STRONGEST ECONOMY IN EUROPE 2022. (UPDATED). RICHEST EUROPEAN COUNTRIES 2022. EUROPE GDP RANK 2022.

Total GDP of Europe's economy is around 24 Trillion dollars. The European Union, with a GDP of about $16 trillion, generates roughly 2/3 of Europe's GDP. The EU as a whole is the second wealthiest and second largest economy in the world, below the US by about $5 trillion. The economy of Europe comprises about 748 million people in 50 countries.

Germany is the largest economy in Europe, followed by United Kingdom, France, Italy, and Russia. These five together hold a 50% share of the European economy. Total ten European economies represent almost 80% share. San Marino is the smallest economy in Europe.

Seven economies of Europe would have gdp above $1 trillion, and 23 would have an economy of above $100 billion. In 2021, Ireland will overtake Austria. Four European economies are in the list of top ten largest economies globally, and Nineteen economies are within the top 50 world gdp ranking.

All 41 European economies would see an increase in 2021 compared to 2020. With $399 bn, United Kingdom will be the top contributor, followed by Germany ($387 bn) and France ($316 bn).

In ppp data, the five largest economies of Europe are Germany, Russia, France, United Kingdom, and Italy. Eight economies would have gdp above Int. $1 trillion in 2021 and 28 would have an economy of above Int. $100 billion. Ireland will move ahead to Austria. Four European economies are in the top ten list, and sixteen economies are within the top 50 world gdp ranking.

None of the European economies would see a decrease in 2021 compared to 2020. Russia (Int. $347 bn), United Kingdom (Int. $314 bn), Germany (Int. $307 bn), France (Int. 305 bn), and Italy (Int. $236 bn) would be the top gainers.

Combined, the top seven major countries in Europe all had a GDP of more than $1 trillion (US$) in 2021 and tallied a collective GDP of $16.65 trillion (US$).

This visual data shows;
The strongest economy in Europe 2022.
The strongest economies in Europe 1960 to 2022.
Richest European countries by GDP.
GDP ranked by country 2022.
List of sovereign states in Europe by GDP.
GDP of European countries 2022.
Largest economies in Europe by nominal GDP.
Biggest economy in Europe.

The formation of the European Union (EU) and in 1999 the introduction of a unified currency, the Euro, brought participating European countries closer through the convenience of a shared currency and has led to a stronger European cash flow. It is important to know the European Union is not a country, rather a global unique organisation, the entity with the biggest economy in the world. The European Union also “regulates” the global market by the Single Market.

Whilst most European states have a GDP per capita higher than the world's average and are very highly developed, some European economies, despite their position over the world's average in the Human Development Index, are poorer. Europe has total banking assets of more than $50 trillion and its Global assets under management has more than $20 trillion.

Europe has total banking assets of more than $50 trillion and its Global assets under management has more than $20 trillion.

Fourth among world economies is Germany. Germany is also Europe’s largest economy. Germany is a top exporter of vehicles, machinery, chemicals, and other manufactured goods and has a highly skilled workforce. Germany, however, faces some demographic challenges to its economic growth. Its low fertility rate makes replacing its aging workforce more difficult, and its high levels of net immigration strain its social welfare system.

The United Kingdom has the fifth-largest economy in the world. The U.K. economy is driven by its large service sector, particularly in finance, insurance, and business services. The nation’s extensive trading relationship with continental Europe has been greatly complicated by the resolution of Brexit subsequent to the 2016 vote to leave the European Union (EU). As of Jan. 31, 2020, the U.K. is officially not a member of the EU, but contentious negotiations over trade relations between the two are ongoing.

France has the seventh-largest GDP in the world. Tourism is an important industry, and France receives the most visitors of any country each year. France is a mixed economy that has many private and semi-private businesses across a diverse range of industries. However, there is still heavy government involvement in certain key sectors, such as defense and electrical power generation.