Austria
Market Economy
HDI (Human Development Index) Ranking: 23
GDP Per Capita Income: $47,300 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Mostly Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 1.3%
Industry: 28.3%
Services: 70.4%
Imports: machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products, natural gas, food
Exports: machinery and equipment, motor vehicles and parts, paper and paperboard, metal goods, chemicals, iron and steel, textiles, food
HDI (Human Development Index) Ranking: 23
GDP Per Capita Income: $47,300 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Mostly Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 1.3%
Industry: 28.3%
Services: 70.4%
Imports: machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products, natural gas, food
Exports: machinery and equipment, motor vehicles and parts, paper and paperboard, metal goods, chemicals, iron and steel, textiles, food
Belgium
Market Economy
HDI (Human Development Index) Ranking: 21
GDP Per Capita Income: $43,600 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Mostly Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 0.6%
Industry: 21.9%
Services: 77.4%
Imports: raw materials, machinery and equipment, chemicals, raw diamonds, pharmaceuticals, food, transportation equipment, oil products
Exports: chemicals, machinery and equipment, finished diamonds, metals and metal products, food
HDI (Human Development Index) Ranking: 21
GDP Per Capita Income: $43,600 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Mostly Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 0.6%
Industry: 21.9%
Services: 77.4%
Imports: raw materials, machinery and equipment, chemicals, raw diamonds, pharmaceuticals, food, transportation equipment, oil products
Exports: chemicals, machinery and equipment, finished diamonds, metals and metal products, food
France
Mixed Economy
HDI (Human Development Index) Ranking: 22
GDP Per Capita Income: $41,200 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Mostly Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 1.7%
Industry: 19.5%
Services: 78.8%
Imports: machinery and equipment, vehicles, crude oil, aircraft, plastics, chemicals
Exports: machinery and transportation equipment, aircraft, plastics, chemicals, pharmaceutical products, iron and steel, beverages
HDI (Human Development Index) Ranking: 22
GDP Per Capita Income: $41,200 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Mostly Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 1.7%
Industry: 19.5%
Services: 78.8%
Imports: machinery and equipment, vehicles, crude oil, aircraft, plastics, chemicals
Exports: machinery and transportation equipment, aircraft, plastics, chemicals, pharmaceutical products, iron and steel, beverages
Germany
Market Economy
HDI (Human Development Index) Ranking: 6
GDP Per Capita Income: $46,900 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Mostly Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 0.6%
Industry: 30.4%
Services: 69.1%
Imports: machinery, data processing equipment, vehicles, chemicals, oil and gas, metals, electric equipment, pharmaceuticals, food, agricultural products
Exports: motor vehicles, machinery, chemicals, computer and electronic products, electrical equipment, pharmaceuticals, metals, transport equipment, food, textiles, rubber and plastic products
HDI (Human Development Index) Ranking: 6
GDP Per Capita Income: $46,900 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Mostly Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 0.6%
Industry: 30.4%
Services: 69.1%
Imports: machinery, data processing equipment, vehicles, chemicals, oil and gas, metals, electric equipment, pharmaceuticals, food, agricultural products
Exports: motor vehicles, machinery, chemicals, computer and electronic products, electrical equipment, pharmaceuticals, metals, transport equipment, food, textiles, rubber and plastic products
Liechtenstein
Market Economy
HDI (Human Development Index) Ranking: 13
GDP Per Capita Income: $89,400 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Mostly Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 8%
Industry: 37%
Services: 55%
Imports: agricultural products, raw materials, energy products, machinery, metal goods, textiles, food, motor vehicles
Exports: small specialty machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared food, electronic equipment, optical products
HDI (Human Development Index) Ranking: 13
GDP Per Capita Income: $89,400 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Mostly Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 8%
Industry: 37%
Services: 55%
Imports: agricultural products, raw materials, energy products, machinery, metal goods, textiles, food, motor vehicles
Exports: small specialty machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared food, electronic equipment, optical products
Luxembourg
Luxembourg
Market Economy
HDI (Human Development Index) Ranking: 19
GDP Per Capita Income: $99,000 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Mostly Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 0.2%
Industry: 11.3%
Services: 88.5%
Imports: commercial aircraft, minerals, chemicals, metals, food, luxury consumer goods
Exports: machinery and equipment, steel products, chemicals, rubber products, glass
Market Economy
HDI (Human Development Index) Ranking: 19
GDP Per Capita Income: $99,000 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Mostly Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 0.2%
Industry: 11.3%
Services: 88.5%
Imports: commercial aircraft, minerals, chemicals, metals, food, luxury consumer goods
Exports: machinery and equipment, steel products, chemicals, rubber products, glass
Monaco
Mixed Economy
Monaco is currently not in the HDI Ranking
GDP Per Capita Income: $78,700 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 0%
Industry: 14%
Services: 86%
Imports: food, chemicals and transportation products
Exports: textiles, manufactured products and art products
Monaco is currently not in the HDI Ranking
GDP Per Capita Income: $78,700 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 0%
Industry: 14%
Services: 86%
Imports: food, chemicals and transportation products
Exports: textiles, manufactured products and art products
Netherlands
Market Economy
HDI (Human Development Index) Ranking: 5
GDP Per Capita Income: $49,000 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 1.6%
Industry: 18%
Services: 70.2%
Imports: machinery and transport equipment, chemicals, fuels, food, clothing
Exports: machinery and equipment, chemicals, fuels; food
HDI (Human Development Index) Ranking: 5
GDP Per Capita Income: $49,000 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 1.6%
Industry: 18%
Services: 70.2%
Imports: machinery and transport equipment, chemicals, fuels, food, clothing
Exports: machinery and equipment, chemicals, fuels; food
Switzerland
Market Economy
HDI (Human Development Index) Ranking: 3
GDP Per Capita Income: $58,600 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 0.7%
Industry: 25.7%
Services: 73.6%
Imports: machinery, chemicals, vehicles, metals; agricultural products, textiles
Exports: machinery, chemicals, metals, watches, agricultural products
HDI (Human Development Index) Ranking: 3
GDP Per Capita Income: $58,600 US dollars
MDC (Most Developed Country)
Levels of Economic Activities: Secondary, Tertiary, Quaternary, and Quinary
Agriculture: 0.7%
Industry: 25.7%
Services: 73.6%
Imports: machinery, chemicals, vehicles, metals; agricultural products, textiles
Exports: machinery, chemicals, metals, watches, agricultural products
The current economic state of West Europe is very well because all of the countries are MDCs (Most Developed Countries). The job sectors of all the countries are mostly secondary sector (manufacturing), tertiary sector (offering services), and quaternary/quinary sectors (research and development) and a few of the countries have a small percentage of primary sector (farming). The countries in West Europe all have high GDP per capita income. The countries in West Europe also have high rankings on the HDI (Human Development Index) with the exception of Monaco. Most of the countries in West Europe ship in machinery and other equipments and most of them ship out metals, iron, and steel.
The European Union has affected the sub-region western Europe in both positive and negative. Some advantages: tax free trades among members, opens up a lot more opportunities, culture is not lost, a common currency, and no conflicts with other nations. Some disadvantages: communication barriers, shared wealth isn't always good, leaving is a problem, discriminates against potential members, and takes power away from the governments. The European Union (EU) is a program or form of continental government that is good- not stellar in working with Europe's economy.