Financial and social rankings of sovereign states in Europe

This page compares the sovereign states of Europe on economic, financial and social indicators.

Map of Europe according to the United Nations geoscheme for Europe

Definition of Europe

For the purposes of comparison the broader definition of Europe will be used. A sovereign state must meet at least one of the following criteria to be included:

• Be a recognised European state by the United Nations geoscheme for Europe
• Be a member state of the European Union
• Be a member state of the Eurozone
• Be a member state of the Council of Europe

Economic

Countries by GDP (nominal)

See also: List of sovereign states in Europe by GDP (nominal)

 

Volkswagen AG's headquarters in Wolfsburg is the base for Germany's largest company by revenue.

 

London is considered to be the leading financial capital in Europe.

 

European countries by share of total Europe's nominal GDP

Data provided is by the International Monetary Fund (2021)^[1]

Rank	Country	GDP (millions of US$)
1	Germany	4,200,000
2	France	3,100,000
3	United Kingdom	3,000,000
4	Italy	1,886,000
5	Russia	1,483,000
6	Spain	1,281,000
7	Netherlands	912,806
8	Switzerland	748,000
9	Turkey	720,100
11	Poland	594,200
12	Sweden	537,600
13	Belgium	515,300
14	Austria	429,000
15	Ireland	418,600
16	Norway	362,000
17	Denmark	355,200
18	Czech Republic	282,300
19	Finland	271,200
20	Romania	248,700
21	Portugal	231,300
22	Greece	189,400
23	Ukraine	155,600
24	Hungary	155,260
25	Slovakia	104,600
26	Luxembourg	73,260
27	Bulgaria	69,110
28	Belarus	60,260
29	Croatia	55,970
30	Lithuania	55,890
31	Serbia	52,960
32	Slovenia	52,880
33	Azerbaijan	42,610
34	Latvia	33,510
35	Estonia	31,030
36	Cyprus	23,800
37	Iceland	21,710
38	Bosnia and Herzegovina	19,790
39	Georgia	15,890
40	Albania	14,800
41	Malta	14,650
42	Armenia	12,650
43	North Macedonia	12,270
44	Moldova	11,910
45	Monaco	7,424
46	Liechtenstein	6,839
48	Montenegro	4,779
49	Andorra	3,155
50	San Marino	1,616

GDP growth rate

 

Azerbaijan is among the fastest growing economies in Europe, in part due to the country's growing energy sector.

 

The economy of Cyprus continues to struggle as a result of the ongoing Eurozone crisis and the resulting Cypriot financial crisis.

The real GDP growth rates provided are the 2015 estimates (unless otherwise indicated) as recorded in the CIA World Factbook.^[2]

Rank	Country	Real GDP growth rate (%)
1	Monaco	9.30 (2013 est.)
2	Ireland	7.80
3	Malta	5.40
4	Luxembourg	4.50
5	Czech Republic	4.20
6	Montenegro	4.10
7	Sweden	4.10
8	Iceland	4.00
9	Vatican City	3.80
10	Romania	3.70
11	North Macedonia	3.70
12	Slovakia	3.60
13	Poland	3.60
14	Spain	3.20
15	Armenia	3.00
16	Bulgaria	3.00
17	Slovenia	2.90
18	Hungary	2.90
19	Bosnia and Herzegovina	2.80
20	Georgia	2.80
21	Latvia	2.70
22	Albania	2.60
23	United Kingdom	2.20
24	Netherlands	1.90
25	Liechtenstein	1.80
26	Lithuania	1.60
27	Norway	1.60
28	Cyprus	1.60
29	Croatia	1.60
30	Germany	1.50
31	Portugal	1.50
32	Belgium	1.40
33	Denmark	1.20
34	France	1.10
35	Estonia	1.10
36	Azerbaijan	1.10
37	San Marino	1.00
38	Switzerland	0.90
39	Austria	0.90
40	Italy	0.80
41	Serbia	0.70
42	Finland	0.40
43	Greece	−0.20
44	Moldova	−1.10
45	Andorra	−1.60
46	Russia	−3.70
47	Belarus	−3.90
48	Ukraine	−9.90

GDP (nominal) per capita of sovereign states in Europe

Data provided is by the World Bank (2021). Data for Monaco and Liechtenstein is from 2020 and 2019 respectively.^[3]

 

Monaco is home to one of the world's wealthiest populations, and has the highest level of GDP per capita in Europe.

 

Like Monaco, the small size of Liechtenstein has led to it being among the highest ranked European states for GDP per capita.

 

Luxembourg is home to an established financial sector as well as one of Europe's richest populations.

 

Despite having the highest GDP growth rate in Europe, Moldova is among its poorest states, and also has Europe's smallest GDP per capita.

Rank in Europe	Country	US$
1	Monaco	173,688
2	Liechtenstein	169,049
3	Luxembourg	135,683
4	Ireland	99,152
5	Switzerland	93,457
6	Norway	89,203
7	Iceland	68,384
8	Denmark	67,803
9	Sweden	60,239
10	Netherlands	58,061
11	Finland	53,983
12	Austria	53,268
13	Belgium	51,768
14	Germany	50,802
15	United Kingdom	47,334
16	San Marino	45,516
17	France	43,519
18	Andorra	43,048
19	Italy	35,551
20	Malta	33,257
21	Cyprus	30,799
22	Spain	30,116
23	Slovenia	29,201
24	Estonia	27,281
25	Czech Republic	26,379
26	Portugal	24,262
27	Lithuania	23,433
28	Slovakia	21,088
29	Latvia	20,642
30	Greece	20,277
31	Hungary	18,773
32	Poland	17,841
33	Croatia	17,399
34	Romania	14,862
—	World	12,263
35	Russia	12,173
36	Bulgaria	11,635
37	Turkey	9,587
38	Montenegro	9,367
39	Serbia	9,215
40	Belarus	7,304
41	Bosnia and Herzegovina	6,916
42	North Macedonia	6,721
43	Albania	6,494
44	Moldova	5,315
45	Kosovo	4,987
46	Ukraine	4,836

GDP purchasing power parity (PPP)

 

Madrid is the financial capital of Spain, and one of the most important financial centres in Europe.

Data provided is by the International Monetary Fund (2018)^[4]

Rank	Country	GDP (billions of US$)
1	Germany	4,342.9
2	Russia	4,227.4
3	France	3,040.4
4	United Kingdom	3,038.8
5	Italy	2,399.7
6	Spain	1,865.9
7	Poland	1,215.4
8	Switzerland	551.5
9	Belgium	550.8
10	Sweden	548.8
11	Romania	516.3
13	Austria	463.5
14	Czech Republic	396.1
15	Norway	395.8
16	Ukraine	390.4
17	Ireland	389.0
18	Portugal	333.1
19	Greece	312.2
20	Hungary	312.0
21	Denmark	302.2
22	Finland	256.8
23	Slovakia	191.2
24	Belarus	189.2
25	Azerbaijan	179.1
26	Bulgaria	162.1
27	Serbia	122.7
28	Croatia	107.3
29	Lithuania	97.0
30	Slovenia	75.9
31	Luxembourg	64.0
32	Latvia	57.8
33	Bosnia and Herzegovina	52.4
34	Estonia	45.4
35	Georgia	42.6
36	Albania	38.3
37	North Macedonia	32.6
38	Cyprus	34.5
39	Armenia	30.5
40	Moldova	25.8
41	Malta	21.4
42	Iceland	19.4
43	Montenegro	11.9
44	Monaco	5.74 (2011 est.)^[n 1]
45	Liechtenstein	3.20 (2009 est.)^[n 1]
46	Andorra	3.16 (2012 est.)^[n 1]
47	San Marino	2.01

Net national wealth

See also: List of countries by total wealth

European countries by total wealth

List by Credit Suisse (2018)^[5]

Rank	Country	Total wealth (billions USD)
	Europe	85,402
	European Union	77,821
1	Germany	14,499
2	France	14,449
3	United Kingdom	14,209
4	Italy	10,569
5	Spain	7,152
6	Switzerland	3,611
7	Netherlands	3,357
8	Belgium	2,776
9	Russia	2,240
10	Sweden	1,920
11	Austria	1,637
12	Denmark	1,276
13	Norway	1,181
14	Greece	975
15	Poland	974
16	Portugal	916
17	Ireland	806
18	Finland	697
19	Czech Republic	524
20	Romania	317
21	Hungary	294
22	Luxembourg	188
23	Slovakia	151
24	Bulgaria	138
25	Iceland	138
26	Slovenia	133
27	Croatia	120
28	Cyprus	91
29	Serbia	73
30	Estonia	60
31	Lithuania	57
32	Ukraine	55
33	Latvia	53
34	Malta	49
35	Bosnia and Herzegovina	40
36	Albania	37
37	North Macedonia	20
38	Montenegro	12
39	Belarus	11

Financial

Current account balance

The current account balance values provided are the 2013 figures (unless otherwise indicated) as recorded in the CIA World Factbook.^[6] Figures for Andorra, Liechtenstein, Monaco and San Marino are unavailable.

Rank	Country	Current account balance (US$)
1	Germany	257,100,000,000
2	Russia	74,800,000,000 (2012 est.)
3	Norway	67,400,000,000
4	Netherlands	65,870,000,000
5	Switzerland	65,600,000,000
6	Sweden	39,000,000,000
7	Denmark	19,600,000,000
8	Azerbaijan	13,280,000,000
9	Austria	10,600,000,000
10	Ireland	7,300,000,000
11	Slovakia	3,315,000,000
12	Slovenia	2,954,000,000
13	Luxembourg	2,700,000,000
14	Spain	2,100,000,000
15	Greece	2,021,000,000
16	Hungary	1,722,000,000
17	Portugal	1,000,000,000
18	Malta	133,100,000
19	Iceland	−100,000,000
20	Croatia	−102,300,000
21	Bulgaria	−182,300,000
22	North Macedonia	−194,100,000
23	Estonia	−352,300,000
24	Cyprus	−358,200,000
25	Moldova	−507,700,000
26	Lithuania	−567,000,000
27	Latvia	−613,900,000
28	Armenia	−720,600,000
29	Bosnia and Herzegovina	−939,500,000
30	Albania	−1,280,000,000
31	Georgia	−1,375,000,000
32	Serbia	−1,807,000,000
33	Montenegro	−1,938,000,000 (2012 est.)
34	Romania	−1,986,000,000
35	Finland	−2,000,000,000
36	Italy	−2,400,000,000
37	Czech Republic	−3,270,000,000
38	Belarus	−4,245,000,000
39	Belgium	−9,100,000,000
40	Poland	−11,060,000,000
41	Ukraine	−11,920,000,000
42	France	−58,970,000,000
43	United Kingdom	-93,600,000,000

Public debt

The public debt values provided are the 2013 figures (unless otherwise indicated) as recorded in the CIA World Factbook.^[7] Figures for Liechtenstein and Monaco are unavailable.

Rank	Country	Public debt (% of GDP)
1	Greece	175.00
2	Italy	133.00
3	Iceland	130.50
4	Portugal	127.80
5	Cyprus	113.10
6	Belgium	102.40
7	Spain	93.70
8	France	93.40
9	United Kingdom	91.10
10	Germany	79.90
11	Hungary	79.80
12	Austria	75.70
13	Malta	75.30
14	Netherlands	74.30
15	Slovenia	71.70
16	Albania	70.50
17	Croatia	66.20
18	Ireland	64.80 (2019)
19	Serbia	61.20
20	Finland	56.50
21	Slovakia	55.50
22	Montenegro	52.10 (2012 est.)
23	Czech Republic	48.80
24	Poland	48.20
25	Denmark	47.00
26	Bosnia and Herzegovina	45.90
27	Sweden	41.50
28	Andorra	41.10 (2012)
29	Ukraine	40.60
30	Lithuania	40.20
31	Latvia	39.20
32	Romania	38.60
33	Armenia	37.70
34	Liechtenstein	36.60
35	Georgia	36.30 (2012 est.)
36	North Macedonia	34.30
37	Switzerland	33.80
38	Belarus	31.50
39	Norway	30.10
40	San Marino	25.80
41	Luxembourg	22.90
42	Bulgaria	18.40
43	Moldova	16.60
44	Russia	7.90
45	Azerbaijan	7.50
46	Estonia	6.00

Unemployment rate

The unemployment rate values provided are the most recent figures provided by varying sources, namely data released by governments.

Rank	Country	Unemployment rate (%)
1	Monaco	0.1 (2013)^[n 2]
2	Belarus	0.5 (2020)
3	Czech Republic	2.7 (2020)
4	Poland	3.2 (2020)
5	Malta	4.1 (2020)
6	Bulgaria	4.4 (2020)
7	Germany	4.4 (2020)
8	Netherlands	4.5 (2020)^[n 3]
9	Slovenia	4.7 (2020)
10	Hungary	4.9 (2020)
11	Ireland	5 (2020)
12	Austria	5.2 (2020)
13	Romania	5.4 (2020)
14	Belgium	5.5 (2020)
15	Denmark	6 (2020)
16	Slovakia	6.8 (2020)
17	France	6.9 (2020)
18	Cyprus	6.9 (2020)
19	Luxembourg	7.3 (2020)
20	Finland	7.8 (2020)
21	Estonia	8 (2020)
22	Portugal	8.1 (2020)
23	Croatia	8.6 (2020)
24	Latvia	9 (2020)
25	Lithuania	9 (2020)
26	Sweden	9.4 (2020)
27	Italy	9.7 (2020)
28	Spain	15.8 (2020)
29	Greece	18.3 (2020)

Average wage

See also: List of European countries by average wage

The average wage values provided are 2018 figures (unless otherwise stated) as recorded by varying sources, namely releases by respective Governments. The values are for monthly average wage (annual wage divided by 12 months) for net income (after taxes) in Euro currency.

Rank	Country	Net wage (Euro €)
1	Liechtenstein	4,887
2	Switzerland	4,502
3	Monaco	4,300
4	Iceland	3,568
5	Luxembourg	3,416
6	Norway	3,395
7	Denmark	3,270
8	France	2,634
9	United Kingdom	2,583
10	Ireland	2,525
11	Finland	2,509
12	Sweden	2,458
13	Germany	2,409
14	San Marino	2,390
15	Austria	2,324
16	Andorra	2,230
17	Netherlands	2,152
18	Belgium	1,920
19	Italy	1,758
20	Spain	1,749
21	Cyprus	1,658
22	Estonia	1,105
23	Slovenia	1,083
24	Malta	1,021
25	Czechia	932
26	Portugal	925
27	Greece	890
28	Slovakia	862
29	Poland	793
30	Latvia	755
31	Lithuania	722
32	Hungary	701
33	Romania	589
34	Bulgaria	583
35	Serbia	565
36	Montenegro	512
37	Bosnia and Herzegovina	510
38	North Macedonia	473
39	Russia	454
40	Albania	393
41	Belarus	348
42	Moldova	242
43	Ukraine	228

Minimum wage

See also: List of European countries by minimum wage

The minimum wage figures provided are the 2018 figures by The Federation of International Employers. Currency conversions from non-Euro currencies being based on the exchange rates of 2018.^[8]

Rank	Country	Monthly minimum (euro)
1	Luxembourg	2,049
2	San Marino	1,832
3	Austria	1,750 (2020)
4	Monaco	1,732
5	Netherlands	1,578
6	Belgium	1,563
7	Ireland	1,563
8	Germany	1,498
9	France	1,458
10	United Kingdom	1,413
11	Spain	1,050
12	Andorra	991
13	Slovenia	886
14	Malta	761
15	Portugal	700
16	Greece	683
17	Lithuania	555
18	Estonia	540
19	Poland	524
20	Slovakia	480
21	Czechia	477
22	Croatia	462
23	Hungary	445
24	Latvia	430
25	Romania	407
26	Albania	300
27	Serbia	276
28	Bulgaria	260
29	North Macedonia	239
30	Bosnia and Herzegovina	207
31	Montenegro	193
32	Russia	139
33	Ukraine	128
34	Belarus	125
35	Moldova	124

Social

Human Development Index

The Human Development Index values provided are the 2018 estimates for 2017, as included in the United Nations Development Programme's Human Development Report.^[9]

Rank	Country	HDI	Change
1	Norway	0.953	0.002
2	Switzerland	0.944	0.001
3	Ireland	0.938	0.004
4	Germany	0.936	0.002
5	Iceland	0.935	0.002
6	Sweden	0.933	0.001
7	Netherlands	0.931	0.003
8	Denmark	0.929	0.001
9	United Kingdom	0.922	0.002
10	Finland	0.920	0.002
11	Belgium	0.916	0.001
12	Liechtenstein	0.916	0.001
13	Austria	0.908	0.002
14	Luxembourg	0.904	0.001
15	France	0.901	0.002
16	Slovenia	0.896	0.002
17	Spain	0.891	0.002
18	Czech Republic	0.888	0.003
19	Italy	0.880	0.002
20	Malta	0.878	0.003
21	Estonia	0.871	0.003
22	Greece	0.870	0.002
23	Cyprus	0.869	0.002
24	Poland	0.865	0.005
25	Andorra	0.858	0.002
26	Lithuania	0.858	0.003
27	Slovakia	0.855	0.002
28	Latvia	0.847	0.003
29	Portugal	0.847	0.002
30	Hungary	0.838	0.003
31	Croatia	0.831	0.003
32	Russia	0.816	0.001
33	Montenegro	0.814	0.004
34	Bulgaria	0.813	0.003
35	Romania	0.811	0.004
36	Belarus	0.808	0.003
37	Turkey	0.806	0.004
38	Serbia	0.787	0.002
39	Albania	0.785	0.003
40	Bosnia and Herzegovina	0.780	0.002
41	Georgia	0.780	0.004
42	Azerbaijan	0.757
43	North Macedonia	0.757	0.001
44	Armenia	0.755	0.006
45	Ukraine	0.752	0.005
46	Moldova	0.700	0.003

Percentage living below poverty line

The percentage figures for citizens living below the poverty line are provided by either the CIA World Factbook (2007) or the World Bank (2012) ^[10][11][12] There is no data available for eleven European states.

Rank	Country	Percentage	Year
1	Lithuania	4.0	2008
2	Norway	4.3	2007
3	Ireland	5.5	2009
4	Latvia	5.9	2004
5	Austria	6.0	2008
5	Azerbaijan	6.0	2012
7	France	6.2	2004
8	Switzerland	6.9	2010
9	Belarus	7.3	2011
10	Poland	7.6	2008
11	Ukraine	7.8	2011
12	Czech Republic	8.6	2012
13	Serbia	9.1	2013
14	Netherlands	10.5	2005
15	Montenegro	11.3	2012
16	Slovenia	12.3	2008
17	Russia	12.7	2011
18	Slovakia	13.2	2011
19	Denmark	13.4	2011
20	Hungary	13.9	2010
21	United Kingdom	14.0	2006
37	Albania	22.2	2023
22	Belgium	15.2	2007
23	Germany	15.5	2010
24	Moldova	16.6	2012
25	Turkey	16.9	2010
26	Estonia	17.5	2010
27	Georgia	17.7	2011
28	Bosnia and Herzegovina	17.9	2011
29	Croatia	18.0	2009
30	Portugal	18.0	2006
31	Spain	19.8	2005
32	Greece	20.0	2009
33	Bulgaria	20.7	2009
34	North Macedonia	21.1	2010
35	Romania	22.2	2011
36	Armenia	34.1	2009

Social Progress Index

The Social Progress Index figures are provided by the nonprofit Social Progress Imperative and represent 2014. Eight European states are not represented as data is not available.^[13]

Rank	Country	Social Progress Index
1