15 Poorest Countries In Europe, 2022.

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15 Poorest Countries in Europe 2022.
After China, the European Union has the world’s second-largest economy. Economic prosperity, on the other hand, varies greatly between countries. Despite the fact that it is home to some of the world’s wealthiest countries, such as Luxembourg, the continent has other countries with significant levels of poverty. With a total surface area of 10,180,000km2, Europe is the world’s second smallest continent, after Australia. Europe is made up of 44 countries. During World War I and World War II, Europe’s economy suffered greatly. During the Cold War, many central and eastern European countries succumbed to Russian pressure and established COMECON (Council for Mutual Economic Assistance). The United States provided significant funding to most of the other countries that chose a free-market approach. Many western European countries banded together to join the European Union in order to integrate their economies, boosting cross-border trade and improving their economy, whereas COMECON countries continue to struggle. The GDP (Gross Domestic Product) per capita measures the average wealth of each country’s citizens. It is calculated by dividing the country’s gross domestic product (GDP) by the total population, adjusted for inflation.
Welcome to Grace Media. The following is a list that shows the wealth ranking of European countries. Stay connected as we find out more about these countries.
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