COUNTRIES

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REGIONSUKGDPCHAPTER

01GDPGrossdomesticproductoftheUnitedKingdomfrom1948to2023(inmillionGBP)GDPoftheUK1948-20232,500,0002,000,0001,500,0001,000,000500,00003Description:ThegrossdomesticproductoftheUnitedKingdomin2023was2.274trillionBritishpounds,aslightincreasewhencomparedtothepreviousyear,whenthesizeoftheUKeconomywas2.27trillionpounds.ThedropinGDPbetween2019and2020wasbroughtaboutbytheCOVID-19pandemicandsubsequentlockdowns,whichcausedseveredamagetomanyindustries,particularlyintheservicesectoruponwhichtheUKeconomyisheavilyreliant.

ReadmoreNote(s):UnitedKingdom;1948to2022;*GDPisdisplayedinrealterms(seasonallyadjustedchainedvolumemeasurewith2019asthereferenceyear)

ReadmoreSource(s):OfficeforNationalStatistics(UK)QuarterlygrossdomesticproductintheUnitedKingdomfrom1stquarter2019to4thquarter2023(inmillionGBP)QuarterlyGDPoftheUK2019-2023580,000569,336569,364568,655567,396567,889567,445568,034566,695564,407555,956546,579560,987560,861556,932555,141560,000540,000520,000500,000480,000460,000440,000420,000400,000545,597514,531509,261507,643434,718Q2Q1Q2Q3Q4Q1Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q42019

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20234Description:Inthefourthquarterof2023,thequarterlygrossdomesticproductoftheUnitedKingdomwasapproximately566.7billionBritishpounds,comparedwithjustunder568.6billionpoundsinthepreviousquarter.ReadmoreNote(s):UnitedKingdom;Q12019toQ42023;*GDPisdisplayedinrealterms(seasonallyadjustedchainedvolumemeasurewith2019asthereferenceyear)

ReadmoreSource(s):OfficeforNationalStatistics(UK)MonthlyindexofgrossdomesticproductintheUnitedKingdomfromJanuary2019toFebruary2024(2019=100)MonthlyGDPoftheUK2019-2024105100959085807570Jan

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245Description:ThegrossdomesticproductoftheUnitedKingdomgrewby0.1percentinFebruary2024,withtheUKeconomytwopercentlargerthanitwasinFebruary2020,justbeforethestartofCOVID-19lockdowns.Afterarecord19.6percentdeclineinGDPinApril2020,theUKeconomyquicklyreturnedtogrowthinthefollowingmonths,andgrewthroughmostof2021.ReadmoreNote(s):UnitedKingdom;January2019toFebruary2024Source(s):OfficeforNationalStatistics(UK)MonthlyindexofgrossdomesticproductintheUnitedKingdomfromJanuary2019toFebruary2024(2019=100),bymainsectorsMonthlyGDPintheUKbymainsectors2019-2024AgricultureConstructionServicesProduction1201101009080706050Jan

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246Description:AsofFebruary2024,UKconstructionoutputwas2.9percentlargerthanitwasin2019,whileproductionoutputwas3.7percentlarger.Bycomparison,servicesoutputhasfallenby4.6percentandagricultureoutputby13.5percent.

ReadmoreNote(s):UnitedKingdom;January2019toFebruary2024Source(s):OfficeforNationalStatistics(UK)GrossvalueaddedoftheUnitedKingdomin2023,byindustrysector(inmillionGBP)GVAoftheUK2023,bysectorGVAinmillionGBP(incurrentprices)100,000

150,000050,000200,000250,000300,000Realestate283,503WholesaleandretailManufacturingFinanceandinsurance234,164217,345209,129Professional,scientificandtechnicalHumanhealthandsocialworkInformationandcommunicationConstruction189,674185,517147,895145,376Education139,260AdministrativeandsupportservicesPublicadministrationanddefenceTransportandstorage123,155120,73178,98473,763Accommodationandfoodservices7Description:In2023,thegrossvalueadded(GVA)oftherealestatesectorintheUnitedKingdomwasapproximately283.5billionBritishpounds,thehighestofanysectorinthatyear.ReadmoreNote(s):UnitedKingdom;2023Source(s):OfficeforNationalStatistics(UK)GrossdomesticproductoftheUnitedKingdomin2021,bycountry(inmillionGBP)GDPoftheUK2021,bycountry2,000,0001,800,0001,600,0001,400,0001,200,0001,000,000800,000600,000400,000200,00001,852,300159,109Scotland75,583Wales48,374EnglandNorthernIreland8Description:OfallthecountriesthatmakeuptheUnitedKingdom,Englandhadbyfarthehighestgrossdomesticproductin2021atover1.85trillionBritishpounds.InthisyearScotland'sGDPamountedtoover159billionpounds,withthesizeoftheWelsheconomybeingaround75.6billionpounds,andthatofNorthernIrelandbeing48.4billionpounds.ReadmoreNote(s):UnitedKingdom;*GDPisdisplayedinrealterms(seasonallyadjustedchainedvolumemeasurewith2019asthereferenceyear)ReadmoreSource(s):OfficeforNationalStatistics(UK)GrossdomesticproductoftheUnitedKingdomin2021,byregion(inmillionGBP)GDPoftheUK2021,byregionGDPinmillionGDP(CVM2019)*150,000

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300,000050,000100,000350,000400,000450,000500,000496,403550,000LondonSouthEast319,028NorthWest207,654183,281159,602EastSouthWestScotland159,109155,610WestMidlandsYorkshireandTheHumberEastMidlandsWales142,558126,75775,58361,42448,374NorthEastNorthernIreland9Description:In2021,Londonhadagrossdomesticproductofover496.4billionBritishpounds,themostofanyregionoftheUnitedKingdom.TheregionofSouthEastEnglandwhichsurroundsLondonhadthesecond-highestGDPinthisyear,atover319billionpounds.NorthWestEngland,whichincludesthemajorcitiesofManchesterandLiverpoolhadthethird-largestGDPamongUKregions,atapproximately207.7billionpounds.ReadmoreNote(s):UnitedKingdom;2021;*GDPisdisplayedinrealterms(seasonallyadjustedchainedvolumemeasurewith2019asthereferenceyear)

ReadmoreSource(s):OfficeforNationalStatistics(UK)GrossdomesticproductofScotlandin2021,bylocal(ITL3)area(inmillionGBP)GDPofScotland2021,bylocalareaGDPinmillionGDP(CVM2019)*5,000010,00015,00020,00025,00030,000CityofEdinburghGlasgowCity25,60823,779AberdeenCityandAberdeenshireClackmannanshireandFifeNorthLanarkshire17,4199,6518,788SouthLanarkshire7,774PerthandKinross,andStirlingInverclyde,EastRenfrewshire,andRenfrewshireAngusandDundeeCity7,4127,4016,0375,9445,5414,8514,344InvernessandNairn,Moray,BadenochandStrathspeyWestLothianEastAyrshireandNorthAyrshiremainlandEastDunbartonshire,WestDunbartonshire,andHelensburghandLomond10Description:ThecityofEdinburghhadagrossdomesticproductofjustover25.6billionBritishpoundsin2021,themostofanylocalareaofScotland.GlasgowCityhadthesecond-highestGDPofScottishlocalareas,atjustunder23.8billionpoundsfollowedbyAberdeenCityandAberdeenshireataround17.42billionpounds.ReadmoreNote(s):UnitedKingdom(Scotland);2021Source(s):OfficeforNationalStatistics(UK)GrossdomesticproductofWalesin2021,bylocal(ITL3)area(inmillionGBP)GDPofWales2021,bylocalareaGDPinmillionGDP(CVM2019)*6,000

8,00002,0004,00010,0009,38012,00014,00016,00015,48318,000CardiffandValeofGlamorganFlintshireandWrexhamSouthWestWalesMonmouthshireandNewportBridgendandNeathPortTalbotGwentValleys8,2426,6716,6266,548CentralValleys6,2315,983SwanseaConwyandDenbighshireGwynedd4,1242,6532,558PowysIsleofAnglesey1,19611Description:CardiffandtheValeofGlamorganwasthelocalareathatproducedthehighestamountofgrossdomesticproductin2021,atalmost15.5billionBritishpounds.BycontrasttheIsleofAngleseyhadaGDPofjustunder1.2billionpounds,thelowestoftheprovidedWelshregions.ReadmoreNote(s):UnitedKingdom(Wales);2021Source(s):OfficeforNationalStatistics(UK)GrossdomesticproductofNorthernIrelandin2021,bylocal(ITL3)area(inmillionGBP)GDPofNorthernIreland2021,bylocalareaGDPinmillionGDP(CVM2019)*4,000

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8,00002,00010,00012,00014,00016,000BelfastArmaghCity,BanbridgeandCraigavonMidUlster14,3864,6194,2683,759AntrimandNewtownabbeyLisburnandCastlereaghNewry,MourneandDownDerryCityandStrabaneMidandEastAntrim3,6573,6303,3972,9002,717FermanaghandOmaghCausewayCoastandGlensArdsandNorthDown2,5732,53012/statistics/1243847/northern-ireland-gdp-by-local-areaIn2021,thegrossdomesticproductofBelfastamountedtoapproximately14.4billionBritishpounds,themostofanyoftheprovidedlocalareasofNorthernIreland,withArmaghCity,BanbridgeandCraigavonadistantsecondat4.62billionpounds.ReadmoreNote(s):UnitedKingdom(NorthernIreland);2021Source(s):OfficeforNationalStatistics(UK)CHAPTER

02GDPgrowthForecastedannualgrowthofgrossdomesticproductintheUnitedKingdomfrom2000to2028GDPgrowthforecastfortheUK2000-202810%8%6%4%2%0%-2%-4%-6%-8%-10%-12%14Description:In2023thegrossdomesticproduct(GDP)oftheUnitedKingdomgrewby0.3percentandisexpectedtogrowby0.8percentin2024and1.9percentin2025.Theslightlystrongergrowthanticipatedin2025isexpectedtocontinueuntil2028,withgrowthratesofbetween1.7andtwopercentexpectedbetween2026and2028.ThesuddenemergenceofCOVID-19in2020andsubsequentclosureoflargepartsoftheeconomywerethecauseofthehuge9.4percentcontractionin2020,with[...]

ReadmoreNote(s):UnitedKingdom;2000to2028;*ForecastdataReadmoreSource(s):OfficeforBudgetResponsibilityAnnualgrowthofgrossdomesticproductintheUnitedKingdomfrom1949to2023AnnualGDPgrowthintheUK1949-202310%5%0%-5%-10%-15%15Description:TheUnitedKingdom'seconomygrewby0.1percentin2023,afteragrowthrateof4.3percentin2022.8.7percentin2021,andarecord10.4percentdeclinein2020.Duringtheprovidedtimeperiod,thebiggestannualfallingrossdomesticproductbefore2020occurredin2009,whentheUKeconomycontractedby4.5percentattheheightoftheglobalfinancialcrisisofthelate2000s.Between1949and2020,theyearwiththehighestannualGDPgrowthratewas1973,whentheUK[...]

ReadmoreNote(s):UnitedKingdom;1949to2023Source(s):OfficeforNationalStatistics(UK)QuarterlygrowthofgrossdomesticproductintheUnitedKingdomfrom1stquarter2019to4thquarter2023QuarterlyGDPgrowthoftheUK2019-202320%16.8%15%10%5%7.3%1.7%

1.5%1.4%0.7%0.7%0.5%0.3%0.1%0.1%

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-0.3%-1%-2.7%-5%-10%-15%-20%-25%-20.3%Q2Q1Q2Q3Q4Q1Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q42019

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202316Description:TheUKeconomyended2023inrecession,withnegativegrowthreportedinthelasttwoquartersof2023.GDPgrowthinthethirdquarterof2023was-0.1percent,followedby-0.,4percentinthefourthquarter.Inthethirdquarterof2020theUKexperiencedrecordsettinggrowthof16.8percent,whichitselffollowedtherecord20.3percentcontractioninQ22020.ReadmoreNote(s):UnitedKingdom;Q12019toQ42023Source(s):OfficeforNationalStatistics(UK)MonthlygrowthofgrossdomesticproductintheUnitedKingdomfromJanuary2019toFebruary2024MonthlyGDPgrowthoftheUK2019-202415%10%5%0%-5%-10%-15%-20%-25%Jan

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2417Description:TheUKeconomygrewby0.1percentinFebruary2024,aftergrowingby0.3percentinthepreviousmonth.Sincethehuge19.6percentdeclineinGDPinApril2020,theUKeconomyhasgraduallyrecoveredandisnowaround1.8percentlargerthanitwasbeforetheCOVID-19pandemic.Aftertheinitialrecoveryfromthepandemic,however,theUKeconomyhaseffectivelyflatlined,fluctuatingbetweenlowgrowthandsmallcontractionssinceJanuary2022.ReadmoreNote(s):UnitedKingdom;January2019toFebruary2024Source(s):OfficeforNationalStatistics(UK)MonthlygrowthofgrossdomesticproductintheUnitedKingdomfromJanuary2019toFebruary2024,bymainsectorsMonthlyGDPgrowthintheUKbymainsectors2019-2024AgricultureProductionConstructionServices30%20%10%0%-10%-20%-30%-40%-50%Jan

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2418Description:InFebruary2024,outputinUKconstructiongrewby0.1percent,withservicesoutputandagricultureoutputbothgrowingby0.2percent.Conversely,productionoutputintheUKfellby0.2percent.ReadmoreNote(s):UnitedKingdom;January2019toFebruary2024Source(s):OfficeforNationalStatistics(UK)ContributiontogrossdomesticproductgrowthintheUnitedKingdominJanuary2023,bysectorContributiontoGDPgrowthintheUK2023,bysectorGDPgrowth0.0%

0.0%0.0%Education0.1%0.1%0.1%0.1%0.1%0.2%0.15%HumanhealthandsocialworkactivitiesTransportandstorage0.06%0.06%Arts,entertainmentandrecreationWholesaleandretail:repairofmotorvehiclesandmotorcyclesProfessional,scientificandtechnicalactivitiesOtherserviceactivities0.05%0.03%0.02%0.02%0.02%0.02%0.02%FinancialandinsuranceactivitiesAdministrativeandsupportserviceactivitiesInformationsandcommunicationWatersupply,sewerageetcAccommodationandfoodserviceactivitesElectricity,gas,steamandair0.01%0.01%0.01%19Description:InJanuary2023,theUKeconomygrewby0.3percent,withtheeducationsectorcontributingthemostofanyindustrytowardsGDPgrowthinthismonth.ReadmoreNote(s):UnitedKingdom;January2023Source(s):OfficeforNationalStatistics(UK)AnnualgrowthratesofgrossdomesticproductintheUnitedKingdomfrom1999to2021,bycountryGDPgrowthrateintheUK1999-2021,bycountryEnglandScotlandWalesNorthernIreland15%10%5%0%-5%-10%-15%1999

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202120Description:In2021theeconomiesofEngland,Scotland,Wales,andNorthernIrelandallexperiencedstronggrowthrates,followingthehugedeclineinGDPin2020,duetotheCOVID-19pandemic.ReadmoreNote(s):UnitedKingdom;1999to2021Source(s):OfficeforNationalStatistics(UK)AnnualgrowthratesofgrossdomesticproductintheUnitedKingdomin2021,byregionGDPgrowthrateintheUK2021,byregionGDPgrowthrate4%

5%0%1%2%3%6%7%8%7.5%9%10%11%UnitedKingdomNorthWest9.9%9.8%9.6%9.4%9.4%9.1%9%YorkshireandTheHumberEastEastMidlandsNorthEastWalesNorthernIrelandSouthWest8.5%8.5%8.2%8%LondonSouthEastWestMidlandsScotland7.5%21Description:In2021,theUKeconomygrewby7.5percent,withtheregionofNorthWestEnglandgrowingbythefastestrateinthisyear,at9.9percent.ReadmoreNote(s):UnitedKingdom;2021Source(s):OfficeforNationalStatistics(UK)AnnualgrowthratesofgrossdomesticproductinScotlandin2021,bylocal(ITL3)areaGDPgrowthofScotland2021,bylocalareaAnnualgrowthrate0%

2%4%6%8%10%12%Scotland7.5%EastAyrshireandNorthAyrshiremainland11.2%10.9%SouthAyrshireSouthLanarkshire10.9%10.9%OrkneyIslandsLochaber,SkyeandLochalsh,ArranandCumbrae,andArgyllandButeInvernessandNairn,Moray,BadenochandStrathspeyAngusandDundeeCity10.2%10%9.7%9.6%9.5%9.5%9.5%FalkirkEastLothianandMidlothianNah-EileananSiarCaithnessandSutherland,andRossandCromartyWestLothian9.3%22Description:In2021annualgrowthratesforgrossdomesticproductinScotlandvariedfromnegative11.2percentinEastAyrshireandNorthAyrshireto5.4percentinDumfriesandGalloway.

ReadmoreNote(s):UnitedKingdom(Scotland);2021Source(s):OfficeforNationalStatistics(UK)AnnualgrowthratesofgrossdomesticproductinWalesin2021,bylocal(ITL3)areaGDPgrowthofWales2021,bylocalareaAnnualgrowthrate6%0%2%4%8%10%9.1%12%14%16%WalesFlintshireandWrexhamGwynedd13.5%13.1%12.5%SouthWestWalesGwentValleys10.4%CentralValleys9.8%9.6%9.4%BridgendandNeathPortTalbotMonmouthshireandNewportIsleofAnglesey8.5%ConwyandDenbighshirePowys7.4%7.3%CardiffandValeofGlamorganSwansea6.1%5.1%23Description:In2021,thegrossdomesticproductinWalesgrewby9.1percent,withgrowthatalocallevelgrowingfastestinFlintshireandWrexham,at13.5percent.ReadmoreNote(s):UnitedKingdom(Wales);2021Source(s):OfficeforNationalStatistics(UK)AnnualgrowthratesofgrossdomesticproductinNorthernIrelandin2021,bylocal(ITL3)areaGDPgrowthofNorthernIreland2021,bylocalareaAnnualgrowthrate4%

6%0%2%8%10%12%14%NorthernIrelandMidUlster9%12.3%11.9%BelfastAntrimandNewtownabbeyFermanaghandOmaghArmaghCity,BanbridgeandCraigavonLisburnandCastlereaghDerryCityandStrabaneMidandEastAntrim10.3%8.9%8.2%7.9%7.2%6.9%6.7%CausewayCoastandGlensNewry,MourneandDownArdsandNorthDown5.1%4%24Description:ThegrossdomesticproductofNorthernIrelandgrewbyninepercentin2021,witheconomicgrowthfastestinMidUlster,wherethelocaleconomygrewby12.3percent.

ReadmoreNote(s):UnitedKingdom(NorthernIreland);2021Source(s):OfficeforNationalStatistics(UK)CHAPTER

03GDPpercapitaGrossdomesticproductpercapitaintheUnitedKingdomfrom1955to2023(inGBP)GDPpercapitaintheUK1955-202335,00030,00025,00020,00015,00010,0005,00026Description:In2023,grossdomesticproductperheadintheUnitedKingdomwas33,271Britishpounds,comparedwith33,497poundsinthepreviousyear.

ReadmoreNote(s):UnitedKingdom;1955to2023;*GDPisdisplayedinrealterms(seasonallyadjustedchainedvolumemeasurewith2019asthereferenceyear)

ReadmoreSource(s):OfficeforNationalStatistics(UK)AnnualGDPpercapitagrowthintheUnitedKingdomfrom1956to2023AnnualGDPpercapitagrowthintheUK1956-202310%5%0%-5%-10%-15%27Description:GDPperpersonfellbyaround0.7percentin2023,aftergrowingby3.2percentin2022.In2020grossdomesticproductpercapitashrankbyarecord10.7percentintheUnitedKingdom,beforegrowingby8.8percentin2021.Priorto2021,thehighestyear-on-yearincreasewasrecordedin1973whenGDPpercapitagrewby6.3percent.ReadmoreNote(s):UnitedKingdom;1956to2023Source(s):OfficeforNationalStatistics(UK)QuarterlyGDPpercapitaintheUnitedKingdomfrom1stquarter2019to4thquarter2023(inGBP)QuarterlyGDPpercapitaintheUK2019-20239,0008,389

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202328Description:Inthefourthquarterof2023,thequarterlyGDPperpersonintheUnitedKingdomwas8,250Britishpounds,comparedwith8,299poundsinthepreviousquarter.ReadmoreNote(s):UnitedKingdom;Q12019toQ42023Source(s):OfficeforNationalStatistics(UK)QuarterlyGDPpercapitagrowthintheUnitedKingdomfrom1stquarter2019to4thquarter2023(inGBP)QuarterlyGDPpercapitagrowthintheUK2019-202320%16.8%15%10%5%7.4%1.4%1.4%

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202329Description:Inthefourthquarterof2023,quarterlygrowthinGDPpercapitaintheUnitedKingdomwas-0.6percent,comparedwiththepreviousquarterwhentherewasalsoanegativegrowthrate,butat0.4percent.

ReadmoreNote(s):UnitedKingdom;Q12019toQ42023Source(s):OfficeforNationalStatistics(UK)GrossdomesticproductpercapitaoftheUnitedKingdomfrom1999to2021,bycountry(inGBP)GDPpercapitaoftheUK1999-2021,bycountryEnglandScotlandWalesNorthernIreland40,00035,00030,00025,00020,00015,0001998

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202130Description:In2021,thegrossdomesticproductpercapitainEnglandwas32,763Britishpounds,comparedwith29,035inScotland,24,339inWales,and25,399inNorthernIreland.

ReadmoreNote(s):UnitedKingdom;1999to2021;*GDPisdisplayedinrealterms(seasonallyadjustedchainedvolumemeasurewith2019asthereferenceyear)

ReadmoreSource(s):OfficeforNationalStatistics(UK)GrossdomesticproductpercapitaoftheUnitedKingdomin2021,byregion(inGBP)GDPpercapitaoftheUK2021,byregionGDPpercapitainGBP(CVM2019)*20,000

30,000010,00040,00050,00060,000UnitedKingdomLondon31,94756,431SouthEast34,326Scotland29,03528,87227,97727,93726,134EastNorthWestSouthWestWestMidlandsYorkshireandTheHumberEastMidlandsNorthernIrelandWales26,00725,97425,39924,33923,207NorthEast31/statistics/1168072/uk-gdp-per-head-by-regionIn2021,thegrossdomesticproductperpersoninLondonwas56,431pounds,24,484poundsmorethantheaveragefortheentireUnitedKingdom,andover33,224morethantheNorthEastofEngland,whichhadthelowestGDPperheadinthisyear.ReadmoreNote(s):UnitedKingdom;2021;*GDPisdisplayedinrealterms(seasonallyadjustedchainedvolumemeasurewith2019asthereferenceyear)

ReadmoreSource(s):OfficeforNationalStatistics(UK)CHAPTER

04GlobalComparisonsThe20countrieswiththelargestgrossdomesticproduct(GDP)in2022(inbillionU.S.dollars)Countrieswiththelargestgrossdomesticproduct(GDP)2022GDPinbillionU.S.dollars15,00005,00010,00020,00025,00030,000UnitedStatesChina25,462.7317,886.33JapanGermanyIndia4,237.534,085.683,389.69UnitedKingdomFrance3,081.872,780.14Russia2,244.25CanadaItalyBrazilAustraliaKorea2,137.942,012.011,920.021,702.551,673.9233Description:In2022,theUnitedStateshadthelargesteconomyintheworld,withagrossdomesticproductofjustunder25.5trillionU.S.dollars.Chinahadthesecondlargesteconomy,ataround18.1trillionU.S.dollars.Theremainingcountriesthatroundedouttheworld's20largesteconomiesallhadGDPsthatrangedbetween800billionandfivetrillionU.S.dollars.Comparedtothe20largesteconomiesin2020,Turkeymovedinto19thplacein2022,pushingTaiwanoffthelist.

ReadmoreNote(s):WorldwideSource(s):IMFGrossdomesticproductatcurrentmarketpricesofselectedEuropeancountriesin2022(inmillioneuros)GDPofEuropeancountriesin2022GDPinmillioneuros(atcurrentprices)0500,0001,000,0001,500,0002,000,0002,500,0003,000,0003,500,0004,000,0004,500,000GermanyUnitedKingdom*France3,869,9002,904,0892,639,092Italy1,909,153.6Spain1,327,108NetherlandsTurkey941,186862,010.8SwitzerlandPoland767,616.2656,905.5560,958.6SwedenNorwayBelgiumIreland551,408.9549,456.2502,583.534Description:WithaGrossDomesticProductofover3.87trillionEuros,theGermaneconomywasbyfarthelargestinEuropein2022.Thesimilar-sizedeconomiesoftheUnitedKingdomandFrancewerethesecondandthirdlargesteconomiesinEuropeduringthisyear,followedbyItalyandSpain.ThesmallesteconomyinthisstatisticisthatofthesmallBalkannationofMontenegro,whichhadaGDPof5.8billionEuros.Inthisyear,thecombinedGDPofthe27memberstatesthatcomposethe[...]

ReadmoreNote(s):Europe;2022;*DatafortheUnitedKingdomistakenfromtheInternationalMonetaryFund(IMF)andiscalculatedatthePound/Euroexchangerateon6/20/2023(1Pound=1.17Euros).

**KosovoisadministratedundertheUnited[...]

ReadmoreSource(s):Eu