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Europe Day

Favorable economic conditions in EU-28 in 2019

This year due to the appearance of the new coronavirus in Europe and also in Slovenia many things will be different than in 2019. For the Europe Day national statisticians collected some official statistics that are more prominent in the time of the epidemic.

  • 5/5/2020
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  • no status
General information about the EU-28
By February 2020 there were 28 Member States of the European Union. The European Union covers an area of almost 4.5 million square kilometers with a population of over 510 million. The largest EU-28 Member State is France and the smallest Malta.

5,916 residents of Slovenia celebrate their birthday on the Europe Day
Why is the Europe Day celebrated on 9 May? On this day in Paris in 1950, the then French Foreign Minister Robert Schuman proposed a new political cooperation in Europe.
In Slovenia 5,916 residents celebrate their birthday on the birthday of the EU.

The share of residents aged 80+ the highest in Italy 
A new coronavirus, which is dangerous especially for the elderly, appeared in Europe in 2020. As we can see from the graph, in 2019 the largest population of 80+-year-olds was in Italy (7.2%), which is the focal point of the coronavirus in Europe. In the EU-28 on average 5.7% of the population were 80 years old or older and 5.3% in Slovenia. The share was the lowest in Slovakia and Ireland (3.3% each).

According to Eurostat, in 2019 the median age in the EU-28 was 43.3 years, meaning that half of the population was older than 43.3 years and half younger. In 2019, the median age was the highest in Italy, 46.7 years. In Slovenia, it was 44 years.

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Before the new coronavirus appeared the EU-28 had the lowest unemployment rate in the last 20 years
According to Eurostat’s data, in the third quarter of 2019 the unemployment rate in the EU-28 was the lowest in the last twenty years, namely 6.1%. It was the highest in Greece (16.4%) and Spain (13.9%), and the lowest in Czechia (2.1%). In Slovenia it was 4.8%.

The minimum wage is not a legal requirement in all Member States
In 2019 the gross minimum monthly wage in Slovenia was EUR 886.63. Among the EU Member States, it was the lowest in Bulgaria at EUR 286.33 and the highest in Luxembourg at EUR 2,089.75. The minimum wage is a legal requirement in 22 Member States.

The trend of growth of the tourist nights continued in 2019
According to Eurostat's first estimates, the trend of growth of the tourist nights in most EU-28 Member States continued in 2019 before the appearance of the new coronavirus. The largest increase in tourist nights in 2019 compared to 2018 was recorded in Slovakia (by 13.4%) and Lithuania (by 10.1%). In the same comparison, the number of overnight stays in Slovenia went up by 0.5%. The drops were registered in three Member States: Greece (by 2.9%), Malta (2.0%) and Luxembourg (0.1%).

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What are the consumers’ expectations after the appearance of the new coronavirus?
In 2019 the consumer confidence indicator in Slovenia began to drop but it was still above the long-term average. In 2020 it continues to decline and in April 2020, at the time of the coronavirus, it reached its lowest value in the entire observation period, which began in March 1996. The expectation indicators deteriorated the most, namely consumer expectations about the economic situation in the country in the next 12 months and unemployment expectations. According to the European Commission’s data, in the EU expectations about the country’s economy and their own financial situation deteriorated the most.

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