Title: Economy of the European Union - Wikipedia
Headings: Economy of the European Union
Economy of the European Union
From Wikipedia, the free encyclopedia
Economy of the European Union
Contents
Currency
Budget
Sectors
Services
Agriculture
Tourism
Energy
Companies
Economies of member states
Wealth
EU member states by GDP (nominal) in billions of €
Labour market
Unemployment rate
Unemployment rate by country (base month is March of each year)
Economic freedom
Public finance
Trade
Main trading partners (2016)
Regional variation
NUTS-1 and NUTS-2 regions
See also
References
External links

Content: Euronext is the main stock exchange of the Eurozone and the world's sixth largest by market capitalisation. The European Union's largest trading partners are the United States, China, the United Kingdom, Switzerland, Russia, Turkey, Japan, Norway, South Korea, India, and Canada. Since the beginning of the public debt crisis in 2009, opposite economic situations have emerged between Southern Europe on one hand, and Central and Northern Europe on the other hand: a higher unemployment rate and public debt in the Mediterranean countries with the exception of Malta, and a lower unemployment rate with higher GDP growth rate in the Eastern and in Northern member countries. In 2018, public debt in the European Union was 80% of GDP, with disparities between the lowest rate, Estonia with 8.4%, and the highest, Greece with 181.1%. Contents
1 Currency
2 Budget
3 Sectors
3.1 Services
3.2 Agriculture
3.3 Tourism
3.4 Energy
4 Companies
5 Economies of member states
5.1 Wealth
5.2 Labour market
5.2.1 Unemployment rate
5.2.2 Economic freedom
5.3 Public finance
6 Trade
7 Regional variation
7.1 NUTS-1 and NUTS-2 regions
8 See also
9 References
10 External links
Currency
Main articles: Euro, Eurozone, and Single Euro Payments Area
The Eurozone or euro area (dark blue) represents 343 million people. The euro is the second-largest reserve currency in the world. Beginning in the year 1999 with some EU member states, now 19 out of 27 EU states use the euro as official currency in a currency union. The remaining 8 states continued to use their own currency with the possibility to join the euro later.