# EU’s net financial worth stood at -66.3% of gross domestic product (GDP) **URL:** \ **Category:** Articles\ **Tags:** culture\_in\_decline\ **Created:** [July 22, 2021, 3:47pm UTC](https://tzm.one/t/eu-s-net-financial-worth-stood-at-66-3-of-gross-domestic-product-gdp/5111 "2021-07-22T15:47:36Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![Kees](https://tzm.one/user_avatar/tzm.one/kees/32/8442_2.png) [@Kees](https://tzm.one/u/Kees)\ **Post date:** [July 22, 2021, 3:47pm UTC](https://tzm.one/t/eu-s-net-financial-worth-stood-at-66-3-of-gross-domestic-product-gdp/5111/1 "2021-07-22T15:47:36Z")
> **[Government finance statistics: net financial worth](https://ec.europa.eu/eurostat/en/web/products-eurostat-news/-/ddn-20210722-1)** > > At the end of the first quarter of 2021, the EU’s net financial worth stood at -66.3% of gross domestic product (GDP). This represents a change of -9.1 percentage points (pp) compared with the first quarter of 2020 and a change of +0.1 pp compared... > At the end of the first quarter of 2021, the [EU](https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Glossary:European_Union_(EU))’s [net financial worth](https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Glossary:Net_financial_worth) stood at -66.3% of [gross domestic product](https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Glossary:Gross_domestic_product_(GDP)) (GDP). This represents a change of -9.1 percentage points (pp) compared with the first quarter of 2020 and a change of +0.1 pp compared with the fourth quarter of 2020. Net financial worth stood at a record low at the end of the fourth quarter of 2020 (-66.4% of GDP). We don’t need infinite growth, we live on a finite planet. Infinite growth is utopian. What we now have is more like an anti-economy. We’re destroying the planet that sustains live and the natural processes where we are inherently linked to. Time for an RBE?