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ISSUE 62 page 9

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stats & facts

 

Unemployment continues to climb steeply in EU

Latest statistics on unemployment in the EU show no end to the increase that has been building since the financial crisis spread to the real economy. The overall figure is up by over 1% in the euro zone compared to a year ago and by 0.7% in the Community as a whole. Spain and Greece are the worst off with more than a quarter of workers without jobs and these two plus Portugal and Cyprus have recorded the highest increases. Germany and Austria are weathering the storm best at around 5%. Youth unemployment remains staggeringly high at 23.5%.

EUUnempChart2013

London tops rich list; Bulgaria, Romania last

Eurostat have published regional wealth statistics across the EU for 2010. Allowing for population and local prices, 8 of the top 10 richest areas are from Western Europe while all of the bottom 10 are from the East. London is the most prosperous although it should be stressed that commuting skews the figures as incoming workers who create wealth in the city are not counted as residents when the per capita calculation is done. The same effect applies to Luxembourg which comes second on the list. However no such proviso applies to the poorest regions among which Severozapaden in Bulgaria, for instance, is at only 26% of average EU wealth levels. Of the total of 270 regions 68 record figures below 75% of the average and these include West Wales and Cornwall from the U.K. as well as areas from Spain, Italy and Portugal.

Regional GDP per capita in the EU in 2010 (in PPS, EU ave, = 100)

The twenty highest                                          The twenty lowest

1

Inner London (UK)

328

1

Severozapaden (BUL)

26

2

Luxembourg (LUX)

266

2

Severen tsentralen (BUL)

29

3

Brussels (BEL)

223

3

Nord-Est (ROM)

29

4

Hamburg (GER)

203

4

Yuzhen tsentralen (BUL)

30

5

Île de France (FRA)

180

5

Severoiztochen (BUL)

36

6

Groningen (NL)

180

6

Yugoiztochen (BUL)

36

7

Bratislava (SK)

176

7

Sud-Vest Oltenia (ROM)

36

8

Prague (CZ)

172

8

Sud-Est (ROM)

38

9

Stockholm (SWE)

168

9

Sud-Muntenia (ROM)

39

10

Vienna (AUS)

165

10

Észak-Magyarország (HUN)

40

11

Oberbayern (GER)

163

11

Észak-Alföld (HUN)

41

12

N.E. Scotland (UK)

162

12

Dél-Alföld (HUN)

42

13

Darmstadt (GER)

161

13

Lubelskie (POL)

42

14

Bremen (GER)

158

14

Podkarpackie (POL)

42

15

Hovedstaden (DK)

157

15

Nord-Vest (ROM)

42

16

Utrecht (NL)

155

16

Dél-Dunántúl (HUN)

44

17

Helsinki (FIN)

154

17

Podlaskie (POL)

45

18

Noord-Holland (NL)

150

18

Centru (ROM)

45

19

Bolzano / Bozen (ITA)

146

19

Warmińsko-Mazurskie (POL)

46

20

Salzburg (AUS)

146

20

Swiętokrzyskie (POL)

47

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


A Purchasing Power Standard (PPS) is based on the price of the same basket of goods in different
countries. It eliminates distortions caused by fluctuating currency exchange rates.

 




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