Media
FR
Productivity has grown faster in western Europe than in America
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Graphic detail
T HE EU ECONOMY is now 65% the size of America’s in dollar terms, down from 90% just ten years ago.
Slow population growth is partly to blame—the number of Europeans has risen by 1.6% since 2012, compared with 6.1% for Americans.
Still, GDP per person is higher, and has grown far faster, in the United States than in Europe.
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