![]() ![]() ![]() ![]() Ĭontaining 5.8 per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around US$16.6 trillion in 2022, constituting approximately one sixth of global nominal GDP and the third-biggest global economy after the United States and China. The EU has often been described as a sui generis political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. The union has a total area of 4,233,255 km 2 (1,634,469 sq mi) and an estimated total population of nearly 447 million. The European Union ( EU) is a supranational political and economic union of 27 member states that are located primarily in Europe. ![]()
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