Anyone watching the news has come across articles and stories about inflation and prices going up and down. Eurostat news often cover price variations of many household staples in the EU, such as olive oil, pasta, meat, coffee and other breakfast foods. We also did a deep dive into inflation and how it is calculated in one of our Stats in a Wrap podcast episodes in 2022. Because these themes affect our daily lives, we will hold a webinar focused on consumer prices and inflation on 27 November, from 10.00 to 11.00 CET. The webinar will provide general insights into…
Author: Eurostat
In 2022, the EU produced €31 674 billion worth of goods and services, while imports from outside the EU (excluding intra-EU trade) were valued at €3 106 billion. Nearly half (48.7%) of these goods and services were used for intermediate consumption, meaning they were used to make other products. Another considerable share, 31.2%, was used for final consumption, typically by households or the government sector. Approximately a tenth of the supply (10.6%) was used for gross capital formation, mostly for investment, and the remaining 9.5% of the total supply for the EU was related to exports of products (valued at…
In 2023, the average annual full-time adjusted salary for employees in the EU was €37 900, reflecting a 6.5% increase from €35 600 in 2022. Source dataset: nama_10_fte Among the EU countries, the highest average annual full-time adjusted salary was recorded in Luxembourg (€81 100), followed by Denmark (€67 600) and Ireland (€58 700). In contrast, the lowest average annual full time adjusted salaries were recorded in Bulgaria (€13 500), Hungary (€16 900) and Greece (€17 000). Source link
The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of gross domestic product (GDP), stood at 40.0% in the EU in 2023, a decrease compared with 2022 (40.7%). In the euro area, the tax-to-GDP ratio also decreased from 41.4% in 2022 to 40.6% in 2023. In absolute terms, in 2023, revenue from taxes and social contributions increased by €308 billion in the EU compared with 2022, to stand at €6 883 billion. This information comes from data on taxation published by Eurostat today. This article presents some findings from the more detailed Statistics…
The general government financial accounts published by Eurostat cover transactions in financial assets and liabilities as well as the stock of financial assets and liabilities. Governments hold currency and deposit assets (stocks) such as money in bank accounts and cash reserves to make daily payments. In the second quarter of 2024, EU general governments’ currency and deposit assets amounted to €1 214 billion and represented 18% of EU general government total financial assets. This information comes from data on quarterly government finance published by Eurostat today. The article presents a handful of findings from the more detailed Statistics Explained article…
Since 2020, fuel and lubricant prices for personal transport in the EU have shown significant volatility. Annual inflation rates were negative in May 2020 (-19.5%) but started to increase steeply in 2021, reaching +33.4% in November that year. The peak arrived in June 2022 (+39.2%) and after that, it started to slow down, turning negative in 2023. These variations reflected the impact of the COVID-19 pandemic and the Russian invasion of Ukraine. In June 2023, the inflation rate for fuel and lubricants was at a low of -15.7%, but volatility has become less pronounced in recent months with smaller monthly…
In the second quarter of 2024, house prices in the EU increased by 1.9% and rents by 0.7% compared with the first quarter of 2024. Compared with the second quarter of 2023, house prices went up by 2.9%, while rents increased by 3.0%. This information comes from data on house prices and rents published by Eurostat today. This article presents findings from the more detailed Statistics Explained article on housing price statistics. House prices and rents in the EU followed a similar pattern between 2010 and the second quarter of 2011 but have since evolved differently. While rents have increased…
In 2023, 69% of EU citizens aged 16-74 have used a website or an app of a public authority in the preceding 12 months. The share varied greatly among EU countries, with highest shares recorded in Denmark (98%), Finland, the Netherlands and Sweden (all 95%). In contrast, the lowest shares were recorded in Romania (23%), Bulgaria (30%) and Germany (58%). Source dataset: isoc_ciegi_ac Looking at the different e-government activities in more detail reveals that, in 2023, 42% of people used e-government services in the previous 12 months to obtain information about services, benefits, laws, opening hours or similar. This was…
In July 2024, the consumer price of package holidays in the EU was 6.6% higher than in July 2023. The price of domestic holiday packages was up 11.1%, while international holiday packages saw a 5.7% increase. The price of package holidays has been rising across the EU since August 2021. The annual rate of increase exceeded 10% in most months throughout 2022 and 2023. In particular, domestic package holidays saw a price surge in 2023, with the annual inflation rate surpassing 20% for 7 months in that year. Source dataset: prc_hicp_manr In July 2024, most EU countries reported a positive…
In 2023, 59% of EU enterprises reached at least basic level of digital intensity. Of the small and medium-sized enterprises (SMEs), 58% reached at least basic level of digital intensity last year, while the share for large enterprises was 91%. ‘At least basic level of digital intensity’ – measured by the Digital Intensity Index (DII) – entails the use of at least 4 of 12 selected digital technologies, such as AI technology, social media, cloud computing, Customer Relationship Management (CRM) or having e-commerce sales accounting for at least 1% of total turnover. Source dataset: isoc_e_dii At least basic level…