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Compared to twenty years ago, the EU has lost more than a third of its GDP relative to the United States.
EconomyEuropean Union
- Omissions
- The comparison depends on whether nominal GDP (current prices) or purchasing power parity (PPP) is used; in PPP terms, the gap would be smaller.
- Exchange rate fluctuations between the euro and US dollar significantly affect this comparison when using nominal GDP.
- The claim could not be verified against primary sources due to search limitations; additional official sources would strengthen verification.
- The EU expanded from 25 to 27 members during this period (Bulgaria and Romania joined in 2007), which affects historical comparability.
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