Economically, with its combined GDP of approximately $17.18 trillion, the EU far outstrips Russia's $1.78 trillion. The bloc also races ahead of Russia in the high-tech components of its economy, which is pivotal for future development.
Luxembourg is the wealthiest country in the European Union, per capita, and its citizens enjoy a high. It is a major center for large private banking, and its finance sector is the biggest contributor to its economy.
The economy of Russia is an emerging and developing, high-income, industrialized, mixed market-oriented economy. It has the eleventh-largest economy in the world by nominal GDP and the fourth-largest economy by GDP (PPP). Due to a volatile currency exchange rate, its GDP measured in nominal terms fluctuates sharply.
GDP of European countries in 2024. 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.
Why NOBODY Lives in Eastern Russia (It's NOT The Cold)
Is the UK better off since Brexit?
Economists and analysts at Cambridge Econometrics found that, by 2035, the UK is anticipated to have three million fewer jobs, 32% lower investment, 5% lower exports and 16% lower imports, than it would have had been. The report states that the UK will be £311bn worse off by 2035 due to leaving EU.
According to Eurostat, Hungary is now the poorest country in the European Union based on real income per capita—not GDP, but how much citizens can actually afford. Once more prosperous, it now trails behind Romania and Bulgaria.
Estonia, a small European country located near the Baltic Sea, is ranked as the cleanest country in the world. It scored 75.7 in the EPI 2024 report. It ranks highest due to its greenery, freshwater sources, clean air and water. The second country on the list is Luxembourg; it scores 75.1 in the EPI 2024 report.
The Future Economic Giants: Largest Economies in the World 2050. China: With its fast economic growth and development, China is all set to lead the world's economy.
On average, Americans are now nearly twice as rich as Europeans. According to the latest available data for GDP per capita, the United States stands at $83,000, with Germany at $54,000 and the United Kingdom at $50,000. The contrast to less affluent European countries is even more striking.
The Irish economic miracle is not just about low-tax. In the post-war period, there was a consolidation of Irish agriculture, which saw the effective production and marketing of Butter, Guinness and Beef. In 1973, both the UK and Ireland joined the EEC but it was probably Ireland who saw larger benefits than the UK.
As of 2024, out of 36 countries, Switzerland is the most expensive, with prices at 184% of the EU average — 84% higher than the average. Turkey is the cheapest, with prices at 47% of the EU average, meaning they are 53% lower than the EU average.
1. Luxembourg - $152,915 GDP/Capita (PPP) What is this? Luxembourg is Europe's richest country in 2025, with an exceptional GDP per capita of approximately $152,915 (PPP).
Germany with a GDP of $3.9T ranked the 4th largest economy in the world, while Russia ranked 11th with $1.7T. By GDP 5-years average growth and GDP per capita, Germany and Russia ranked 136th vs 162nd and 19th vs 68th, respectively.
The US is the biggest economy in the world. Its current GDP stands at a staggering $30.507 trillion. The GDP per capita in the US is $89,105. China is the second-largest economy in the world, with a GDP of $19.231 trillion.
UK low- to middle-income families far poorer than OECD counterparts – study. Low- to middle-income families in Britain are far poorer than their counterparts in western Europe because of sky-high housing costs, according to an analysis by the Resolution Foundation.
🇪🇺📈🇨🇳 According to the latest IMF data (2025), the European Union's economy has now surpassed China's in size: 💶 EU: $19.99 trillion 💴 China: $19.23 trillion 📊 This marks a major shift in global economic balance, with the EU once again securing its position as the world's second-largest economy after the United States.
Process. Potential enlargement of the European Union is governed by Article 49 of the Maastricht Treaty. If the UK applied to rejoin the EU, it would need to apply and have its application terms supported unanimously by the EU member states.
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 2021, however, EU net migration has been negative, according to official estimates (-96,000 in 2024). While the emigration of international students has been rising, they became more likely to stay in the UK since Brexit, contributing more to net migration than they had done in the past.
Overview. Friedman predicts that the United States will remain the dominant global superpower throughout the 21st century and that the history of the 21st century will consist mainly of attempts by other world powers to challenge US dominance.
It has also been predicted that China may overtake the United States as the world's largest economy in the 2020s. Due to the country's rapidly developing AI industry, China has also been referred to as an "AI superpower".
For stability and economic strength, Switzerland and Canada consistently top global rankings. Beyond money, factors like climate resilience, political stability, and healthcare access also matter. Choosing the right country is personal, but having the right data makes all the difference.
