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The EU’s Single Market at 20 A Catalyst for Jobs & Growth

The single market has been at the core of the European project from the start, and today, instead of being blocked by national borders and barriers, people, goods, services and money move around the EU nearly as freely as they do within a single country.   

Between 1992 and 2009, measures creating the single market generated an additional 2.75 million jobs and 2.15 percent in growth in the EU. Today, trade among EU member countries accounts for 17 percent of world trade in goods and 28 percent of global trade in services.

More than ever, the single market remains one of the EU’s greatest assets, particularly in meeting the challenges of the current economic crisis. Far from being static, it continues to evolve to meet the changing needs of the 21st century, taking into issues ranging from the digital marketplace to telecommunications to climate and energy needs.

Learn more about the Single Market in our current issue of EU Focus.