THE EURO-ZONE AND THE WORLD.
Position | Demographic, economic statistics - Brief Article - Statistical Data Included |
In 2001, the euro-zone has a total population of 303 million, compared to 278 million in the United States and 127 million in Japan. Among the euro-zone population, 16.4% are less than 15 years old and will probably soon forget about the German marks, French francs and Italian lire ... The share of young people is higher in the US, with 21.1% of the population less than 15 years old, and slightly lower in Japan at 14.6%. On the other hand, 16.3% of euro-zone citizens are over 65 years old and have lived for most of their lives with the current national currencies. This share is more or less the same in Japan (17.5%) and lower in the US (12.6%).Euro-zone: a monetary union accounting for 16% of total world GDP.The euro-zone is one of the most important economic regions in the world: it accounts for around 16 % of total world GDP even if it comprises only 5 % of the total world population. With an annual GDP of 6 553 billion euro in 2000, the euro-zone economy compares with the US (10 709 billions of euro) and Japan (5 145 billions of euro).The euro-zone is one of the richest regions of the world with a GDP per head of 22 360 PPS in 2000. However, its GDP per head is lower than in the US (34 880 PPS) and Japan (25 030 PPS).The weight in the economy of each branch of production is relatively different in the euro-zone than in the US, even if services are in both cases the major economic activity. Industry plays a larger role in the euro-zone (23% of gross value added in 2000 compared to 17% in the US), as does public services (21% compared to 12%). On the other hand, financial services and business activities accounts for a smaller share (27% in the euro-zone compared to 41% in the US) and it is the same for trade, transport and communication services (21% compared to 24%).Even if household consumption plays a key role in the evolution of GDP in all zones, its contribution to growth is most important in the US. In 2000, private consumption expenditure represented 57.2% of GDP in the euro-zone, compared to 68.2% in the US and 56.0% in Japan. Investment accounted in the euro-zone for 21.5% of GDP...
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