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Facts about the economy of the European Union

EU map

Before we move to some pretty interesting and important facts about the economy of the EU, we should answer one very important question. What is the European Union? In short - a politico-economic union of 28 member states that are to be found primarily on the map of Europe. Some other key stats include: The population of the EU at the current moment is over 508 million The total territory that is being covered by the Union is 4,324,782 km2 The GDP of EU accounts for total of 24% of the GDP of the world It was awarded the Nobel Peace Prize in 2012 That is the short answer – and the one that is least complicated, while still covering...

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