The EU Single Market has not only led to the elimination of border controls, but has also brought Europeans a plus in their wallets. On average, the Single Market increases the incomes of its citizens by around 840 euros per person per year.
Zurich and London are among the regions in which inhabitants benefit the most, with income gains of over 2,000 euros. This means that some of the biggest winners in the Single Market are currently not EU members or could be leaving the EU and the Single Market in the future. These are the results of a comprehensive analysis by us, for which economists Giordano Mion (University of Sussex) and Dominic Ponattu (Bertelsmann Stiftung) examined more than 250 regions in Europe with regard to income gains from the EU Single Market. In concrete terms, the study analyzes the effects of the internal market on the gross domestic product per capita and year.