EUROPEAN UNION

Fact sheets are updated biannually; June and December

General information
Capital:
Land area:
Population:
Currency:
Members:

Brussels
President of the European Commission
Mr Jean-Claude Juncker
4,236,562 sq km
President of the European Council
507.6 million (2015)
Mr Donald Tusk
Euro
Austria*, Belgium*, Bulgaria, Croatia, Cyprus*, Czech Republic, Denmark, Estonia*, Finland*, France*, Germany*, Greece*,
Hungary, Ireland*, Italy*, Latvia*, Lithuania*, Luxembourg*, Malta*, Netherlands*, Poland, Portugal*, Romania, Slovak
Republic*, Slovenia*, Spain*, Sweden, United Kingdom (* denotes Eurozone).

Economic indicators (a)

GDP (US$b) (current prices)
GDP per capita (US$)
GDP PPP (Int'l $b)
GDP per capita PPP (Int'l $)
Real GDP growth (% change yoy)
Current account balance (US$b)
Current account balance (% GDP)
Inflation (% change yoy)
Unemployment (% labour force)

2011

2012

2013

2014

2015

2016

18,350.8
36,589.9
17,518.0
34,929.6
1.7
74.1
0.4
3.1
9.6

17,288.7
34,403.0
17,767.5
35,355.7
-0.4
202.1
1.2
2.6
10.4

18,011.9
35,765.0
18,101.6
35,943.0
0.3
299.5
1.7
1.5
10.8

18,580.0
36,737.9
18,718.9
37,012.5
1.6
302.4
1.6
0.5
10.2

16,300.5
32,112.3
19,343.6
38,107.4
2.3
344.3
2.1
0.0
9.3

16,518.7
32,430.6
19,973.0
39,212.5
1.9
364.7
2.2
0.3
na

Australia's trade and investment relationship with European Union (b)

Australian merchandise trade with European Union, 2015-16 (A$m)
Exports to European Union
16,236
Imports from European Union
48,937
Total merchandise trade (exports + imports)
65,173
Major Australian exports, 2015-16 (A$m)
Gold
Coal
Oil-seeds & oleaginous fruits, soft
Alcoholic beverages

4,005
2,283
978
591

Australia's trade in services with European Union, 2015-16 (A$m)

Exports of services to European Union
10,447
Imports of services from European Union
19,954
Major Australian services exports, 2015-16 (A$m)
Personal travel excluding education
Professional, technical & other business

4,034
1,478

Totals share
6.7%
18.0%
12.6%

Rank
..
..
..

Major Australian imports, 2015-16 (A$m)

Passenger motor vehicles
Medicaments (incl veterinary)
Pharm products (excl medicaments)
Measuring & analysing instruments
Total share
15.3%
25.7%

Rank
..
..

Major Australian services imports, 2015-16 (A$m)

Personal travel excluding education
Transport

Australia's investment relationship with European Union, 2015 (A$m)

Australia's investment in European Union
European Union's investment in Australia

Total
589,467
990,857

Growth (yoy)
30.1%
10.3%
14.6%

6,916
4,880
2,064
1,047
Growth (yoy)
3.1%
7.6%
7,482
4,082

FDI
111,789
157,627

European Union's global merchandise trade relationships

European Union's principal export destinations, 2015
1 United States
2 China
3 Switzerland

16 Australia

20.6%
9.4%
8.4%

1.7%

European Union's principal import sources, 2015

1 China
2 United States
3 Russian Federation

32 Australia

20.3%
14.2%
7.0%

0.5%

Compiled by the Economic Diplomacy, Trade Advocacy & Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources.

(a) Economic indicators data is from the IMF WEO where available, the EIU or other reputable source. Data may include forecasts or projections for recent years. GNI may be shown in lieu of GDP for countries where GDP data is unavailable.
(b) Merchandise trade data is based on published and unpublished ABS data. May exclude confidential items of trade. Totals may not add up due to rounding. Investment data is stocks as at end December.
All data may be subject to future revisions.
GDP - Gross Domestic Product PPP - Purchasing power parity GNI - Gross National Income na - Data is not available np - Data is not published .. - Data is not meaningful Primary - Primary goods STM - Simply transformed manufactures
ETM - Elaborately transformed manufactures Other - Other goods including non-monetary gold f.c.f. - Fresh, chilled or frozen nes - Not elsewhere specified