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The economy of Europe comprises about 748 million people in 50 countries. The formation of the European Union (EU) and in 1999 the introduction of a unified currency, the Euro, brought participating European countries closer through the convenience of a shared currency.
- 0.3% (2023 est.)
- 748 million (2021)
- $34,510 (nominal; 2023 est), $50,670 (PPP; 2023 est)
Learn about the size, performance and structure of the EU economy, a single market of 27 countries with € 14.5 trillion GDP in 2021. Explore data on trade, employment, equality and the EU budget.
Explore the latest data and trends on the European economy, covering GDP, employment, inflation, trade, and more. Compare the performance of EU countries and other major economies in Europe with charts, maps, and tables.
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?
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.
- 447,706,209 (EU27, 1 January 2020 prov. est.)
1 day ago · If the biggest five European economies — Germany, the UK, France, Italy and Spain — had matched America’s productivity growth rate between 1997 and 2022, their GDP per capita would on ...
Jul 14, 2022 · The European economy since the start of the millennium — 2022 interactive edition 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.
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