List of European Union countries by GDP

Germany is the largest economy in the European Union, followed by France and Italy. These three together make up over half of the European Union economy. Spain and the Netherlands complete the top five lists. The top five represent almost 68% share. Malta is the smallest economy in the EU.

Five economies of the European Union would have a GDP above $1 trillion, and 19 would have an economy above $100 billion. Three European Union economies are in the top ten largest economies globally, and 15 economies are within the top 50 world GDP rankings.

Out of 27 economies, the GDP (nominal) of 26 economies would increase, and one would decrease in 2024 compared to 2023. Germany ($183 bn), France ($121 bn), and Spain ($111 bn) will be the top contributors. The Czech Republic is the sole decliner.

In PPP data, the five largest economies of the European Union are Russia, Germany, France, Italy, Spain, and Poland. Six economies would have a GDP above Int. $1 trillion in 2024, and 22 would have an economy above Int. $100 billion. Two European Union economies are in the top ten list, and 12 economies are within the top 50 world GDP rankings.

None of the European Union economies would see a decrease in 2024 compared to 2023. France (Int. $148 bn), Germany (Int. $141 bn), Spain (Int. $136 bn), and Italy (Int. $107 bn) would be the top gainers.

All European Union economies have higher GDP on a PPP basis. Romania has the highest ppp to nominal ratio of 2.35, while Luxembourg has the lowest figure of 1.117.

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GDP (Nominal)

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GDP (PPP)