Written by Györgyi Mácsai, Members’ Research Service (EPRS) with Raffaele Ventura, GlobalStat, EUI.
This infographic provides insight into the economic performance of the United States (US) compared with the European Union (EU) and examines the trade dynamics between them. In 2023, both the employment rate and GDP per capita continue to increase in the US and the EU. Foreign direct investment (FDI) and remittances remained relatively low and stable between 2007 and 2023, accounting for only a small share of the US gross domestic product, while the EU’s FDI has fluctuated. The EU’s trade with the US has generally increased, experiencing a sharp rise following the 2020 global economic slowdown, but it stabilised and slightly decreased in 2023.
Read this ‘infographic’ on ‘US: Economic indicators and trade with EU‘ in the Think Tank pages of the European Parliament.