Germany, France, and Italy, among the top 10 European Union countries by GDP, have long been the EU’s largest economies, industrial powerhouses, financial centers, and manufacturing powerhouses. Next in the ranking are Spain in fourth place, the Netherlands in fifth place, Poland in sixth place, Belgium in seventh place, Sweden in eighth place, Ireland in ninth place, and Austria in tenth place.
Let’s look at the GDP of the top 10 countries from the European Union, a political and economic bloc of 27 member states. The bloc has experienced uneven growth in recent years, with its largest economies experiencing stagnation or mild contraction.
According to Visual Capitalist, despite recent challenges, the European Union remains a significant global economic force, with European countries bound by strong industrial bases, developed financial sectors, and extensive trade relations, although its overall influence is increasingly competitive.
The sources used in the list are based on data from the International Monetary Fund published by Visual Capitalist, and the data is for 2024.
Top 10 European Union countries by GDP:
| Rank | Country | 2024 GDP |
| 1 | Germany 🇩🇪 | $4.7 trillion |
| 2 | France 🇫🇷 | $3.2 trillion |
| 3 | Italy 🇮🇹 | $2.4 trillion |
| 4 | Spain 🇪🇸 | $1.7 trillion |
| 5 | Netherlands 🇳🇱 | $1.2 trillion |
| 6 | Poland 🇵🇱 | $863 billion |
| 7 | Belgium 🇧🇪 | $662 billion |
| 8 | Sweden 🇸🇪 | $609 billion |
| 9 | Ireland 🇮🇪 | $561 billion |
| 10 | Austria 🇦🇹 | $536 billion |
Germany ranks first in terms of GDP among European Union countries with $4.7 trillion. According to DW, the Russian invasion of Ukraine, the energy crisis, inflation, and the forced transition to a climate-neutral economy have also led to higher energy prices, which have hit energy-intensive companies the hardest, affecting Germany’s economic growth.
Second-placed France, with a GDP of $3.2 trillion, saw stagnant or negative growth last year, while third-placed Italy faced similar problems.
Ranked fourth in terms of GDP, Spain’s growth is significantly higher than the Eurozone average, and economic growth is estimated to be around 3.2% in 2024.
The Netherlands ranks fifth in GDP among European Union countries at $1.2 trillion. According to De Nederlandsche Bank, economic growth is estimated to be 0.9% in 2024 and 1.5% in 2025 and 2026.
Currently, the UK was supposed to be second only to Germany in the list of European Union countries by GDP, but the country joined the EU in 1973 and officially left in 2020, and the country recorded a GDP of $4.4 trillion in 2024, which is higher than that of France.
