Video instructions and help with filling out and completing Where Form 5495 Revenue

Instructions and Help about Where Form 5495 Revenue

The economy of Europe comprises more than 730 1 million people in 48 different countries like other continents the wealth of Europe States varies although the poorest are well above the poorest states of other continents in terms of GDP and living standards the difference in wealth across Europe can be seen roughly and former Cold War divided with some countries breaching the divide whilst most European states have GDP per capita higher than the world's average and are very highly developed some European economies despite their position over the world's average in the Human Development Index are still catching up with European leading countries throughout this article Europe and derivatives of the word are taken to include selected states whose territory is only partly in Europe euro such as Turkey Azerbaijan and the Russian Federation a euro and states that are geographically in Asia bordering Europe and culturally adherent to the continent a euro such as Armenia Georgia and Cyprus Europe in 2010 had a nominal GDP of 19.9 20 trillion dollars Europe's largest national economy is that of Germany which ranks fourth globally in nominal GDP and fifth in purchasing power parity GDP followed by the United Kingdom ranking fifth globally in nominal GDP followed by France ranking sixth globally in nominal GDP followed by Italy which ranks seventh globally in nominal GDP followed by Russia ranking tenth globally in nominal GDP then by Spain ranking thirteenth globally in nominal GDP these six countries all rank in the world's top 15 therefore European economies account for half of the 10 wealthiest ones the end of World War two brought European countries closer together culminating in the formation of the European Union and in 1999 the introduction of a unified currency euro the euro the EU as a whole is the wealthiest and largest economy in the world topping the US by more than 2.000 billion at a time of great economic slowdown a euro see list of is by GDP in 2009 Europe remained the world's wealthiest region it's 33 trillion dollars in assets under management represented more than one-third of the world a euro unregistered trademark s wealth unlike North America it was one of few regions where wealth surpassed its pre-crisis year-end peak of the top 500 largest corporations measured by revenue 184 have their headquarters in Europe 161 are located in the eu-15 in Switzerland 6 in Russia one in Turkey one in Norway as noted by the Spanish sociologist Manuel Castells the average standard of living in Western Europe is very high a ooe the bulk of the population in Western Europe still enjoys the highest living standards in the world and in the world a euro unregistered trademark s history economic development equals pre-1945 industrial growth equals prior to World War two Europe's major financial and industrial states were the United Kingdom France and Germany the Industrial Revolution which began in Britain had spread rapidly across Europe and before long the entire continent was at a high level of Industry World War one had briefly led to the industries of some European states stalling but in the run-up to World War to Europe had recovered well and was competing with the ever increasing economic might of the United States of America however World War two caused the destruction of most of Europe's industrial centers and much of the continents infrastructure was laid to waste equals 1945 euro 1990 the Cold War era equals following World War two European government was in tatters many non-socialist European governments moved to link their economies laying the foundation for what would become the European Union this meant a huge increase in shared infrastructure and cross-border trade whilst these European states rapidly improved their economies by the 1980's the economy of the comicon was struggling mainly due to the massive cost of the Cold War the GDP and the living standards of Central and Eastern European states were lower than in other parts of Europe even free-market Greece situated in southeastern Europe struggled due to geographical isolation from non-socialist part of Europe the European community grew from six original members following World War 2 to 12 in this period average living standards in Europe rose significantly during the post-war period as characterized by these findings per capita private consumption in 1980 Luxembourg 5495 France 5395 Germany Federal Republic 5319 Belgium 5143 Denmark 4802 Netherlands 4792 United Kingdom 4343 Italy 4288 Ireland 30 29 per capita personal disposable income in 1980 Belgium 6202 France 6044 Germany Federal Republic 5661 Netherlands 5490 Italy 53 78 Denmark 4878 United Kingdom 4690 8 equals rise of the European Union equals when the Eastern Bloc dissolved around 1991 these states struggled to adapt to free-market systems there was however a huge variation in degrees of success with Central European states such as the Czech Republic Hungary Slovakia Slovenia and Poland adapting reasonably quickly whilst states that used to form the USSR such as Russia Belarus and Ukraine struggled to reform their crumbling infrastructure zeeeee many developed european countries were quick to develop economic ties with fellow european states where democracy was reintroduced after the revolutions of 1989 states in central europe and the baltic states dealt with change former Yugoslavian republics descended into war and Russia Ukraine and Belarus are still struggling with their old systems Europe's largest economy Germany struggled upon unification in 1991 with former communist German Democratic Republic or East Germany influenced by the Soviet Union GDR had much of its industrial infrastructure removed during the Cold War and for many years unified Germany struggled to build infrastructure in the former East Germany up to the level of former West Germany peace did not come to Yugoslavia for a decade and by 2003 there were still many NATO and EU peacekeeping troops present in bosnia and herzegovina macedonia and kosovo war severely hampered economic growth with only slovenia making any real progress in the 1990s european economy was affected