EU is the largest contributor to world GDP - Eurostat

The EU generates almost a quarter of world GDP despite containing just 7 per cent of the world's population, a new statistical analysis by Eurostat has revealed.  In total, the 20 countries that make up the G20 account for a massive 85 per cent of global GDP.  In a report comparing the 28-nation bloc to the 15 non-EU countries that form part of the G20, Eurostat noted that the EU average of 1.5 births per woman was the third-lowest among G20 countries. Only Japan (1.4) and South Korea (1.2) have a lower birth rate.  The EU's old-age dependency, measured as the ratio of the number of people aged 65 and over to the working age population, is the second-highest among G20 states, with its 28.1 per cent rate beating Canada, Australia and the United States.  Almost 7 per cent of the EU's population was born outside its borders, the report found. While higher than the 3.3 per cent world average, this figure pales in comparison to Australia's 28.2 per cent, Canada's 21.8 per cent or the USA's 14.5 per cent figure. Saudi Arabia, where one in three have been born overseas, leads the pack.  In terms of trade, Eurostat's 'The EU in the world' report identified Russia and Turkey as key...

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