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Unit 4 Macro: Data Charts on the Euro Economy
21st January 2013
I am teaching aspects of the European single currency this week, naturally there are many charts that tell important stories about the macro challenges facing countries inside the euro area. I have made a file of charts available for download and I hope this might be of help to teachers covering the Euro for Unit 4 macro. See the link below:
Euro Area Macro Situation
|
Indicator |
2008 |
2009 |
2010 |
2011 |
2012 |
|
This data covers all seventeen nations inside the Euro Area Individual macro indicators for each country will be different |
|||||
|
Real GDP (% change) |
0.3 |
-4.3 |
1.9 |
1.5 |
-0.4 |
|
Consumer spending (% change) |
0.4 |
-0.9 |
0.9 |
0.1 |
-1.0 |
|
Capital investment (% change) |
-1.6 |
-12.7 |
-0.3 |
1.6 |
-3.6 |
|
Output gap (percentage of potential GDP) |
1.9 |
-3.6 |
-2.7 |
-2.2 |
-3.7 |
|
Unemployment rate (percentage of labour force) |
7.4 |
9.4 |
9.9 |
10.0 |
11.1 |
|
Fiscal Balance (percentage of GDP) |
-2.1 |
-6.3 |
-6.2 |
-4.1 |
-3.3 |
|
Short-term interest rate (per cent per annum) |
4.6 |
1.2 |
0.8 |
1.4 |
0.6 |
|
Consumer price inflation (per cent) |
3.3 |
0.3 |
1.6 |
2.7 |
2.4 |
|
Source: OECD World Economic Outlook, accessed December 2012 |
File: European_Monetary_Union.docx (word file, 370kb)
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Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.