5 Largest Economies in Europe

In this article we are going to list the 5 largest economies in Europe. For a detailed coverage of this topic and a more comprehensive list please take a look at the 20 largest economies in Europe.

5. Italy

Total GDP of the country in 2022 (in billions): $1,997

Higher domestic demand, especially related to housing, resulted in Italy’s economy growing by 3.9% in 2022, despite a downturn in the second half as energy prices increased significantly. The economy will pick up gradually in 2023 after a small contraction in 2022.