US vs EU economy and banking sector comparison
Some numbers to compare the european and US economies as well as the
size of their banking systems. To me this numbers suggest that european
banking problems are larger than those in the US.
Bank Assets 2007
World USD 84.78 trl
EU USD 43.14 trl
US USD 11.19 trl
North America USD 13.77
GDP at purchasing power parity (2008 est)
World USD 70.65 trl
EU USD 14.96 trl (21%)
US USD 14.59 tln (21%)
GDP at official exahcnge rates (2008 est)
World USD 78,36 trl
EU USD 18.93 trl (24%)
US USD 14.33trl (18%)
Debt Securities (public and private) 2007
World USD 79.82 trl
EU USD 28,22 trl
US USD 31.46 trl
Stock Market Cap 2007
World USD 65.10 trl (actual USD 28.49 trl as per Feb 18th 09)
EU USD 14.7 trl
US USD 22,1 trl
Exports (2008 est)
World USD 16.34 trl
EU USD 1.33 trl
US USD 1.37 trl
Savings 2007
Euro area USD 21.8 trl
US USD 12.6 trl
Investment 2007
Euro area USD 22.2 trl
US USD 17.5 trl
Current account (% of GDP) 2008
Euro area -0.5
US -4.6
Government debt net (% of GDP) 2008
Euro area 56.4
US 46,3
Government debt gross (% of GDP) 2008
Euro area 69.9
US 61,5
Corporate Loans as % of GDP
EU 80%
US 50 %
Data source: CIA World Fact Book, IMF
