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Economy of the European Union
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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. 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.
Paris
Paris
Wind power stations in Cerová, Slovakia
Wind power stations in Cerová, Slovakia
Unemployment rates in selected European countries and in the EU28 between 01/2004 and 04/2014
Unemployment rates in selected European countries and in the EU28 between 01/2004 and 04/2014
The European Union–Mercosur Free Trade Agreement would form one of the world's largest free trade areas.
The European Union–Mercosur Free Trade Agreement would form one of the world's largest free trade areas.
Eurozone
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The euro area, commonly called the eurozone (EZ), is a currency union of 20 member states of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender, and have thus fully implemented EMU policies.
The European Central Bank (seat in Frankfurt depicted) is the supranational monetary authority of the eurozone.
The European Central Bank (seat in Frankfurt depicted) is the supranational monetary authority of the eurozone.