With a Gross Domestic Product of over 4.3 trillion Euros, the German economy was by far the largest in Europe in 2024. The similarly sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain. The smallest economy in this statistic is that of the small Balkan nation of Montenegro, which had a GDP of 7.4 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.95 trillion Euros. The big five Germany’s economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same period and had a smaller economy than Italy in the late 1980s. The UK also suffered more than the other major economies during the recession of the late 2000s, meaning the French economy was the second largest on the continent for some time afterward. The Spanish economy was continually the fifth-largest in Europe in this 38-year period, and from 2004 onwards, has been worth more than one trillion Euros. The smallest GDP, the highest economic growth in Europe Despite having the smallerst GDP of Europe, Montenegro emerged as the fastest growing economy in the continent, achieving an impressive annual growth rate of 4.5 percent, surpassing Turkey's growth rate of 4 percent. Overall,this Balkan nation has shown a remarkable economic recovery since the 2010 financial crisis, with its GDP projected to grow by 28.71 percent between 2024 and 2029. Contributing to this positive trend are successful tourism seasons in recent years, along with increased private consumption and rising imports. Europe's economic stagnation Malta, Albania, Iceland, and Croatia were among the countries reporting some of the highest growth rates this year. However, Europe's overall performance reflected a general slowdown in growth compared to the trend seen in 2021, during the post-pandemic recovery. Estonia experienced the sharpest negative growth in 2023, with its economy shrinking by 2.3% compared to 2022, primarily due to the negative impact of sanctions placed on its large neighbor, Russia. Other nations, including Sweden, Germany, and Finland, also recorded slight negative growth.

The fastest growing economy in Europe in 2024 was Malta. The small Mediterranean country's gross domestic product grew at five percent in 2024, beating out Montenegro which had a growth rate of almost four percent and the Russian Federation which had a rate of 3.6 percent in the same year. Estonia was the country with the largest negative growth in 2024, as the Baltic country's economy shrank by 0.88 percent compared with 2023, largely as a result of the country's exposure to the economic effects of Russia's invasion of Ukraine and the subsequent economic sanctions placed on Russia. Germany, Europe's largest economy, experience economic stagnation with a growth of 0.1 percent. Overall, the EU (which contains 27 European countries) registered a growth rate of one percent and the Eurozone (which contains 20) grew by 0.8 percent.

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

Germany is the country in the European Union which collects the greatest tax revenues each year, with Europe's largest economy collecting almost 1.6 trillion euros in taxes and social security contributions in 2023. France and Italy are the second and third largest tax collectors in terms of revenues in the EU, however, the gap between the two countries had been growing since 2009, as the stagnation of the Italian economy in the past 15 years has limited increases in tax revenues.

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

The economy of the European Union is set to grow by *** percent in 2025, 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 2025, 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 dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Graph and download economic data for OECD based Recession Indicators for Four Big European Countries from the Peak through the Trough (DISCONTINUED) (4BIGEURORECDM) from 1960-02-01 to 2022-08-31 about 4 Big European Countries, peak, trough, and recession indicators.

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.

Four Big European Countries - Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Original series for Four Big European was 108.65530 Index 2015=100 in January of 2024, according to the United States Federal Reserve. Historically, Four Big European Countries - Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Original series for Four Big European reached a record high of 108.65530 in January of 2024 and a record low of 25.49468 in February of 1960. Trading Economics provides the current actual value, an historical data chart and related indicators for Four Big European Countries - Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Original series for Four Big European - last updated from the United States Federal Reserve on September of 2025.

Graph and download economic data for Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Original Series for the Euro Area (19 Countries) (EA19LORSGPORGYSAM) from Mar 1961 to Aug 2022 about origination, leading indicator, Euro Area, Europe, and GDP.

Four Big European Countries - Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Four Big European was 99.77696 Index in August of 2023, according to the United States Federal Reserve. Historically, Four Big European Countries - Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Four Big European reached a record high of 103.11540 in February of 2008 and a record low of 83.64855 in May of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Four Big European Countries - Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Four Big European - last updated from the United States Federal Reserve on August of 2025.

Eurocoin Leading Indicator data was reported at 0.250 Number in Apr 2025. This stayed constant from the previous number of 0.250 Number for Mar 2025. Eurocoin Leading Indicator data is updated monthly, averaging 0.160 Number from Dec 2019 (Median) to Apr 2025, with 65 observations. The data reached an all-time high of 1.360 Number in Mar 2021 and a record low of -1.590 Number in Aug 2020. Eurocoin Leading Indicator data remains active status in CEIC and is reported by Bank of Italy. The data is categorized under Global Database’s European Union – Table EU.S: Bank of Italy: Eurocoin Leading Indicators: Euro Area.

Graph and download economic data for Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Normalised for the Euro Area (19 Countries) (EA19LORSGPNOSTSAM) from Mar 1960 to Aug 2022 about leading indicator, Euro Area, Europe, and GDP.

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

In 2023 Germany's contribution to the budget of the European Union was more than 29 billion Euros, the highest of any EU member state. France was the next highest contributor at 26 billion Euros. followed by Italy at 16 billion Euros and Spain at 11.1 billion Euros. The country which contributed the lowest amount was the small island nation of Malta, at 151.9 million Euros. Largest economies in Europe The amount which EU member states contribute to the EU budget is heavily linked to the size of its economy. Germany, for example, has the largest economy in the whole of the EU, with Gross domestic product reaching almost 4.12 trillion Euros in 2023. France and Italy have the second and third largest economies in Europe with GDPs of 2.8 and 2.1 trillion euros respectively.

EU EE: CI: sa: Major Purchase Over Next Months data was reported at -23.200 % Point in Jun 2018. This records a decrease from the previous number of -22.500 % Point for May 2018. EU EE: CI: sa: Major Purchase Over Next Months data is updated monthly, averaging -26.500 % Point from Oct 1992 (Median) to Jun 2018, with 309 observations. The data reached an all-time high of -0.300 % Point in Sep 2006 and a record low of -64.300 % Point in Oct 1992. EU EE: CI: sa: Major Purchase Over Next Months 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 Estonia – Table EE.DG ECFIN: Consumer Confidence Indicator: Seasonally Adjusted.

The European Union's total Exports in 2024 were valued at US$2.80 Trillion, according to the United Nations COMTRADE database on international trade. The European Union's main export partners were: the United States, the United Kingdom and China. The top three export commodities were: Machinery, nuclear reactors, boilers; Pharmaceutical products and Vehicles other than railway, tramway. Total Imports were valued at US$2.64 Trillion. In 2024, The European Union had a trade surplus of US$159.68 Billion.

The European wealth management market, valued at €43.02 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.41% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing concentration of wealth among High-Net-Worth Individuals (HNWIs) and mass affluent individuals across major European economies like the UK, Germany, France, and Italy is a significant contributor. Furthermore, a rising demand for sophisticated investment strategies, including sustainable and impact investing, is shaping market dynamics. Technological advancements, such as robo-advisors and advanced data analytics, are also enhancing efficiency and accessibility within the sector, attracting a wider client base. Competition remains fierce, with established players like Allianz, UBS Group, Amundi, and Credit Suisse vying for market share alongside private banking boutiques and family offices. Regulatory changes impacting financial reporting and client privacy will continue to influence industry practices. Challenges include maintaining client trust amidst market volatility and adapting to evolving client expectations regarding personalized service and digital solutions. The segment breakdown reveals a dominance of HNWIs and Retail/Individuals, with Private Bankers and Family Offices leading the charge among wealth management firms. The market's future hinges on the continued growth of private wealth, innovative service offerings, and the effective navigation of regulatory landscapes. The sustained growth in the European wealth management market is expected to continue through 2033, driven by demographic shifts, economic growth (albeit with potential regional variations), and technological advancements. While macroeconomic factors like inflation and geopolitical instability pose risks, the long-term outlook remains positive. The expansion of digital wealth management platforms will likely lead to increased market penetration and competition. The market's success will depend on firms' ability to leverage data analytics to provide personalized advice, adapt to evolving regulatory requirements, and build strong client relationships based on trust and transparency. Regional variations in economic growth and wealth distribution will create nuanced opportunities and challenges, necessitating tailored strategies for different European markets. A focus on sustainability and ESG (Environmental, Social, and Governance) investing is also anticipated to be a defining trend within the industry going forward. Recent developments include: September 2022: UBS was set to acquire the Millennial and Gen Z-focused Wealthfront. UBS and wealth management platform Wealthfront have pulled out of a proposed acquisition deal., 2021: L&G launched the next-gen protection platform for IFAs. Legal & General Group Protection has launched a next-generation online quote-and-buy platform to widen access to group income protection. The insurer states that its Online Insurance Experience (ONIX) aims to create more digital opportunities for intermediaries to support their clients' needs for life cover. ONIX is designed to deliver a quote experience that is more flexible with increased options that focus on capturing the client's specific requirements. The launch of ONIX is accompanied by the insurer's new 'Big on small business' SME Group Protection sales materials.. Notable trends are: Growth In Millionaire Wealth Leading to the European Wealth Management Market Uptrend.

In 2023, the unemployment rate of Europe's five largest economies ranged from 3.3 percent in Germany, to 12.1 percent in Spain. Throughout this provided time period, unemployment has consistently been lowest in Germany, and with the exception of 2005, 2006, and 2007, highest in Spain, when Germany briefly had a higher unemployment rate.