The economy of Europe comprises about 748 million people in 50 countries. Throughout this article "Europe" and derivatives of the word are taken to include selected states whose territory is only partly in Europe, such as Turkey, Azerbaijan and Georgia, and states that are geographically in Asia, bordering Europe and culturally adherent to the continent, such as Armenia and Cyprus.

4 days ago · Europe’s economy stagnated at the end of last year as its former growth engine, Germany, finished a second straight year of shrinking output. Gross domestic product in the 20-country eurozone showed a zero increase in the final quarter of 2024, the EU statistics agency Eurostat said. For the full year, the economy grew 0.7%.

6 days ago · After years of stagnation, the European economy began to recover in early 2024, with most countries achieving moderate growth and successfully avoiding recession. Looking ahead to 2025,...

Jan 27, 2025 · Europe was the first of the major world regions to develop a modern economy based on commercial agriculture, industrial development, and the provision of specialized services.

Oct 24, 2024 · Europe’s economy is recovering, benefiting from a strong crises’ response. Yet, the recovery is falling short of its full potential. Uncertainty about persistent core inflation, policy directions, and geopolitical conflicts, is dampening the near-term outlook.

Collectively, Europe ranks alongside the United States and China as one of the largest economies, with the European Union, which comprises 27 European states, having a collective GDP of almost...

Mar 4, 2024 · Over the course of 2023, the European economy saw close to zero growth. The continent’s two largest national economies—Germany and the U.K.—may both be in recession. Flagship European companies...

Sep 17, 2024 · With a Gross Domestic Product of over 4.18 trillion Euros, the German economy was by far the largest in Europe in 2023. The similar-sized economies of the United Kingdom and France were the...

Europe’s economy is emerging from an unprecedented tightening cycle, having avoided a deep recession and widespread job losses. Growth in the EU slowed as expected in 2023, averaging a modest 0.4 percent.

What are the main trends of the economy in the European Union and its Member States since 2000? How have the gross domestic product (GDP), investment and consumption evolved?