The NextGenerationEU economic stimulus plan is set to be implemented according to each European Union member state's national recovery & resilience plan between 2021 and 2026. The stimulus effect which this will have varies across the different member states, with those states which are set to receive a relatively large stimulus package compared with their GDP experiencing a greater boost to growth than others, according to GDP forecasts.
Countries such as Greece, Bulgaria, and Croatia are set to experience as much as three percent additional GDP growth over the target years for the NextGenEU programs. On the other hand, countries such as Sweden, the Netherlands, and Austria, who will receive relatively smaller packages, will experience additional GDP growth of less than one percent per year, mostly caused by spillovers from other countries' plans. While the packages are to be dispersed between 2021 and 2026, the effect on GDP growth in many countries is set to be long-lasting, with growth being boosted into the 2030s.
Forecasted additional annual Gross Domestic Product (GDP) growth due to the NextGenerationEU economic stimulus by European Union member states from 2021 to 2030
(in percentage terms)
This forecast was calculated by the authors using a scenario in which each member state spends its share of NGEU funds equally across the years 2021-2026, and in which economic productivity remains high.
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European Commission. (July 15, 2021). Forecasted additional annual Gross Domestic Product (GDP) growth due to the NextGenerationEU economic stimulus by European Union member states from 2021 to 2030 (in percentage terms) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1369052/next-generation-eu-forecast-gdp-growth-member-state/
European Commission. "Forecasted additional annual Gross Domestic Product (GDP) growth due to the NextGenerationEU economic stimulus by European Union member states from 2021 to 2030 (in percentage terms)." Chart. July 15, 2021. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1369052/next-generation-eu-forecast-gdp-growth-member-state/
European Commission. (2021). Forecasted additional annual Gross Domestic Product (GDP) growth due to the NextGenerationEU economic stimulus by European Union member states from 2021 to 2030 (in percentage terms). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1369052/next-generation-eu-forecast-gdp-growth-member-state/
European Commission. "Forecasted Additional Annual Gross Domestic Product (Gdp) Growth Due to The Nextgenerationeu Economic Stimulus by European Union Member States from 2021 to 2030 (in Percentage Terms)." Statista, Statista Inc., 15 Jul 2021, https://www.statista.com/statistics/1369052/next-generation-eu-forecast-gdp-growth-member-state/
European Commission, Forecasted additional annual Gross Domestic Product (GDP) growth due to the NextGenerationEU economic stimulus by European Union member states from 2021 to 2030 (in percentage terms) Statista, https://www.statista.com/statistics/1369052/next-generation-eu-forecast-gdp-growth-member-state/ (last visited September 01, 2024)
Forecasted additional annual Gross Domestic Product (GDP) growth due to the NextGenerationEU economic stimulus by European Union member states from 2021 to 2030 (in percentage terms) [Graph], European Commission, July 15, 2021. [Online]. Available: https://www.statista.com/statistics/1369052/next-generation-eu-forecast-gdp-growth-member-state/