This statistic shows gross domestic product (GDP) of the European Union from 2020 to 2030 in billion international dollars. In 2024, the EU's GDP amounted to about 19.41 trillion U.S. dollars. Brexit and the economy of the European Union The European Union is still recovering from the crisis in 2008, but it is by no means making an impressive comeback and 2016 has not started out on the right foot either. Total GDP of the European Union staggered in 2012 and even moreso in 2015. Recent events are also bound to reduce consumer confidence and drag down growth. The year began with the economic slowdown in China and has continued on with the United Kingdom’s decision to leave the European Union. The long term effects this decision is expected to have have an overall negative effect on GDP growth within the European Union. However, the effects will likely hit the UK and Ireland more so. By 2030, it is expected that the GDP growth of the European Union will be negative at around minus 0.36 percent. Even considering an optimistic scenario, GDP of the UK is expected to decrease by 2.72 percent by 2030, as well - a pessimistic forecast even reducing GDP growth to a 7.7 percent decrease. Yet, it is still too early to tell how Brexit will play out in reality, but it will almost certainly impact current future projections of GDP growth in the European Union and the Euro Area.

The real gross domestic product (GDP) of Malta is estimated to have grown by *** percent in 2023 and is projected to grow a further **** percent in 2024, which are the highest growth rates across all European countries for each year. In comparison, Estonia, Austria, Finland, and Ireland all had *************** rates in 2023.

Discover insights on the Europe Solar Repowering Market, including size, share, and forecast trends up to 2030. Stay ahead in renewable energy!

In 2024, the Europe Construction Market reached $2.10 trillion, and it is projected to surge to $2.78 trillion by 2030 due to robust government backing

Explore the Europe Epigenetics Diagnostic Market, projected to reach USD 13 billion by 2030 with a CAGR of 15.8%. Discover key trends, growth drivers, and forecasts for 2030.

The Europe VPX SBC Market is valued at USD 69.9 million in 2024 and is projected to hit USD 159.5 million by 2030, with a CAGR of 13.6% from 2025-2030

Explore the Europe Repowering Market, focusing on renewable energy upgrades, efficiency improvements, and the transition to sustainable power solutions.

The Europe data center market size was valued at USD 47.23 billion in 2024 and is expected to reach USD 97.30 billion by 2030, growing at a CAGR of 12.80% during the forecast period.

The Europe HVAC market size was valued at USD 68.80 billion in 2024 and is expected to reach USD 99.27 billion by 2030, growing at a CAGR of 6.30% during the forecast period.

The Europe 4WD UTV Market is valued at USD 1631.1 million in 2024, and is expected to register a revenue to USD 2596.6 million by 2030, with a CAGR of 7.4%.

Europe Anti-foaming Agents Market, valued at USD 1.24 Bn in 2024, is projected to reach USD 1.64 Bn by 2030, driven by oil and gas sector expansion

Discover the Europe Restaurant POS Software Market, poised to grow from USD 1.77B in 2024 to USD 2.79B by 2030, with a CAGR of 7.88%.

The Europe Fintech Market is Segmented by Service Proposition (Digital Payments, Digital Lending and Financing, Digital Investments, Insurtech, and Neobanking), by End-User (Retail and Businesses), by User Interface (Mobile Applications, Web / Browser, and POS / IoT Devices), and by Country (United Kingdom, Germany, France, Spain, Italy and More). The Market Forecasts are Provided in Terms of Value (USD).

Europe Wafer fab equipment market will be USD 21453.66 million in 2024 and expand at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030

Discover the growth of the Europe Luxury Eyewear Market, valued at USD 6,611M in 2024, expected to hit USD 8,013M by 2030, with a 4.11% CAGR.

Europe Plasma Cutting Machine market size was $175.73 Million in 2024 and it is forecasted to reach $236.84 Million by 2030.

Europe Olefin Fiber Market is Growing at Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2030

The Europe data center construction market by investment was valued at USD 11.60 billion in 2024 and is expected to reach USD 32.27 billion by 2030, growing at a CAGR of 18.58% during the forecast period.

The Europe Postal Services Market is Segmented by Service Type (Express Postal Service and Standard Postal Service), by Item Type (Letters and Parcels), by Destination (Domestic and International), by Country (Germany, United Kingdom, France, Italy, Spain, Netherlands, Nordics (Sweden, Denmark, Norway, Finland) and Rest of Europe (incl. Eastern Europe & Balkans)). The Market Forecasts are Provided in Terms of Value (USD).

Europe Construction Market was valued at USD 2,752.75 Billion in 2024 and is expected to reach at USD 3658.79 Billion in 2030 and project robust growth in the forecast period with a CAGR of 4.7% through 2030.