia 71.70
17  Albania 70.50
18  Croatia 66.20
19  Serbia 61.20
20  Finland 56.50
21  Slovakia 55.50
22  Montenegro 52.10 (2012 est.)
23  Czech Republic 48.80
24  Poland 48.20
25  Denmark 47.00
26  Bosnia and Herzegovina 45.90
27  Sweden 41.50
28  Andorra 41.10 (2012)
29  Ukraine 40.60
30  Lithuania 40.20
31  Latvia 39.20
32  Romania 38.60
33  Armenia 37.70
34  Turkey 36.60
35  Georgia 36.30 (2012 est.)
36  Macedonia 34.30
37   Switzerland 33.80
38  Belarus 31.50
39  Norway 30.10
40  San Marino 25.80
41  Luxembourg 22.90
42  Bulgaria 18.40
43  Moldova 16.60
44  Russia 7.90
45  Azerbaijan 7.50
46  Estonia 6.00

Unemployment rate

The unemployment rate values provided are the most recent figures provided by varying sources, namely data released by state Governments.

Rank Country Unemployment Rate (%)
1  Belarus 0.5 (2013)[n 6]
2  Monaco 2.0 (2012)
3  Liechtenstein 2.5 (2011)
4  Andorra 2.9 (2013)
5   Switzerland 3.1 (2012)
6  Norway 3.4 (2014)
7  Austria 4.8 (2014)[n 7]
8  Germany 5.1 (2014)
9  Russia 5.2 (2013)
10  Iceland 5.4 (2013)
11  Azerbaijan 5.7 (2012)
12  United Kingdom 6.0 (2014)
13  Luxembourg 6.1 (2014)
14  Czech Republic 6.7 (2014)
15  Malta 6.9 (2014)
16  Denmark 7.0 (2014)
16  San Marino 7.0 (2012)
18  Hungary 7.1 (2014)
19  Romania 7.2 (2014)
20  Netherlands 7.3 (2014)
21  Sweden 8.1 (2014)
22  Finland 8.2 (2014)
23  Belgium 8.5 (2014)
24  Estonia 8.7 (2013)
25  Turkey 8.8 (2014)
26  Moldova 9.1 (2010)
27  Ukraine 9.2 (2009)
28  Poland 9.7 (2014)
29  Slovenia 9.8 (2014)
30  France 10.4 (2014)
 European Union[n 1] 10.6 (2014)
31  Ireland 11.0 (2014)
32  Lithuania 11.5 (2014)
33  Latvia 11.6 (2013)
34  Italy 12.6 (2014)
35  Bulgaria 13.1 (2014)
36  Georgia 13.7 (2014)
37  Slovakia 13.9 (2014)
38  Montenegro 15.0 (2013)
39  Cyprus 15.3 (2014)
40  Portugal 15.3 (2014)
41  Albania 16.9 (2013)
42  Armenia 17.3 (2013)
43  Croatia 17.6 (2014)
44  Serbia 20.8 (2014)
45  Spain 25.6 (2014)
46  Greece 25.9 (2014)
47  Bosnia and Herzegovina 27.0 (2013)
48  Macedonia 28.4 (2014)

Average wage

The average wage values provided are 2014 figures (unless otherwise stated) as recorded by varying sources, namely releases by respective Governments. The values are for monthly average wage (annual wage divided by 12 months) for net income (after taxes) in Euro currency.

Rank Country Net wage (Euro €)
1  Liechtenstein 6,003 (2010)
2   Switzerland 5049 (2011)
3  Monaco 4,436 (2012)
4  Norway 4,424 (2013)
5  Luxembourg 3,189 (2010)
6  Denmark 3,122 (2012)
7  Sweden 2,835
8  United Kingdom 2,723 (2013)
9  San Marino 2,390 (2013)
10  Finland 2,330
11  Iceland 2,253
12  Andorra 2,230 (2012)
13  Ireland 2,160 (2013)
14  Netherlands 2,136 (2012)
15  France 2,128 (2011)
16  Austria 2,114 (2012)
17  Germany 2,054 (2013)
18  Belgium 1,946 (2013)
19  Italy 1,923
20  Cyprus 1,833 (2013)
21  Spain 1,734 (2013)
22  Malta 1,092 (2013)
23  Slovenia 1,044 (2012)
24  Greece 1,004 (2013)
25  Portugal 985
26  Estonia 782
27  Poland 739
28  Croatia 710
29  Czech Republic 702
30  Slovakia 647
31  Turkey 632 (2012)
32  Latvia 566
33  Lithuania 541
34  Hungary 487
35  Montenegro 486 (2013)
36  Bosnia and Herzegovina 423 (2013)
37  Azerbaijan 402
38  Romania 398 (2013)
39  Georgia 385 (2013)
40  Russia 378
41  Serbia 373
42  Macedonia 353
43  Bulgaria 332 (2013)
44  Belarus 327 (2015)
45  Albania 320 (2013)
46  Armenia 232
47  Moldova 199
48  Ukraine 162 (2015)

Minimum wage

The minimum wage figures provided are the 2013 figures by The Federation of International Employers. Currency conversions from non-Euro currencies being based on the exchange rates of 2012.[9]

Rank Country Monthly minimum (Euro €)
1  Luxembourg 1,921
2  Monaco 1,593
3  San Marino 1,525
4  Netherlands 1,502
5  Germany 1,473
6  Belgium 1,472
7  Ireland 1,462
8  United Kingdom 1,461
9  France 1,458
10  Andorra 962
11  Slovenia 789
12  Malta 703
13  Spain 649
14  Greece 586
15  Portugal 505
16  Turkey 425
17  Poland 400
18  Croatia 392
19  Estonia 390
20  Slovakia 380
21  Latvia 360
22  Hungary 339
23  Czech Republic 332
24  Lithuania 300
25  Romania 228
26  Macedonia 203
27  Montenegro 193
28  Bulgaria 184
29  Serbia 173
30  Bosnia and Herzegovina 164
31  Albania 154
32  Belarus 126
33  Azerbaijan 120
34  Armenia 95
35  Moldova 94
36  Russia 83
37  Ukraine 67
38  Georgia 40

Social

Human Development Index

The Human Development Index values provided are the 2014 estimates for 2013 (unless otherwise stated), as included in the United Nations Development Programme's Human Development Report.[10]

Rank Country HDI Change
1  San Marino 0.961 (2008) N/A
2  Monaco 0.956 (2008) N/A
3  Norway 0.944 Increase 0.001
4   Switzerland 0.917 Increase 0.001
5  Netherlands 0.915 Steady
6  Germany 0.911 Steady
7  Denmark 0.900 Steady
8  Ireland 0.899 Decrease 0.002
9  Sweden 0.898 Increase 0.001
10  Iceland 0.895 Increase 0.002
11  United Kingdom 0.892 Increase 0.002
12  Liechtenstein 0.889 Increase 0.001
13  France 0.884 Steady
14  Austria 0.881 Increase 0.001
15  Belgium 0.881 Increase 0.001
16  Luxembourg 0.881 Increase 0.001
17  Finland 0.879 Steady
18  Slovenia 0.874 Steady
19  Italy 0.872 Steady
20  Spain 0.869 Steady
21  Czech Republic 0.861 Steady
22  Greece 0.853 Decrease 0.001
23  Cyprus 0.845 Decrease 0.003
24  Estonia 0.840 Increase 0.001
25  Lithuania 0.834 Increase 0.003
26  Poland 0.834 Increase 0.001
27  Andorra 0.830 Steady
28  Slovakia 0.830 Increase 0.001
29  Malta 0.829 Increase 0.002
30  Portugal 0.822 Steady
31  Hungary 0.818 Increase 0.001
32  Croatia 0.812 Steady
33  Latvia 0.810 Increase 0.002
34  Montenegro 0.789 Increase 0.002
35  Belarus 0.786 Increase 0.001
36  Romania 0.785 Increase 0.003
37  Russia 0.778 Increase 0.001
38  Bulgaria 0.777 Increase 0.001
39  Turkey 0.759 Increase 0.003
40  Azerbaijan 0.747 Increase 0.002
41  Serbia 0.745 Increase 0.002
42  Georgia 0.744 Increase 0.003
43  Ukraine 0.734 Increase 0.001
44  Macedonia 0.732 Increase 0.002
45  Bosnia and Herzegovina 0.731 Increase 0.002
46  Armenia 0.730 Increase 0.002
47  Albania 0.716 Increase 0.002
48  Moldova 0.663 Increase 0.006

Percentage living below poverty line

The percentage figures for citizens living below the poverty line are the latest available as provided by either the CIA World Factbook or the World Bank.[11][12][13] There is no data available for eleven European states.

Rank Country Percentage Year
1  Lithuania 4.0 2008
2  Norway 4.3 2007
3  Ireland 5.5 2009
4  Latvia 5.9 2004
5  Austria 6.0 2008
5  Azerbaijan 6.0 2012
7  France 6.2 2004
8   Switzerland 6.9 2010
9  Belarus 7.3 2011
10  Poland 7.6 2008
11  Ukraine 7.8 2011
12  Czech Republic 8.6 2012
13  Serbia 9.1 2013
14  Netherlands 10.5 2005
15  Montenegro 11.3 2012
16  Slovenia 12.3 2008
17  Russia 12.7 2011
18  Slovakia 13.2 2011
19  Denmark 13.4 2011
20  Hungary 13.9 2010
21  United Kingdom 14.0 2006
22  Albania 14.3 2012
23  Belgium 15.2 2007
24  Germany 15.5 2010
25  Moldova 16.6 2012
26  Turkey 16.9 2010
27  Estonia 17.5 2010
28  Georgia 17.7 2011
29  Bosnia and Herzegovina 17.9 2011
30  Croatia 18.0 2009
30  Portugal 18.0 2006
32  Spain 19.8 2005
33  Greece 20.0 2009
34  Bulgaria 20.7 2009
35  Romania 22.2 2011
36  Macedonia 27.1 2010
37  Armenia 34.1 2009

Social Progress Index

The Social Progress Index figures are provided by the nonprofit Social Progress Imperative and represent 2014. Eight European states are not represented as data is not available.[14]

Rank Country Social Progress Index
1   Switzerland 88.19
2  Iceland 88.07
3  Netherlands 87.37
4  Norway 87.12
5  Sweden 87.08
6  Finland 86.91
7  Denmark 86.55
8  Austria 85.11
9  Germany 84.61
10  United Kingdom 84.56
11  Ireland 84.05
12  Belgium 82.63
13  Slovenia 81.65
14  Estonia 81.65
15  France 81.10
16  Spain 80.77
17  Portugal 80.49
18  Czech Republic 80.41
19  Slovakia 78.93
20  Poland 77.44
21  Italy 76.93
22  Latvia 73.91
23  Hungary 73.87
24  Lithuania 73.76
25  Greece 73.43
26  Croatia 73.31
27  Serbia 70.61
28  Bulgaria 70.24
29  Albania 69.13
30  Macedonia 68.33
31  Romania 67.72
32  Montenegro 66.80
33  Belarus 65.20
34  Armenia 65.03
35  Bosnia and Herzegovina 64.99
36  Ukraine 64.91
37  Turkey 64.62
38  Georgia 63.94
39  Azerbaijan 62.44
40  Russia 60.79
41  Moldova 60.12

Opportunity

The Opportunity figures are included in the 2014 Social Progress Index by the nonprofit Social Progress Imperative. Eight European states are not represented as data is not available[14]

Rank Country Opportunity
1  Ireland 82.63
2  United Kingdom 82.29
3  Sweden 81.95
4  Finland 81.92
5  Iceland 81.71
6  Norway 80.82
7  Netherlands 80.63
8   Switzerland 79.92
9  Denmark 79.10
10  Belgium 76.34
11  Germany 75.81
12  Spain 75.19
13  Portugal 74.43
14  Austria 74.42
15  France 72.72
16  Estonia 72.32
17  Slovenia 69.3
18  Italy 66.58
19  Poland 66.50
20  Czech Republic 66.21
21  Hungary 63.46
22  Slovakia 63.04
23  Lithuania 61.84
24  Latvia 59.85
25  Greece 58.45
26  Bulgaria 56.98
27  Ukraine 55.33
28  Macedonia 55.23
29  Romania 54.91
30  Croatia 54.88
31  Albania 54.14
32  Serbia 52.87
33  Montenegro 52.48
34  Georgia 49.07
35  Moldova 48.04
36  Turkey 47.41
37  Armenia 47.39
38  Bosnia and Herzegovina 46.93
39  Russia 46.58
40  Belarus 44.13
41  Azerbaijan 42.54

World Happiness Report

The World Happiness Report is a measure of happiness published by the United Nations Sustainable Development Solutions Network, with the figures provided being the 2013 edition for the 2010 to 2012 period.[15]

Rank Country Happiness Change in happiness (2005-2006)
1  Denmark 7.693 Decrease -0.233
2  Norway 7.655 Increase 0.263
3   Switzerland 7.650 Increase 0.303
4  Netherlands 7.512 Increase 0.054
5  Sweden 7.480 Increase 0.171
6  Finland 7.389 Decrease -0.283
7  Austria 7.369 Increase 0.247
8  Iceland 7.355 N/A
9  Ireland 7.076 Decrease -0.068
10  Luxembourg 7.054 N/A
11  Belgium 6.967 Decrease -0.274
12  United Kingdom 6.883 Decrease -0.003
13  France 6.764 Decrease -0.049
14  Germany 6.672 Increase 0.163
15  Cyprus 6.466 Increase 0.228
16  Spain 6.322 Decrease -0.750
17  Czech Republic 6.290 Decrease -0.180
18  Slovenia 6.060 Increase 0.249
19  Italy 6.021 Decrease -0.691
20  Slovakia 5.969 Increase 0.705
21  Malta 5.964 N/A
22  Poland 5.822 Increase 0.085
23  Moldova 5.791 Increase 0.852
24  Croatia 5.661 Decrease -0.160
25  Albania 5.550 Increase 0.915
26  Belarus 5.504 Decrease -0.133
27  Russia 5.464 Increase 0.346
28  Greece 5.435 Decrease -0.891
29  Lithuania 5.426 Decrease -0.456
30  Estonia 5.426 Increase 0.074
31  Turkey 5.344 Increase 0.171
32  Montenegro 5.299 Increase 0.103
33  Portugal 5.101 Decrease -0.305
34  Ukraine 5.057 Increase 0.032
35  Latvia 5.046 Increase 0.358
36  Romania 5.033 Decrease -0.186
37  Serbia 4.813 Increase 0.063
38  Bosnia and Herzegovina 4.813 Decrease -0.087
39  Hungary 4.775 Decrease -0.300
40  Azerbaijan 4.604 Decrease -0.045
41  Macedonia 4.574 Increase 0.081
42  Armenia 4.316 Decrease -0.269
43  Georgia 4.187 Increase 0.496
44  Bulgaria 3.981 Increase 0.137

Summary

Economic

  •  Azerbaijan is the second fastest growing economy in Europe, and the fastest growing transcontinental economy
  •  Cyprus is the weakest growing economy in Europe, the European Union, the Eurozone and the European members of the Commonwealth of Nations
  •  France has the highest Net National Wealth of any European state
  •  Germany is the current largest economy in Europe, the European Union and the Eurozone, with Germany remaining the Eurozone's largest economy even once the United Kingdom has surpassed Germany to become Europe's largest economy
  •  Latvia is the fastest growing economy in both the Eurozone and the European Union
  •  Luxembourg is home to the highest GDP (nominal) per capita in both the European Union and Eurozone
  •  Malta is the smallest economy in the Eurozone as well as the European Union, and is the fastest growing European economy in the Commonwealth of Nations
  •  Moldova is the fastest growing economy in Europe, but is also one of Europe's poorest countries, with the lowest GDP (nominal) per capita of any European state
  •  Monaco has the highest GDP (nominal) per capita of any European state
  •  Russia is the largest transcontinental European economy and will remain so until at least 2030
  •  San Marino is Europe's smallest economy, and is also the third weakest growing economy in Europe
  •  United Kingdom is the largest European economy in the Commonwealth of Nations, and is also the largest none Eurozone economy in Europe, with the UK set to surpass Germany to become Europe's largest economy by 2030

Financial

  •  Austria has the lowest unemployment rate in the European Union and the Eurozone
  •  Belarus has the lowest unemployment rate in Europe, although this figure includes underemployment
  •  Bulgaria has the smallest average wage and monthly minimum wage in the European Union
  •  Estonia has the smallest public debt (as a percentage of GDP) of any state in Europe, as well as in the European Union and Eurozone
  •  France has the largest financial deficit of any state in the Eurozone
  •  Georgia has the lowest monthly minimum wage in Europe
  •  Germany has the largest financial surplus of any country in Europe as well as the remainder of the world
  •  Greece has the highest public debt (as a percentage of GDP) of any European state, as well as having the largest unemployment rate in the European Union and Eurozone
  •  Macedonia has the highest unemployment rate of any European state
  •  Liechtenstein has the highest average wage of any state in Europe
  •  Lithuania has the smallest average wage and monthly minimum wage in the Eurozone
  •  Luxembourg has the highest average wage in the European Union and Eurozone as well as the highest monthly minimum wage in the entirety of Europe
  •  Russia has the largest surplus of those European countries not a member of either (or both) the EU or Eurozone
  •  Ukraine has the smallest average wage in Europe, mostly as a result of ongoing political and military struggles
  •  United Kingdom has the largest deficit of any country in Europe and the European Union

Social

  •  Armenia has the largest percentage living under the poverty line of any state in Europe
  •  Azerbaijan has the smallest rating for Opportunity in Europe
  •  Bulgaria has the lowest Human Development Index figure in the European Union, as well as the largest percentage living under the poverty line in the EU, along with ranking last on the Social Progress Index in the EU, and being ranked last on the World Happiness Index in Europe
  •  Croatia has the smallest rating for Opportunity in the European Union
  •  Denmark ranks highest on the World Happiness Report in Europe and the European Union
  •  Greece has the largest percentage living under the poverty line in the Eurozone, and is also ranked last on the Social Progress Index among Eurozone members, including for Opportunity
  •  Ireland has the highest rating for Opportunity in Europe, the European Union and the Eurozone
  •  Latvia has the weakest Human Development Index and World Happiness Index figures in the Eurozone
  •  Lithuania has the smallest percentage living below the poverty line in Europe
  •  Moldova ranks lowest on the Human Development Index and Social Progress Index in Europe
  •  Netherlands has highest Human Development Index figure in the European Union and the Eurozone, and also ranks first in the EU and Eurozone on the Social Progress Index, as well as being the highest ranked country in the Eurozone on the World Happiness Index
  •  San Marino has the highest Human Development Index figure in Europe
  •   Switzerland ranks highest in Europe on the Social Progress Index

Notes

  1. ↑ 1.0 1.1 1.2 1.3 1.4 The European Union (EU) is an economic and political union of 28 member states that are located primarily in Europe. As the EU is not a country, it is not ranked on this list.
  2. ↑ Excludes data for the Republic of Crimea and Sevastopol.
  3. ↑ 3.0 3.1 3.2 As data by the IMF is unavailable, 2013 data by the World Bank is used.
  4. ↑ 4.0 4.1 As data by the CIA World Factbook is unavailable, 2013 data by the World Bank is used.
  5. ↑ 5.0 5.1 5.2 As data by the IMF is unavailable, the latest available data by the CIA World Factbook is used.
  6. ↑ Data for Belorussian unemployment does not take into account underemployment.
  7. ↑ Data for Austrian unemployment includes only those who were previously employed.

References

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  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Population below poverty line, The World Factbook, CIA, accessed on July 25, 2012.
  13. ↑ Poverty data: http://www.state.gov/g/drl/rls/hrrpt/2007/100577.htm Norway. Country Reports on Human Rights Practices - 2007], US Department of State; Population: Norway - CIA The World Factbook.
  14. ↑ 14.0 14.1 Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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