The Gross Domestic Product (GDP) in European Union was worth 15592.80 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of European Union represents 13.39 percent of the world economy.

GDP in European Union averaged 7272.97 USD Billion from 1966 until 2019, reaching an all time high of 16236.80 USD Billion in 2008 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 2020. source: World Bank

GDP in European Union is expected to reach 12700.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union GDP is projected to trend around 13800.00 USD Billion in 2021 and 14400.00 USD Billion in 2022, according to our econometric models.

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European Union GDP

Actual Previous Highest Lowest Dates Unit Frequency
15592.80 15932.00 16236.80 503.70 1966 - 2019 USD Billion Yearly
Current USD

European Union GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -14.40 -2.70 4.60 -14.40 percent [+]
GDP 15592.80 15932.00 16236.80 503.70 USD Billion [+]
Gross Fixed Capital Formation 780817.20 773602.80 806449.30 506761.30 EUR Million [+]
GDP Constant Prices 3697577.90 3692337.30 3697577.90 2404032.90 EUR Million [+]
GDP Growth Rate -11.90 -3.50 1.30 -11.90 percent [+]
GDP Per Capita 37104.00 36607.50 37104.00 10071.50 USD [+]
GDP Per Capita Ppp 44369.60 43711.30 44369.60 28596.70 USD [+]

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