Sunday

25th Jul 2021

City of London richest EU region

  • London host the EU's biggest financial sector (Photo: Neil Howard)

With wealth three times greater than the EU average, inner London - home to the EU's largest financial sector- is the bloc's richest region.

Luxembourg, another financial powerhouse, is second at 266 percent of the EU average GDP, followed by Brussels which also has over twice the average, according to statistics on gross domestic product per capita in the EU's 272 regions in 2011.

Read and decide

Join EUobserver today

Become an expert on Europe

Get instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

The rich northern German city of Hamburg is at 202 percent of the GDP average, followed by Bratislava. The Slovak capital is the richest among former Communist regions and ahead of Paris, Stockholm and Prague.

Eurostat, which released the figures Thursday (27 February) notes that in some regions "GDP per capita figures can be significantly influenced by commuter flows," as people may live outside the city where they work.

At the other end of the scale, Bulgaria and Romania remain home to the EU's eight poorest regions, as was the case in previous years.

With only 29 percent of the EU GDP average, both the north-eastern region of Romania bordering Moldova as well as the north-western Bulgarian region of Severozapaden, bordering Serbia, are the poorest regions of all.

Among the 75 regions below 75 percent of EU GDP average, fifteen were in Poland, nine in Greece, seven in both the Czech Republic and Romania, six in Hungary, five each in Bulgaria and Italy, four each in Portugal and the United Kingdom, three in Slovakia, two each in Spain, France (both overseas departments) and Croatia, one in Slovenia, as well as in the single region member states of Estonia, Latvia and Lithuania.

Magazine

Prague outranks Paris and Stockholm among EU's richest regions

Prague outranked Paris, Stockholm and Vienna in a list of the EU's richest regions published on Thursday by Eurostat, the bloc's statistics office. The chart is however based on 2007 data, at the height of an economic boom in the central European state.

Luxembourg tax scandal may prompt EU action

An investigation into Luxembourg's tax regime has uncovered how the Italian mafia, the Russian underworld, and billionaires attempt to stash away their wealth. The European Commission has put itself on standby amid suggestions changes to EU law may be needed.

Investigation

Portugal vs Germany clash on EU corporate tax avoidance

Portugal's taking over the EU presidency puts the tax transparency law for corporations - which has been fought over for years - to a vote in the Council of Ministers. The resistance of the German government has failed.

News in Brief

  1. Macron changes phone after Pegasus spyware revelations
  2. Italy to impose 'vaccinated-only' entry on indoor entertainment
  3. EU 'will not renegotiate' Irish protocol
  4. Brussels migrants end hunger strike
  5. Elderly EU nationals in UK-status limbo after missed deadline
  6. WHO: 11bn doses needed to reach global vaccination target
  7. EU to share 200m Covid vaccine doses by end of 2021
  8. Spain ends outdoor mask-wearing despite surge

Vietnam jails journalist critical of EU trade deal

A journalist who had demanded the EU postpone its trade deal with Vietnam until human rights improved has been sentenced to 15 years in jail. The EU Commission says it first needs to conduct a detailed analysis before responding.

Stakeholders' Highlights

  1. Nordic Council of MinistersNineteen demands by Nordic young people to save biodiversity
  2. Nordic Council of MinistersSustainable public procurement is an effective way to achieve global goals
  3. Nordic Council of MinistersNordic Council enters into formal relations with European Parliament
  4. Nordic Council of MinistersWomen more active in violent extremist circles than first assumed
  5. Nordic Council of MinistersDigitalisation can help us pick up the green pace
  6. Nordic Council of MinistersCOVID19 is a wake-up call in the fight against antibiotic resistance

Latest News

  1. Far left and right MEPs less critical of China and Russia
  2. Why is offshore wind the 'Cinderella' of EU climate policy?
  3. Open letter from 30 embassies ahead of Budapest Pride
  4. Orbán counters EU by calling referendum on anti-LGBTI law
  5. Why aren't EU's CSDP missions working?
  6. Romania most keen to join eurozone
  7. Slovenia risks court over EU anti-graft office
  8. Sweden's gang and gun violence sets politicians bickering

Join EUobserver

Support quality EU news

Join us