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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]
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.
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2024 Edition. [1] The figures are given or expressed in Millions of International Dollars at current prices.
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).
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. Monaco has the highest GDP (nominal) per capita of any European state. Russia is the largest transcontinental European economy and will remain so until at least 2030.
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)