Macroeconomic Scoreboard Dublin (Eurofi)

Summary

• Between 2008 and 2025, real GDP in the Eurozone grew at an average annual rate of just 0.9%, resulting in a 16.9% cumulative increase, while the US economy grew by 40.5% over the same period.p.10
• Hourly productivity in the US increased by 46.7% between 2000 and 2025, compared to 19.4% in the Eurozone.p.10
• The Euro area's share of world GDP declined from 22.1% in 2007 to 15.2% in 2025, while the share of the US rose to 26%.p.10
• Real IT-related capital stock in the US economy increased tenfold between 1995 and 2021, compared to a threefold increase in the Eurozone.p.12
• An average net savings of more than EUR300 billion has flowed out of the EU into foreign assets each year since 2015, reaching EUR437 billion in 2024.p.28

Key insights

1. Between the end of 2019 and the first quarter of 2026, US real GDP grew by 15%, which is more than double the growth seen in the Eurozone (+7%).p.10
2. The per capita GDP in the Euro area was $21,000 lower than in the US in 2025.p.12
3. Firms with more than 250 employees account for almost 60% of private-sector employment in the US, compared to 12% in Greece and 37% in Germany.p.13
4. In 2025, China exported over 922,000 passenger cars to Europe, marking a 29% year-on-year increase.p.20
5. By March 2026, Euro area residents held over 20% of US public debt owned by non-residents, amounting to USD1.95 trillion.p.28
6. Six Euro area countries are projected to have public debt ratios exceeding 90% of GDP by 2026.p.30
7. The total envelope of the Recovery and Resilience Facility currently stands at €577 billion, comprising €360 billion in grants and €217 billion in loans.p.45