The Gross Domestic Product (GDP) in European Union was worth 18748.57 billion US dollars in 2018. The GDP value of European Union represents 30.24 percent of the world economy. GDP in European Union averaged 7622.67 USD Billion from 1960 until 2018, reaching an all time high of 19163.62 USD Billion in 2008 and a record low of 359.02 USD Billion in 1960. source: World Bank

GDP in European Union is expected to be 19700.00 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 21000.00 USD Billion in 2020, according to our econometric models.

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European Union GDP

Actual Previous Highest Lowest Dates Unit Frequency
18748.57 17344.92 19163.62 359.02 1960 - 2018 USD Billion Yearly
Current USD

European Union GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.40 1.40 4.60 -5.50 percent [+]
GDP 18748.57 17344.92 19163.62 359.02 USD Billion [+]
Gross Fixed Capital Formation 804517.10 811939.60 811939.60 507341.10 EUR Million [+]
GDP Constant Prices 3688706.30 3677723.10 3688706.30 2404101.50 EUR Million [+]
GDP Growth Rate 0.30 0.20 1.30 -2.80 percent [+]
GDP Per Capita 37417.00 36757.10 37417.00 10071.50 USD [+]
GDP Per Capita Ppp 38076.00 37351.80 38076.00 24868.00 USD [+]