GDP in USD PPP terms rose 14.3% to USD 23,817 bil in the European Union in 2020, according to the National Statistical Office.
Historically, GDP in USD PPP terms in the European Union reached an all time high of USD 23,817 bil in 2020 and an all time low of USD 3,964 bil in 1980. When compared to European Union's main peers, GDP in USD PPP terms in China amounted to USD 29,713 bil, USD 5,935 bil in Japan, USD 4,508 bil in Russia and USD 22,289 bil in USA in 2020.
European Union has been ranked th within the group of 173 countries we follow in terms of GDP in USD PPP terms.
| GDP PPP (Current USD) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Canada | USD bil | 1,777 | 1,856 | 1,930 | 2,003 | 2,077 | ||||||||||||||||
| China | USD bil | 19,887 | 21,747 | 23,523 | 29,713 | 32,082 | ||||||||||||||||
| European Union | USD bil | 19,116 | 19,866 | 20,838 | 23,817 | 24,680 | ||||||||||||||||
| Germany | USD bil | 4,402 | 4,531 | 4,679 | 4,716 | 4,874 | ||||||||||||||||
| India | USD bil | 8,281 | 9,002 | 9,560 | 12,531 | 13,753 | ||||||||||||||||
| Japan | USD bil | 5,180 | 5,230 | 5,459 | 5,935 | 6,087 | ||||||||||||||||
| Mexico | USD bil | 2,473 | 2,577 | 2,626 | 2,823 | 2,958 | ||||||||||||||||
| Russia | USD bil | 3,819 | 4,223 | 4,282 | 4,508 | 4,665 | ||||||||||||||||
| South Korea | USD bil | 2,106 | 2,180 | 2,231 | 2,348 | 2,459 | ||||||||||||||||
| USA | USD bil | 19,519 | 20,580 | 21,433 | 22,289 | 23,096 |
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