The EU's share of the world economy is regularly declining.

Omissions

• The claim does not specify which metric of 'share of world economy' is being used — nominal GDP, PPP-adjusted GDP, or another measure. The evidence above uses IMF data on GDP based on PPP, which is the standard international comparison.
• The decline is a relative measure: the EU's absolute GDP continues to grow; its share falls because other economies (notably China and India) grow faster.
• The decline is a structural, multi-decade trend and is not perfectly linear year-on-year — there have been occasional periods of relative stability or slight upticks (e.g., during global financial crises when other regions contracted more sharply).
• The IMF April 2026 World Economic Outlook projections for 2025 and 2026 were published after the session date, though the 2023 and 2024 figures describe years the MEP could have known about.

Sources

• PrimaryIMF World Economic Outlook (April 2026) – DatamapperEU share of world GDP based on PPP: 13.77% in 2026 (projected), declining from 13.99% (2025), 14.24% (2024), and 14.55% (2023). The interactive chart shows a continuous downward trajectory from 1980, when the share was approximately 25%, to the present.
• SecondaryStatista – Share of global GDP adjusted for PPP in the EU (1980–2031)EU share of global GDP adjusted for PPP: 2023: 14.55%, 2024: 14.24%, 2025: 13.99%, 2026: 13.77%. Data sourced from IMF. The full series from 1980 shows a decline from approximately 25%.
• SecondaryCentre for European Reform – Policy Brief: Europe and the Global Economic OrderEurope's share of the global economy has been shrinking over time, a trend that is likely to continue as growth in Asia and America outpaces Europe.