What is the GDP of the European Union?

What is the GDP of the European Union?

around $17.9 trillion
The European Union’s GDP was estimated to be around $17.9 trillion (nominal) in 2020, representing around 1/6 of the global economy. 447,706,209 (EU27, 1 January 2020 prov. est.)

What was the GDP of European Union in 2016?

€14 800 billion
In 2016, the gross domestic product (GDP) of the European Union (EU) amounted to €14 800 billion (bn) at current prices. Over half of it was generated by three Member States: Germany, the United Kingdom and France.

Which EU member has the largest GDP?

List of European countries by GDP. Germany is the largest economy in Europe, followed by United Kingdom, France, Italy, and Russia. These five together hold a 50% share of the European economy. Total ten European economies represent almost 80% share.

What is the poorest country in Europe 2015?

Not every country in Europe is equally prosperous. More than 731 million people living in 44 different countries are part of the economy of Europe….The Poorest Countries In Europe.

Rank Country Per Capita Income (USD)
1 Ukraine 2,963.47
2 Moldova 3,217.72
3 Kosovo 4,402.56
4 Albania 5,288.86

What is the EU’s GDP 2019?

In 2019, the gross domestic product (GDP) of the European Union (EU) stood at around €13 900 billion at current prices. In real terms, the EU’s GDP in 2019 was 17% higher than its level one decade earlier.

Is GDP of EU larger than US?

According to estimates by World Bank from 1966 to 2019, the US has higher gdp for 41 years, and European Union has higher gdp for 12 years.

What is the GDP of European Union in 2022?

GDP in European Union is expected to reach 16200.00 USD Billion by the end of 2022, according to Trading Economics global macro models and analysts expectations.

Which EU countries had the highest GDP in 2018?

List of nominal GDP for European countries in billion USD

Country 2018
1 Germany 3,951.340
2 United Kingdom 2,828.833
3 France 2,780.152
4 Italy 2,075.856

What are the top 10 poorest countries in Europe?

Top 10 Poorest Countries in Europe (by 2020 GDP per capita, Atlas method, current US$)**

  • Kosovo (partially recognized) – $4,287.
  • Moldova – $4,551.
  • Albania – $5,215.
  • North Macedonia – $5,888.
  • Bosnia And Herzegovina – $6,032.
  • Belarus – $6,411.
  • Serbia – $7,666.
  • Montenegro – $7,686.

Is EU richer than China?

In 2020, average per capita GDP of EU is about 3.6 times of Chinas while the figure of the US is about 6 times of Chinas. In 2021, China’s GDP per capita was around $12,551, according to the NBS, nearing that of a “high-income country” as defined by the World Bank and overtaking the global average GDP per capita.

Who is richer EU or US?

What is EU GDP 2021?

approximately 14.45 trillion euros
In 2021 the gross domestic product of the European Union amounted to approximately 14.45 trillion euros.

Which country has highest GDP in 2017?

United States
Population figures based on United Nations data….GDP by Country.

# 1
Country United States
GDP (nominal, 2017) $19,485,394,000,000
GDP (abbrev.) $19.485 trillion
GDP growth 2.27%