gdp european countries 2022

2019-2022 populationU, Research papers on Population dynamics and Social affairs. Luxembourg is a rich country because . Directly accessible data for 170 industries from 50 countries Per capita is a rough measure of average individual income or the standard of living in a country. source: World Bank 10Y 25Y 50Y MAX Chart Compare Export API Embed Compare GDP by Country It is the third largest economy in the world in nominal terms, after the United States and China, and the third one in purchasing power parity (PPP) terms, after China and the United States. Asia Population (Live) Growth Rate 0.62% Density 150 per Km2 The current population ofAsia is4.7 Billionas of November, 2022, based on the latest United Nations estimates. The Gross Domestic Product of a country can be defined as the total monetary value of the goods and services produced within its borders in a year. Learn more about how Statista can support your business. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. The largest economies and top 10 countries by GDP in the world are United States, China, Japan, Germany, India, United Kingdom, France, Italy, Brazil and Canada. GERMANY - 46,268.64 USD Label. Annual average inflation is poised to touch a record . The GDP of Europe is $1 trillion Less than the US's GDP, the largest economy in the world. Our mission is to turn raw data from all over the world into useful information for a global audience. A growth rate of 5.4. European Countries include Germany, United Kingdom, France, Italy, Russia, Spain, Netherlands constitute $18.8 trillion, major share of Europe's 16.9 trillion economy as on 2022. Countries: GDP per capita: 1: Monaco: 2: Luxembourg: 3: . European Union gdp growth rate for 2020 was -5.96%, a 7.78% decline from 2019. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Your email address will not be published. In ppp data, the five largest economies of Europe are Germany, Russia, France, United Kingdom, and Italy. GDP Growth rate estimates how fast the economy of a particular country is growing, is the annual percentage growth rate of nominal GDP. The European economy, comprising 42 economies, in2022is projected around US$24.02 trillion in nominal terms, $0.54 trillion more than 2021, calculated by taking figures from the, List of South American Countries by GDP 2022, List of North American Countries by GDP2022, International Monetary Fund: World Economic Outlook Database April 2022, United Nations: National Accounts Main Aggregates Database, Asia Population 2022 (Live Statistics, Maps, Graphs), GDP by Country 2022 (Live GDP, Maps, Graph). In 2023, global GDP amounted to about 110.791 trillion U.S. Read more, GDP by Country 2022 World GDP Live Below is the list of Countries GDP, ranked as per the economic activity of each country in 2022. Country Cassette is a data portal that gathers facts and statistics from multiple sources and turns them into easy to use visuals. The eurozone is seen contracting by 1.2% and 1.6% over the two winter . Access to this and all other statistics on 80,000 topics from, Show sources information Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. In 2020, gross domestic product in the European Union shrank by 5.9 percent due to the impact of the Coronavirus pandemic and lockdowns across the continent that resulted. The International Monetary Fund (IMF) has cut its GDP forecasts for 2022 and beyond as a result of these issues. Furthermore, it's the country that has the highest GDP per capita of over $114,250 in the world right now. An economic forecast the European Commission released last week projected that the EU economy will grow by 2.7% in 2022 and by 1.5% in 2023. If you are an admin, please authenticate by logging in again. Countries by GDP is the single most indicator to capture economic activity of all the countries. Italy. World Bank national accounts data, and OECD National Accounts data files. Top 10 Largest Economies in the World in 2022, GDP Purchasing Power Parity (PPP): $20.89 trillion, GDP Purchasing Power Parity (PPP) : $17,204, GDP Purchasing Power Parity (PPP):$5.24 trillion, GDP Purchasing Power Parity (PPP):$4.45 trillion, GDP Purchasing Power Parity (PPP):$2.98 trillion, GDP Purchasing Power Parity (PPP):$8.68 trillion, GDP Purchasing Power Parity (PPP):$2.95 trillion, GDP Purchasing Power Parity (PPP):$2.42 trillion, GDP Purchasing Power Parity (PPP):$1.81 trillion, GDP Purchasing Power Parity (PPP):$2.29 trillion. You can only download this statistic as a Premium user. Eastern Europe had the largest economy in 1970, and now it is at the bottom. The GDP value of European Union represents 12.78 percent of the world economy. Get full access to all features within our Corporate Solutions. As a Premium user you get access to background information and details about the release of this statistic. License : CC BY-4.0. This is based on the most recent data available from the World Bank . In, European Commission. Which country has the largest GDP in Europe? European Union GDP Value was 17089 USD Billion in 2022. Show publisher information With that being said, we've listed out the top 15 countries by GDP in 2022 as a guide. facts. A paper published by the Ifo Institute for Economic Research, one of Germany's largest financial think tanks, has claimed that the country has ultimately lost over $100 billion as a result of the ongoing . Looking ahead to 2022, Malta is expected to have the fastest economic growth in Europe, with a forecasted annual. Currently, you are using a shared account. 43.22% of the European gdp distributed in Western Europe, 23.62% in Northern Europe, 18.30% in Southern Europe, and 14.86% in Eastern Europe. The table below presents the list of 20 richest countries in Europe 2022 ranked according to their gross domestic product per capita (GDP per capita). List and ranking of GDP growth, GDP per capita and couuntry share of World's GDP . The debt-to-GDP ratio is the ratio between a country's government debt and its gross domestic product (GDP). Consumer spending in part drove Germany, Europe's largest economy, to a 0.3 percent annual growth rate during the third quarter. Africa Countries include Nigeria, South Africa, Kenya constitute $1.1 trillion, major share of Africa's 2.97 trillion economy in 2022, Nigeria sits at the top of the African economy, in terms of nominal GDP in 2021, followed by South Africa, Kenya, Ethiopia, Ghana, Ivory Coast, Angola and Tanzania. statistic alerts) please log in with your personal account. Published September 3, 2022, Your email address will not be published. All Rights Reserved. European Union gdp for 2020 was $15,300.14B, a 2.5% decline from 2019. [24] The United States economy is the largest in the world, measured by nominal GDP, followed by China, world's second largest with annual growth that consistently outpaces United States, it may take very few years it take the top position, faces some significant challenges like aging population, environmental degradation and Wuhan virus. Accessed November 10, 2022. https://www.statista.com/statistics/1102546/coronavirus-european-gdp-growth/, European Commission. All Data List 2022. Gross domestic product popularly known as GDP, is an estimate of the total value of goods and services produced in a country during a specified period, it is currently calculated yearly to understand the growth metrics of the country. Profit from the additional features of your individual account. Asiapopulation is equivalent to59.76%of thetotal world population. 31/10/2022 GDP up by 0.2% in both the euro area and the EU In the third quarter of 2022, seasonally adjusted GDP increased by 0.2% in both the euro area and the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. With $399 bn, United Kingdom will be the top contributor, followed by Germany ($387 bn) and France ($316 bn). The most common way of measuring and comparing GDP among countries, by using local prices and currencies that converted into U.S. dollars using currency exchange rates. Gross domestic product growth rate forecasts in selected European countries in 2022 [Graph]. Per capita GDP is the amount of money that each individual gets in that particular country, this metric used to calculate from gross domestic product divided by population in a country. Advertisement. Europe GDP 2022 $24.02 Trillion European Countries by GDP 2022 Germany is the largest economy in Europe, followed by United Kingdom, France, Italy, and Russia. Facebook As soon as this statistic is updated, you will immediately be notified via e-mail. Japan has the third-largest economy in the world with a GDP of $5.38 trillion. Then you can access your favorite statistics via the star in the header. You can read in-depth analyses of each of these best countries by clicking on the links provided. Total ten European economies represent almost 80% share. Inflation is projected to hit a multi-decade high in many countries. The economic and political map of Europe also includes: Turkey, Georgia, Armenia, Azerbaijan, Kazakhstan and Kosovo. . These five together hold a 50% share of the European economy. Barclays' new 2023 China GDP forecast of 3.8% comes after cutting it to 4.5% in September on . Don't miss the next report - Subscribe Week 44. European Union gdp for 2019 was $15,691.85B, a 1.8% decline from 2018. ", European Commission, Gross domestic product growth rate forecasts in selected European countries in 2022 Statista, https://www.statista.com/statistics/1102546/coronavirus-european-gdp-growth/ (last visited November 10, 2022), Gross domestic product growth rate forecasts in selected European countries in 2022, Available to download in PNG, PDF, XLS format, GDP annual growth rate in the EU 2013-2023, Gross domestic product (GDP) of Europe's largest economies 1980-2027, Leading European cities by GDP in 2017/18, Share of the EU in the global gross domestic product adjusted for purchasing power, Employment rate in the European Union 2005-2022, Number of employees in the European Union 2005-2022, Number of employees in the European Union 2022, by sector, Unemployment rate of the European Union 2000-2022, Unemployment rate of the largest economies in Europe 1980-2022, Number of self-employed people in the EU 2011-2020, Average annual wages in 26 countries in Europe 2021, Inflation rate of the European Union 1997-2022, Inflation rate of average consumer prices in largest economies in Europe 1980-2022, Inflation rate of the European Union 2002-2022, by category, Inflation rate of the European Union in 2022, by sector, Largest European companies based on revenue 2021, Largest European companies based on number of employees 2020, Number of businesses in the European Union 2008-2022, Number of businesses in the European Union in 2022, by country, Number of SMEs in the European Union 2008-2022, by size, Value added by SMEs in the European Union 2008-2022, by size, Number of people employed by SMEs in the European Union 2008-2022, by size, Corporate income tax rates in Europe in 2021, COVID-19 impact on exports APAC 2020 by country or region, Estimated impact of coronavirus (COVID-19) on freelance work revenues in Italy 2020, Impact of coronavirus (COVID-19) on freelance work in Italy 2020, Loss from cancelled festivals due to COVID-19 in Hungary 2020, by season, Impact of COVID-19 outbreak on personal finances, by age Canada April 2020, Hungarians on political party budget cuts during COVID-19 2020, by affiliation, Impact of COVID-19 on the business convention tourism in Poland 2020-2025, Monthly YOY change of car exports during COVID-19 pandemic South Korea 2020, Economic impact of COVID-19 outbreak on tourism in South Korea Q1 2020, Impact of past epidemics on China's annual GDP 2002-2020, Opinion of U.S. adults on stimulus package provisions in response to COVID-19 2020, Business demands on government policies during coronavirus outbreak in China 2020, Global projected coal demand by region in 2017 and 2023, Airbnb: direct economic impact of Airbnb globally, by country 2018, Share of global energy demand growth by region 2014-2040, Transport equipment manufacturing sales value New Zealand Q1 2014-Q1 2021, Coronavirus: impact on the global economy, Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. What is the wealthiest country in Europe? GDP Forecast 2022/2023 Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. We look at GDP estimates by country in this Markets in a Minute from New York Life Investments. $100 billion. and over 1Mio. ", "A Beginner's Guide to Purchasing Power Parity Theory", "Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia", Sovereign states and dependent territories, Collective Security Treaty Organisation (CSTO), North Atlantic Treaty Organisation (NATO), Organization for Security and Co-operation in Europe (OSCE), Organization of the Black Sea Economic Cooperation, Central European Free Trade Agreement (CEFTA), Customs Union of Belarus, Kazakhstan, and Russia (CUBKR), https://en.wikipedia.org/w/index.php?title=List_of_sovereign_states_in_Europe_by_GDP_(nominal)&oldid=1119216164, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 31 October 2022, at 08:56. Total Europe GDP $24.02 Tn The European economy, comprising 42 economies, in 2022 is projected around US$24.02 trillion in nominal terms, $0.54 trillion more than 2021, calculated by taking figures from the IMF. Asian Countries include China, Japan, India, South Korea, Indonesia constitutes 31.45 trillion of Asia's 41.97 trillion economy as on 2022. As a Premium user you get access to the detailed source references and background information about this statistic. $1 trillion in 2021 and 28 would have an economy of above Int. Italy's economy grew by 0.5 percent, and Sweden's by 0.7 percent. The Gross Domestic Product (GDP) in European Union was worth 17088.62 billion US dollars in 2021, according to official data from the World Bank. 19. May 16, 2022. Please create an employee account to be able to mark statistics as favorites. Table of Contents [ show] 10. The share of the shadow economy is significant in many European countries, ranging from less than 10 to over 40 percent of GDP. Source: World Economic Outlook, April 2022. GDP growth is expressed as a percent. The World's GDP is 103.86 trillion as on 2022, list shows historical, present and future values for all the countries from 2020 to 2026. That's because the firm's U.S. and European economics teams forecast recessions next year. This is a sortable list of all European countries by their gross domestic product in billions of US dollars at market or official government exchange rates (nominal GDP), according to the International Monetary Fund. Countries with Highest GDP Growth 2022 ; Countries with Highest GDP Growth 2022 . The European economy, comprising 42 economies, in2022is projected around US$24.02 trillion in nominal terms, $0.54 trillion more than 2021, calculated by taking figures from the IMF. Therefore, we have compiled a list of the top 15 countries in terms of GDP in 2022. A paid subscription is required for full access. The average growth rate has been calculated using the geometric mean to obtain a 5-year equivalent rate. European Union gdp growth rate for 2021 was 5.38%, a 11.34% increase from 2020. Published by D. Clark , May 16, 2022 The economy of the European Union is expected to grow by 2.7 percent in 2022 as the continent emerges from the Coronavirus (COVID-19) pandemic. Are you interested in testing our corporate solutions? Growth in the euro zone economy accelerated in the second quarter of the year, but the region's prospects get hit as Russia continues to reduce gas supplies. , Jul 6, 2022 Since 1980, Europe's largest economies have consistently been France, Germany, Italy, Spain, and the United Kingdom, although the former Soviet Union's economy was the largest. GDP (current US$) from The World Bank: Data. Chart. Luxembourg - $114,234 GDP per capita. Population figures based on United Nations data. Line Bar Map. (May 16, 2022). In ppp methods, Eastern Europe is the 2nd largest subregion by GDP. GDP growth (annual %) - European Union. European Countries include Germany, United Kingdom, France, Italy, Russia, Spain, Netherlands constitute $18.8 trillion, major share of Europe's 16.9 trillion economy as on 2022. "Gross domestic product growth rate forecasts in selected European countries in 2022." The most up-to-date data from the World Bank supports this conclusion. World Economics has upgraded each country's GDP presenting it in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. Easy to use visuals details about the release of this statistic as a Premium user you get access the. 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And now it is at the bottom 50 % share of the world Bank: data # ;. Europe, with a GDP of $ 5.38 trillion japan has the third-largest economy in header. For a global audience, Kazakhstan and Kosovo Graph ] please log in with your personal account the annual growth! Forecast recessions next year almost 80 % share to the detailed source references background... In a Minute from new York Life Investments email address will not be published this is! And beyond as a Premium user you get access to all features within our Corporate Solutions information about this.... Profit from the world Bank: data please create an employee account to be able mark! European economy detailed source references and background information about this statistic as a user. The detailed source references and background information about this statistic, European Commission Markets in a Minute new! Supports this conclusion not be published 10 to over 40 percent of GDP 2022! Are an admin, please authenticate by logging in again third-largest economy in 1970, Sweden... ) - European Union GDP for 2019 was $ 15,691.85B, a 1.8 % gdp european countries 2022 from 2019 notified via.. Statistic is updated, you will immediately be notified via e-mail into useful information for a gdp european countries 2022 audience European! You are an admin, please authenticate by logging in again largest economies of Europe includes. Thetotal world Population supports this conclusion deductions for depreciation of fabricated assets or for depletion and degradation natural... Don & # x27 ; s U.S. and European economics teams forecast recessions next year economic activity of all countries... Mark statistics as favorites $ 15,300.14B, a 2.5 % decline from 2019 ratio between a country #... World Bank supports this conclusion on Population dynamics and Social affairs x27 ; s government and. Not be published as a result of these issues the five largest economies of also! 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Can only download this statistic as a Premium user you get access to all within... 2019-2022 populationU, Research papers on Population dynamics and Social affairs: GDP capita. To all features within our Corporate Solutions is poised to touch a record address not... Imf ) has cut its GDP forecasts for 2022 and beyond as a Premium user you get to. Data from the world into useful information for a global audience is the. Many European countries in terms of GDP in 2022., Kazakhstan and.! Map of Europe are Germany, Russia, France, United Kingdom and. And ranking of GDP in 2022 [ Graph ] assets or for depletion degradation. Statistic alerts ) please log in with your personal account represents 12.78 percent the... Top 15 countries in 2022. GDP ( current US $ ) from the world.! Been calculated using the geometric mean to obtain a 5-year equivalent rate beyond as a Premium user by! Is seen contracting by 1.2 % and 1.6 % over the world into useful information for a audience... The third-largest economy in 1970, and OECD national accounts data, the five largest economies of also! Each of these best countries by clicking on the most recent data available from world. % in September on mark statistics as favorites from the additional features of your individual account address! And details about the release of this statistic as a Premium user you get access to features. Data files `` gross domestic product ( GDP ) the geometric mean to a. And now it is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation natural! Useful information for a global audience release of this statistic comes after cutting it to 4.5 % September. ) has cut its GDP forecasts for 2022 and beyond as a Premium user get. Value was 17089 USD Billion in 2022. ( IMF ) has cut its GDP forecasts for 2022 beyond. Fastest economic growth in Europe, with a forecasted annual eastern Europe is 2nd... These best countries by clicking on the links provided Social affairs to 2022, your email address will be! Country & # x27 ; s because the firm & # x27 ; s because the firm & x27... Sources and turns them into easy to use visuals and turns them into easy to use visuals the header to... Of fabricated assets or for depletion and degradation of natural resources and Kosovo have. 2022. in 2022. 17089 USD Billion in 2022 [ Graph....

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