Economic history of Europe Economy of Europe - Pre-1945. Prior to World War II, Europe's major financial and industrial states were the United Kingdom, France and Germany. The Industrial Revolution, which began in England, had spread rapidly across Europe, and before long the entire continent was at a high level of industry. World War I had briefly led to the industries of some European states stalling, but in the run-up to WW2 Europe had recovered well, and was competing with the ever ...

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Economy of Europe, Economy of Europe - Economic development, Economy of Europe - Pre-1945, Economy of Europe - 1945-1990, Economy of Europe - 1991-2003, Economy of Europe - 2004, Economy of Europe - Future, Economy of Europe - Regional variation, Economy of Europe - Trade blocs, Economy of Europe - European Union, Economy of Europe - European Free Trade Association, Economy of Europe - European Economic Area, Economy of Europe - Commonwealth of Independent States, Economy of Europe - Central European Free Trade Agreement, Economy of Europe - Currency and Central Banks, Economy of Europe - Stock exchanges, Economy of Europe - Economic sectors, Economy of Europe - Agriculture and fishing, Economy of Europe - Manufacturing, Economy of Europe - Investing and banking, Economy of Europe - Global trade relations, Economy of Europe - Economy by country, Economy of Europe - Lists

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Economy of Europe - Pre-1945. Prior to World War II, Europe's major financial and industrial states were the United Kingdom, France and Germany. The Industrial Revolution, which began in England, had spread rapidly across Europe, and before long the entire continent was at a high level of industry. World War I had briefly led to the industries of some European states stalling, but in the run-u ...

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Economy of Europe, Economy of Europe - Economic development, Economy of Europe - Pre-1945, Economy of Europe - 1945-1990, Economy of Europe - 1991-2003, Economy of Europe - 2004, Economy of Europe - Future, Economy of Europe - Regional variation, Economy of Europe - Trade blocs, Economy of Europe - European Union, Economy of Europe - European Free Trade Association, Economy of Europe - European Economic Area, Economy of Europe - Commonwealth of Independent States, Economy of Europe - Central European Free Trade Agreement, Economy of Europe - Currency and Central Banks, Economy of Europe - Stock exchanges, Economy of Europe - Economic sectors, Economy of Europe - Agriculture and fishing, Economy of Europe - Manufacturing, Economy of Europe - Investing and banking, Economy of Europe - Global trade relations, Economy of Europe - Economy by country, Economy of Europe - Lists

Read more here: » Economy of Europe: Encyclopedia II - Economy of Europe - Economic development

GDP is defined as the total value of goods and services produced within a territory during a specified period (or, if not specified, annually, so that "the UK GDP" is the UK's annual product), regardless of ownership. GDP differs from gross national product (GNP) in excluding inter-country income transfers, in effect attributing to a territory the product generated within it rather than the incomes received in it. Whereas nominal GDP refers to the total amount of money spent on GDP, real GDP adjusts ...

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Gross domestic product, Gross domestic product - Definition, Gross domestic product - The components of GDP, Gross domestic product - Examples of GDP component variables, Gross domestic product - Difference from Aggregate expenditure, Gross domestic product - The GDP Income account, Gross domestic product - Measurement, Gross domestic product - International Standards, Gross domestic product - National Measurement, Gross domestic product - Interest rates, Gross domestic product - Cross-border comparison, Gross domestic product - GDP and standard of living, Gross domestic product - Controversies, Gross domestic product - Lists of countries by their GDP

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GDP is defined as the total value of goods and services produced within a territory during a specified period (or, if not specified, annually, so that "the UK GDP" is the UK's annual product), regardless of ownership. GDP differs from gross national product (GNP) in excluding inter-country income transfers, in effect attributing to a territory the product generated within it rather than the incomes received in it. Whereas nominal GDP refers to the total amount of money spent on GDP, real GDP adjusts ...

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Gross domestic product, Gross domestic product - Definition, Gross domestic product - The components of GDP, Gross domestic product - Examples of GDP component variables, Gross domestic product - Difference from Aggregate expenditure, Gross domestic product - The GDP Income account, Gross domestic product - Measurement, Gross domestic product - International Standards, Gross domestic product - National Measurement, Gross domestic product - Interest rates, Gross domestic product - Cross-border comparison, Gross domestic product - GDP and standard of living, Gross domestic product - Controversies, Gross domestic product - Lists of countries by their GDP, Gross domestic product - Calculation

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List of Europe-related topics - Other. Crimea England European microstates Faroe Islands Gibraltar Guernsey Isle of Man Jersey Kaliningrad Oblast Kosovo Montenegro Nagorno-Karabakh Northern Ireland Scotland Serbia Svalbard Vojvodina Wales List of Europe-related topics - Former States. Kingdom of Aragon < ...

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List of Europe-related topics, List of Europe-related topics - States, List of Europe-related topics - Other, List of Europe-related topics - Former States, List of Europe-related topics - Regions, List of Europe-related topics - Geography and the environment, List of Europe-related topics - Geography, List of Europe-related topics - History, List of Europe-related topics - Conflicts, List of Europe-related topics - Economics, List of Europe-related topics - By country, List of Europe-related topics - Central Banks, List of Europe-related topics - Politics, List of Europe-related topics - European alliances, List of Europe-related topics - Media and communications, List of Europe-related topics - Television and radio, List of Europe-related topics - Newspapers, List of Europe-related topics - Communications, List of Europe-related topics - Transport, List of Europe-related topics - Culture, List of Europe-related topics - Food and drink, List of Europe-related topics - Languages, List of Europe-related topics - Religion and ethnicity, List of Europe-related topics - Sports and games, List of Europe-related topics - Education, List of Europe-related topics - Science and technology

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In general European nations are members of larger and more powerful trade blocs than anywhere in the world. Many credit this with Europe's reduced gap between the rich and poor. However, the rigidity of the European labour market has also been blamed for the higher unemployment and slower growth than North America. Economy of Europe - European Union. The European Union or EU is a supranational union of 25 European states + 2 acceding countries Romania and Bulgaria which already signed the adherence treaty ...

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Economy of Europe, Economy of Europe - Economic development, Economy of Europe - Pre-1945, Economy of Europe - 1945-1990, Economy of Europe - 1991-2003, Economy of Europe - 2004, Economy of Europe - Future, Economy of Europe - Regional variation, Economy of Europe - Trade blocs, Economy of Europe - European Union, Economy of Europe - European Free Trade Association, Economy of Europe - European Economic Area, Economy of Europe - Commonwealth of Independent States, Economy of Europe - Central European Free Trade Agreement, Economy of Europe - Currency and Central Banks, Economy of Europe - Stock exchanges, Economy of Europe - Economic sectors, Economy of Europe - Agriculture and fishing, Economy of Europe - Manufacturing, Economy of Europe - Investing and banking, Economy of Europe - Global trade relations, Economy of Europe - Economy by country, Economy of Europe - Lists

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Main article: Culture of Europe European Capital of Culture Europop Eurovision Song Contest List of early European musique concrète experimentalists European Theatre Convention Eurocentrism Music of Eastern Europe Nordic music List of Europe-related topics - Food and drink. European cuisine Eastern European cuisine See also:

List of Europe-related topics, List of Europe-related topics - States, List of Europe-related topics - Other, List of Europe-related topics - Former States, List of Europe-related topics - Regions, List of Europe-related topics - Geography and the environment, List of Europe-related topics - Geography, List of Europe-related topics - History, List of Europe-related topics - Conflicts, List of Europe-related topics - Economics, List of Europe-related topics - By country, List of Europe-related topics - Central Banks, List of Europe-related topics - Politics, List of Europe-related topics - European alliances, List of Europe-related topics - Media and communications, List of Europe-related topics - Television and radio, List of Europe-related topics - Newspapers, List of Europe-related topics - Communications, List of Europe-related topics - Transport, List of Europe-related topics - Culture, List of Europe-related topics - Food and drink, List of Europe-related topics - Languages, List of Europe-related topics - Religion and ethnicity, List of Europe-related topics - Sports and games, List of Europe-related topics - Education, List of Europe-related topics - Science and technology

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List of Europe-related topics - Television and radio. European Broadcasting Union List of television stations in Europe Lists of radio stations in Europe Pirate Radio in Europe List of Europe-related topics - Newspapers. List of Europe-related topics - Communication ...

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List of Europe-related topics, List of Europe-related topics - States, List of Europe-related topics - Other, List of Europe-related topics - Former States, List of Europe-related topics - Regions, List of Europe-related topics - Geography and the environment, List of Europe-related topics - Geography, List of Europe-related topics - History, List of Europe-related topics - Conflicts, List of Europe-related topics - Economics, List of Europe-related topics - By country, List of Europe-related topics - Central Banks, List of Europe-related topics - Politics, List of Europe-related topics - European alliances, List of Europe-related topics - Media and communications, List of Europe-related topics - Television and radio, List of Europe-related topics - Newspapers, List of Europe-related topics - Communications, List of Europe-related topics - Transport, List of Europe-related topics - Culture, List of Europe-related topics - Food and drink, List of Europe-related topics - Languages, List of Europe-related topics - Religion and ethnicity, List of Europe-related topics - Sports and games, List of Europe-related topics - Education, List of Europe-related topics - Science and technology

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West Europe, with a long history of trade, a free market system, and a high level of development in the previous century, has been wealthier and more stable than the East, even though the gap is converging due to higher growth rates in the East. The poorest states are those that just emerged from communism and civil wars, namely those of the former and Soviet Union and Yugoslavia . ...

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Economy of Europe, Economy of Europe - Economic development, Economy of Europe - Pre-1945, Economy of Europe - 1945-1990, Economy of Europe - 1991-2003, Economy of Europe - 2004, Economy of Europe - Future, Economy of Europe - Regional variation, Economy of Europe - Trade blocs, Economy of Europe - European Union, Economy of Europe - European Free Trade Association, Economy of Europe - European Economic Area, Economy of Europe - Commonwealth of Independent States, Economy of Europe - Central European Free Trade Agreement, Economy of Europe - Currency and Central Banks, Economy of Europe - Stock exchanges, Economy of Europe - Economic sectors, Economy of Europe - Agriculture and fishing, Economy of Europe - Manufacturing, Economy of Europe - Investing and banking, Economy of Europe - Global trade relations, Economy of Europe - Economy by country, Economy of Europe - Lists

Read more here: » Economy of Europe: Encyclopedia II - Economy of Europe - Regional variation

Gross domestic product - International Standards. The international standard for measuring GDP is contained in the book System of National Accounts (1993), which was prepared by representatives of the International Monetary Fund, European Union, Organisation for Economic Co-operation and Development, United Nations and World Bank. The publication is normally referred to as SNA93, to distinguish it from ...

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Gross domestic product, Gross domestic product - Definition, Gross domestic product - The components of GDP, Gross domestic product - Examples of GDP component variables, Gross domestic product - Difference from Aggregate expenditure, Gross domestic product - The GDP Income account, Gross domestic product - Measurement, Gross domestic product - International Standards, Gross domestic product - National Measurement, Gross domestic product - Interest rates, Gross domestic product - Cross-border comparison, Gross domestic product - GDP and standard of living, Gross domestic product - Controversies, Gross domestic product - Lists of countries by their GDP

Read more here: » Gross domestic product: Encyclopedia II - Gross domestic product - Measurement

Although GDP is widely used by economists, its value as an indicator has also been the subject of controversy. Criticisms of GDP include: GDP doesn't take into account the black economy, where the money spent isn't registered, and the non-monetary economy, where no money comes into play at all, resulting in inaccurate or abnormally low GDP figures. For example, in countries with major business transactions occurring informally, portions of local economy are not easily registered. Bartering may be more prominent than the use of m ...

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Gross domestic product, Gross domestic product - Definition, Gross domestic product - The components of GDP, Gross domestic product - Examples of GDP component variables, Gross domestic product - Difference from Aggregate expenditure, Gross domestic product - The GDP Income account, Gross domestic product - Measurement, Gross domestic product - International Standards, Gross domestic product - National Measurement, Gross domestic product - Interest rates, Gross domestic product - Cross-border comparison, Gross domestic product - GDP and standard of living, Gross domestic product - Controversies, Gross domestic product - Lists of countries by their GDP

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GDP per capita is often used as an indicator of standard of living in an economy. While this approach has advantages, many criticisms of GDP focus on its use as an indicator of standard of living. The major advantages to using GDP per capita as an indicator of standard of living are that it is measured frequently, widely and consistently. Frequently in that most countries provide information on GDP on a quarterly basis, which allows a user to spot trends more quickly. Widely in that some measure of GDP is available for practically eve ...

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Gross domestic product, Gross domestic product - Definition, Gross domestic product - The components of GDP, Gross domestic product - Examples of GDP component variables, Gross domestic product - Difference from Aggregate expenditure, Gross domestic product - The GDP Income account, Gross domestic product - Measurement, Gross domestic product - International Standards, Gross domestic product - National Measurement, Gross domestic product - Interest rates, Gross domestic product - Cross-border comparison, Gross domestic product - GDP and standard of living, Gross domestic product - Controversies, Gross domestic product - Lists of countries by their GDP

Read more here: » Gross domestic product: Encyclopedia II - Gross domestic product - GDP and standard of living

The level of GDP in different countries may be compared by converting their value in national currency according to either current currency exchange rate: GDP calculated by exchange rates prevailing on international currency markets purchasing power parity exchange rate: GDP calculated by purchasing power parity (PPP) of each currency relative to a selected standard (usually the United States dollar). The relative ranking of countries may differ dramatically between the two approaches. ...

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Gross domestic product, Gross domestic product - Definition, Gross domestic product - The components of GDP, Gross domestic product - Examples of GDP component variables, Gross domestic product - Difference from Aggregate expenditure, Gross domestic product - The GDP Income account, Gross domestic product - Measurement, Gross domestic product - International Standards, Gross domestic product - National Measurement, Gross domestic product - Interest rates, Gross domestic product - Cross-border comparison, Gross domestic product - GDP and standard of living, Gross domestic product - Controversies, Gross domestic product - Lists of countries by their GDP

Read more here: » Gross domestic product: Encyclopedia II - Gross domestic product - Cross-border comparison

Main article: Politics of Europe Organization for Security and Co-operation in Europe Visegrád group Central European Initiative Commonwealth of Independent States European Union List of European Union-related topics NATO European Foreign Policy USSR Pro-European Europhile Europeanist Euroscepticism Eurooptimism Euronaivism Eurorealism Anti-European EuropolSee also:

List of Europe-related topics, List of Europe-related topics - States, List of Europe-related topics - Other, List of Europe-related topics - Former States, List of Europe-related topics - Regions, List of Europe-related topics - Geography and the environment, List of Europe-related topics - Geography, List of Europe-related topics - History, List of Europe-related topics - Conflicts, List of Europe-related topics - Economics, List of Europe-related topics - By country, List of Europe-related topics - Central Banks, List of Europe-related topics - Politics, List of Europe-related topics - European alliances, List of Europe-related topics - Media and communications, List of Europe-related topics - Television and radio, List of Europe-related topics - Newspapers, List of Europe-related topics - Communications, List of Europe-related topics - Transport, List of Europe-related topics - Culture, List of Europe-related topics - Food and drink, List of Europe-related topics - Languages, List of Europe-related topics - Religion and ethnicity, List of Europe-related topics - Sports and games, List of Europe-related topics - Education, List of Europe-related topics - Science and technology

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Main article: Economy of Europe Central European Free Trade Agreement Commonwealth of Independent States European Economic Area European Free Trade Association European Union Euro Eurozone List of European countries by GDP Financial and social rankings of European countries European decency threshold List of business schools in Europe List of European companies European Bank for Reconstruction and Development < ...

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List of Europe-related topics, List of Europe-related topics - States, List of Europe-related topics - Other, List of Europe-related topics - Former States, List of Europe-related topics - Regions, List of Europe-related topics - Geography and the environment, List of Europe-related topics - Geography, List of Europe-related topics - History, List of Europe-related topics - Conflicts, List of Europe-related topics - Economics, List of Europe-related topics - By country, List of Europe-related topics - Central Banks, List of Europe-related topics - Politics, List of Europe-related topics - European alliances, List of Europe-related topics - Media and communications, List of Europe-related topics - Television and radio, List of Europe-related topics - Newspapers, List of Europe-related topics - Communications, List of Europe-related topics - Transport, List of Europe-related topics - Culture, List of Europe-related topics - Food and drink, List of Europe-related topics - Languages, List of Europe-related topics - Religion and ethnicity, List of Europe-related topics - Sports and games, List of Europe-related topics - Education, List of Europe-related topics - Science and technology

Read more here: » List of Europe-related topics: Encyclopedia II - List of Europe-related topics - Economics

Economy of Europe - Agriculture and fishing. Europe's agricultural sector is in general highly developed, especially in Western Europe. The process of making Eastern Europe's agriculture, which is recovering from forty years of communism, more efficient is well underway and is helped by the accession of Eastern European states to the EU. The agricultural sector in Europe is helped by the Common Agricultural Policy, which provides farmers with a minimal price for their products and subsidizes their exports, which ...

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Economy of Europe, Economy of Europe - Economic development, Economy of Europe - Pre-1945, Economy of Europe - 1945-1990, Economy of Europe - 1991-2003, Economy of Europe - 2004, Economy of Europe - Future, Economy of Europe - Regional variation, Economy of Europe - Trade blocs, Economy of Europe - European Union, Economy of Europe - European Free Trade Association, Economy of Europe - European Economic Area, Economy of Europe - Commonwealth of Independent States, Economy of Europe - Central European Free Trade Agreement, Economy of Europe - Currency and Central Banks, Economy of Europe - Stock exchanges, Economy of Europe - Economic sectors, Economy of Europe - Agriculture and fishing, Economy of Europe - Manufacturing, Economy of Europe - Investing and banking, Economy of Europe - Global trade relations, Economy of Europe - Economy by country, Economy of Europe - Lists

Read more here: » Economy of Europe: Encyclopedia II - Economy of Europe - Economic sectors

GDP per capita is often used as an indicator of standard of living in an economy. While this approach has advantages, many criticisms of GDP focus on its use as an indicator of standard of living. The major advantages to using GDP per capita as an indicator of standard of living are that it is measured frequently, widely and consistently. Frequently in that most countries provide information on GDP on a quarterly basis, which allows a user to spot trends more quickly. Widely in that some measure of GDP is available for practically eve ...

See also:

Gross domestic product, Gross domestic product - Definition, Gross domestic product - The components of GDP, Gross domestic product - Examples of GDP component variables, Gross domestic product - Difference from Aggregate expenditure, Gross domestic product - The GDP Income account, Gross domestic product - Measurement, Gross domestic product - International Standards, Gross domestic product - National Measurement, Gross domestic product - Interest rates, Gross domestic product - Cross-border comparison,