European Union : The Key Numbers

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European Union
The key numbers
The European Union is a country with the population of 508.2 million people. The European Union also has a growth rate of real GDP of 1.7% as of 2015. The National income per capita in purchasing power parity as of 2013 was 34, 340. When it comes to exporting, the European Union exports about 1680 whic is up 2.92% and imports about 1703 which is up 3.54%. The top three main suppliers when it comes to the European Union include China with 18.3%, the United States contributing 12.2%, and Russia which contributes 10.8%. When it comes to the Eurpoean Union’s business environments, Germany is rated 15th, the United States is rated 6th, and Denmark is rated 3rd. When looking at the Corruption Perceptions
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This is due to the Mercosur countries always readily trading with the European Union. South Korea and the OPEC countries also actively trade with the European Union.
In September 2013, the unemployment rate stood at 12.0% of the workforce (12.0% in the euro area) (Eurostat). Employees including language problems are very mobile within the European Union. This is taking a toll on the European Union.
The EU 's official currency is the euro. The single currency is used by 18 states. It came into circulation in 1999 and it became a fiat currency in 2002. All other member states except Denmark and the United Kingdom who have obtained special diets and Sweden have undertaken to adopt euro if and only if they meet the Maastricht criteria (or Pact of Stability and Growth)
In 2015, the euro was the first currency for bond issues, the first currency to the number of banknotes in circulation, the second reserve currency in the world with 22% of the stock of central banks (ECB source), and the second trading currency with 39.3% of international trade in euros (ECB source)
The EU is the largest importer and exporter of agricultural products with 138 G € exchanges in 2008 (source: Eurostat).
Highly protected, the agricultural sector is supported by grants from the EU through the Common Agricultural Policy (CAP). These aids, which represent 40% of the EU budget, are both strongly criticized by some Member States such as the
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