What is the GDP of European Union?
around $17.9 trillion
The European Union’s GDP was estimated to be around $17.9 trillion (nominal) in 2020, representing around 1/6 of the global economy. 447,706,209 (EU27, 1 January 2020 prov. est.) (2016 est.)
Is EU biggest economy in the world?
The EU is the largest economy in the world. Although growth is projected to be slow, the EU remains the largest economy in the world with a GDP per head of €25,000 for its 440 million consumers. The EU is the world’s largest trading bloc.
Where does Eurostat data come from?
Eurostat does not collect data. This is done in EU coutnries by their statistical authorities. They verify and analyse national data and send them to Eurostat. Eurostat’s role is to consolidate the data and ensure they are comparable, using harmonised methodology.
Is USA or EU richer?
According to estimates by World Bank from 1966 to 2019, the US has higher gdp for 41 years, and European Union has higher gdp for 12 years.
How do I use Eurostat data?
The majority of Eurostat’s statistics may be accessed from the data navigation tree; alternatively, click on ‘Data > Database’ in the top menu bar of most webpages on the Eurostat website. The data navigation tree is based on the nine statistical themes presented above and is collapsible and expandable.
How is Eurostat data collected?
Who is Germany’s biggest export market?
United States
List of the largest trading partners of Germany
| Rank | Country | Export (2019) |
|---|---|---|
| 1. | United States | 118.68 |
| 2. | France | 106.56 |
| 3. | China | 95.98 |
| 4. | Netherlands | 91.53 |
What percentage of UK trade is outside the EU?
Taken as a bloc, the EU is the UK’s largest trading partner. In 2020 the EU accounted for 46% of the UK’s total trade – 42% of UK exports and 50% imports. Looking at individual countries, the the USA is the UK largest trading partner, accounting for just over a fifth of UK exports and 13% of imports in 2020.