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Normal_gaussian

1st: Germany

2nd: UK

3rd: France

4th: Italy

The UK and France switch a lot, Italy is almost certain to become the 3rd largest in 2019 when the UK leaves.

https://en.wikipedia.org/wiki/Economy_of_the_European_Union#...

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Interesting...

The debt to GDP ratio of Italy stands at 132 percent and its unemployment rate exceeds 7.5 percent.

I really don't get economics.

"I really don't get economics."

Obviously.

They are talking about only one indicator: GDP. What you don't get?

Largest economy is GDP per capita. Public debt is not necessarily related to how the actual economy is doing at the moment. If gov takes a huge loan and uses it to propel business, economy does good. Although there's a debt to pay back far in the future. Which hopefully will be easier to pay thanks to inflation.

7.5 unemployment is OK by europeans terms. Anything bellow 10% is business as usual.

> Largest economy is GDP per capita

Largest economy is not "GDP per capita", it is nominal GDP. Italy is #12 by GDP per capita measurement.

Ah, got it.

Thanks, thought we were 3rd.

Italy is 3rd by GDP in the Euro area but not in the European Union.

You are probably thinking of the eurozone.

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