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Friday, August 20, 2004

Study Shows If EU Were A U.S. State, Would Rank Dismal 47th In Per Capita GDP

August 20, 2004
If the European Union were a U.S. state, it would rank forty-seventh in per capita GDP, according to a report from Timbro, a Swedish free-market think tank. (Yes, there really is one.)

In annual income the average European is on a par with residents of Mississippi, West Virginia, and Arkansas. (And the report excludes the newer, poorer EU nations of Eastern Europe.)

The picture isn't much rosier even in wealthier European states like France and Britain, both of which have per capita GDPs slightly lower than Alabama's. Only tiny Luxembourg scores better than the American average. ... FR Reprint.

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