The economy of the European Union is set to grow by *** percent in 2026, according to forecasts by the European Commission. This marks a significant slowdown compared to previous years, when the EU member states grew quickly in the aftermath of the COVID pandemic. ***** is the country which is forecasted to grow the most in 2026, with an annual growth rate of **** percent. Many of Europe's largest economies, on the other hand, are set to experiencing slow growth or stagnation, with Germany, France, and Italy growing below *** percent.

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 average for 2025 based on 27 countries was 1.76 percent. The highest value was in Malta: 3.9 percent and the lowest value was in Austria: -0.26 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

European Union EU27: DG ECFIN Forecast: Gross Domestic Product (GDP) data was reported at 19,344.280 EUR bn in 2026. This records an increase from the previous number of 18,609.820 EUR bn for 2025. European Union EU27: DG ECFIN Forecast: Gross Domestic Product (GDP) data is updated yearly, averaging 11,092.835 EUR bn from Dec 1993 (Median) to 2026, with 34 observations. The data reached an all-time high of 19,344.280 EUR bn in 2026 and a record low of 5,760.100 EUR bn in 1993. European Union EU27: DG ECFIN Forecast: Gross Domestic Product (GDP) data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Global Database’s European Union – Table EU.DG ECFIN.AMECO: GDP: by Expenditure: Current Price: Forecast.

The Gross Domestic Product (GDP) in European Union expanded 1.60 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - European Union GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Economic Optimism Index in European Union increased to 96.80 points in November from 96.60 points in October of 2025. This dataset provides - European Union Economic Sentiment Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news.

European Union EU27: DG ECFIN Forecast: GDP: DD: FCE: General Government: Collective data was reported at 1,609.788 EUR bn in 2026. This records an increase from the previous number of 1,551.720 EUR bn for 2025. European Union EU27: DG ECFIN Forecast: GDP: DD: FCE: General Government: Collective data is updated yearly, averaging 932.553 EUR bn from Dec 1995 (Median) to 2026, with 32 observations. The data reached an all-time high of 1,609.788 EUR bn in 2026 and a record low of 536.946 EUR bn in 1995. European Union EU27: DG ECFIN Forecast: GDP: DD: FCE: General Government: Collective data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Global Database’s European Union – Table EU.DG ECFIN.AMECO: GDP: by Expenditure: Current Price: Forecast.

European Union EU27: DG ECFIN Forecast: Gross Domestic Product (GDP) per Capita data was reported at 42.598 EUR th in 2026. This records an increase from the previous number of 41.048 EUR th for 2025. European Union EU27: DG ECFIN Forecast: Gross Domestic Product (GDP) per Capita data is updated yearly, averaging 25.636 EUR th from Dec 1995 (Median) to 2026, with 32 observations. The data reached an all-time high of 42.598 EUR th in 2026 and a record low of 14.914 EUR th in 1995. European Union EU27: DG ECFIN Forecast: Gross Domestic Product (GDP) per Capita data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Global Database’s European Union – Table EU.DG ECFIN.AMECO: GDP per Capita: Forecast.

European Union EU27: DG ECFIN Forecast: GDP: GNI: Net National Income data was reported at 15,872.290 EUR bn in 2026. This records an increase from the previous number of 15,242.710 EUR bn for 2025. European Union EU27: DG ECFIN Forecast: GDP: GNI: Net National Income data is updated yearly, averaging 9,257.150 EUR bn from Dec 1995 (Median) to 2026, with 31 observations. The data reached an all-time high of 15,872.290 EUR bn in 2026 and a record low of 5,332.410 EUR bn in 1995. European Union EU27: DG ECFIN Forecast: GDP: GNI: Net National Income data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Global Database’s European Union – Table EU.DG ECFIN.AMECO: GDP: Gross National Income: Current Price: Forecast.

Across the United States, the United Kingdom, Germany, and the European Union, gross domestic products (GDP) decreased in 2020 as a result of the COVID-19 pandemic. However, by 2021, growth rates were positive in all four areas again. The United Kingdom, Germany, and the European Union all experiencing slow economic growth in 2023 amid high inflation, with Germany even seeing an economic recession. GDP and its components GDP refers to the total market value of all goods and services that are produced within a country per year. It is composed of government spending, consumption, business investments and net exports. It is an important indicator to measure the economic strength of a country. Economists rely on a variety of factors when predicting the future performance of the GDP. Inflation rate is one of the economic indicators providing insight into the future behavior of households, which make up a significant proportion of GDP. Projections are based on the past performance of such information. Future considerations Some factors can be more easily predicted than others. For example, projections of the annual inflation rate of the United States are easy to come by. However, the intensity and impact of something like Brexit is difficult to predict. Moreover, the occurrence and impact of events such as the COVID-19 pandemic and Russia's war in Ukraine is difficult to foresee. Hence, actual GDP growth may be higher or lower than the original estimates.

The Gross Domestic Product (GDP) in European Union was worth 19423.32 billion US dollars in 2024, according to official data from the World Bank. The GDP value of European Union represents 18.29 percent of the world economy. This dataset provides the latest reported value for - European Union GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP Growth Annualized in European Union increased to 1.10 percent in the third quarter of 2025 from 0.90 percent in the second quarter of 2025. This dataset provides - European Union Gdp Growth Annualized- actual values, historical data, forecast, chart, statistics, economic calendar and news.

European Union EU27: DG ECFIN Forecast: General Government Gross Debt: Consolidated: % of Nominal GDP data was reported at 83.440 % in 2026. This records an increase from the previous number of 82.964 % for 2025. European Union EU27: DG ECFIN Forecast: General Government Gross Debt: Consolidated: % of Nominal GDP data is updated yearly, averaging 80.671 % from Dec 1997 (Median) to 2026, with 30 observations. The data reached an all-time high of 91.206 % in 2020 and a record low of 62.159 % in 2007. European Union EU27: DG ECFIN Forecast: General Government Gross Debt: Consolidated: % of Nominal GDP data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Global Database’s European Union – Table EU.DG ECFIN.AMECO: General Government Debt: Forecast.

Consumer Confidence in European Union decreased to -13.60 points in November from -13.50 points in October of 2025. This dataset provides the latest reported value for - European Union Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

European Union EU27: DG ECFIN Forecast: Exports: Goods: Extra EU data was reported at 2,796.717 EUR bn in 2026. This records an increase from the previous number of 2,673.680 EUR bn for 2025. European Union EU27: DG ECFIN Forecast: Exports: Goods: Extra EU data is updated yearly, averaging 1,796.782 EUR bn from Dec 2002 (Median) to 2026, with 25 observations. The data reached an all-time high of 2,796.717 EUR bn in 2026 and a record low of 968.096 EUR bn in 2003. European Union EU27: DG ECFIN Forecast: Exports: Goods: Extra EU data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Global Database’s European Union – Table EU.DG ECFIN.AMECO: Trade Statistics: Forecast.

Christodoulakis and Mamatzakis (2009, Journal of Applied Econometrics 24, pp. 583-606) estimate the EU Commission loss preferences for selected economic forecasts of 12 EU Member States. They employ the generalized method of moments (GMM) estimation procedure proposed by Elliott et al. (2005, Review of Economic Studies 72, pp. 1107-1125) and find the forecasts to be somewhat optimistic on average. However, this note shows the GMM estimator to possess nonstandard limiting distributions when some of the instruments are highly persistent, which is the case with one of the instruments employed by Christodoulakis and Mamatzakis. Standard distributions are recovered in some interesting particular cases which are relevant in practice. A reexamination of the EU Commission loss preferences using methods robust to persistence and a dataset extended to 2017 reveals that, while the conclusions of the original study are, by and large, still justified, the EU Commission loss preferences have become more symmetric over the whole studied period.

GDP Deflator in European Union increased to 121.47 points in the second quarter of 2025 from 120.68 points in the first quarter of 2025. This dataset provides - European Union GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in European Union was last recorded at 54290.99 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in European Union, when adjusted by Purchasing Power Parity is equivalent to 306 percent of the world's average. This dataset provides the latest reported value for - European Union GDP Per Capita Ppp - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

According to projections by a range of economic institutions, the economy of the Euro currency area is forecast to grow by between 0.5 percent and 1.2 percent in 2024. The Eurozone saw slow growth in 2023, when it grew by 0.7 percent - albeit this was significantly better than many economic forecasts which predicted a recession in the EU in that year. Across all the forecasts included, growth is expected to pick up in 2025, when the Eurozone's economy is expected to grow between 1.4 and 1.8 percent.

The average for 2025 based on 27 countries was -2.62 percent. The highest value was in Cyprus: 2.87 percent and the lowest value was in Romania: -7.52 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.