Economy

Europe’s economic history has long been based on trade and free market systems. From Greek city states, spurred by exploration and colonization it expanded even more during the industrial revolution. That period saw industry grow to a very high level. That growth continued up to the start of WWII but, war damage severely impacted industry.

Agriculture & fishing have been core segments of Europe’s economy for centuries with manufacturing, transportation, investing & banking, also primary contributors.

The overall economy of Europe has steadily been stable since after the end of the second world war with the western countries out performing those of the eastern communist countries. While some of those countries have seen good economic recovery, former states of the Soviet Union and Yugoslavia still lag behind.

The opening of free trade areas with the EEC ( European Economic Community other treaty’s and agreements have led to overall trade growth.

Country	GNI	Country	GNI
🇱🇮 Liechtenstein	116,440	🇬🇷 Greece	19,710
🇨🇭Switzerland	87,950	🇱🇹 Lithuania	19,020
🇮🇲 Isle of Man	83,160	🇸🇰 Slovakia	18,700
🇳🇴 Norway	78,250	🇱🇻 Latvia	17,740
🇮🇸 Iceland	72,930	🇭🇺 Hungary	16,530
🇱🇺 Luxembourg	70,930	🇵🇱 Poland	15,270
🇬🇬Guernsey / 🇯🇪Jersey	66,220	🇭🇷 Croatia	14,190
🇺🇸 United States	65,910	🇷🇴 Romania	12,570
🇮🇪 Ireland	63,530	🇷🇺 Russia	10,690
🇩🇰 Denmark	62,720	🇧🇬 Bulgaria	9,540
🇸🇪 Sweden	53,800	🇹🇷 Turkey	9,050
🇳🇱 Netherlands	53,060	🇲🇪 Montenegro	7,900
🇦🇹 Austria	51,440	🇷🇸 Serbia	7,400
🇫🇮 Finland	49,620	🇧🇾 Belarus	6,330
🇧🇪 Belgium	48,010	🇧🇦 Bosnia & Herzegovina	6,090
🇩🇪 Germany	46,990	🇲🇰 North Macedonia	5,720
🇫🇷 France	42,330	🇦🇱 Albania	5,210
🇬🇧 United Kingdom	42,130	🇲🇩 Moldova	4,570
🇮🇹 Italy	32,200	🇽🇰 Kosovo	4,440
🇪🇸 Spain	30,360	🇺🇦 Ukraine	3,540
🇨🇾 Cyprus	26,110	🇦🇩 Andorra	No data
🇸🇮 Slovenia	25,940	🇨🇾 Holy See – Vatican	No data
🇲🇹 Malta	25,370	🇬🇮 Gibraltar	No data
🇪🇪 Estonia	23,250	🇲🇨 Monaco	No data
🇵🇹 Portugal	22,000	🇸🇲 San Marino	No data
🇨🇿 Czechia	21,930	🇫🇴 Faroe Islands	No data