Real GDP: US v. euro area | Private consumption in real terms: US v. FR, DE, IT – @VMRConstancio Tags:Europe 4 comments Graphs plotted or shared by former ECB vice president Vítor Constâncio and retrievable from his Twitter account. [GDP per capita](https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locations=US-XC-DE-ES) of almost all European countries has consistently been lower than in the US, so this is not a surprise. The US had a much more aggressive monetary policy and spent more on stimulus, which helped growth. Now do GDP per capita and you’ll see how population growth explains most of this gap. This graph goes back to 2017, but if you go back to 2007, the EU blue line would’ve been above the US red line. Leave a ReplyYou must be logged in to post a comment.
Graphs plotted or shared by former ECB vice president Vítor Constâncio and retrievable from his Twitter account.
[GDP per capita](https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locations=US-XC-DE-ES) of almost all European countries has consistently been lower than in the US, so this is not a surprise. The US had a much more aggressive monetary policy and spent more on stimulus, which helped growth.
This graph goes back to 2017, but if you go back to 2007, the EU blue line would’ve been above the US red line.
4 comments
Graphs plotted or shared by former ECB vice president Vítor Constâncio and retrievable from his Twitter account.
[GDP per capita](https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locations=US-XC-DE-ES) of almost all European countries has consistently been lower than in the US, so this is not a surprise. The US had a much more aggressive monetary policy and spent more on stimulus, which helped growth.
Now do GDP per capita and you’ll see how population growth explains most of this gap.
This graph goes back to 2017, but if you go back to 2007, the EU blue line would’ve been above the US red line.