The Gross Domestic Product (GDP) in European Union was worth 15192.65 billion US dollars in 2020, according to official data from the World Bank. The GDP value of European Union represents 13.46 percent of the world economy. source: World Bank

GDP in European Union averaged 7414.55 USD Billion from 1966 until 2020, reaching an all time high of 16250.52 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 July of 2021.

GDP in European Union is expected to reach 13800.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union GDP is projected to trend around 14400.00 USD Billion in 2022 and 15100.00 USD Billion in 2023, according to our econometric models.

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European Union GDP

Actual Previous Highest Lowest Dates Unit Frequency
15192.65 15634.00 16250.52 503.70 1966 - 2020 USD Billion Yearly
Current USD

European Union GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -1.20 -4.40 4.50 -13.80 percent [+]
GDP 15192.65 15634.00 16250.52 503.70 USD Billion [+]
Gross Fixed Capital Formation 695.84 690.41 746.12 446.00 EUR Billion [+]
GDP Constant Prices 3180.88 3185.50 3333.58 2187.68 EUR Billion [+]
GDP Growth Rate -0.10 -0.40 11.70 -11.10 percent [+]
Gdp Growth Annualized -0.60 -1.50 55.80 -37.70 percent [+]
GDP Per Capita 34688.63 37037.59 37037.59 10065.11 USD [+]
GDP Per Capita Ppp 41504.16 44275.57 44275.57 28502.18 USD [+]

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