5 Largest Economies in Europe

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1. Germany

Total GDP of the country in 2022 (in billions): $4,031

Easily topping the list of the 20 largest economies in Europe is Germany, which crossed $4 trillion in GDP in 2022. Germany’s economy is expected to improve further in the second half of 2023 as energy pressure on costs and prices will decrease while foreign demand is expected to improve. Despite Russia stopping gas delivery to the country, a gas shortage is extremely unlikely to occur as supplies from other sources have been arranged.

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