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Some of the comparatively more developed European nations are also relatively more corrupt. For example, although, Switzerland and Norway are more developed than Finland they are also relatively more corrupt than Finland.
Corruption costs the European Union economy at least €179-€950 billion each year.
At a state level, the harm done by corruption to the GDP of European Union Member States ranges from 15 percent in Romania (€38.6 billion) to 0.76 percent in the Netherlands (€4.4 billion). Italy reveals the record in absolute terms, losing €236.8 billion each year to corruption.
France comes 2nd, wasting €120.2 billion each year to corruption, whilst Germany gets a hit to GDP of over €104 billion every particular year.
At a more individual level, if we assume that this money could be equally shared amongst the more than 510 million people living in Europe in 2016, each person would get on average €1772 per year.
In some nations the numbers are much higher, meaning that, if the money wasted to corruption in Cyprus and the Czechia were divided equally, each person could get 2500€ every year, a number which rises to €3,168 per person in Greece or even €3,903 in Italy. Even in nations with comparably low levels of corruption such as Finland or Denmark, each resident could yearly get €727 or €782 respectively.
