Where Unemployment Benefits are the Highest, in OECD Countries

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11 seconds ago

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June 17, 2024 Graphics/Design:

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Ranked: Unemployment Benefits in OECD Countries

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This graphic ranks OECD countries by their level of unemployment benefits offered. This is measured by the percentage of previous in-work income a person would earn after being unemployed for one year.

Calculations reference a single person without children, whose previous in-work earnings were 67% of the average wage in each country. Data for this graphic and article can be accessed at OECD.org.

ℹ️ As of 2024, the OECD has 38 member countries plus several accession candidates. OECD Countries by Unemployment Support

Luxembourg tops the rankings of OECD countries by unemployment benefits. Workers in the country can receive 87% of their previous employed income for up to a full year out of work.

RankCountry% of previous in-work
income received
after 1 year 1🇱🇺 Luxembourg87 2🇧🇪 Belgium78 3🇩🇰 Denmark78 4🇧🇬 Bulgaria*77 5🇵🇹 Portugal75 6🇨🇭 Switzerland72 7🇳🇴 Norway67 8🇫🇷 France66 9🇪🇸 Spain66 10🇳🇱 Netherlands64 11🇸🇪 Sweden64 12🇮🇹 Italy62 13🇮🇸 Iceland61 14🇩🇪 Germany60 15🇫🇮 Finland58 16🇦🇹 Austria51 17🇲🇹 Malta*49 18🇬🇷 Greece47 19🇪🇪 Estonia45 20🇸🇮 Slovenia44 21🇳🇿 New Zealand42 22🇭🇷 Croatia*41 23🇨🇾 Cyprus*38 24🇯🇵 Japan38 25🇷🇴 Romania*38 26🇮🇪 Ireland35 27🇦🇺 Australia32 28🇵🇱 Poland31 29🇰🇷 South Korea23 30🇨🇦 Canada22 31🇮🇱 Israel22 32🇱🇹 Lithuania21 33🇨🇿 Czechia20 34🇬🇧 UK16 35🇱🇻 Latvia14 36🇸🇰 Slovakia10 37🇹🇷 Türkiye10 38🇭🇺 Hungary9 39🇺🇸 U.S.9
*Not formally in the OECD. Data unavailable for Costa Rica, Chile, Colombia, and Mexico. Figures current up to 2023.

However, there are stipulations to receiving this money. This includes being fit and willing to work as well as already registered in the National Employment Agency.

Mapped: The Top Export in Each EU Country

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13 seconds ago

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May 20, 2024

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The Top European Union Exports by Country

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The European Union (EU) exports over $6 trillion in products annually. The bloc boasts a diversified economy that encompasses fuel and mineral industries, cars, vaccines, and technology.

In this map, we display European Union countries’ top exports as of 2022. Data for the map was sourced from The Observatory of Economic Complexity.

Cars and Petroleum Dominate EU Exports

Belgium, Bulgaria, Croatia, Finland, Greece, Lithuania, Sweden, and the Netherlands have petroleum gas or refined petroleum as their top export product.

The Netherlands exported $68.1 billion worth of refined petroleum in 2022, ranking third among the largest exporters globally. The country is home to BP Rotterdam Refinery, the biggest oil refinery in Europe.

CountryTop Export (2022)Value (USD Billions) 🇦🇹 AustriaCars$7.7B 🇧🇪 BelgiumPetroleum Gas$54.7B 🇧🇬 BulgariaRefined Petroleum$3.5B 🇭🇷 CroatiaRefined Petroleum$1.5B 🇨🇾 CyprusPassenger and Cargo Ships$1.3B 🇨🇿 Czech RepublicCars$25.5B 🇩🇰 DenmarkPackaged Medicines$15.9B 🇪🇪 EstoniaElectricity$1.1B 🇫🇮 FinlandRefined Petroleum$6.9B 🇫🇷 FrancePlanes, Helicopters, and/or Spacecraft$26.6B 🇩🇪 GermanyCars$149.0B 🇬🇷 GreeceRefined Petroleum$16.4B 🇭🇺 HungaryCars$12.3B 🇮🇪 IrelandVaccines$47.3B 🇮🇹 ItalyPackaged Medicines$34.4B 🇱🇻 LatviaSawn Wood$1.2B 🇱🇹 LithuaniaRefined Petroleum$5.5B 🇱🇺 LuxembourgIron blocks$1.6B 🇲🇹 MaltaIntegrated Circuits$1.1B 🇳🇱 NetherlandsRefined Petroleum$68.1B 🇵🇱 PolandCars (parts & accessories)$15.3B 🇵🇹 PortugalCars$4.4B 🇷🇴 RomaniaCars$6.7B 🇸🇰 SlovakiaCars$26.9B 🇸🇮 SloveniaPackaged Medicines$12.5B 🇪🇸 SpainCars$33.6B 🇸🇪 SwedenRefined Petroleum$12.9B

Besides petroleum, automobiles (and automobile parts) significantly contribute to the EU economy. Austria, Czech Republic, Germany, Hungary, Portugal, Poland, Romania, Slovakia, and Spain have automotive products as their top exports.

With well-known car brands such as Volkswagen, BMW, Mercedes-Benz, Audi, and Porsche, Germany alone generates around $150 billion per year from car exports.

Other products help diversify the EU economy. France’s top export is planes, helicopters, and/or spacecraft, while Italy and Denmark excel in the packaged medicines industry. Ireland has a

The Most Valuable Companies in Major EU Economies

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36 seconds ago

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May 1, 2024 Graphics/Design:

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Most Valuable Companies in the EU, by Country

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In this graphic, we mapped out the most valuable corporations in 11 major EU economies, based on their market capitalizations as of April 15th, 2024. All figures are in USD, and were sourced from Companiesmarketcap.com.

Novo Nordisk is currently worth more than $550 billion, making it Europe’s most valuable company by a wide margin. The pharmaceutical giant specializes in diabetes and weight-loss drugs. Demand for two of them, Ozempic and Wegovy, has surged due to their weight-loss capabilities, even causing nationwide shortages in the United States.

The following table includes an expanded list of the most valuable publicly-traded company in larger EU economies. Many of these were not included in the graphic due to space limitations.

CountryCompanySectorMarket Cap 🇩🇰 Denmark💊 Novo NordiskPharmaceuticals$562B 🇫🇷 France👜 LVMHLuxury Goods$422B 🇳🇱 Netherlands🔧 ASMLSemiconductor Equipment$382B 🇩🇪 Germany💼 SAPEnterprise Software$214B 🇮🇪 Ireland🖥️ AccentureIT Services$197B 🇪🇸 Spain👗 InditexRetail$147B 🇧🇪 Belgium🍻 Anheuser-Busch InBevBeverages$116B 🇸🇪 Sweden🛠️ Atlas CopcoIndustrial Equipment$80B 🇮🇹 Italy🏎️ FerrariAutomotive$76B 🇫🇮 Finland🏦 Nordea BankBanking$40B 🇦🇹 Austria🔌 Verbund AGEnergy$26B 🇱🇺 Luxembourg🏗️ TenarisOil & Gas Equipment$22B 🇨🇿 Czech Republic💡 CEZ GroupEnergy$20B 🇵🇱 Poland⛽ PKN OrlenEnergy$20B 🇵🇹 Portugal🔌 EDP GroupEnergy$16B 🇬🇷 Greece🏦 EurobankBanking$7B 🇭🇺 Hungary⛽ MOL GroupEnergy$7B 🇭🇷 Croatia🏦 Zagrebacka BankaBanking$6B 🇷🇴 Romania⛽ RomgazEnergy$4B 🇸🇮 Slovenia💊 KrkaPharmaceuticals$4B
Note: Figures are rounded and last updated on April 15th, 2024. Countries with top publicly-traded companies worth under $4 billion are excluded.

Luxury supergiant LVMH—which owns brands like Tiffany, Christian Dior, and TAG Heuer to name a few—is Europe’s second largest company by market cap, at $420 billion.

Rounding out the top three is ASML, which produces equipment crucial to chip manufacturers, worth $380 billion.

When looking at the region, there is a vast disparity between EU member states and their most valuable companies.

For example,