European market

The European Market is complex and diverse. It consists of the economies of over 50 countries. Europe is a highly developed and industrialised region, and it is home to many of the world's largest and most successful companies.

The European Union (EU) is a political and economic union of 27 European countries, 9 candidate countries and 1 potential candidate.

The EU is the world's largest single market
The EU is the 3rd largest economy in the world and 13.7% of the global economy. The European single market is the heart of Europes competitiveness. About 448 million people and 23 million businesses create a GDP of 17 trillion Euro.

GDP/EU country

Here is a list of the top 10 European countries by GDP in 2024, based on data from the International Monetary Fund (IMF):
  • Germany: $4.7 trillion
  • France: $3.1 trillion
  • Italy: $2.4 trillion
  • Spain: $1.7 trillion
  • Netherlands: $1.2 trillion
  • Poland: $908 billion
  • Belgium: $658 billion
  • Sweden: $606 billion
  • Ireland: $559 billion
  • Austria: $533 billion

The European Economic Area is an extension to the EU single market with 4 countries:
  • Switzerland: $935 billion
  • Norway: $501 billion
  • Iceland: $33 billion
  • Liechtenstein: $7.3 billion