Financial and Social rankings of sovereign states in Europe - wikipedia 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 Contents 1 Definition of Europe 2 Economic 2.1 Countries by GDP ( nominal ) 2.2 Projected GDP ( nominal ) 2.3 GDP growth rate 2.4 GDP ( nominal ) per capita 2.5 GDP ( PPP ) 2.6 Net National Wealth 3 Financial 3.1 Current account balance 3.2 Public debt 3.3 Unemployment rate 3.4 Average wage 3.5 Minimum wage 4 Social 4.1 Human Development Index 4.2 Percentage living below poverty line 4.3 Social Progress Index 4.4 Opportunity 4.5 World Happiness Report 5 Summary 5.1 Economic 5.2 Financial 5.3 Social 6 Notes 7 References 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 ) Rank Country GDP ( Millions of US $ ) European Union 17,512,109 Germany 3,635,959 France 2,807,306 United Kingdom 2,523,216 Russia 2,096,774 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 45 Liechtenstein 4,826 46 Montenegro 4,377 47 Andorra 3,712 48 San Marino 1,802 Projected GDP ( nominal ) Data provided is from December 2014 update by the Centre for Economics and Business Research. 2019 Rank Country GDP ( Millions of US $ ) Germany 3,519,000 United Kingdom 2,953,000 France 2,666,000 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 $ ) Germany 3,953,000 United Kingdom 3,645,000 France 3,039,000 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 $ ) Germany 4,324,000 United Kingdom 4,281,000 France 3,395,000 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 $ ) United Kingdom 4,421,000 Germany 4,397,000 France 3,469,000 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. Rank Country Real GDP growth rate ( % ) Monaco 9.30 ( 2013 est. ) Ireland 7.80 Malta 5.40 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. Rank Country GDP per capita ( US $ ) Monaco 159,400 Liechtenstein 139,300 Luxembourg 110,700 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 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 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 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 ) Rank Country GDP ( Billions of US $ ) European Union 17,578.4 Germany 3,512.8 Russia 3,491.6 France 2,534.5 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. ) 46 Liechtenstein 3.20 ( 2009 est. ) 47 Andorra 3.16 ( 2012 est. ) 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. Rank Country GDP ( Billions of US $ ) France 15,304 United Kingdom 14,157 Germany 14,156 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. Figures for Andorra, Liechtenstein, Monaco and San Marino are unavailable. Rank Country Current Account Balance ( US $ ) Germany 257,100,000,000 Russia 74,800,000,000 ( 2012 est. ) Norway 67,400,000,000 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 - 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. Figures for Liechtenstein and Monaco are unavailable. Rank Country Public Debt ( % of GDP ) Greece 175.00 Italy 133.00 Iceland 130.50 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 ( % ) Belarus 0.5 ( 2013 ) Monaco 2.0 ( 2012 ) Liechtenstein 2.5 ( 2011 ) Andorra 2.9 ( 2013 ) 5 Switzerland 3.1 ( 2012 ) 6 Norway 3.4 ( 2014 ) 7 Austria 4.8 ( 2014 ) 8 Netherlands 4.9 ( 2017 ) 9 Germany 5.1 ( 2014 ) 10 Russia 5.2 ( 2013 ) 11 Iceland 5.4 ( 2013 ) 12 Azerbaijan 5.7 ( 2012 ) 13 United Kingdom 6.0 ( 2014 ) 14 Luxembourg 6.1 ( 2014 ) 15 Ireland 6.4 ( 2017 ) 16 Czech Republic 6.7 ( 2014 ) 17 Malta 6.9 ( 2014 ) 18 Denmark 7.0 ( 2014 ) 19 San Marino 7.0 ( 2012 ) 20 Hungary 7.1 ( 2014 ) 21 Romania 7.2 ( 2014 ) 22 Sweden 8.1 ( 2014 ) 23 Finland 8.2 ( 2014 ) 24 Belgium 8.5 ( 2014 ) 25 Estonia 8.7 ( 2013 ) 26 Turkey 8.8 ( 2014 ) 27 Moldova 9.1 ( 2010 ) 28 Ukraine 9.2 ( 2009 ) 29 Poland 9.7 ( 2014 ) 30 Slovenia 9.8 ( 2014 ) 31 France 10.4 ( 2014 ) European Union 10.6 ( 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 € ) Liechtenstein 6,003 ( 2010 ) Switzerland 5,049 ( 2011 ) Monaco 4,436 ( 2012 ) 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 ( ) 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. Rank Country Monthly minimum ( Euro € ) Luxembourg 1,921 Monaco 1,593 San Marino 1,525 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. Rank Country HDI Change San Marino 0.961 ( 2008 ) N / A Monaco 0.956 ( 2008 ) N / A Norway 0.944 0.001 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. There is no data available for eleven European states. Rank Country Percentage Year Lithuania 4.0 2008 Norway 4.3 2007 Ireland 5.5 2009 Latvia 5.9 5 Austria 6.0 2008 5 Azerbaijan 6.0 2012 7 France 6.2 8 Switzerland 6.9 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 21 United Kingdom 14.0 2006 22 Albania 14.3 2012 23 Belgium 15.2 2007 24 Germany 15.5 25 Moldova 16.6 2012 26 Turkey 16.9 27 Estonia 17.5 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 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. Rank Country Social Progress Index Switzerland 88.19 Iceland 88.07 Netherlands 87.37 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 Rank Country Opportunity Ireland 82.63 United Kingdom 82.29 Sweden 81.95 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. Rank Country Happiness Change in happiness ( 2005 - 2006 ) Denmark 7.693 - 0.233 Norway 7.655 0.263 Switzerland 7.650 0.303 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 ^ Jump up to : 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. Jump up ^ Excludes data for the Republic of Crimea and Sevastopol. ^ Jump up to : As data by the IMF is unavailable, 2013 data by the World Bank is used. ^ Jump up to : As data by the CIA World Factbook is unavailable, 2013 data by the World Bank is used. ^ Jump up to : As data by the IMF is unavailable, the latest available data by the CIA World Factbook is used. Jump up ^ Data for Belorussian unemployment does not take into account underemployment. Jump up ^ Data for Austrian unemployment includes only those who were previously employed. References Jump up ^ `` World Economic Outlook Database, October 2014 ''. Jump up ^ `` World Economic League Table 2015, December 2014 ''. Jump up ^ `` GDP - Real Growth Rate, 2013 ''. Jump up ^ `` GDP ( Official Exchange Rate, 2013 ''. Jump up ^ `` Report for Selected Countries and Subjects ( PPP valuation of country GDP ) ''. Jump up ^ `` Global Wealth Databook 2014 ''. Jump up ^ `` Country Comparison - Current Account Balance, 2013 ''. Jump up ^ `` Country Comparison - Current Account Balance, 2013 ''. Archived from the original on 2008 - 10 - 15. Jump up ^ `` Minimum Wage Rates ''. Jump up ^ `` 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. Jump up ^ `` World Databank ''. Databank.worldbank.org. Retrieved 2012 - 11 - 17. Jump up ^ Population below poverty line, The World Factbook, CIA, accessed on July 25, 2012. Jump up ^ 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. ^ Jump up to : `` Social Progress Index : Measuring National Progress ''. Social Progress Imperitive. Retrieved 2 August 2013. Jump up ^ 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. Europe articles History Chronology Prehistory Classical antiquity Late antiquity Middle Ages Early modernity World War I & II Pax Europaea Crisis situations and unrest since 2000 By topic Military Sovereignty predecessor states Geography Areas and populations Countries by area Largest metropolitan areas Cities Extreme points Geology Islands Lakes Mountains Rivers Sovereign states and dependent territories by population Villages Politics Eurosphere International organisations Integration Law Politics Post-Soviet Europe Transatlantic relations Intergovernmental Commonwealth of Independent States ( CIS ) Council of Europe ( CoE ) Collective Security Treaty Organisation ( CSTO ) GUAM Organization North Atlantic Treaty Organisation ( NATO ) Organization for Security and Co-operation in Europe ( OSCE ) statistics European Union Economy relations free trade agreements Education European Economic Area ( EEA ) European Neighbourhood Policy ( ENP ) European Union Customs Union ( EUCU ) Eurozone Foreign relations Members enlargement Politics Schengen Area Statistics Visa policy Economy History Financial ( and social ) rankings Free trade areas Energy Telecommunications Transport Intergovernmental Central European Free Trade Agreement ( CEFTA ) Customs Union of Belarus, Kazakhstan, and Russia ( CUBKR ) Eurasian Economic Community ( EAEC ) European Free Trade Association ( EFTA ) Sovereign states by Average wage Budget revenues per capita Corruption index GDP ( nominal ) per capita GDP ( PPP ) per capita GNI ( nominal ) per capita GNI ( PPP ) per capita HDI Internet users ( % ) Minimum wage Press Freedom Index Unemployment rate ( % ) Health expense per capita Military spending ( % ) Childhood population ( % ) Urban population ( % ) Life expectancy Electricity use per capita Society Etiquette Social ( and financial ) rankings Languages endangered Universities Bologna Process Erasmus Culture Art painting sculpture Architecture Capital of Culture Cinema film festivals Classical music Cuisine Dance Literature Philosophy Religion Christianity Islam Judaism Sport Symbols Demographics Ageing Ethnic groups genetic history Immigration Life expectancy Retirement Outline Index Portal Maps Retrieved from `` https://en.wikipedia.org/w/index.php?title=Financial_and_social_rankings_of_sovereign_states_in_Europe&oldid=796670703 '' Categories : Lists of countries in Europe International rankings Talk Contents About Wikipedia Languages اردو Edit links This page was last edited on 22 August 2017, at 11 : 27. Text is available under the Creative Commons Attribution - ShareAlike License ; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia ® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization. About Wikipedia

Question: which country has the largest economy in europe
Answer: Germany