Europe's Crisis, Europe's Future

Appendix: Economic Data for Select European Economies, 2000-14

Appendix: Economic Data for Select European Economies, 2000–14 Table A-1. GDP Growth, 2000–14 Annual percentage change at constant prices 2000–07 2008–12 2013* 2014* France 2.1 0.1 0.2 1.0 Germany 1.7 0.7 0.5 1.4 Greece 4.1 −4.4 −4.2 0.6 Italy 1.6 −1.4 −1.8 0.7 Portugal 1.5 −1.1 −1.8 0.8 Spain 3.6 −1.0 −1.3 0.2 Sweden 3.2 0.9 0.9 2.3 United Kingdom 3.2 −0.6 1.4 1.9 United States 2.6 0.8 1.6 2.6 Euro area (17) 2.2 −0.3 −0.4 1.0 European Union (28) 2.7 −0.1 0.0 1.3 Source: IMF, World Economic Outlook (October 2013). *Estimated. 188 appendix 189 Table A-2. Output Gap, 2000–14 Annual average, percent of potential GDP 2000–07 2008–12 2013* 2014* France 1.6 −1.4 −2.5 −2.5 Germany 0.2 −0.4 −0.4 −0.2 Greece 2.0 2.0 −10.7 −9.5 Italy 1.7 −1.8 −4.8 −4.0 Portugal 0.7 −1.2 −4.5 −3.8 Spain 1.6 −1.7 −4.2 −3.6 Sweden 1.2 −0.9 −1.3 −0.8 United Kingdom 2.3 −1.5 −2.7 −2.4 United States 0.5 −4.6 −4.5 −4.0 Euro area (17) 1.1 −1.0 −2.7 −2.5 European Union (28) — — — — Source: IMF, World Economic Outlook (October 2013). *Estimated. Table A-3. Current Account Balances, 2000–14 Annual average, percent of GDP 2000–07 2008–12 2013* 2014* France Savings 20.3 18.5 18.2 18.7 Investment 19.8 20.1 19.6 20.0 Current Account 0.5 −1.7 −1.6 −1.6 Germany Savings 22.1 24.0 23.5 23.8 Investment 18.9 17.7 17.6 18.1 Current Account 3.2 6.3 6.0 5.7 Greece Savings 15.1 8.1 12.2 13.7 Investment 23.6 18.0 13.2 14.1 Current Account −8.4 −9.9 −1.0 −0.5 Italy Savings 20.6 17.1 17.4 17.9 Investment 21.2 19.5 17.4 17.7 Current Account −0.6 −2.4 0.0 0.2 Portugal Savings 15.4 11.2 15.6 15.6 Investment 24.8 19.7 14.7 14.8 Current Account −9.3 −8.5 0.9 0.9 Spain Savings 22.5 18.6 19.4 20.0 Investment 28.3 23.4 18.0 17.3 Current Account −5.8 −4.8 1.4 2.6 Sweden Savings 24.7 25.6 24.4 24.4 Investment 18.2 18.8 18.7 18.9 Current Account 6.5 6.8 5.7 5.5 (continued) 190 appendix United Kingdom Savings 15.3 13.1 11.3 12.2 Investment 17.5 15.2 14.0 14.5 Current Account −2.2 −2.1 −2.8 −2.3 United States Savings 18.4 15.4 16.7 17.4 Investment 22.5 18.8 19.4 20.2 Current Account −4.7 −3.2 −2.7 −2.8 Euro area (17) Savings 21.7 20.2 20.4 20.8 Investment 21.2 19.6 17.9 18.1 Current Account 0.4 0.5 2.3 2.5 European Union (28) Savings 20.6 19.3 19.2 19.6 Investment 20.7 19.2 17.7 17.9 Current Account −0.1 0.1 1.5 1.6 Source: IMF, World Economic Outlook (October 2013). *Estimated. Table A-3. Current Account Balances, 2000–14 (continued) Annual average, percent of GDP 2000–07 2008–12 2013* 2014* Table A-4. Trade and Current Account Balances, 2000–14 Annual average, percent of GDP 2000–07 2008–12 2013* 2014* France Trade 0.2 −2.3 −2.2 −2.4 Current Account 0.5 −1.7 −1.6 −1.6 Germany Trade 4.2 5.6 5.9 5.7 Current Account 3.2 6.3 6.0 5.7 Greece Trade −12.2 −9.7 −2.2 −0.3 Current Account −8.4 −9.9 −1.0 −0.5 Italy Trade 0.4 −0.7 2.6 2.8 Current Account −0.6...