How much money does the EU spend on translation?

How much money does the EU spend on translation?

Translation and interpreting in all EU institutions account for less than 1% of the EU’s annual budget – equivalent to around €2 per person per year.

What is the average price for translation?

Translated offers an average price of US $0.10 per word. The translation of a standard page costs on average US $25, considering an average of 250 words per page, or 1,500 characters including spaces.

How much does translation cost UK?

Translation costs are normally worked out on a price-per-word basis, and most translators and translation companies work to industry standard rates. Generally, document translation prices range from £0.10 to £0.16 per word. So if you have a 1,000 word document, it will cost between £100 and £160 for translation.

How much does live translation cost?

Translation rates per word in 2021 vary from $0.09 to $0.40 per word in the United States. They vary due to factors such as language combination, volume, turnaround, and subject matter.

How much is the EU budget?

The EU has a long-term budget of €1,082.5 billion for the period 2014–2020, representing 1.02% of the EU-28’s GNI. and of €1,074.3 billion for the 2021-2027 period….Budget of the European Union.

Submitted by European Commission
Total expenditures €148.2 billion

How is the EU budget financed?

The EU’s sources of income include: contributions from member countries; import duties on products from outside the EU; a new contribution based on non-recycled plastic packaging waste; and fines imposed when businesses fail to comply with EU rules.

How much do freelance translators make UK?

In the UK, in-house translators earn between £18,000 and £30,000 per year. Average income in the US is $40,000. Freelancers can earn a lot less or a lot more. They need business skills like sales, marketing, management, and communication.

What is the common currency money of the EU called?

The euro
The euro is the official currency for 19 of the 27 EU member countries. A long preparatory path of over 40 years led to the introduction of the euro in 2002.

What percentage of GDP goes to EU?

Economy of the European Union

Statistics
GDP growth 2.3% (2018) 1.7% (2019) −7.1% (2020) 4.8% (2021)
GDP per capita $35,623 (nominal; 2019) $44,539 (PPP; 2019)
GDP by sector Agriculture: 1.5% Industry: 24.5% Services: 70.7% (2016 est.)
Inflation (CPI) 0.6% (2020) 1.4% (2019) 1.9% (2018)