Jaak Madison· ECR

Nuanced

The EU economy constitutes about only 13% of the global economy.

Omissions

• The MEP did not specify whether the figure refers to nominal GDP or PPP (Purchasing Power Parity), which produce different results (13.8% for PPP per IMF, nominal GDP share is slightly different)
• The 13% figure appears to be rounded down from approximately 13.8% (IMF October 2025 data)
• The data reflects a long-term declining trend that the MEP could have contextualized (EU share fell from ~27.5% in 1980 to ~14% in 2025)
• Statista estimates approximately 14% for 2025, slightly higher than the 13% claimed

Sources

• PrimaryInternational Monetary Fund - World Economic Outlook Database (GDP based on PPP)European Union: 13.77 percent of World GDP (PPP basis)
• SecondaryStatista - EU share of global GDPIn 2025, the European Union was estimated to compose approximately 14 percent of global gross domestic product, compared with 27.5 percent in 1980