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Hessen in an EU comparison

More than half the member states generated a lower GDP in 2012 than Hessen.

 

The economic weights of the states assembled under the umbrella of the European Union vary greatly. The spread of nominal Gross Domestic Products (GDP) ranges from nearly seven billion euros (Malta) to 2644 billion euros (Germany). Apart from Germany, in 2012 France was above the 2000 mark for the first time with 2030 billion euros. 21 of the 27 EU states, i.e. the vast majority, produced goods and services with a value of less than 500 billion euros in 2012. Ten of them produced less than 100 billion euros.

 

If Hessen were an EU member, it would find itself between Denmark (243 billion euros) and Finland (195 billion euros) with a GDP of 230 billion euros, i.e. between the eleventh and twelfth place. More than half the member states generated a lower GDP than Hessen in 2012.

 

At 37,700 euros Hessen reached fourth place between Sweden (43,200 euros) and Austria (36,700 euros). Thus the federal state was well ahead of Germany (32,300 euros) and between the non-European economies of the USA and Japan, which generated 38,900 and 36,400 euros per inhabitant. China, which has distinguished itself with very dynamic development, is, at 4,700 euros, behind Bulgaria, which took last place in the EU.

 

In the dynamism already mentioned Latvia led with economic growth of 5.3 per cent. The spread of 11.7 percentage points is considerable – Greece had to accept a decline of 6.4 per cent. With 0.9 per cent Hessen was well above the average of the EU 27 (minus 0.3 per cent). The larger economies of the world were able to grow more strongly. The USA (2.2 per cent) and also Japan with 1.9 per cent were ahead of Hessen. In contrast, China left all the other economies considered here well behind with 7.8 per cent.