Compare European Union (2008) - European Union (2007)

Compare European Union (2008) z European Union (2007)

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	European Union (2008)	European Union (2007)

Disputes - international	as a political union, the EU has no border disputes with neighboring countries, but Estonia has no land boundary agreements with Russia, Slovenia disputes its land and maritime boundaries with Croatia, and Spain has territorial and maritime disputes with Morocco and with the UK over Gibraltar; the EU has set up a Schengen area - consisting of 22 EU member states that have signed the convention implementing the Schengen agreements or "acquis" (1985 and 1990) on the free movement of persons and the harmonization of border controls in Europe; these agreements became incorporated into EU law with the implementation of the 1997 Treaty of Amsterdam on 1 May 1999; in addition, non-EU states Iceland and Norway (as part of the Nordic Union) have been included in the Schengen area since 1996 (full members in 2001), bringing the total current membership to 24; the UK (since 2000) and Ireland (since 2002) take part in only some aspects of the Schengen area, especially with respect to police and criminal matters; nine of the 12 new member states that joined the EU in 2004 joined Schengen on 21 December 2007; of the three remaining EU states, Cyprus is expected to join by 2009, while Romania and Bulgaria continue to enhance their border security systems	as a political union, the EU has no border disputes with neighboring countries, but Estonia and Latvia have no land boundary agreements with Russia, Slovenia disputes its land and maritime boundaries with Croatia, and Spain has territorial and maritime disputes with Morocco and with the UK over Gibraltar; the EU has set up a Schengen area - consisting of 13 EU member states that have signed the convention implementing the Schengen agreements or "acquis" (1985 and 1990) on the free movement of persons and the harmonization of border controls in Europe; these agreements became incorporated into EU law with the implementation of the 1997 Treaty of Amsterdam on 1 May 1999; in addition, non-EU states Iceland and Norway (as part of the Nordic Union) have been included in the Schengen area since 1996 (full members in 2001), bringing the total current membership to 15; the UK (since 2000) and Ireland (since 2002) take part in only some aspects of the Schengen area, especially with respect to police and criminal matters; the 12 new member states that joined the EU in 2004 and 2007 eventually are expected to participate fully in Schengen, following a transition period to upgrade their border controls and procedures
Economy - overview	Internally, the EU is attempting to lower trade barriers, adopt a common currency, and move toward convergence of living standards. Internationally, the EU aims to bolster Europe's trade position and its political and economic power. Because of the great differences in per capita income among member states (from $7,000 to $69,000) and historic national animosities, the EU faces difficulties in devising and enforcing common policies. For example, since 2003 Germany and France have flouted the member states' treaty obligation to prevent their national budgets from running more than a 3% deficit. In 2004 and 2007, the EU admitted 10 and two countries, respectively, that are, in general, less advanced technologically and economically than the other 15. Eleven established EU member states introduced the euro as their common currency on 1 January 1999 (Greece did so two years later), but the UK, Sweden, and Denmark chose not to participate. Of the 12 most recent member states, only Slovenia (1 January 2007) and Cyprus and Malta (1 January 2008) have adopted the euro; the remaining nine are legally required to adopt the currency upon meeting EU's fiscal and monetary convergence criteria.	Internally, the EU is attempting to lower trade barriers, adopt a common currency, and move toward convergence of living standards. Internationally, the EU aims to bolster Europe's trade position and its political and economic power. Because of the great differences in per capita income among member states (from $7,000 to $69,000) and historic national animosities, the EU faces difficulties in devising and enforcing common policies. For example, since 2003 Germany and France have flouted the member states' treaty obligation to prevent their national budgets from running more than a 3% deficit. In 2004 and 2007, the EU admitted 10 and two countries, respectively, that are, in general, less advanced technologically and economically than the other 15. Twelve established EU member states introduced the euro as their common currency on 1 January 1999, but the UK, Sweden, and Denmark chose not to participate. Of the 12 most recent member states, only Slovenia has adopted the euro (1 January 2007); the remaining 11 are legally required to adopt the currency upon meeting EU's fiscal and monetary convergence criteria.
Exchange rates	euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003)	euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002)
Exports	6.971 million bbl/day (2001)	NA
GDP - composition by sector	agriculture: 2% industry: 27.1% services: 70.7% (2006 est.)	agriculture: 2.1% industry: 27.3% services: 70.5% (2006 est.)
GDP - real growth rate	3% (2007 est.)	3.2% (2006 est.)
Household income or consumption by percentage share	lowest 10%: 2.8% highest 10%: 25.2% (2001 est.)	lowest 10%: 2.8% highest 10%: 25.1% (2001 est.)
Imports	17.76 million bbl/day (2001)	NA
International organization participation	European Union: ARF (dialogue member), ASEAN (dialogue member), IDA, OAS (observer), UN (observer) European Community: Australian Group, CBSS, CERN, FAO, EBRD, G-10, NAM (observer), NSG (observer), OECD, UNRWA, WCO, WTO, ZC (observer) European Central Bank: BIS European Investment Bank: EBRD, WADB (nonregional member)	European Union: ARF (dialogue member), ASEAN (dialogue member), IDA, OAS (observer), UN (observer) European Community: Australian Group, CBSS, CERN, FAO, EBRD, G-10, NAM (observer), NSG (observer), OECD, UNRWA, WTO, ZC (observer) European Central Bank: BIS European Investment Bank: EBRD, WADB (nonregional member)
Labor force	222.4 million (2006 est.)	220.9 million (2006 est.)
Labor force - by occupation	agriculture: 4.4% industry: 27.1% services: 67.1% note: the remainder is in miscellaneous public and private sector industries and services (2002 est.)	agriculture: 4.4% industry: 27.2% services: 67.1% note: the remainder is in miscellaneous public and private sector industries and services (2002 est.)
Languages	Bulgarian, Czech, Danish, Dutch, English, Estonian, Finnish, French, Gaelic, German, Greek, Hungarian, Italian, Latvian, Lithuanian, Maltese, Polish, Portuguese, Romanian, Slovak, Slovene, Spanish, Swedish note: only official languages are listed; German, the major language of Germany, Austria, and Switzerland, is the most widely spoken mother tongue - over 19% of the EU population; English is the most widely spoken language - about 49% of the EU population is conversant with it (2007)	Bulgarian, Czech, Danish, Dutch, English, Estonian, Finnish, French, Gaelic, German, Greek, Hungarian, Italian, Latvian, Lithuanian, Maltese, Polish, Portuguese, Romanian, Slovak, Slovene, Spanish, Swedish; note - only official languages are listed

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