The Gross Domestic Product (GDP) in European Union was worth 16641.39 billion US dollars in 2022, according to official data from the World Bank. The GDP value of European Union represents 7.40 percent of the world economy. source: World Bank
GDP in European Union averaged 7762.05 USD Billion from 1966 until 2022, reaching an all time high of 17187.87 USD Billion in 2021 and a record low of 503.70 USD Billion in 1966. This page provides the latest reported value for - European Union GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. European Union GDP - values, historical data and charts - was last updated on September of 2023.
GDP in European Union is expected to reach 16775.00 USD Billion by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union GDP is projected to trend around 16993.00 USD Billion in 2024 and 17264.00 USD Billion in 2025, according to our econometric models.