European Union economy graph showing purchasing power parity (PPP) growth from 2000 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
The EU had a GDP per capita (PPP) around $46,000 in 2023. The economy is highly diversified with strengths in technology, finance, manufacturing, and agriculture.