EU Pretend Economy

The EU was formed to become the “European Government” in 1993 as part of a world-wide global government fronted by the UN and run by a central communist committee of Marxist, criminal, international oligarchs. The EU is a creature of the UN designed to slide in place under the UN Global Government to comply with UN Agenda 21, justified by the global warming hoax.

Lets pretend that the EU is the United States of Europe rather than an unnecessary, gangrus layer of government expense. If you aggregate the economic data from the 28 EU member countries, you get a look at these semi-sovereign countries as one entity.

EU aggregated nominal GDP for 2019 for 28 countries is $19.1 trillion. One Euro = $1.15 USD. Trade organizations include the WTO, G20 and G7. 

The EU started as a trade organization in the 1950s and stealthily morphed into a United States of Europe that collects taxes from member countries and imposes laws on them. EU annual revenue is $8.58 trillion (44.9% of aggregate GDP).

The EU government was responsible for establishing the Euro, imposing climate regulations, open borders and the Muslim welfare migrant invasion. Now EU member countries want their own borders back along with their sovereignty.

The population of the EU member countries totaled 512.6 million in 2018. The EU Labor Force was 238 million with 21 million unemployed. Labor Force Participation is 46%. Labor force by occupation is agriculture 5%, industry 21.9%, services 73.1%. Average gross salary is $40,000 Average net salary is $27,000.

Nominal Per Capita GDP was $38,370 in 2018. Inflation is 1.5%, unemployment is 6.7%, Poverty is 10%.

GDP by sector is agriculture 1.5%, industry 24.5%, services 70.7%. 

Main industries include mining metal ore, petroleum, coal, manufacturing cement, chemicals, pharmaceuticals, aerospace, railway, electrical, telecommunications, industrial construction equipment, metal products, automobiles, machine tools, electronics, fishing, food, furniture, paper and textiles.

Exports are $1.9 trillion in machinery, motor vehicles, pharmaceuticals, chemicals, fuels, aircraft, plastics, iron, steel, wood pulp, paper products, alcoholic beverages and furniture to the US 20.7%, China 9.6%, Switzerland 8.1%, Turkey 4.4%, Russia 4.1%.

Imports are $1.7 trillion in fuels, crude oil, machinery, vehicles, pharmaceuticals, chemicals gemstones, textiles, aircraft, plastics, metals and ships bought from China 20.1%, US 14.5%, Switzerland 7.1%, Russia 6.3%. Norway 4.3%

EU annual revenue is $8.58 trillion (44.9% of aggregate GDP). EU annual spending is $9.05 trillion (47.4% of GDP).

Government debt is 83.2% of GDP. External debt is $13.05 trillion. Reserves $600 billion.

https://en.wikipedia.org/wiki/Economy_of_the_European_Union

Comments

EU member countries are overtaxed by their own lame governments plus their overbearing EU government in Brussels. In addition, most have a 20% national sales tax they call VAT (value added tax).

The US doesn’t do much better with $7.5 trillion going to federal, state and municipal government coffers. But the US doesn’t have a 20% national sales tax. Our politicians ruin our economy by ignore the US Constitution.

The worst part of being in the EU is that it is tied to the UN and adopts every goofy idea the UN has expounded. Climate Change is an expensive scam and allowing the Muslim welfare refugee invasion was treason punishable by hanging.

Norb Leahy, Dunwoody GA Tea Party Leader