Living in the EU : the economy

Abstract

While economic policies are mainly managed at national level, the European Union (EU) and its Member States (MS) annually coordinate national economic policies, budget, and macroeconomic as well as structural reforms within the European Semester. To design economic policies that shape European wellbeing, measuring the prosperity of people and MS is an important starting point for responses to the financial and economic crises that have strongly affected debt levels and the sustainability of public finances across the EU. The present infographic provides information about trade in goods between MS and with global partners, taxes, social contributions and consumption-related household expenditure.