Monday, October 1, 2012

Europe 2020 Strategy – towards a smarter, greener and more inclusive EU economy?

From: Europe 2020 Strategy – towards a smarter, greener and more inclusive EU economy? - Issue number 39/2012

The publication presents the latest available data on Europe 2020 headline indicators, taking into
account the role of Eurostat to ensure the statistical support for the strategy and to produce
relevant data that meet high quality standards. To monitor the progress towards Europe 2020
strategy objectives, a set of eight main indicators and three sub-indicators has been developed.
The strategy sets the union targets, to be achieved by 2020, while Member States commit their
national targets in the National Reform Programmes. The publication presents data on EU-27
aggregates, individual Member States and where available on the EFTA and the candidate
countries, US and Japan.

EU target - 75 % of the population aged 20-64 should be employed by 2020

Differences between EU Member States are large – in 2011. Greece had the lowest employment rate at
59.9 % and Sweden the highest at 80.0 %. Austria, Denmark, Germany, the Netherlands and Sweden
reported employment rate above the EU target of 75 %, while Greece, Hungary, Italy, Malta, Spain,
Romania, Bulgaria, Ireland and Poland below 65 %. Only Sweden has reached its national target
of 80%.

EU target – 3 % of the EU's GDP should be invested in R&D by 2020

The European Union as a whole would have to increase expenditure on R&D by 1.0 percentage
point to meet the EU target. In 2010, Finland, Sweden and Denmark reported shares of 3.87 %,
3.42 % and 3.06 % respectively.

EU target – Increase the share of renewable energy sources in final energy consumption to 20 % by 2020

The share of renewable energy sources in gross final energy consumption in 2010 varied widely
among Member States, ranging from 0.4 % in Malta to 47.9 % in Sweden. Between 2005 and
2010, all Member States increased their share of renewable energy. Romania, Estonia and Sweden
are among the countries which have almost reached their national targets – with 0.6, 0.7 and
1.1 percentage points respectively still remaining.

EU target – Reduction of poverty by aiming to lift at least 20 million people out of the
risk of poverty or social exclusion

Between 2005 and 2010, the share of people at risk of poverty or social exclusion declined in about half of
the Member States, rose in six and remained almost constant in seven others. The countries showing the
highest risk of poverty or social exclusion in 2005 had the strongest reductions by2010. In 2010 at national
level the differences were large - from 14.4 % and 15.0 % respectively for the Czech Republic and Sweden
to 41.6 % and 41.4 % for Bulgaria and Romania.

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