The Gross Domestic Product (GDP) in European Union was worth 17277.70 billion US dollars in 2017. The GDP value of European Union represents 27.87 percent of the world economy. GDP in European Union averaged 7421.83 USD Billion from 1960 until 2017, reaching an all time high of 19137.01 USD Billion in 2008 and a record low of 359.03 USD Billion in 1960.
GDP in European Union is expected to be 17900.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union GDP is projected to trend around 18700.00 USD Billion in 2020, according to our econometric models.