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17 February 2025: Source: Blank map: File:World map (Miller cylindrical projection, blank).svg; Data from IMF: World Economic Outlook Database, October 2024. IMF.org. International Monetary Fund (11 April 2023). Retrieved on 17 February 2025. and WEO Database, October 2024. Report for Selected Countries and Subjects: World, 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. The European Union's GDP is estimated to be $20.29 trillion (nominal) in 2025 or $29.01 trillion (PPP), [7] representing around one-sixth of the global economy. [28]
Based on the results, the World Bank announced that in 2021 Russia was the world's 4th largest economy (int$5.7 trillion and 3.8 percent of the world) and the largest economy in Europe and Central Asia when measured in PPP terms (15 percent of the regional total), followed by Germany (13 percent of the regional economy). [23]
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).
Below is a table of sovereign states in Europe by GDP (PPP) per capita in international dollars. [2] Countries are ranked by their estimated 2024 figures. Note: transcontinental countries that are partly (but not entirely) located in Europe are also shown in the table, but the values shown are for the entire country.
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [1] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
This is an alphabetical list of countries by past and projected Gross Domestic Product, based on the Purchasing Power Parity (PPP) methodology, not on market exchange rates.
The list presents statistics for 2023 from Eurostat, as of 11 February 2025. The figures are in millions of nominal euros, purchasing power standards and purchasing power standard per capita. Île-de-France region has the largest GDP in the EU (€860 billion)