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The European Union's GDP is estimated to be $19.35 trillion (nominal) in 2024 or $26.64 trillion (PPP), representing around one-sixth of the global economy. Germany has the biggest national GDP of all EU countries, followed by France and Italy .
Learn about the size, trade, employment and equality of the EU economy, a single market of 27 countries. Find out how the EU ranks globally and compare with other countries and regions.
The European economy since the start of the millennium — a statistical portrait aims to show how main features of the economy of the European Union and its Member States have evolved since 2000 through a large range of statistical data giving both a micro- and a macro-economic perspective.
Apr 30, 2024 · European Economic Forecast. Spring 2024. After a prolonged period of stagnation, better-than-expected growth at the start of 2024 and the ongoing reduction in inflation set the scene for a gradual recovery of the EU economy over the forecast horizon. Scientific paper.
What are the main trends of the economy in the European Union and its Member States since 2000? How have the gross domestic product (GDP), investment and consumption evolved? Have we faced high inflation or have prices been stable? Is unemployment decreasing or not? Four phases in the EU economy.
May 15, 2024 · With economic expansion in the southern rim of the EU still outpacing growth in north and western Europe, economic convergence within the EU is set to progress further. On the 20th anniversary of the enlargement of the EU towards the east and the south, it is notable that, after almost stalling last year, economic convergence is also set to ...
May 15, 2024 · Concretely, the EU economy should grow 1.0% in 2024. The euro area economy should reach 0.8% of growth. In 2025, GDP will grow even more. Meantime, EU inflation has fallen dramatically since it peaked in 2022. It is expected to wind down to 2.7% in 2024 and to 2.2% in 2025. The jobs market is also performing well.
