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It assigns them very different obligations and responsibilities, all based on GDP levels from 1992.
Even a 1% bump would translate, at current GDP levels, into an extra $325bn".
The EU applies its complex calculation of how much member states should pay into its coffers largely on GDP levels.
But it's still functioning well below long-term historical averages, when compared to total national GDP levels.
And he points out that the situation changes when you are looking at countries with very different GDP levels, than those with similar ones.
That's via Chris Williamson of Markit, the data provider, who comments: In terms of GDP levels, the Eurozone economy is still 3.0% smaller than its pre-crisis peak.
Similar(35)
Historically, the debt to GDP level has been much higher than it is now.
Although we will get back to our real 2007 GDP level at some point, Britain has dropped to a lower trend growth line.
What if the country recovers to the 3% GDP level?
It uses quarterly changes in real GDP level series to identify local peaks and troughs (turning points)7.
The statistical analysis indicates that the intercity rail transit size is most highly correlated with the regional GDP level.
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