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The economy of the European Union is the joint economy of the member states of the European Union (EU). It is the second largest economy in the world in nominal terms, after the United States, and the third largest at purchasing power parity (PPP), after China and the US.
This is a sortable list of all European countries by their gross domestic product in billions of US dollars at market or official government exchange rates (nominal GDP), according to the International Monetary Fund. The economic and political map of Europe also includes: Turkey, Georgia, Armenia, Azerbaijan, Cyprus and Kosovo.
The European Union has the second largest economy in the world, behind that of the United States. [45] Trade within the Union accounts for more than one-third of the world total. The European Union or EU is a supranational union of 27 European states, the most recent acceding member being Croatia, which became full member on 1 July 2013.
Europe’s economy avoided ending 2023 in a recession by the narrowest of margins, official data showed Tuesday.
The European Union economy is set to bounce back strongly this year after the deep coronavirus recession and member states are forecast to have recouped the ground lost by the end of next year.
Malta is the smallest economy in the eurozone as well as the European Union, and is the fastest growing European economy in the Commonwealth of Nations. Moldova is the fastest growing economy in Europe, but is also one of Europe's poorest countries, with the lowest GDP (nominal) per capita of any European state.
As COVID-19 cases keep rising, the European Union's executive commission lowered its forecast for the economic rebound from the coronavirus pandemic next year and said the economy wouldn’t reach ...
This is a list of European nations sorted by their gross domestic product (GDP), the value of all final goods and services produced within a nation in a given year. The GDP dollar estimates presented here are derived from purchasing power parity (PPP) calculations for the latest years recorded in The World Factbook .