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Consider that Germany and France are ranked 1 and 3 in regard to GDP per capita and Slovakia and Slovenia are some of the poorest nations of Europe and therefore offer much less. In Euros, Germany has a 23-012 GDP per capita of 108.7%, France has 23-915 of 113.0%, Slovakia 10-857 of 51.3% and Slovenia 15-941 of 75.3%. The latter are both very close to the bottom of the pack. The following table also shows the disparities in the nations' economies as compared with the EU as a whole.
Member State GDP in billions of $ (USD) GDP
% of EU GDP per capita in $ (USD) Public Debt
% of GDP Deficit
% of GDP Inflation
% Annual Unemp.
Slovenia 43.3-0.4% 21-695 29.4-1.9-2.8-5.8 (Wikipedia)
The newer countries entering the EU do not have the same economic might as the original nations. In fact, they are basically poor. France and Germany may have high unemployment figures, but when compared with Slovakia and Slovenia and the overall national output, the larger nations can allow their economies to offer more to stimulate the EU. The average unemployment rate of the European Union is at 8.9% but only Slovenia is below that average. In addtion, Slovakia is riddled with debt so the fact that it sports a higher than sixteen percent unemployment rate means much more when compared to its potential for economic output.
Country
GNI (PPP) per capita
GDP (PPP) international dollars millions of international dollars
France
Germany
Slovenia
Slovakia
EU-25
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