Economic Activity

Economic Activity

Europe's Economic Hub

Germany is the largest market in Europe. It constitutes 21 percent of Europe's GDP (EU-28) and is home to 16 percent of the total European Union (EU) population. The German economy is both highly industrialized and diversified – with equal focus placed on services and production.

 

GDP
(in EUR bn)
Share of Total GDP (EU 28)

Population

(in m)

Share of Total Population (EU 28)
Germany3,13421%8216%
France2,22915%6713%
UK2,36718%6513%
Italy1,67211%6112%
Spain1,1148%469%
Netherlands7035%173%
Poland4243%387%
Czech Republic1741%112%
USA16,777  325 
EU 28 14,825100%510100%

Note: Data refers to 2016
Source: Eurostat (2017)/ World Bank (2017)

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