Key information about European Union Total Imports from USA

• European Union Total Imports from USA recorded 28.779 USD bn in Dec 2024, compared with 29.740 USD bn in the previous month
• European Union Total Imports from USA data is updated monthly, available from Jan 2002 to Dec 2024, with an averaged value of 18.013 USD bn
• The data reached an all-time high of 34.191 USD bn in Dec 2023 and a record low of 10.341 USD bn in Sep 2002

Key information about EU Current Account Balance

• European Union Current Account recorded a surplus of 133.2 USD bn in Dec 2024, compared with a surplus of 139.5 USD bn in the previous quarter.
• EU Current Account Balance: USD mn data is updated quarterly, available from Mar 1999 to Dec 2024, with an averaged value of 30.4 USD bn.
• The data reached an all-time high of 161.3 USD bn in Sep 2017 and a record low of -77.5 USD bn in Jun 2008.
• CEIC converts quarterly Current Account Balance into USD. Eurostat provides Current Account Balance in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.
• Foreign Direct Investment (FDI) increased by 4.8 USD bn in Nov 2024.
• EU Direct Investment Abroad expanded by 7.2 USD bn in Nov 2024.
• Its Foreign Portfolio Investment increased by 239.3 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 4,430.4 USD bn in Mar 2023.

Key information about EU's Trade Balance

• EU's Trade Balance recorded a surplus of 13.5 USD bn in Dec 2024, compared with a surplus of 10.8 USD bn in the previous month
• EU's Trade Balance data is updated monthly, available from Jan 2002 to Dec 2024, with an averaged value of 5.2 USD bn
• The data reached an all-time high of 31.0 USD bn in Dec 2020 and a record low of -57.1 USD bn in Aug 2022

• In the latest reports, EU's Total Exports reached 228.1 USD bn in Dec 2024, an increase of 1.8% YoY (year-on-year)
• Total Imports recorded 214.6 USD bn in Dec 2024, an increase of 1.8% YoY (year-on-year)

Inflation Rate In the Euro Area remained unchanged at 2 percent in July. This dataset provides the latest reported value for - Euro Area Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about European Union National Government Debt

• European Union National Government Debt reached 16,136.9 USD bn in Sep 2024, compared with 15,321.8 USD bn in the previous quarter.
• EU National Government Debt data is updated quarterly, available from Mar 2000 to Sep 2024.
• The data reached an all-time high of 16,136.9 USD bn in Sep 2024 and a record low of 4,554.4 USD bn in Jun 2001.

• In the latest reports, EU Consolidated Fiscal Balance recorded a deficit equal to 3.5 % of its Nominal GDP in Dec 2023.
• The country's Government debt accounted for 81.6 % of its Nominal GDP in Sep 2024.
• EU Nominal GDP reached 4,430.4 USD bn in Mar 2023.

Key information about European Union GDP Per Capita

• European Union Gross Domestic Product (GDP) per Capita reached 38,454.191 USD in Dec 2021, compared with 34,402.825 USD in Dec 2020.
• EU GDP Per Capita data is updated yearly, available from Dec 1999 to Dec 2021, with an average number of 33,135.176 USD.
• The data reached an all-time high of 38,454.191 USD in Dec 2021 and a record low of 16,892.743 in Dec 2000.
• CEIC calculates GDP per Capita from quarterly Nominal GDP and annual Population and converts it into USD. Eurostat provides Nominal GDP in EUR and Population. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.

• In the latest reports, EU GDP expanded 1.264 % YoY in Mar 2023.
• EU Nominal GDP reached 4,140.452 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.144 % in Dec 2022.
• Gross Savings Rate of EU was measured at 25.835 % in Dec 2022.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Electricity prices in Europe are expected to remain volatile through 2025, with Italy projected to have some of the highest rates among major European economies. This trend reflects the ongoing challenges in the energy sector, including the transition to renewable sources and the impact of geopolitical events on supply chains. Despite efforts to stabilize the market, prices in countries like Italy are forecast to reach ****** euros per megawatt hour by February 2025, indicating persistent pressure on consumers and businesses alike. Natural gas futures shaping electricity costs The electricity market's future trajectory is closely tied to natural gas prices, a key component in power generation. Dutch TTF gas futures, a benchmark for European natural gas prices, are projected to be ***** euros per megawatt hour in July 2025. The reduced output from the Groningen gas field and increased reliance on imports further complicate the pricing landscape, potentially contributing to higher electricity costs in countries like Italy. Regional disparities and global market influences While European electricity prices remain high, significant regional differences persist. For instance, natural gas prices in the United States are expected to be roughly one-third of those in Europe by March 2025, at **** U.S. dollars per million British thermal units. This stark contrast highlights the impact of domestic production capabilities on global natural gas prices. Europe's greater reliance on imports, particularly in the aftermath of geopolitical tensions and the shift away from Russian gas, continues to keep prices elevated compared to more self-sufficient markets. As a result, countries like Italy may face sustained pressure on electricity prices due to their position within the broader European energy market.

Key information about European Union Total Exports

• European Union Total Exports recorded 228.1 USD bn in Dec 2024, compared with 231.0 USD bn in the previous month
• EU Total Exports data is updated monthly, available from Jan 2002 to Dec 2024, with an averaged value of 181.3 USD bn
• The data reached an all-time high of 237.3 USD bn in Aug 2024 and a record low of 71.9 USD bn in Feb 2002

• In the latest reports, EU Total Exports grew 2.8 % YoY in Dec 2024
• Total Imports recorded 214.6 USD bn in Dec 2024, which registered an increase of 1.8 % year on year
• EU Trade Balance recorded a surplus of 13.5 USD bn in Dec 2024

Europe Motor Home Market was valued at USD 15.48 Billion in 2024 and is projected to reach USD 26.89 Billion by 2032, growing at a CAGR of 7.2% from 2026 to 2032.

Key Market Drivers:

Rising Popularity of Outdoor Travel: The demand for motorhomes in Europe is rising as more individuals seek flexible, self-sufficient travel options. According to Eurostat, in 2023, the number of motorhome registrations in the EU increased by 8.2% from the previous year, highlighting the growing interest in RV tourism. This trend is driven by the desire for safe and remote travel options post-pandemic.

Growing Preference for Sustainable Tourism: Sustainability is increasingly a priority for consumers, contributing to the growth of the motorhome market. As reported by the European Environment Agency (EEA) in 2023, over 40% of Europeans are opting for environmentally friendly travel solutions, which include electric or hybrid motorhomes.

Europe Travel Insurance Market size was valued at USD 9.5 Billion in 2024 and is projected to reach USD 21.1 Billion by 2032, growing at a CAGR of 10.8% from 2026 to 2032.

Key Market Drivers:

Rising International Travel Volumes in Europe: Eurostat estimates that international tourist visits in EU nations will reach 594 million in 2023, up 15% from 2022. The European Travel Commission forecasts that intra-European travel will increase by 22% in 2023, with travelers selecting insurance coverage.

Growing Awareness of Travel Dangers After the Epidemic: The European Union Aviation Safety Agency (EASA) reported 2,300 flight disruptions in 2023, affecting more than 2 million passengers. In 2023, the European Consumer Centre Network handled 150,000 travel-related complaints, 45% of which were about trip cancellations and delays, boosting demand for comprehensive travel insurance.

Key information about European Union Total Exports to USA

• European Union Total Exports to USA recorded 47.558 USD bn in Dec 2024, compared with 48.843 USD bn in the previous Nov 2024
• EU Total Exports to USA data is updated monthly, available from Jan 2002 to Dec 2024, with an averaged value of 27.377 USD bn
• The data reached an all-time high of 50.474 USD bn in Aug 2024 and a record low of 14.685 USD bn in Feb 2002

Europe Polyethylene Terephthalate (PET) Market size was valued at USD 9.3 Billion in 2024 and is projected to reach USD 11.8 Billion by 2032, growing at a CAGR of 3.02% from 2026 to 2032.

Key Market Drivers:

Increasing Beverage Industry and Bottled Water Consumption: The growing beverage industry, notably bottled water usage, is fueling PET demand in Europe. According to Eurostat, the EU's bottled water production volume will reach 52.7 billion liters in 2023, with an average annual consumption of 118 liters per person. The European Federation of Bottled Waters (EFBW) reported that PET bottles account for almost 85% of all water packaging materials used in the EU.

Europe Consulting Services Market size was valued at USD 4.3 Billion in 2024 and is projected to reach USD 5.6 Billion by 2032 growing at a CAGR of 3.4% from 2026 to 2032. Key Market Drivers:Digital Transformation Acceleration: In accordance to the European Commission's Digital Economy and Society Index (DESI), 68% of European firms plan to increase their investment in digital transformation services in 2023. Based on data from Eurostat, European businesses spent USD 112.40 billion on digital consulting services in 2023, representing a 15.2% increase over the previous year.

Key information about European Union Total Imports

• European Union Total Imports recorded 214.6 USD bn in Dec 2024, compared with a value of 220.3 USD bn in the previous month
• European Union Total Imports data is updated monthly, available from Jan 2002 to Dec 2024, with an average number of 172.1 USD bn
• The data reached an all-time high of 278.8 USD bn in Aug 2022 and a record low of 68.4 USD bn in Jan 2002

• In the latest reports, European Union Total Imports grew 1.8 % YoY in Dec 2024
• Total Exports grew 2.8 % YoY, to 228.1 USD bn in Dec 2024
• European Union Trade Balance recorded a surplus of 13.5 USD bn in Dec 2024

The Europe Hydrated Food Market size was valued at USD 24 Billion in 2024 and is projected to reach USD 32 Billion by 2032, growing at a CAGR of 4% from 2026 to 2032.

Key Market Drivers:

• Health & Wellness Trend Drivers: Consumers are increasingly focused on nutritional value and long-lasting food goods. Supporting Statistics: According to Eurostat, the health food industry in Europe is expected to increase by 8.5% each year, with dehydrated foods playing an important role in addressing consumer desires for healthy, convenient meal choices. The European Union’s agriculture policy predicts a 12.3% growth in consumer expenditure on functional and health-oriented food items between 2020 and 2023.

• Sustainability & Food Waste Reduction Drivers: Increasing environmental awareness and the desire to decrease food waste Supporting Statistic. According to the European Commission’s Farm to Fork Strategy, 20% of overall food output in Europe is lost or wasted.

Europe Security Services Market size was valued at USD 157.1 Billion in 2024 and is projected to reach USD 290.1 Billion by 2032, growing at a CAGR of 8% from 2026 to 2032.

Key Market Drivers

Increased Cybersecurity Threats and Data Breaches: Increased Cybersecurity Threats and Data Breaches are driving the Europe Security Services Market as cyberattacks grow more often and expensive. ENISA estimated a 25% increase in ransomware assaults in 2022, with the average cost of a data breach in Europe reaching €3.5 million. According to the European Commission, 38% of EU enterprises would experience cyberattacks in 2022, up from 31% in 2021, prompting organizations to invest in advanced security solutions.

Growth in IoT and Connected Devices: Growth in IoT and Connected Devices is driving the Europe Security Services Market as the rising number of IoT devices increases cybersecurity risks. Eurostat reported 5.4 billion connected devices in Europe in 2023, with the number predicted to approach 8 billion by 2025.

Key information about European Union Nominal GDP

• European Union Nominal GDP reached 4,141.8 USD bn in Dec 2022, compared with 4,002.8 USD bn in the previous quarter.
• Nominal GDP in EU is updated quarterly, available from Mar 1999 to Dec 2022, with an average number of 3,579.7 USD bn.
• The data reached an all-time high of 4,357.5 USD bn in Jun 2008 and a record low of 1,739.3 USD bn in Dec 2000.

• In the latest reports, EU GDP expanded 1.7 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.2 % in Dec 2022.
• EU GDP Per Capita reached 38,451.0 USD in Dec 2021.
• Its Gross Savings Rate was measured at 26.0 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 24.3 % in Dec 2022.
• Public Consumption accounted for 22.2 % in Dec 2022.
• Private Consumption accounted for 51.8 % in Dec 2022.

The total market value of packaging materials in Europe was ****** billion U.S. dollars in 2022. It is forecast that the European market value will increase considerably, reaching ***** billion U.S. dollars by 2030 across all countries. Germany is expected to lead the market, with a contribution of ***** billion U.S. dollars in 2022 and an estimated ***** billion U.S. dollars in 2030.Additional information on the packaging materials market can be found here.

Key information about EU Gross Fixed Capital Formation

• European Union Gross Fixed Capital Formation was reported at 1,030.078 USD bn in Dec 2024.
• This records a decrease from the previous number of 1,049.941 USD bn for Sep 2024.
• EU Gross Fixed Capital Formation data is updated quarterly, averaging 760.560 USD bn from Mar 1999 to Dec 2024, with 104 observations.
• The data reached an all-time high of 1,049.941 USD bn in Sep 2024 and a record low of 395.381 USD bn in Dec 2000.
• EU Gross Fixed Capital Formation data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Gross Fixed Capital Formation: USD: Quarterly: Seasonally Adjusted.