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How big is the EU economy?

In terms of the total value of all goods and services produced (GDP), it is bigger than the US economy. EU GDP in 2017: €15.3 trillion


Over 64 % of EU countries’ total trade is done with other countries in the bloc. With just 6.9 % of the world’s population, EU trade with the rest of the world accounts for some 15.6 % of global imports and exports.

  • Together with the United States and China, the EU is one of the 3 largest global players in international trade.
  • The 28 EU countries had the second largest share of global imports and exports of goods in 2016.
  • Their exports amounted to 15.6 % of the world’s total, though in 2014 these were surpassed for the first time in the EU’s existence by those of China (16.1 % in 2014, rising to 17.0 % in 2016). However, they remained ahead of the US (11.8 %).
  • The US had a larger share of world imports (17.6 %) than either the EU countries (14.8 %) or China (12.4 %).