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.

GDP in European Union is expected to be 19100.00 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 20400.00 USD Billion in 2020, according to our econometric models.

European Union GDP
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European Union GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.40 1.60 4.50 -5.40 percent [+]
GDP 18748.57 17344.92 19163.62 359.02 USD Billion [+]
Gross Fixed Capital Formation 781139.90 802319.80 802319.80 507482.20 EUR Million [+]
GDP Constant Prices 3668301.50 3662147.60 3668301.50 2402804.50 EUR Million [+]
GDP Growth Rate 0.20 0.50 1.30 -2.70 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 [+]


European Union GDP

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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

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




Country Last Previous
United States 20494.10 Dec/18
Euro Area 13669.95 Dec/18
China 13608.15 Dec/18
Japan 4970.92 Dec/18
Germany 3996.76 Dec/18
United Kingdom 2825.21 Dec/18
France 2777.54 Dec/18
India 2726.32 Dec/18
Italy 2073.90 Dec/18
Brazil 1868.63 Dec/18
Canada 1709.30 Dec/18
Russia 1657.60 Dec/18
South Korea 1619.42 Dec/18
Australia 1432.20 Dec/18
Spain 1426.19 Dec/18
Mexico 1223.81 Dec/18
Indonesia 1042.17 Dec/18
Netherlands 912.87 Dec/18
Saudi Arabia 782.48 Dec/18
Turkey 766.51 Dec/18
Switzerland 705.50 Dec/18
Argentina 518.50 Dec/18
South Africa 366.30 Dec/18
Singapore 364.16 Dec/18


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