EU generated €13.9 trillion GDP in 2019

In 2019, the European Union (EU) generated around €13.9 tln in GDP, spiking 17% higher than its level a decade earlier, according to Eurostat data released on Friday.

Unsurprisingly, Cyprus was among the lowest GDP contributors with 0.2% and Greece was 1.3%.

Almost a quarter of the EU’s GDP (24.7%) was generated by Germany, followed by France (17.4%) and Italy (12.8%), ahead of Spain (8.9%) and the Netherlands (5.8%).

At the opposite end of the scale, 10 EU countries contributed less than 1% of the EU’s total GDP: Malta (had the lowest share of EU GDP at 0.1%), Estonia, Cyprus and Latvia (all 0.2%), Lithuania and Slovenia (both 0.3%), Bulgaria and Croatia (0.4%), Luxembourg (0.5%) and Slovakia (0.7%).

The 19 EU member states that comprise the euro area had a combined GDP of €11.9 tln and accounted for 85.5% of the bloc’s total GDP in 2019.