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In graphics: The eurozone's crisis | In graphics: The eurozone's crisis |
(40 minutes later) | |
Gross domestic product (GDP) is the value of all the goods and services produced by a country. | Gross domestic product (GDP) is the value of all the goods and services produced by a country. |
This chart shows how much GDP has grown, or contracted, every year since the launch of the euro. | This chart shows how much GDP has grown, or contracted, every year since the launch of the euro. |
It shows very clearly the damage caused to the whole of the eurozone by the financial crisis. | It shows very clearly the damage caused to the whole of the eurozone by the financial crisis. |
Notice that while Portugal did not experience a huge dip in 2009, its GDP growth was relatively low for much of the previous decade, which made the big infrastructure projects it was pursuing difficult to afford. | Notice that while Portugal did not experience a huge dip in 2009, its GDP growth was relatively low for much of the previous decade, which made the big infrastructure projects it was pursuing difficult to afford. |
The chart shows data for all of the countries that officially use the euro as well as the UK, which is included to allow for comparisons. | The chart shows data for all of the countries that officially use the euro as well as the UK, which is included to allow for comparisons. |
Send us your feedback | Send us your feedback |