List Of European Union Member States By GDP Growth
This is a list of estimates of the real gross domestic product growth rate (not rebased GDP) in the 27 European Union member states for the latest years recorded in the CIA World Factbook. Although some countries have dependent territories (both within and outside Europe) that are considered part of the EU, they have been omitted given their small sizes relative to the wider economic union. List See also * GDP References {{DEFAULTSORT:European Union member states by GDP growth European Union GDP growth GDP growth GDP growth Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of ...

Real Gross Domestic Product
Real gross domestic product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes (i.e. inflation or deflation). This adjustment transforms the money-value measure, nominal GDP, into an index for quantity of total output. Although GDP is total output, it is primarily useful because it closely approximates the total spending: the sum of consumer spending, investment made by industry, excess of exports over imports, and government spending. Due to inflation, GDP increases and does not actually reflect the true growth in an economy. That is why the GDP must be divided by the inflation rate (raised to the power of units of time in which the rate is measured) to get the growth of the real GDP. Different organizations use different types of 'Real GDP' measures, for example, the UNCTAD uses 2005 Constant prices and exchange rates while the FRED uses 2009 constant prices and exchange rates, and recently the World Bank switched from 2005 to 2010 ...
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