The European Union has a population of 450 million and a market of EUR 18 trillion.
72% confidence
EconomyEuropean Union
Omissions
The MEP did not cite a source for either figure.
The population figure is rounded down from Eurostat's 450.4 million (1 January 2025), which is a standard and acceptable rounding.
No primary official source confirming the exact 'EUR 18 trillion' GDP figure was found in available searches. The figure is a commonly used approximation in EU policy discourse, but its precise basis could not be verified.
The Wikipedia article 'Economy of the European Union' estimates the EU nominal GDP at $23.04 trillion in 2026 (equivalent to approximately EUR 21+ trillion at current exchange rates), suggesting the EUR 18 trillion figure may be conservative or based on earlier data.
Sources
PrimaryEurostatOn 1 January 2025, the EU population was estimated at 450.4 million inhabitants, 1,070,702 more than the previous year.
PrimaryEurostatIn 2025, the EU population was estimated at 451.8 million, having resumed its growth trend in 2022, after the COVID-19 pandemic disruption.