Economic growth and unemployment
Do large nations prosper better in the economic growth race than small nations? Certainly not! Economic growth in Iceland and Norway in 1971 - 2000 was much faster than in France, Britain, Germany, Spain or Italy, and faster than in the EU nations or the USA. Source: OECD Economic Outlook and The Central Bank of Iceland.
Eurostat estimates that, in February 2005, 12.8 million men and women were unemployed in the euro-zone and 19,1 million in the EU25 (the 25 EU-states).
Both euro-zone and the EU25 unemployment stood at 8.9%. In Germany and France the rates were 9.8, in Poland over 18. Year ago, February 2004, the situation in the EU25 was the same, 8.9%. The unemployment rate in the EU for under-25s was 18.8%.
Unemployment in Iceland in December 2004 was 2.5%. In February 2005, the US unemployment rate was 5.4% and the Japanese rate