The European Union's GDP is estimated to be $19.35 trillion (nominal) in 2024 or $26.64 trillion (PPP), representing around one-sixth of the global economy. Germany has the biggest national GDP of all EU countries, followed by France and Italy. 448,753,823 (EU27, 1 January 2023 prov.With these figures in mind, the annual EU budget is actually quite small – around €160-180 billion annually in 2021-27.EU-funded projects in Spain
Money from the EU budget helps fund programmes and projects in all EU countries – for example to build roads, subsidise researchers and protect the environment. Find out more about how Spain benefits from EU funding and recovery funds in your country or region.
What is Portugal’s relationship with the EU : Permanent representation to the EU
Portugal also communicates with the EU institutions through its permanent representation in Brussels. As Portugal's "embassy to the EU", its main task is to ensure that the country's interests and policies are heard and pursued as much as possible in the EU.
What is the poorest country in the EU
- 1- Ukraine. Ukraine is currently facing significant economic challenges that have contributed to its status as the poorest country in Europe in 2024.
- 2- Moldova. Moldova is currently the second poorest country in Europe as of 2024.
- 3- North Macedonia.
- 4- Albania.
- 5- Belarus.
- 6-Bosnia and Herzegovina.
- 7- Serbia.
- 8- Montenegro.
What is the weakest country in Europe : The poorest country in Europe is Ukraine. With a GNI per capita of $3,540, Ukraine faces significant economic challenges. Despite its vast potential and rich resources, the country has struggled with political instability and ongoing conflicts, which have hindered its economic development.
The UK was a key asset for the EU in the fields of foreign affairs and defence given that the UK was (with France) one of the EU's two major military powers, and had significant intelligence capabilities, soft power and a far reaching diplomatic network. Without the UK, EU foreign policy could be less influential.
Since 2004, Poland has received nearly 246 billion euros from the European Union budget. During this period, membership payments to the EU budget amounted to over 83.8 billion euros.
Does Italy get money from EU
EU-funded projects in Italy
Money from the EU budget helps fund programmes and projects in all EU countries – for example to build roads, subsidise researchers and protect the environment. Find out more about how Italy benefits from EU funding and recovery funds in your country or region.This statistic shows the share of economic sectors in gross domestic product (GDP) in Portugal from 2012 to 2022. In 2022, the share of agriculture in Portugal's gross domestic product was 1.85 percent, industry contributed approximately 18.62 percent and the services sector contributed about 66.09 percent.A member of the United Nations, the European Union, the Schengen Area and the Council of Europe, Portugal was one of the founding members of NATO, the eurozone, the OECD, and the Community of Portuguese Language Countries.
In terms of GDP, Portugal is not necessarily considered a “rich” country, ranking number 47 worldwide. A country's richness cannot also be measured solely through GDP. However, the Portuguese economy has been growing in recent years, despite the negative impact of the Covid-19 pandemic.
Is Slovakia a poor country : With a gross national income per capita of $32,450 PPP in 2021, Slovakia belongs to the group of high-income economies. However, its economic growth has not been inclusive, exacerbating social divides, especially at the regional level.
What are the 3 strongest countries in Europe : The continent is home to three nuclear powers — Russia, The UK and France — and its total military budget falls just behind the US.
What is the most aggressive country in Europe
Ukraine
1. Ukraine
| Aspect | Details |
|---|---|
| Conflict | Ukraine has been embroiled in a long-standing civil conflict between pro-Russian separatists and the Ukrainian government. The war with Russia escalated significantly in recent years, resulting in active hostilities. |
The economic effects of Brexit were a major area of debate during and after the referendum on UK membership of the European Union. The majority of economists believe that Brexit has harmed the UK's economy and reduced its real per capita income in the long term, and the referendum itself damaged the economy.Britain's Brexit Success
UK exports are growing – reaching £870 billion in the 12 months to November 2023, and services exports are at an all-time high03. Since the referendum, the UK economy has grown faster than Germany, Italy, and Japan and at a similar rate to France (end-Q2 2016 – Q3 2023)04.
How has the EU benefited Poland : The 137 billion euros ($149.6 billion), equivalent to 15.6% of Poland's projected 2024 gross domestic product, include 60 billion euros to mitigate the impact of the COVID-19 pandemic and help EU members transition away from fossil fuels.