GDP in USD PPP terms reached 22,031 USD bil in 2018 in European Union, according to the National Statistical Office. This is 1.12 % more than in the previous year.
Historically, GDP in USD PPP terms in European Union reached an all time high of 22,031 USD bil in 2018 and an all time low of 3,964 USD bil in 1980. When compared to European Union's main peers, GDP in USD PPP terms in China amounted to 25,313 USD bil, 5,632 USD bil in Japan, 4,180 USD bil in Russia and 20,513 USD bil in USA in 2018.
European Union has been ranked 3rd within the group of 174 countries we follow in terms of GDP in USD PPP terms.
GDP based on purchasing power parity is the gross domestic product converted to international dollars using purchasing power parity rates.