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MGM Research
UNITED STATES (US) VS EUROPEAN UNION (EU)
A GDP COMPARISON
https://mgmresearch.com/us-vs-eu-a-gdp-comparison
Image Source: Wikipedia
https://en.wikipedia.org/wiki/United_States
https://en.wikipedia.org/wiki/European_Union
Image Source: Wikipedia
https://en.wikipedia.org/wiki/European_Union
EUROPEAN UNION MEMBER STATES
The European Union (EU) is a
political and economic union of
28 countries in the Europe
continent.
Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
US VS EU: LAND AREA COMPARISON
9,147,593
4,340,562
640,427
498,980
410,335
348,672
311,888
303,815
294,140
241,930
231,291
130,647
108,489
91,470
89,608
82,445
77,247
68,883
62,680
62,249
55,974
48,105
42,434
42,388
33,893
30,278
20,151
9,241
2,586
316
United
States
European
UnionFrance
SpainSw
edenGerm
anyPolandFinland
Italy
United
KingdomRom
aniaGreeceBulgariaPortugalHungaryAustria
Czech
RepublicIrelandLithuania
LatviaCroatia
SlovakRepublicDenm
arkEstonia
NetherlandsBelgiumSloveniaCyprus
Luxem
bourg
M
alta
The US land area is double than that
of the EU total land area. The US land
area is over 14-times more than the
land area of France – the EU largest
country by land area.
Land Area
(in Sq. Km)
Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
US VS EU: GDP COMPARISON 1980-2018
0
5,000
10,000
15,000
20,000
25,000
1980 1985 1990 1995 2000 2005 2010 2015
EU
US
GDP, current prices
(billions of US dollars)
The EU has been ahead of the US on GDP
during most of the years in the past.
However, post Brexit, it will be difficult for
the EU to catch up with the US on GDP.
Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
US VS EU: GDP COMPARISON 2018
20,513
18,769
4,029
2,809
2,795
2,087
1,437
910
555
549
536
459
366
355
277
245
239
238
218
156
107
69
64
60
55
52
34
30
24
14
United
States
European
UnionGerm
any
United
Kingdom
France
Italy
Spain
NetherlandsSw
edenPolandBelgiumAustriaIrelandDenm
arkFinland
Czech
RepublicRom
aniaPortugalGreeceHungary
SlovakRepublic
Luxem
bourgBulgariaCroatiaSloveniaLithuania
LatviaEstoniaCyprus
M
alta
The top-5 countries account
for 70% of the EU total GDP.
GDP, current prices
(billions of US dollars)
Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
US VS EU: POPULATION COMPARISON 1980-2018
432
228
511
328
0
100
200
300
400
500
600
1980 1985 1990 1995 2000 2005 2010 2015
EU
US
Population
(in millions)
From 1980 to 2018, the EU population increased by 79 million,
whereas the US population increased by 100 million.
Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
US VS EU: POPULATION COMPARISON 2018
511
328
83
66
65
61
46
38
20
17
11
11
11
10
10
10
9
7
6
6
5
5
4
3
2
2
1
1
1
0
European
Union
United
StatesGerm
any
United
Kingdom
France
Italy
SpainPolandRom
ania
NetherlandsBelgium
Greece
Czech
RepublicSw
edenPortugalHungaryAustriaBulgariaDenm
arkFinland
SlovakRepublicIrelandCroatiaLithuaniaSlovenia
LatviaEstoniaCyprus
Luxem
bourg
M
alta
The US population is less than two-
third of the EU total population. The
US population is 4-times more than
Germany - the EU most populated
country.
Population
(in millions)
Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
US VS EU: GDP PER CAPITA COMPARISON 1980-2018
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
1980 1985 1990 1995 2000 2005 2010 2015
GDP per capita, current prices
(billions of US dollars)
The GDP per capita
gap reached its
maximum in 2017.
EU
US
Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
US VS EU: GDP PER CAPITA COMPARISON 2018
113,954
75,192
62,518
61,227
53,867
52,931
51,708
50,068
48,670
46,979
42,931
42,261
36,736
34,349
31,060
30,555
27,865
26,586
23,176
23,085
22,417
20,311
19,642
18,857
17,634
16,016
14,637
14,469
12,189
9,080
Luxem
bourgIreland
United
StatesDenm
arkSw
eden
NetherlandsAustriaFinlandGerm
anyBelgium
France
United
Kingdom
European
Union
Italy
Spain
M
altaCyprusSloveniaPortugal
Czech
RepublicEstoniaGreece
SlovakRepublicLithuania
LatviaHungaryCroatiaPolandRom
aniaBulgaria
The US GDP per capita is 1.7x of that of the EU
and is more than the GDP per capita of the top-10
EU countries by GDP.
GDP per capita, current prices
(billions of US dollars)
Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
US VS EU: GDP PPP COMPARISON 1980-2018
0
5,000
10,000
15,000
20,000
25,000
1980 1985 1990 1995 2000 2005 2010 2015
EU
GDP PPP, current prices
(billions of international dollars)
The EU has always been ahead of the US on
GDP PPP in the past. However, post Brexit, the
US will take over the EU on GDP PPP as well.
US
Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
US VS EU: GDP PPP COMPARISON 2018
22,031
20,513
4,379
3,034
2,969
2,398
1,868
1,202
972
550
543
514
464
396
379
329
313
308
300
257
191
163
107
97
76
66
57
44
34
21
European
Union
United
StatesGerm
any
United
Kingdom
France
Italy
SpainPoland
NetherlandsBelgiumSw
edenRom
aniaAustria
Czech
RepublicIrelandPortugalGreeceHungaryDenm
arkFinland
SlovakRepublicBulgariaCroatiaLithuaniaSlovenia
Luxem
bourg
LatviaEstoniaCyprus
M
alta
US GDP PPP is 5x of
Germany, 7x of UK
and France, 9x of
Italy, and 11x of
Spain.
GDP PPP, current prices
(billions of international dollars)
Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
US VS EU: GDP PPP PER CAPITA COMPARISON 1980-2018
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
1980 1985 1990 1995 2000 2005 2010 2015
EU
US
GDP PPP per capita, current prices
(international dollars per capita)
The GDP PPP
per capita
gap continues
to increase.
Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
US VS EU: GDP PPP PER CAPITA COMPARISON 2018
109,199
77,670
62,518
56,571
52,897
52,719
52,225
51,841
48,179
46,559
45,643
45,601
44,587
43,120
40,371
39,472
39,302
37,423
36,826
35,099
34,829
33,553
32,023
31,647
31,561
29,488
29,112
26,216
26,176
23,207
Luxem
bourgIreland
United
States
NetherlandsGerm
anySw
edenAustriaDenm
arkBelgiumFinland
United
Kingdom
France
M
alta
European
Union
Spain
ItalyCyprus
Czech
RepublicSlovenia
SlovakRepublicLithuaniaEstoniaPortugalPolandHungary
LatviaGreeceCroatiaRom
aniaBulgaria
The US GDP PPP per capita is 1.4x of that of the EU
and is more than the GDP PPP per capita of top-10 EU
countries by GDP PPP.
GDP PPP per capita, current prices
(international dollars per capita)
Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
US VS EU: REAL GDP GROWTH COMPARISON 1980-2018
-6%
-3%
0%
3%
6%
9%
1980 1985 1990 1995 2000 2005 2010 2015
EU
US
Real GDP growth
(annual percentage change)
Since 2008, the real GDP growth of the US
and the EU has remained less than 3%.
Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
US VS EU: REAL GDP GROWTH COMPARISON 2018
5.7%
4.7%
4.5%
4.4%
4.0%
4.0%
4.0%
4.0%
3.9%
3.7%
3.7%
3.6%
3.5%
3.1%
2.9%
2.8%
2.8%
2.8%
2.7%
2.6%
2.4%
2.3%
2.2%
2.0%
2.0%
1.9%
1.6%
1.5%
1.4%
1.2%
M
altaIrelandSloveniaPoland
Luxem
bourgHungaryRom
aniaCyprus
SlovakRepublic
LatviaEstoniaBulgariaLithuania
Czech
Republic
United
StatesAustria
NetherlandsCroatia
SpainFinlandSw
edenPortugal
European
UnionGreeceDenm
arkGerm
anyFranceBelgium
United
Kingdom
Italy
The US real GDP growth is more than that of the
EU top countries (by GDP), despite the fact that
the US GDP is much higher. Usually, achieving
more growth on higher numbers is difficult.
Real GDP growth
(annual percentage change)
Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research
US VS EU: GDP AND GDP PER CAPITA GROWTH SUMMARY
-10,000
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
1970 1980 1990 2000 2010 2020 2030
GDP per capita,
current prices
(US dollars per capita)
Size of Bubble represents
GDP, current prices
(Billion of US dollars)
GDP up 7x.
GDP per capita up 5x.
GDP up 5x.
GDP per capita up 4x.
United States
European Union

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US vs EU GDP Comparison: US Economy Nearly Double the Size of EU

  • 1. MGM Research UNITED STATES (US) VS EUROPEAN UNION (EU) A GDP COMPARISON https://mgmresearch.com/us-vs-eu-a-gdp-comparison Image Source: Wikipedia https://en.wikipedia.org/wiki/United_States https://en.wikipedia.org/wiki/European_Union
  • 2. Image Source: Wikipedia https://en.wikipedia.org/wiki/European_Union EUROPEAN UNION MEMBER STATES The European Union (EU) is a political and economic union of 28 countries in the Europe continent.
  • 3. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research US VS EU: LAND AREA COMPARISON 9,147,593 4,340,562 640,427 498,980 410,335 348,672 311,888 303,815 294,140 241,930 231,291 130,647 108,489 91,470 89,608 82,445 77,247 68,883 62,680 62,249 55,974 48,105 42,434 42,388 33,893 30,278 20,151 9,241 2,586 316 United States European UnionFrance SpainSw edenGerm anyPolandFinland Italy United KingdomRom aniaGreeceBulgariaPortugalHungaryAustria Czech RepublicIrelandLithuania LatviaCroatia SlovakRepublicDenm arkEstonia NetherlandsBelgiumSloveniaCyprus Luxem bourg M alta The US land area is double than that of the EU total land area. The US land area is over 14-times more than the land area of France – the EU largest country by land area. Land Area (in Sq. Km)
  • 4. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research US VS EU: GDP COMPARISON 1980-2018 0 5,000 10,000 15,000 20,000 25,000 1980 1985 1990 1995 2000 2005 2010 2015 EU US GDP, current prices (billions of US dollars) The EU has been ahead of the US on GDP during most of the years in the past. However, post Brexit, it will be difficult for the EU to catch up with the US on GDP.
  • 5. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research US VS EU: GDP COMPARISON 2018 20,513 18,769 4,029 2,809 2,795 2,087 1,437 910 555 549 536 459 366 355 277 245 239 238 218 156 107 69 64 60 55 52 34 30 24 14 United States European UnionGerm any United Kingdom France Italy Spain NetherlandsSw edenPolandBelgiumAustriaIrelandDenm arkFinland Czech RepublicRom aniaPortugalGreeceHungary SlovakRepublic Luxem bourgBulgariaCroatiaSloveniaLithuania LatviaEstoniaCyprus M alta The top-5 countries account for 70% of the EU total GDP. GDP, current prices (billions of US dollars)
  • 6. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research US VS EU: POPULATION COMPARISON 1980-2018 432 228 511 328 0 100 200 300 400 500 600 1980 1985 1990 1995 2000 2005 2010 2015 EU US Population (in millions) From 1980 to 2018, the EU population increased by 79 million, whereas the US population increased by 100 million.
  • 7. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research US VS EU: POPULATION COMPARISON 2018 511 328 83 66 65 61 46 38 20 17 11 11 11 10 10 10 9 7 6 6 5 5 4 3 2 2 1 1 1 0 European Union United StatesGerm any United Kingdom France Italy SpainPolandRom ania NetherlandsBelgium Greece Czech RepublicSw edenPortugalHungaryAustriaBulgariaDenm arkFinland SlovakRepublicIrelandCroatiaLithuaniaSlovenia LatviaEstoniaCyprus Luxem bourg M alta The US population is less than two- third of the EU total population. The US population is 4-times more than Germany - the EU most populated country. Population (in millions)
  • 8. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research US VS EU: GDP PER CAPITA COMPARISON 1980-2018 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 1980 1985 1990 1995 2000 2005 2010 2015 GDP per capita, current prices (billions of US dollars) The GDP per capita gap reached its maximum in 2017. EU US
  • 9. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research US VS EU: GDP PER CAPITA COMPARISON 2018 113,954 75,192 62,518 61,227 53,867 52,931 51,708 50,068 48,670 46,979 42,931 42,261 36,736 34,349 31,060 30,555 27,865 26,586 23,176 23,085 22,417 20,311 19,642 18,857 17,634 16,016 14,637 14,469 12,189 9,080 Luxem bourgIreland United StatesDenm arkSw eden NetherlandsAustriaFinlandGerm anyBelgium France United Kingdom European Union Italy Spain M altaCyprusSloveniaPortugal Czech RepublicEstoniaGreece SlovakRepublicLithuania LatviaHungaryCroatiaPolandRom aniaBulgaria The US GDP per capita is 1.7x of that of the EU and is more than the GDP per capita of the top-10 EU countries by GDP. GDP per capita, current prices (billions of US dollars)
  • 10. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research US VS EU: GDP PPP COMPARISON 1980-2018 0 5,000 10,000 15,000 20,000 25,000 1980 1985 1990 1995 2000 2005 2010 2015 EU GDP PPP, current prices (billions of international dollars) The EU has always been ahead of the US on GDP PPP in the past. However, post Brexit, the US will take over the EU on GDP PPP as well. US
  • 11. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research US VS EU: GDP PPP COMPARISON 2018 22,031 20,513 4,379 3,034 2,969 2,398 1,868 1,202 972 550 543 514 464 396 379 329 313 308 300 257 191 163 107 97 76 66 57 44 34 21 European Union United StatesGerm any United Kingdom France Italy SpainPoland NetherlandsBelgiumSw edenRom aniaAustria Czech RepublicIrelandPortugalGreeceHungaryDenm arkFinland SlovakRepublicBulgariaCroatiaLithuaniaSlovenia Luxem bourg LatviaEstoniaCyprus M alta US GDP PPP is 5x of Germany, 7x of UK and France, 9x of Italy, and 11x of Spain. GDP PPP, current prices (billions of international dollars)
  • 12. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research US VS EU: GDP PPP PER CAPITA COMPARISON 1980-2018 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 1980 1985 1990 1995 2000 2005 2010 2015 EU US GDP PPP per capita, current prices (international dollars per capita) The GDP PPP per capita gap continues to increase.
  • 13. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research US VS EU: GDP PPP PER CAPITA COMPARISON 2018 109,199 77,670 62,518 56,571 52,897 52,719 52,225 51,841 48,179 46,559 45,643 45,601 44,587 43,120 40,371 39,472 39,302 37,423 36,826 35,099 34,829 33,553 32,023 31,647 31,561 29,488 29,112 26,216 26,176 23,207 Luxem bourgIreland United States NetherlandsGerm anySw edenAustriaDenm arkBelgiumFinland United Kingdom France M alta European Union Spain ItalyCyprus Czech RepublicSlovenia SlovakRepublicLithuaniaEstoniaPortugalPolandHungary LatviaGreeceCroatiaRom aniaBulgaria The US GDP PPP per capita is 1.4x of that of the EU and is more than the GDP PPP per capita of top-10 EU countries by GDP PPP. GDP PPP per capita, current prices (international dollars per capita)
  • 14. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research US VS EU: REAL GDP GROWTH COMPARISON 1980-2018 -6% -3% 0% 3% 6% 9% 1980 1985 1990 1995 2000 2005 2010 2015 EU US Real GDP growth (annual percentage change) Since 2008, the real GDP growth of the US and the EU has remained less than 3%.
  • 15. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research US VS EU: REAL GDP GROWTH COMPARISON 2018 5.7% 4.7% 4.5% 4.4% 4.0% 4.0% 4.0% 4.0% 3.9% 3.7% 3.7% 3.6% 3.5% 3.1% 2.9% 2.8% 2.8% 2.8% 2.7% 2.6% 2.4% 2.3% 2.2% 2.0% 2.0% 1.9% 1.6% 1.5% 1.4% 1.2% M altaIrelandSloveniaPoland Luxem bourgHungaryRom aniaCyprus SlovakRepublic LatviaEstoniaBulgariaLithuania Czech Republic United StatesAustria NetherlandsCroatia SpainFinlandSw edenPortugal European UnionGreeceDenm arkGerm anyFranceBelgium United Kingdom Italy The US real GDP growth is more than that of the EU top countries (by GDP), despite the fact that the US GDP is much higher. Usually, achieving more growth on higher numbers is difficult. Real GDP growth (annual percentage change)
  • 16. Data Source: IMF World Economic Outlook, October 2018 Data Analysis by: MGM Research US VS EU: GDP AND GDP PER CAPITA GROWTH SUMMARY -10,000 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 1970 1980 1990 2000 2010 2020 2030 GDP per capita, current prices (US dollars per capita) Size of Bubble represents GDP, current prices (Billion of US dollars) GDP up 7x. GDP per capita up 5x. GDP up 5x. GDP per capita up 4x. United States European Union