1. Introduction

2. GDP and Growth

3. Total Exports

4. Total Imports

Employment5. Employment

6. Foreign Direct Investment

7. Concluding Remarks

� Comparing the European Union economic activities

◦ Relative to the World

◦ Relative to the North American Free Trade Agreement

(NAFTA)

� Developed countries (USA, Canada)

Similar

Nominal

GDP for EU

and NAFTA

0

10000

20000

30000

40000

50000

60000

70000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009Nominal GDP in Billion USD

Real GDP in

EU lower

than of that

NAFTA0

10000

20000

30000

40000

50000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Real GDP in Billion USD

World NAFTA EU

� Reaching nominal GDP per capita in the EU to per capita in NAFTA in 2008.◦ Three times the

world per capita 0

5000

10000

15000

20000

25000

30000

35000

40000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Nominal GDP per capita

(USD)

� Real GDP per capita in the EU◦ 2/3 of the NAFTA

◦ 4 times of the world per capita

0

5000

10000

15000

20000

25000

30000

35000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Real GDP per capita (USD)

World NAFTA EU

� Increase of 7288 billions of USD in the EU nominal GDP since 1998◦ Bigger increase than NAFTA

� Bigger decrease in the recession of 2007-09 than NAFTA◦ Increase of World Nominal GDP in the recession

-10000 0 10000 20000 30000

98-09

98-07

07-09

Change of Nominal GDP

� Increase of 1579 billions of USD in the EU real GDP since 1998◦ Smaller increase than NAFTA

� Bigger decrease in the recession of 2007-09 than NAFTA◦ Small increase of World real GDP in the recession -2000 0 2000 4000 6000 8000 10000 12000

98-09

98-07

07-09

Change of Real GDP

EU NAFTA World

� Increase of 13981 USD in the EU nominal GDP per capita since 1998◦ Bigger increase than NAFTA and World

� Smaller decrease in the recession of 2007-09 than NAFTA◦ Increase of World Nominal GDP per capita in the recession

-5000 0 5000 10000 15000 20000

98-09

98-07

07-09

Change of nominal GDP per

capita

� Increase of 2611 of USD in the EU real GDP per capita since 1998◦ Smaller increase than NAFTA

◦ Bigger increase than World

� Smaller decrease in the recession of 2007-09 than NAFTA◦ Small Decrease of World Real GDP per capita in the recession

-2000 -1000 0 1000 2000 3000 4000 5000

98-09

98-07

07-09

Change of real GDP per capita

EU NAFTA World

� Lower growth rates of

EU than the world since

2001

� Higher growth rates of

EU than NAFTA in the

periods of 2000-01 and

2006-08

-6,00

-4,00

-2,00

0,00

2,00

4,00

6,00

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Annual growth rates

� Lower per capita growth

rates of EU than the

world since 2002

� Higher per capita growth

rates of EU than NAFTA

in the periods of 1999-

2002 and 2005-08-6,00

-4,00

-2,00

0,00

2,00

4,00

6,00

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Annual growth rates per capita

World NAFTA EU

-6,00

� Total exports of the

EU more than twice of

the NAFTA exports

0

5000

10000

15000

20000

25000

US dolars in billions

World

NAFTA

EU

� Increase of world total

exports since 1998◦ Bigger increase of EU exports

than NAFTA since 1998

� Decrease of world total

export in the recession

of 2007-09◦ Higher decrease of EU exports

than NAFTA in the recession -4000,00-2000,00 0,00 2000,004000,006000,008000,0010000,0012000,00

98-09

98-07

07-09Change of total exports

EU

NAFTA

World

� Total Imports of the EU

about twice of the NAFTA

imports

0

5000

10000

15000

20000

25000

Billions of US Dollars

World

NAFTA

EU

� Increase of world total

imports since 1998◦ Bigger increase of EU imports

than NAFTA since 1998

� Decrease of world total

imports in the recession of

2007-09◦ Higher decrease of EU

imports than NAFTA in the

recession-5000 0 5000 10000 15000

98-09

98-07

07-09

Change of total imports

EU

NAFTA

World

� Higher total employment of

the EU than NAFTA

◦ Dramatically fall of

employment relative to world

6,50%

7,00%

7,50%

8,00%

8,50%

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Employment perecentage of

the Wold

NAFTA

EU

� Higher employment in agricultural

sector of the EU than NAFTA

◦ Fall of agricultural employment

relative to world until 2006

◦ Dramatically increase of agricultural

employment relative to world in

2006-2007

◦ Same agricultural employment of

EU and NAFTA in 2010

0,00%

0,50%

1,00%

1,50%

2,00%

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Agricultural Employment

perecentage of the Wold

NAFTA

EU

� Higher FDI inflows in the EU

than in NAFTA

� Decrease of FDI inflows in EU

0

500

1000

1500

2000

2500

FDI inflow in bilions of USD -

current price

World

NAFTA

EU

� Decrease of FDI inflows in EU

relative to total FDI inflows of

world since 1998◦ Smaller decrease than NAFTA

� Increase of FDI inflows in EU

relative to total FDI inflows of

world until recession of 2007◦ Decrease of FDI inflows share in

NAFTA until recession 2007

� Higher decrease of FDI inflows in

the EU in the recession period of

2007-09 than in NAFTA-20 -15 -10 -5 0 5

98-09

98-07

07-09change of FDI inflow -

Percentage of world

EU

NAFTA

� Higher FDI outflows in the EU

than in NAFTA

0

500

1000

1500

2000

2500

FDI outflows in billions of

USD -current prices

World

NAFTA

EU

� Decrease of FDI outflows relative

to world in the EU since 1998◦ Increase of this share in NAFTA

� Decrease of FDI outflows relative

to world in the EU in the

recession period 2007-09◦ Increase of this share in NAFTA

-30 -20 -10 0 10

98-09

98-07

07-09Change of FDI outflows -

Percentage of total world

EU

NAFTA

� Similar trend of GDP in the EU and NAFTA

◦ Same Nominal GDP per capita in the EU and NAFTA in 2008

◦ Higher real GDP per capita in NAFTA than in EU

� Higher increase of total trade in the EU than in NAFTA

◦ Higher decrease of total trade in the EU than in NAFTA in the recession of 2007-2009

� Decrease of total employment relative to world in both EU and NAFTA

◦ Higher total employment in EU than NAFTA◦ Higher total employment in EU than NAFTA

◦ Increase of agricultural employment relative to world in 2006 and 2007

� Increase of FDI inflows share relative to world until 2007 in the EU

◦ Decrease of FDI inflows share relative to world in all times since 1998 in NAFTA

◦ Higher decrease of FDI inflows share relative to world in EU in recession period

� Decrease of FDI outflows share relative to world in all times since 1998 in

the EU

◦ Increase of FDI outflows share relative to world in NAFTA in recession period