In this presentation, we provide a comparison of the US and the EU on the following indicators: GDP, GDP per capita, GDP PPP, GDP PPP per capita, Real GDP Growth. For commentary and insights, please refer to the following article: https://mgmresearch.com/us-vs-eu-a-gdp-comparison/
The Triple Threat | Article on Global Resession | Harsh Kumar
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
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