Saving lives and supporting livelihoods in these times of acute crisis is paramount. The Commission is acting on its conviction that the only effective solution to the crisis in Europe is one based on cooperation, flexibility and, above all, solidarity. With a new solidarity instrument, we will mobilise €100 billion to keep people in jobs and businesses running. With this, we are joining forces with Member States to save lives and protect livelihoods. This is European solidarity.” 

Ursula Von Der Leyen

 

 

Photo EPA-EFE/MOHAMMED SABER

Latest EU Covid19 Data

  • Annual inflation down to 0.3% in the euro area

    In April 2020, a month marked by COVID-19 containment measures in all countries, the euro area annual inflation rate was 0.3%, down from 0.7% in March. A year earlier, the rate was 1.7%. European Union annual inflation was 0.7% in April 2020, down from 1.2% in March. A year earlier, the rate was 1.9%. These figures are published by Eurostat, the statistical office of the European Union.

  • China, US and EU are the largest economies in the world

    In 2017, the Gross Domestic Product (GDP) of the European Union with 27 Member States (EU) represented 16.0% of world GDP, expressed in Purchasing Power Standards (PPS). China and the United States were the two largest economies, with shares of 16.4% and 16.3% respectively. Other countries (outside the EU) with a share larger than 1% are shown in the visual below.

  • Production in construction down by 14.1% in euro area

    In March 2020, the COVID-19 containment measures widely introduced by Member States had a significant impact on production in construction, as the seasonally adjusted production in the construction sector decreased by 14.1% in the euro area and by 12.0% in the EU, compared with February 2020, according to first estimates from Eurostat, the statistical office of the European Union. In February 2020, production in construction fell by 0.5% in the euro area and by 0.2% in the EU.

  • GDP down by 3.8% and employment down by 0.2% in the euro area

    GDP growth in the euro area and EU: Seasonally adjusted GDP decreased by 3.8% in the euro area and by 3.3% in the EU during the first quarter of 2020, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. These were the sharpest declines observed since time series started in 1995. In March 2020, the final month of the period covered, COVID-19 containment measures began to be widely introduced by Member States. In the fourth quarter of 2019, GDP had grown by 0.1% in the euro area and by 0.2% in the EU.

  • Euro area international trade in goods surplus €28.2 bn

    Euro area: In March 2020, the COVID-19 containment measures widely introduced by the Member States had a significant impact on international trade in goods. The first estimate for euro area (EA19) exports of goods to the rest of the world in March 2020 was €193.3 billion, a decrease of 6.2% compared with March 2019 (€206.1 bn). Imports from the rest of the world stood at €165.0 bn, a fall of 10.1% compared with March 2019 (€183.5 bn). As a result, the euro area recorded a €28.2 bn surplus in trade in goods with the rest of the world in March 2020, compared with +€22.7 bn in March 2019. Intra-euro area trade fell to €153.3 bn in March 2020, down by 12.1% compared with March 2019.

  • Industrial production down by 11.3% in euro area

    In March 2020, the COVID-19 containment measures widely introduced by Member States had a significant impact on industrial production, as the seasonally adjusted industrial production fell by 11.3% in the euro area and by 10.4% in the EU, compared with February 2020, according to estimates from Eurostat, the statistical office of the European Union. In February 2020, industrial production fell by 0.1% in the euro area and remained stable in the EU.