The Gross Domestic Product (GDP) in European Union was worth 19423.32 billion US dollars in 2024, according to official data from the World Bank. The GDP value of European Union represents 18.29 percent of the world economy. source: World Bank
GDP in European Union averaged 7462.36 USD Billion from 1960 until 2024, reaching an all time high of 19423.32 USD Billion in 2024 and a record low of 284.94 USD Billion in 1960. 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 February of 2026.
GDP in European Union is expected to reach 19676.00 USD Billion by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union GDP is projected to trend around 19971.00 USD Billion in 2027 and 20251.00 USD Billion in 2028, according to our econometric models.