INDUSTRIAL DYNAMICS AND
GLOBAL ECONOMIC
CHALLENGES-1 (EM18)
a.y. 2023 to 24
First Case study
Analyzing the Real GDP of European Countries per capita
from 2000 to 2022
SEYED HOSSEIN KHADEMALSHARIEH 904017
Using one of the mentioned official databases, make a comparative
geographical and/or temporal analysis (e.g. comparing the same sector
in different places such as provinces or nations and/or comparing a
sector/different sectors over time).
The analysis must be carried out on an index of your choice that you
might find particularly interesting (e.g. productivity, added value,
revenues, exports, number of new firms ... etc.)
1. A table or better a graph that highlights the sectorial differences
among places and /or peculiar sectorial trends over time (please
remember to cite the source, e.g. ISTAT)
2. A brief description of the selected INDEX (e.g. definition)
3. Describe briefly what you found (e.g. Interesting differences or
trends to notice? What do you think explains what you found? (if
you don’t spot key differences or interesting trends, try to explain
why)
Real GDP per capita
The indicator is calculated as the ratio of real GDP to the average
population of a specific year. GDP measures the value of total final output
of goods and services produced by an economy within a certain period of
time. It includes goods and services that have markets (or which could
have markets) and products which are produced by general government
and non-profit institutions. It is a measure of economic activity and is also
used as a proxy for the development in a country’s material living
standards. However, it is a limited measure of economic welfare. For
example, neither does GDP include most unpaid household work nor does
GDP take account of negative effects of economic activity, like
environmental degradation.
The data has been extracted from “Eurostat Database” and the structure
of data separated in two components. First is the “Geographic Entity”
which is represented by 32 European countries and the second
component is “Time” which is represented from 2000 to 2023. The data
related to real GDP per capita of 2023 of most of the countries are blank,
so they were not considered in the calculations and the analyzes were
considered from 2000 to 2022.
In order to summarize the report file, raw data will be represented in excel
file and the results will be shown in below:
Europian
Italy Real
Countries Average
GDP per capita Real
from 2000GDP per capita
to 2022 from
(euro per 2000
capita)
30000.00 to 2022 (euro per capita)
29000.00
90000.00
80000.00
28000.00
70000.00
60000.00
27000.00
50000.00
26000.00
40000.00
30000.00
25000.00
20000.00
10000.00
24000.00
0.00
23000.00
22000.00
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
This chart presents the average Real GDP per capita (in euros) for various
UN countries, with Luxembourg leading at 81,961.30 euros and Serbia at
the lowest with 4,367.39 euros. The list encompasses a diverse range of
European nations, showcasing significant disparities in economic
prosperity across the region. Wealthier countries such as Luxembourg,
Norway, and Switzerland exhibit remarkably high GDP per capita figures,
likely attributed to factors like robust financial sectors, strong social
welfare systems, and high levels of human capital. On the other hand,
countries like Bulgaria, Romania, and Turkey display considerably lower
GDP per capita, indicative of economic challenges and developmental
disparities. Analyzing these figures provides insights into the economic
landscape of Europe, highlighting both the successes and disparities
among member nations in terms of economic development and
prosperity.
Italy Real GDP per capita from 2000 to 2022 (euro per capita)
30000.00
29000.00
28000.00
27000.00
26000.00
25000.00
24000.00
23000.00
22000.00
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
The line chart presents the Real GDP per capita (in euros) for Italy
spanning from 2000 to 2022. The trend reveals fluctuations in Italy's
economic performance over the years, with periods of growth
interspersed with periods of decline or stagnation. Notably, Italy
experienced steady growth in GDP per capita from 2000 to 2007, reaching
its peak in 2007 at 28,740 euros. However, the global financial crisis of
2008 led to a downturn, with GDP per capita declining to 26,600 euros in
2009. Despite subsequent recovery efforts, Italy's GDP per capita
struggled to return to pre-crisis levels, remaining relatively stagnant or
experiencing modest growth in the following years. The COVID-19
pandemic further exacerbated economic challenges, with GDP per capita
falling to 24,910 euros in 2020 before rebounding slightly in 2021 and
2022. This analysis highlights the impact of external shocks and internal
economic factors on Italy's economic trajectory over the past two
decades, underscoring the need for sustainable growth strategies and
policy interventions to foster long-term prosperity.
Source: https://ec.europa.eu/eurostat/databrowser/view/sdg_08_10/default/table?lang=en&category=sdg.sdg_08
