Written by Gyorgyi Macsai (Members’ Research Service) with Raffaele Ventura (GlobalStat, EUI).
Updated on 20.09.2023.
This infographic provides an insight into the economic performance of the United States (US) compared with the European Union (EU), and looks at the trade dynamics between them. The US unemployment rate rose substantially in 2009 following the financial crisis. This was followed by a steady fall in unemployment from 2010 onwards, with the exception of the COVID-19 years (2020 and 2021) when a new steep increase was recorded. Both foreign direct investment (FDI) and remittances remained relatively low and stable between 2007 and 2022, accounting for only a small share of US gross domestic product, while the EU’s FDI has fluctuated, and its inward remittances have gradually increased. The EU’s trade with the US has shown a generally upward trend, with a sharp increase after the 2020 global economic slowdown.
Read this infographic on ‘US: Economic indicators and trade with EU‘ in the Think Tank pages of the European Parliament.