Total growth rate (%) in real GDP per capita
(EU Member States)
Figure 1.1 shows the average annual real GDP per capita growth rates in the EU Member States between 2008 and 2017 and various sub-periods thereof. In 2017, all Member States demonstrated positive growth. Eleven Member States from central and eastern Europe and Malta experienced the strongest growth rates, between 4% and 6.8%. Southern Member States which received financial support during the crisis and Ireland, but also Slovakia, Finland and the Netherlands all grew at rates above the EU average in 2017, between 2.1% and 3.7%.
As seen in Figure 1.1, this recovery comes in the aftermath of a period of stagnating, if not receding, GDP per capita for most of the 2008-2017 period. Eight Member States – Greece, Cyprus, Italy, Finland, Croatia, Slovenia, Portugal and Spain – had negative average annual real GDP per capita growth rates between 2008 and 2016. In another seven countries – Luxembourg, Austria, Denmark, the Netherlands, France, Belgium and the UK – real GDP per capita stagnated, with annual average growth rates between 0% and 0.4%.