Europe is running eight crises at once.This is the bill.
Every crisis has a budget line and a shadow price. Crisiskostgeld adds both up and divides them by the people who actually pay: 449 million EU citizens.
Total cost accrued this year
€1,665,687,070,398
Run-rate €61,532 /sec
Per EU citizen, this year
€3,709.77
€9,857 per household per year
Direct public spending
€874.3 bn/yr
Indirect & shadow costs
€1.07 trn/yr
Crises tracked
8
All crises combined
Total modelled yearly cost of every tracked crisis, EU-wide.
Figures are EU-wide and divided equally across 449 million residents.
The ledger
Ranked by total annual cost to the union.
Competitiveness crisis
The productivity gap with the US, compounding yearly.
Accrued this year
€349,984,717,658
Per citizen
€779.48
40% direct spending · 60% indirect
Financial crisis
The 2008 bill never really left; it became permanent debt service.
Accrued this year
€267,206,469,486
Per citizen
€595.11
25% direct spending · 75% indirect
Energy crisis
The cheapest kilowatt-hour Europe ever had is not coming back.
Accrued this year
€211,878,003,100
Per citizen
€471.89
58% direct spending · 42% indirect
Ukraine crisis
Support, refugees and rearmament on one continental bill.
Accrued this year
€205,015,557,655
Per citizen
€456.60
44% direct spending · 56% indirect
Climate crisis
Heat, drought and flooding are repricing the whole continent.
Accrued this year
€195,579,695,169
Per citizen
€435.59
56% direct spending · 44% indirect
Housing crisis
A structural shortage that taxes every young household.
Accrued this year
€180,996,998,599
Per citizen
€403.11
50% direct spending · 50% indirect
Covid-19 crisis
The emergency ended; the debt and consequences of imposed measures and lockdowns did not.
Accrued this year
€168,558,816,237
Per citizen
€375.41
46% direct spending · 54% indirect
Migration crisis
Reception, procedures and integration, priced per year.
Accrued this year
€86,466,812,604
Per citizen
€192.58
58% direct spending · 42% indirect
Crisis cost country impact map
Cost per worker by EU country · model: EU-wide bill split by contribution key (GNI share; Netherlands 6.2%), divided by the labour force. Indicative.
Data sourcesEvery figure on this site traces back to one of these public datasets and reports.View sources (26)
- European Environment Agency — Economic losses from weather- and climate-related extremes in Europe
- European Commission — EU Adaptation Strategy and climate budget
- KNMI / Deltacommissaris — Dutch climate scenarios and Delta Programme spending
- Bruegel — National fiscal policy responses to the energy crisis
- Eurostat — Energy prices for household consumers
- CBS — Dutch energy prices, energy poverty and household consumption
- Kiel Institute — Ukraine Support Tracker
- European Council — EU support for Ukraine — timeline and instruments
- Rijksoverheid — Dutch support to Ukraine and defence budget (Defensienota)
- European Commission — Migration and Home Affairs funding (AMIF, BMVI)
- OECD — International Migration Outlook
- COA / WODC — Dutch asylum reception capacity and cost per place
- Housing Europe — The State of Housing in Europe
- Eurostat — House price and rent indices
- CBS / ABF Research — Dutch housing shortage, rents and household formation
- European Commission — Draghi report — The future of European competitiveness
- Eurostat — R&D expenditure in the EU
- CPB — Dutch productivity, growth and public finance projections
- Eurostat — Government finance statistics — debt and interest since 2008
- ESM — European Stability Mechanism — eurozone crisis backstops
- DNB / CPB — Netherlands: bank rescues (ABN AMRO, SNS) and crisis debt service
- European Commission — Recovery and Resilience Facility — disbursements and financing
- OECD / ECDC — Health at a Glance: Europe — care backlogs after imposed measures and lockdowns
- RIVM / CBS — Netherlands: effects of imposed measures and lockdowns on sick leave and care costs
- European Commission — EU budget: national contributions and the GNI-based own resource
- CBS — Netherlands: population and households (StatLine)