The most common form of contingent liabilities in the EU countries is government guarantees on liabilities, and occasionally on assets of third parties. In 2020 and 2021, government guarantees, provided in the EU, increased substantially following the onset of the COVID-19 pandemic. In 2022, the level of government guarantees was further influenced by the energy crisis following Russia’s war of aggression against Ukraine. In 2023, there was a decrease of guarantees in most of the EU countries. In 2023, the highest overall rate of government guarantees was recorded in the Netherlands (30.4% of GDP), Finland (17.9%), Italy (15.3%), Germany (14.6%)…
Author: Eurostat
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In 2022, EU exports of spacecraft and space transport services totalled €1 340 million after experiencing a 36% drop compared with 2021 (€2 108 million). In 2022, 84% of all exports, or €1 129 million, went to countries outside the EU. The EU exports peaked in 2012, at €3 273 million, and declined until they fell to €1 913 million in 2016. A sharp recovery occurred in 2017, with exports rising to €2 961 million, before significant drops occurred, notably in 2020, when exports fell to €1 562 million due to the impact of the COVID-19 pandemic. Source dataset: data…
In 2024, 13.5% of enterprises in the EU with 10 or more employees used artificial intelligence (AI) technologies to conduct their business, indicating a 5.5 percentage points (pp) growth from 8.0% in 2023. The highest shares of these enterprises were in Denmark (27.6%), Sweden (25.1%) and Belgium (24.7%). At the other end were Romania (3.1%), Poland (5.9%) and Bulgaria (6.5%). All EU countries recorded increases in the share of enterprises using AI technologies compared with 2023, with Sweden experiencing the highest increase of 14.7 pp, followed by Denmark (+12.4 pp) and Belgium (+10.9 pp). By contrast, modest increases were recorded…
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. ‘Other accounts receivable’ are assets representing the timing difference between the recording of most transactions in the non-financial accounts and the corresponding payment. This asset category is recorded in the financial accounts, for example, when governments make advances on future expenditure or accrue revenue while the corresponding payment occurs at a later stage. In the third quarter of 2024, net transactions in other accounts receivable amounted to -€26 billion in the EU, compared to -€8…
On 16 and 17 January 2025, the high-level ‘Closing data gaps on climate change’ conference of the European Statistical Forum (ESF) was held in Brussels. At the event, the European Statistical System and the European System of Central Banks discussed ways to enrich their statistics related to climate change and its impact on the economy and society. The participants included the Directors-General of Eurostat and national statistical institutes, Directors of Statistics of the European Central Bank and national central banks, and international experts on climate change. The conference was addressed by Mr Valdis Dombrovskis, the Commissioner for Economy and Productivity,…
Today, Eurostat released the European Statistical Monitor, a dashboard with short-term indicators covering different areas, such as economy, environment, business, health and work. This monthly updated dashboard is designed to track developments within the EU as a whole and its members, as well as the EFTA countries, providing a holistic overview of key developments. It focuses on monthly and quarterly indicators, ensuring up-to-date insights and includes a commentary, focusing on recent changes and trends. The EU economy stabilizes, with steady expansion in the services sector and persistently low unemployment, while inflation and house prices continue rising According to the latest…
In the third quarter of 2024, house prices in the EU went up by 3.8%, while rents increased by 3.2% compared with the third quarter of 2023. Compared with the second quarter of 2024, house prices increased by 1.4% and rents by 0.9%. This information comes from data on house prices and rents published by Eurostat today. This article presents the main findings from the more detailed Statistics Explained article on housing price statistics. House prices and rents in the EU followed a similar behaviour between 2010 and the second quarter of 2011 but have since evolved differently. While rents…
In 2023, 58.1% of people aged 16-74 in the EU reported that they had bought or ordered goods or services over the internet in the 3 months preceding the survey. The share was higher than the EU average (58.1%) for every region (at level 2 of the nomenclature of territorial units for statistics (NUTS 2)) of Czechia, Denmark, Ireland, France (except the outermost regions), the Netherlands, Slovakia, Finland, Sweden, Estonia, Luxembourg and Malta. By contrast, the share of the population making use of e-commerce was below the EU average for every region of Bulgaria, Greece, Italy, Lithuania, Portugal, Romania, Slovenia,…
In 2022, the production of spacecraft and their launch vehicles in the EU totalled €5 600 million. This represented a 24% increase from €4 500 million in 2010. The EU production peaked in 2016, with €6 240 million, and remained high until 2019 (€6 000 million each year between 2017 and 2019), driven by sustained European public investment in space (both from the EU and the European Space Agency). However, the outbreak of COVID-19 led to a significant decline in production, which fell to €4 000 million in 2021, the lowest level since 2010. Therefore, the 2022 figure signals a…
Eurostat published today the indicators of the macroeconomic imbalance procedure (MIP) scoreboard. The MIP scoreboard consists of 13 indicators relevant for the early detection of existing or emerging macroeconomic imbalances at EU member level. It provides statistical support to the annual alert mechanism report released by the European Commission at the start of the European Semester. The alert mechanism report identifies EU countries for which in-depth analyses are required, based on an economic reading of the scoreboard indicators, complemented by other auxiliary indicators. In 2024, in line with the MIP Regulation 1176/2011, the set of MIP indicators was reviewed. The…