Financial and social rankings of sovereign states in Europe

The aim of this page is to act as a comparison between the sovereign states of Europe regarding economic, financial and social factors.

Map of Europe according to the United Nations Geoscheme for Europe

Definition of Europe

For the purposes of comparison the broader definition of Europe will be used. A sovereign state must meet at least one of the following criteria to be included:

• Be a recognised European state by the United Nations geoscheme for Europe
• Be a member state of the European Union
• Be a member state of the Eurozone
• Be a member state of the Council of Europe

Economic

Countries by GDP (nominal)

Volkswagen AG's headquarters in Wolfsburg is the base for Germany's largest company by revenue

London is considered (along with New York City) to be the world's leading financial capital, with the UK set to become Europe's largest economy by 2030

Data provided is by the International Monetary Fund (2013)^[1]

Rank	Country	GDP (Millions of US$)
	European Union[n 1]	17,512,109
1	Germany	3,635,959
2	France	2,807,306
3	United Kingdom	2,523,216
4	Russia	2,096,774[n 2]
5	Italy	2,071,955
6	Spain	1,358,687
7	Netherlands	853,806
8	Turkey	819,990
9	Switzerland	650,431
10	Sweden	558,949
11	Poland	517,705
12	Norway	512,581
13	Belgium	508,275
14	Austria	416,062
15	Denmark	330,614
16	Finland	267,412
17	Greece	241,796
18	Ireland	232,150
19	Portugal	220,062
20	Czech Republic	198,450
21	Romania	188,893
22	Ukraine	178,313
23	Hungary	132,260
24	Slovakia	95,805
25	Azerbaijan	73,537
26	Belarus	71,710
27	Luxembourg	60,402
28	Croatia	57,371
29	Bulgaria	53,046
30	Slovenia	48,005
31	Lithuania	46,507
32	Serbia	42,492
33	Latvia	30,953
34	Estonia	24,888
35	Cyprus	21,919
36	Bosnia and Herzegovina	17,828
37	Georgia	16,162
38	Iceland	14,656
39	Albania	12,724
40	Armenia	10.431
41	Macedonia	10,238
42	Malta	9,545
43	Moldova	7,935
44	Monaco	6,075[n 3]
45	Liechtenstein	4,826[n 3]
46	Montenegro	4,377
47	Andorra	3,712[n 3]
48	San Marino	1,802

Projected GDP (nominal)

Data provided is from December 2014 update by the Centre for Economics and Business Research. ^[2]

2019 Rank Country GDP (Millions of US$) 1  Germany 3,519,000 2  United Kingdom 2,953,000 3  France 2,666,000 4  Russia 2,246,000 5  Italy 1,936,000 6  Spain 1,242,000 7  Turkey 1,052,000 8   Switzerland 816,000 9  Sweden 788,000 10  Netherlands 766,000

2024 Rank Country GDP (Millions of US$) 1  Germany 3,953,000 2  United Kingdom 3,645,000 3  France 3,039,000 4  Russia 2,816,000 5  Italy 2,155,000 6  Turkey 1,564,000 7  Spain 1,382,000 8  Sweden 1,067,000 9  Poland 975,000 10   Switzerland 966,000

2029 Rank Country GDP (Millions of US$) 1  Germany 4,324,000 2  United Kingdom 4,281,000 3  France 3,395,000 4  Russia 3,295,000 5  Italy 2,356,000 6  Turkey 2,343,000 7  Spain 1,513,000 8  Sweden 1,438,000 9  Poland 1,284,000 10   Switzerland 1,137,000

2030 Rank Country GDP (Millions of US$) 1  United Kingdom 4,421,000 2  Germany 4,397,000 3  France 3,469,000 4  Russia 3,383,000 5  Turkey 2,547,000 6  Italy 2,397,000 7  Spain 1,540,000 8  Sweden 1,526,000 9  Poland 1,357,000 10   Switzerland 1,175,000

GDP growth rate

Sweden is possibly the only developed European economy which is seen to continually grow

Azerbaijan is among the fastest growing economies in Europe, in part due to the country's growing energy sector

Turkey will overtake Italy to become Europe's fifth largest economy by 2030, with many predicting Turkey will become a great power in European politics

The economy of Cyprus continues to struggle as a result of the ongoing Eurozone crisis and the resulting Cypriot financial crisis

The real GDP growth rates provided are the 2015 estimates (unless otherwise indicated) as recorded in the CIA World Factbook.^[3]

Rank	Country	Real GDP growth rate (%)
1	Monaco	9.30 (2013 est.)
2	Ireland	7.80
3	Malta	5.40
4	Luxembourg	4.50
5	Czech Republic	4.20
6	Montenegro	4.10
7	Sweden	4.10
8	Iceland	4.00
9	Turkey	3.80
10	Romania	3.70
11	Macedonia	3.70
12	Slovakia	3.60
13	Poland	3.60
14	Spain	3.20
15	Armenia	3.00
16	Bulgaria	3.00
17	Slovenia	2.90
18	Hungary	2.90
19	Bosnia and Herzegovina	2.80
20	Georgia	2.80
21	Latvia	2.70
22	Albania	2.60
23	United Kingdom	2.20
24	Netherlands	1.90
25	Liechtenstein	1.80
26	Lithuania	1.60
27	Norway	1.60
28	Cyprus	1.60
29	Croatia	1.60
30	Germany	1.50
31	Portugal	1.50
32	Belgium	1.40
33	Denmark	1.20
34	France	1.10
35	Estonia	1.10
36	Azerbaijan	1.10
37	San Marino	1.00
38	Switzerland	0.90
39	Austria	0.90
40	Italy	0.80
41	Serbia	0.70
42	Finland	0.40
43	Greece	-0.20
44	Moldova	-1.10
45	Andorra	-1.60
46	Russia	-3.70
47	Belarus	-3.90
48	Ukraine	-9.90

GDP (nominal) per capita

Monaco is home to one of the world's wealthiest populations, and has the highest level of GDP per capita in Europe

Like Monaco, the small size of Liechtenstein has led to it being among the highest ranked European states for GDP per capita

Luxembourg is home to an established financial sector as well as one of Europe's richest populations

Despite having the highest GDP growth rate in Europe, Moldova is among its poorest states, and also has Europe's smallest GDP per capita

The GDP (nominal) per capita values provided are the 2013 figures (unless otherwise indicated) as recorded in the CIA World Factbook.^[4]

Rank	Country	GDP per capita (US$)
1	Monaco	159,400
2	Liechtenstein	139,300
3	Luxembourg	110,700
4	Norway	101,400
5	Switzerland	80,800
6	Denmark	58,300
7	San Marino	57,900
8	Sweden	57,200
9	Finland	49,200
10	Austria	49,100
11	Netherlands	47,600
12	Andorra	46,418[n 4]
13	Iceland	46,200
14	Ireland	46,000
15	Belgium	45,600
16	Germany	44,300
17	France	41,700
18	United Kingdom	39,600
	European Union[n 1]	34,000
19	Italy	33,600
20	Spain	28,600
21	Cyprus	25,200
22	Slovenia	22,700
23	Malta	22,600
24	Greece	21,800
25	Portugal	21,000
26	Czech Republic	18,861[n 4]
27	Estonia	18,300
28	Slovakia	17,700
29	Latvia	15,400
30	Lithuania	15,300
31	Russia	14,600
32	Croatia	13,400
33	Poland	13,300
34	Hungary	13,100
35	Turkey	10,700
36	Romania	8,900
37	Azerbaijan	7,900
38	Belarus	7,500
39	Bulgaria	7,300
40	Montenegro	6,800
41	Serbia	6,000
42	Macedonia	5,000
43	Bosnia and Herzegovina	4,800
44	Albania	4,400
45	Ukraine	3,800
46	Georgia	3,600
47	Armenia	3,400
48	Moldova	2,200

GDP (PPP)

Russia is one of the leading emerging economies in Europe, with Moscow International Business Center acting as Russia's new financial hub

Madrid is the financial capital of Spain, and one of the most important financial centres in Europe

Data provided is by the International Monetary Fund (2013)^[5]

Rank	Country	GDP (Billions of US$)
	European Union[n 1]	17,578.4
1	Germany	3,512.8
2	Russia	3,491.6
3	France	2,534.5
4	United Kingdom	2,320.4
5	Italy	2,035.4
6	Spain	1,488.8
7	Turkey	1,443.5
8	Poland	896.8
9	Netherlands	780.3
10	Belgium	455.0
11	Switzerland	432.0
12	Sweden	418.2
13	Ukraine	392.5
14	Austria	376.7
15	Romania	371.2
16	Norway	328.0
17	Czech Republic	287.6
18	Greece	278.0
19	Portugal	268.8
20	Denmark	240.9
21	Hungary	229.6
22	Finland	218.3
23	Ireland	213.3
24	Belarus	166.8
25	Azerbaijan	158.5
26	Slovakia	144.0
27	Bulgaria	119.6
28	Serbia	89.7
29	Croatia	86.6
30	Lithuania	75.4
31	Slovenia	58.7
32	Luxembourg	48.5
33	Latvia	46.5
34	Bosnia and Herzegovina	37.1
35	Estonia	34.4
36	Georgia	32.1
37	Albania	29.5
38	Macedonia	26.1
39	Cyprus	25.3
40	Armenia	23.1
41	Moldova	16.6
42	Iceland	13.2
43	Malta	12.9
44	Montenegro	9.10
45	Monaco	5.74 (2011 est.)[n 5]
46	Liechtenstein	3.20 (2009 est.)[n 5]
47	Andorra	3.16 (2012 est.)[n 5]
48	San Marino	1.97

Net National Wealth

Tourism to monuments such as the Eiffel Tower is important to the French economy

Along with Zurich, Geneva is one of Switzerland's leading financial centres, with both cities also being among the most important service orientated cities in world

The top 15 estimates are part of the 2014 data by Credit Suisse.^[6]

Rank	Country	GDP (Billions of US$)
1	France	15,304
2	United Kingdom	14,157
3	Germany	14,156
4	Italy	12,580
5	Spain	5,033
6	Switzerland	3,554
7	Netherlands	2,722
8	Belgium	2,529
9	Sweden	2,436
10	Russia	2,156
11	Austria	1,529
12	Norway	1,345
13	Denmark	1,230
14	Turkey	1,061
15	Greece	1,015

Financial

Current account balance

The current account balance values provided are the 2013 figures (unless otherwise indicated) as recorded in the CIA World Factbook.^[7] Figures for Andorra, Liechtenstein, Monaco and San Marino are unavailable.

Rank	Country	Current Account Balance (US$)
1	Germany	257,100,000,000
2	Russia	74,800,000,000 (2012 est.)
3	Norway	67,400,000,000
4	Netherlands	65,870,000,000
5	Switzerland	65,600,000,000
6	Sweden	39,000,000,000
7	Denmark	19,600,000,000
8	Azerbaijan	13,280,000,000
9	Austria	10,600,000,000
10	Ireland	7,300,000,000
11	Slovakia	3,315,000,000
12	Slovenia	2,954,000,000
13	Luxembourg	2,700,000,000
14	Spain	2,100,000,000
15	Greece	2,021,000,000
16	Hungary	1,722,000,000
17	Portugal	1,000,000,000
18	Malta	133,100,000
19	Iceland	-100,000,000
20	Croatia	-102,300,000
21	Bulgaria	-182,300,000
22	Macedonia	-194,100,000
23	Estonia	-352,300,000
24	Cyprus	-358,200,000
25	Moldova	-507,700,000
26	Lithuania	-567,000,000
27	Latvia	-613,900,000
28	Armenia	-720,600,000
29	Bosnia and Herzegovina	-939,500,000
30	Albania	-1,280,000,000
31	Georgia	-1,375,000,000
32	Serbia	-1,807,000,000
33	Montenegro	-1,938,000,000 (2012 est.)
34	Romania	-1,986,000,000
35	Finland	-2,000,000,000
36	Italy	-2,400,000,000
37	Czech Republic	-3,270,000,000
38	Belarus	-4,245,000,000
39	Belgium	-9,100,000,000
40	Poland	-11,060,000,000
41	Ukraine	-11,920,000,000
	European Union[n 1]	-34,490,000,000 (2011 est.)
42	Turkey	-58,350,000,000
43	France	-58,970,000,000
44	United Kingdom	-93,600,000,000

Public debt

The public debt values provided are the 2013 figures (unless otherwise indicated) as recorded in the CIA World Factbook.^[8] Figures for Liechtenstein and Monaco are unavailable.

Rank	Country	Public Debt (% of GDP)
1	Greece	175.00
2	Italy	133.00
3	Iceland	130.50
4	Portugal	127.80
5	Ireland	124.20
6	Cyprus	113.10
7	Belgium	102.40
8	Spain	93.70
9	France	93.40
10	United Kingdom	91.10
11	Germany	79.90
12	Hungary	79.80
13	Austria	75.70
14	Malta	75.30
15	Netherlands	74.30
16	Slovenia	71.70
17	Albania	70.50
18	Croatia	66.20
19	Serbia	61.20
20	Finland	56.50
21	Slovakia	55.50
22	Montenegro	52.10 (2012 est.)
23	Czech Republic	48.80
24	Poland	48.20
25	Denmark	47.00
26	Bosnia and Herzegovina	45.90
27	Sweden	41.50
28	Andorra	41.10 (2012)
29	Ukraine	40.60
30	Lithuania	40.20
31	Latvia	39.20
32	Romania	38.60
33	Armenia	37.70
34	Turkey	36.60
35	Georgia	36.30 (2012 est.)
36	Macedonia	34.30
37	Switzerland	33.80
38	Belarus	31.50
39	Norway	30.10
40	San Marino	25.80
41	Luxembourg	22.90
42	Bulgaria	18.40
43	Moldova	16.60
44	Russia	7.90
45	Azerbaijan	7.50
46	Estonia	6.00

Unemployment rate

The unemployment rate values provided are the most recent figures provided by varying sources, namely data released by state Governments.

Rank	Country	Unemployment Rate (%)
1	Belarus	0.5 (2013)[n 6]
2	Monaco	2.0 (2012)
3	Liechtenstein	2.5 (2011)
4	Andorra	2.9 (2013)
5	Switzerland	3.1 (2012)
6	Norway	3.4 (2014)
7	Austria	4.8 (2014)[n 7]
8	Germany	5.1 (2014)
9	Russia	5.2 (2013)
10	Iceland	5.4 (2013)
11	Azerbaijan	5.7 (2012)
12	United Kingdom	6.0 (2014)
13	Luxembourg	6.1 (2014)
14	Czech Republic	6.7 (2014)
15	Malta	6.9 (2014)
16	Denmark	7.0 (2014)
16	San Marino	7.0 (2012)
18	Hungary	7.1 (2014)
19	Romania	7.2 (2014)
20	Netherlands	7.3 (2014)
21	Sweden	8.1 (2014)
22	Finland	8.2 (2014)
23	Belgium	8.5 (2014)
24	Estonia	8.7 (2013)
25	Turkey	8.8 (2014)
26	Moldova	9.1 (2010)
27	Ukraine	9.2 (2009)
28	Poland	9.7 (2014)
29	Slovenia	9.8 (2014)
30	France	10.4 (2014)
	European Union[n 1]	10.6 (2014)
31	Ireland	11.0 (2014)
32	Lithuania	11.5 (2014)
33	Latvia	11.6 (2013)
34	Italy	12.6 (2014)
35	Bulgaria	13.1 (2014)
36	Georgia	13.7 (2014)
37	Slovakia	13.9 (2014)
38	Montenegro	15.0 (2013)
39	Cyprus	15.3 (2014)
40	Portugal	15.3 (2014)
41	Albania	16.9 (2013)
42	Armenia	17.3 (2013)
43	Croatia	17.6 (2014)
44	Serbia	20.8 (2014)
45	Spain	25.6 (2014)
46	Greece	25.9 (2014)
47	Bosnia and Herzegovina	27.0 (2013)
48	Macedonia	28.4 (2014)

Average wage

The average wage values provided are 2014 figures (unless otherwise stated) as recorded by varying sources, namely releases by respective Governments. The values are for monthly average wage (annual wage divided by 12 months) for net income (after taxes) in Euro currency.

Rank	Country	Net wage (Euro €)
1	Liechtenstein	6,003 (2010)
2	Switzerland	5049 (2011)
3	Monaco	4,436 (2012)
4	Norway	4,424 (2013)
5	Luxembourg	3,189 (2010)
6	Denmark	3,122 (2012)
7	Sweden	2,835
8	United Kingdom	2,723 (2013)
9	San Marino	2,390 (2013)
10	Finland	2,330
11	Iceland	2,253
12	Andorra	2,230 (2012)
13	Ireland	2,160 (2013)
14	Netherlands	2,136 (2012)
15	France	2,128 (2011)
16	Austria	2,114 (2012)
17	Germany	2,054 (2013)
18	Belgium	1,946 (2013)
19	Italy	1,923
20	Cyprus	1,833 (2013)
21	Spain	1,734 (2013)
22	Malta	1,092 (2013)
23	Slovenia	1,044 (2012)
24	Greece	1,004 (2013)
25	Portugal	985
26	Estonia	903(2015)
27	Poland	739
28	Croatia	710
29	Czech Republic	702
30	Slovakia	647
31	Turkey	632 (2012)
32	Latvia	566
33	Lithuania	541
34	Hungary	487
35	Montenegro	486 (2013)
36	Bosnia and Herzegovina	423 (2013)
37	Azerbaijan	402
38	Romania	398 (2013)
39	Georgia	385 (2013)
40	Russia	378
41	Serbia	373
42	Macedonia	353
43	Bulgaria	332 (2013)
44	Belarus	327 (2015)
45	Albania	320 (2013)
46	Armenia	232
47	Moldova	199
48	Ukraine	162 (2015)

Minimum wage

The minimum wage figures provided are the 2013 figures by The Federation of International Employers. Currency conversions from non-Euro currencies being based on the exchange rates of 2012.^[9]

Rank	Country	Monthly minimum (Euro €)
1	Luxembourg	1,921
2	Monaco	1,593
3	San Marino	1,525
4	Netherlands	1,502
5	Germany	1,473
6	Belgium	1,472
7	Ireland	1,462
8	United Kingdom	1,461
9	France	1,458
10	Andorra	962
11	Slovenia	789
12	Malta	703
13	Spain	649
14	Greece	586
15	Portugal	505
16	Estonia	430
17	Turkey	425
18	Poland	400
19	Croatia	392
20	Slovakia	380
21	Latvia	360
22	Hungary	339
23	Czech Republic	332
24	Lithuania	300
25	Romania	228
26	Macedonia	203
27	Montenegro	193
28	Bulgaria	184
29	Serbia	173
30	Bosnia and Herzegovina	164
31	Albania	154
32	Belarus	126
33	Azerbaijan	120
34	Armenia	95
35	Moldova	94
36	Russia	83
37	Ukraine	67
38	Georgia	40

Social

Human Development Index

The Human Development Index values provided are the 2014 estimates for 2013 (unless otherwise stated), as included in the United Nations Development Programme's Human Development Report.^[10]

Rank	Country	HDI	Change
1	San Marino	0.961 (2008)	N/A
2	Monaco	0.956 (2008)	N/A
3	Norway	0.944	0.001
4	Switzerland	0.917	0.001
5	Netherlands	0.915
6	Germany	0.911
7	Denmark	0.900
8	Ireland	0.899	0.002
9	Sweden	0.898	0.001
10	Iceland	0.895	0.002
11	United Kingdom	0.892	0.002
12	Liechtenstein	0.889	0.001
13	France	0.884
14	Austria	0.881	0.001
15	Belgium	0.881	0.001
16	Luxembourg	0.881	0.001
17	Finland	0.879
18	Slovenia	0.874
19	Italy	0.872
20	Spain	0.869
21	Czech Republic	0.861
22	Greece	0.853	0.001
23	Cyprus	0.845	0.003
24	Estonia	0.840	0.001
25	Lithuania	0.834	0.003
26	Poland	0.834	0.001
27	Andorra	0.830
28	Slovakia	0.830	0.001
29	Malta	0.829	0.002
30	Portugal	0.822
31	Hungary	0.818	0.001
32	Croatia	0.812
33	Latvia	0.810	0.002
34	Montenegro	0.789	0.002
35	Belarus	0.786	0.001
36	Romania	0.785	0.003
37	Russia	0.778	0.001
38	Bulgaria	0.777	0.001
39	Turkey	0.759	0.003
40	Azerbaijan	0.747	0.002
41	Serbia	0.745	0.002
42	Georgia	0.744	0.003
43	Ukraine	0.734	0.001
44	Macedonia	0.732	0.002
45	Bosnia and Herzegovina	0.731	0.002
46	Armenia	0.730	0.002
47	Albania	0.716	0.002
48	Moldova	0.663	0.006

Percentage living below poverty line

The percentage figures for citizens living below the poverty line are the latest available as provided by either the CIA World Factbook or the World Bank.^[11][12][13] There is no data available for eleven European states.

Rank	Country	Percentage	Year
1	Lithuania	4.0	2008
2	Norway	4.3	2007
3	Ireland	5.5	2009
4	Latvia	5.9	2004
5	Austria	6.0	2008
5	Azerbaijan	6.0	2012
7	France	6.2	2004
8	Switzerland	6.9	2010
9	Belarus	7.3	2011
10	Poland	7.6	2008
11	Ukraine	7.8	2011
12	Czech Republic	8.6	2012
13	Serbia	9.1	2013
14	Netherlands	10.5	2005
15	Montenegro	11.3	2012
16	Slovenia	12.3	2008
17	Russia	12.7	2011
18	Slovakia	13.2	2011
19	Denmark	13.4	2011
20	Hungary	13.9	2010
21	United Kingdom	14.0	2006
22	Albania	14.3	2012
23	Belgium	15.2	2007
24	Germany	15.5	2010
25	Moldova	16.6	2012
26	Turkey	16.9	2010
27	Estonia	17.5	2010
28	Georgia	17.7	2011
29	Bosnia and Herzegovina	17.9	2011
30	Croatia	18.0	2009
30	Portugal	18.0	2006
32	Spain	19.8	2005
33	Greece	20.0	2009
34	Bulgaria	20.7	2009
35	Romania	22.2	2011
36	Macedonia	27.1	2010
37	Armenia	34.1	2009

Social Progress Index

The Social Progress Index figures are provided by the nonprofit Social Progress Imperative and represent 2014. Eight European states are not represented as data is not available.^[14]

Rank	Country	Social Progress Index
1	Switzerland	88.19
2	Iceland	88.07
3	Netherlands	87.37
4	Norway	87.12
5	Sweden	87.08
6	Finland	86.91
7	Denmark	86.55
8	Austria	85.11
9	Germany	84.61
10	United Kingdom	84.56
11	Ireland	84.05
12	Belgium	82.63
13	Slovenia	81.65
14	Estonia	81.65
15	France	81.10
16	Spain	80.77
17	Portugal	80.49
18	Czech Republic	80.41
19	Slovakia	78.93
20	Poland	77.44
21	Italy	76.93
22	Latvia	73.91
23	Hungary	73.87
24	Lithuania	73.76
25	Greece	73.43
26	Croatia	73.31
27	Serbia	70.61
28	Bulgaria	70.24
29	Albania	69.13
30	Macedonia	68.33
31	Romania	67.72
32	Montenegro	66.80
33	Belarus	65.20
34	Armenia	65.03
35	Bosnia and Herzegovina	64.99
36	Ukraine	64.91
37	Turkey	64.62
38	Georgia	63.94
39	Azerbaijan	62.44
40	Russia	60.79
41	Moldova	60.12

Opportunity

The Opportunity figures are included in the 2014 Social Progress Index by the nonprofit Social Progress Imperative. Eight European states are not represented as data is not available^[14]

Rank	Country	Opportunity
1	Ireland	82.63
2	United Kingdom	82.29
3	Sweden	81.95
4	Finland	81.92
5	Iceland	81.71
6	Norway	80.82
7	Netherlands	80.63
8	Switzerland	79.92
9	Denmark	79.10
10	Belgium	76.34
11	Germany	75.81
12	Spain	75.19
13	Portugal	74.43
14	Austria	74.42
15	France	72.72
16	Estonia	72.32
17	Slovenia	69.3
18	Italy	66.58
19	Poland	66.50
20	Czech Republic	66.21
21	Hungary	63.46
22	Slovakia	63.04
23	Lithuania	61.84
24	Latvia	59.85
25	Greece	58.45
26	Bulgaria	56.98
27	Ukraine	55.33
28	Macedonia	55.23
29	Romania	54.91
30	Croatia	54.88
31	Albania	54.14
32	Serbia	52.87
33	Montenegro	52.48
34	Georgia	49.07
35	Moldova	48.04
36	Turkey	47.41
37	Armenia	47.39
38	Bosnia and Herzegovina	46.93
39	Russia	46.58
40	Belarus	44.13
41	Azerbaijan	42.54

World Happiness Report

The World Happiness Report is a measure of happiness published by the United Nations Sustainable Development Solutions Network, with the figures provided being the 2013 edition for the 2010 to 2012 period.^[15]

Rank	Country	Happiness	Change in happiness (2005-2006)
1	Denmark	7.693	-0.233
2	Norway	7.655	0.263
3	Switzerland	7.650	0.303
4	Netherlands	7.512	0.054
5	Sweden	7.480	0.171
6	Finland	7.389	-0.283
7	Austria	7.369	0.247
8	Iceland	7.355	N/A
9	Ireland	7.076	-0.068
10	Luxembourg	7.054	N/A
11	Belgium	6.967	-0.274
12	United Kingdom	6.883	-0.003
13	France	6.764	-0.049
14	Germany	6.672	0.163
15	Cyprus	6.466	0.228
16	Spain	6.322	-0.750
17	Czech Republic	6.290	-0.180
18	Slovenia	6.060	0.249
19	Italy	6.021	-0.691
20	Slovakia	5.969	0.705
21	Malta	5.964	N/A
22	Poland	5.822	0.085
23	Moldova	5.791	0.852
24	Croatia	5.661	-0.160
25	Albania	5.550	0.915
26	Belarus	5.504	-0.133
27	Russia	5.464	0.346
28	Greece	5.435	-0.891
29	Lithuania	5.426	-0.456
30	Estonia	5.426	0.074
31	Turkey	5.344	0.171
32	Montenegro	5.299	0.103
33	Portugal	5.101	-0.305
34	Ukraine	5.057	0.032
35	Latvia	5.046	0.358
36	Romania	5.033	-0.186
37	Serbia	4.813	0.063
38	Bosnia and Herzegovina	4.813	-0.087
39	Hungary	4.775	-0.300
40	Azerbaijan	4.604	-0.045
41	Macedonia	4.574	0.081
42	Armenia	4.316	-0.269
43	Georgia	4.187	0.496
44	Bulgaria	3.981	0.137

Summary

Economic

•  Azerbaijan is the second fastest growing economy in Europe, and the fastest growing transcontinental economy
•  Cyprus is the weakest growing economy in Europe, the European Union, the Eurozone and the European members of the Commonwealth of Nations
•  France has the highest Net National Wealth of any European state
•  Germany is the current largest economy in Europe, the European Union and the Eurozone, with Germany remaining the Eurozone's largest economy even once the United Kingdom has surpassed Germany to become Europe's largest economy
•  Latvia is the fastest growing economy in both the Eurozone and the European Union
•  Luxembourg is home to the highest GDP (nominal) per capita in both the European Union and Eurozone
•  Malta is the smallest economy in the Eurozone as well as the European Union, and is the fastest growing European economy in the Commonwealth of Nations
•  Moldova is the fastest growing economy in Europe, but is also one of Europe's poorest countries, with the lowest GDP (nominal) per capita of any European state
•  Monaco has the highest GDP (nominal) per capita of any European state
•  Russia is the largest transcontinental European economy and will remain so until at least 2030
•  San Marino is Europe's smallest economy, and is also the third weakest growing economy in Europe
•  United Kingdom is the largest European economy in the Commonwealth of Nations, and is also the largest none Eurozone economy in Europe, with the UK set to surpass Germany to become Europe's largest economy by 2030

Financial

•  Austria has the lowest unemployment rate in the European Union and the Eurozone
•  Belarus has the lowest unemployment rate in Europe, although this figure includes underemployment
•  Bulgaria has the smallest average wage and monthly minimum wage in the European Union
•  Estonia has the smallest public debt (as a percentage of GDP) of any state in Europe, as well as in the European Union and Eurozone
•  France has the largest financial deficit of any state in the Eurozone
•  Georgia has the lowest monthly minimum wage in Europe
•  Germany has the largest financial surplus of any country in Europe as well as the remainder of the world
•  Greece has the highest public debt (as a percentage of GDP) of any European state, as well as having the largest unemployment rate in the European Union and Eurozone
•  Macedonia has the highest unemployment rate of any European state
•  Liechtenstein has the highest average wage of any state in Europe
•  Lithuania has the smallest average wage and monthly minimum wage in the Eurozone
•  Luxembourg has the highest average wage in the European Union and Eurozone as well as the highest monthly minimum wage in the entirety of Europe
•  Russia has the largest surplus of those European countries not a member of either (or both) the EU or Eurozone
•  Ukraine has the smallest average wage in Europe, mostly as a result of ongoing political and military struggles
•  United Kingdom has the largest deficit of any country in Europe and the European Union

Social

•  Armenia has the largest percentage living under the poverty line of any state in Europe
•  Azerbaijan has the smallest rating for Opportunity in Europe
•  Bulgaria has the lowest Human Development Index figure in the European Union, as well as the largest percentage living under the poverty line in the EU, along with ranking last on the Social Progress Index in the EU, and being ranked last on the World Happiness Index in Europe
•  Croatia has the smallest rating for Opportunity in the European Union
•  Denmark ranks highest on the World Happiness Report in Europe and the European Union
•  Greece has the largest percentage living under the poverty line in the Eurozone, and is also ranked last on the Social Progress Index among Eurozone members, including for Opportunity
•  Ireland has the highest rating for Opportunity in Europe, the European Union and the Eurozone
•  Latvia has the weakest Human Development Index and World Happiness Index figures in the Eurozone
•  Lithuania has the smallest percentage living below the poverty line in Europe
•  Moldova ranks lowest on the Human Development Index and Social Progress Index in Europe
•  Netherlands has highest Human Development Index figure in the European Union and the Eurozone, and also ranks first in the EU and Eurozone on the Social Progress Index, as well as being the highest ranked country in the Eurozone on the World Happiness Index
•  San Marino has the highest Human Development Index figure in Europe
•   Switzerland ranks highest in Europe on the Social Progress Index

Notes

1. The European Union (EU) is an economic and political union of 28 member states that are located primarily in Europe. As the EU is not a country, it is not ranked on this list.
2. Excludes data for the Republic of Crimea and Sevastopol.
3. As data by the IMF is unavailable, 2013 data by the World Bank is used.
4. As data by the CIA World Factbook is unavailable, 2013 data by the World Bank is used.
5. As data by the IMF is unavailable, the latest available data by the CIA World Factbook is used.
6. Data for Belorussian unemployment does not take into account underemployment.
7. Data for Austrian unemployment includes only those who were previously employed.

References

1. "World Economic Outlook Database, October 2014".
2. "World Economic League Table 2015 , December 2014".
3. "GDP - Real Growth Rate, 2013".
4. "GDP (Official Exchange Rate, 2013".
5. "Report for Selected Countries and Subjects (PPP valuation of country GDP)".
6. "Global Wealth Databook 2014".
7. "Country Comparison - Current Account Balance, 2013".
8. "Country Comparison - Current Account Balance, 2013".
9. "Minimum Wage Rates".
10. "Human Development Report 2014 – "Sustaining Human Progress: Reducing Vulnerabilities and Building Resilience"". HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 25 July 2014.
11. "World Databank". Databank.worldbank.org. Retrieved 2012-11-17.
12. Population below poverty line, The World Factbook, CIA, accessed on July 25, 2012.
13. Poverty data: http://www.state.gov/g/drl/rls/hrrpt/2007/100577.htm Norway. Country Reports on Human Rights Practices - 2007], US Department of State; Population: Norway - CIA The World Factbook.
14. "Social Progress Index: Measuring National Progress". Social Progress Imperitive. Retrieved 2 August 2013.
15. Helliwell, John; Layard, Richard; Sachs, Jeffrey (September 9, 2013). "World Happiness Report 2013". United Nations Sustainable Development Solutions Network. Archived from the original (PDF) on June 4, 2011. Retrieved 2014-06-29.