Cost of Living is Now the Top Concern for Americans

Nick Routley
2025-09-10 06:18:00
www.visualcapitalist.com

The Size of European Economies by GDP (PPP) in 2025

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Key Takeaways

Western Europe makes up the largest portion of the $43.8 trillion PPP-adjusted European economy, when measured in International dollars.
Eastern Europe ($12.8T) outperforms both Northern ($7.8T) and Southern Europe ($8.3T) in PPP terms, helped in large part by the Russian economy ($7.2T).
However, by nominal USD terms, Eastern Europe is the smallest ($4.6T), outweighed by just the Germany economy ($4.7T).

While many people picture Europe’s prosperity through the lens of its Western powerhouses, a closer look at Europe’s GDP by region reveals a more nuanced regional picture.

The visualization breaks down purchasing-power-parity (PPP)-adjusted output in 2025, showing how different parts of Europe contribute to the continent’s collective wealth.

The data for this visualization comes from the International Monetary Fund.

A PPP-adjusted GDP equalizes price levels across countries to provide a more apples-to-apples view of economic size.

It is measured in International dollars, (Int$) which can hypothetically buy in each country what $1 buys in America.

Regional classifications are sourced from the United Nations Geoscheme.

European Countries by 2025 GDP, Adjusted for Living Costs

In PPP terms, the center of gravity shifts markedly eastward in Europe.

Russia’s Int$7.2 trillion PPP economy props up an Eastern European total of nearly Int$12.9 trillion, leapfrogging both Northern and Southern Europe.

Rank	Country	ISO Code	2025 GDP (PPP-Adjusted)
1	🇷🇺 Russia	RUS	Int$7.2T
2	🇩🇪 Germany	DEU	Int$6.2T
3	🇫🇷 France	FRA	Int$4.5T
4	🇬🇧 UK	GBR	Int$4.4T
5	🇮🇹 Italy	ITA	Int$3.7T
6	🇪🇸 Spain	ESP	Int$2.8T
7	🇵🇱 Poland	POL	Int$2.0T
8	🇳🇱 Netherlands	NLD	Int$1.5T
9	🇷🇴 Romania	ROU	Int$926.8B
10	🇧🇪 Belgium	BEL	Int$899.1B
11	🇨🇭 Switzerland	CHE	Int$881.1B
12	🇸🇪 Sweden	SWE	Int$799.7B
13	🇮🇪 Ireland	IRL	Int$736.7B
14	🇺🇦 Ukraine	UKR	Int$690.1B
15	🇦🇹 Austria	AUT	Int$682.9B
16	🇨🇿 Czechia	CZE	Int$647.3B
17	🇳🇴 Norway	NOR	Int$606.6B
18	🇵🇹 Portugal	PRT	Int$536.1B
19	🇩🇰 Denmark	DNK	Int$533.8B
20	🇬🇷 Greece	GRC	Int$467.6B
21	🇭🇺 Hungary	HUN	Int$464.4B
22	🇫🇮 Finland	FIN	Int$373.2B
23	🇧🇾 Belarus	BLR	Int$311.8B
24	🇧🇬 Bulgaria	BGR	Int$264.7B
25	🇸🇰 Slovakia	SVK	Int$257.0B
26	🇷🇸 Serbia	SRB	Int$216.2B
27	🇭🇷 Croatia	HRV	Int$198.3B
28	🇱🇹 Lithuania	LTU	Int$165.4B
29	🇸🇮 Slovenia	SVN	Int$123.5B
30	🇱🇺 Luxembourg	LUX	Int$104.8B
31	🇱🇻 Latvia	LVA	Int$83.3B
32	🇧🇦 Bosnia & Herzegovina	BIH	Int$78.7B
33	🇪🇪 Estonia	EST	Int$68.2B
34	🇦🇱 Albania	ALB	Int$63.1B
35	🇲🇰 North Macedonia	MKD	Int$53.3B
36	🇲🇩 Moldova	MDA	Int$46.4B
37	🇲🇹 Malta	MLT	Int$43.2B
38	🇮🇸 Iceland	ISL	Int$31.8B
39	🇲🇪 Montenegro	MNE	Int$21.3B
40	🇦🇩 Andorra	AND	Int$6.4B
41	🇸🇲 San Marino	SMR	Int$2.9B

Here are also the regions in GDP (PPP) terms, also in International dollars.

Rank	Region	2025 GDP (PPP-Adjusted)
1	Western Europe	Int$14.8T
2	Eastern Europe	Int$12.8T
3	Southern Europe	Int$8.3T
4	Northern Europe	Int$7.8T
n/a	🇪🇺 Europe	Int$43.8T

Lower price levels in countries such as Poland, Romania, and the Czech Republic strengthen local purchasing power, magnifying their contribution when adjusted for cost of living.

This underscores how traditional dollar-based metrics can understate economic heft in lower-cost regions.

European Economic Power in Nominal Terms

When measured in U.S. dollars, or nominal terms, Western Europe’s output is unmistakably dominant.

Germany alone is on track for a $4.7 trillion economy in 2025, which is larger than Eastern Europe’s collective share in USD ($4.6 trillion).

Rank	Country	ISO Code	2025 GDP (nominal)
1	🇩🇪 Germany	DEU	$4.7T
2	🇬🇧 UK	GBR	$3.8T
3	🇫🇷 France	FRA	$3.2T
4	🇮🇹 Italy	ITA	$2.4T
5	🇷🇺 Russia	RUS	$2.1T
6	🇪🇸 Spain	ESP	$1.8T
7	🇳🇱 Netherlands	NLD	$1.3T
8	🇵🇱 Poland	POL	$980.0B
9	🇨🇭 Switzerland	CHE	$947.1B
10	🇧🇪 Belgium	BEL	$684.9B
11	🇸🇪 Sweden	SWE	$620.3B
12	🇮🇪 Ireland	IRL	$598.8B
13	🇦🇹 Austria	AUT	$534.3B
14	🇳🇴 Norway	NOR	$504.3B
15	🇩🇰 Denmark	DNK	$449.9B
16	🇷🇴 Romania	ROU	$403.4B
17	🇨🇿 Czechia	CZE	$360.2B
18	🇵🇹 Portugal	PRT	$321.4B
19	🇫🇮 Finland	FIN	$303.9B
20	🇬🇷 Greece	GRC	$267.3B
21	🇭🇺 Hungary	HUN	$237.1B
22	🇺🇦 Ukraine	UKR	$205.7B
23	🇸🇰 Slovakia	SVK	$147.0B
24	🇧🇬 Bulgaria	BGR	$117.0B
25	🇭🇷 Croatia	HRV	$99.0B
26	🇱🇺 Luxembourg	LUX	$96.6B
27	🇷🇸 Serbia	SRB	$92.5B
28	🇱🇹 Lithuania	LTU	$89.2B
29	🇸🇮 Slovenia	SVN	$75.2B
30	🇧🇾 Belarus	BLR	$71.6B
31	🇱🇻 Latvia	LVA	$45.5B
32	🇪🇪 Estonia	EST	$45.0B
33	🇮🇸 Iceland	ISL	$35.3B
34	🇧🇦 Bosnia & Herzegovina	BIH	$28.8B
35	🇦🇱 Albania	ALB	$28.4B
36	🇲🇹 Malta	MLT	$25.8B
37	🇲🇩 Moldova	MDA	$19.5B
38	🇲🇰 North Macedonia	MKD	$17.9B
39	🇲🇪 Montenegro	MNE	$8.6B
40	🇦🇩 Andorra	AND	$4.0B
41	🇸🇲 San Marino	SMR	$2.0B

Regions, also in nominal U.S. dollars, are below:

Rank	Region	2025 GDP (Nominal)
1	Western Europe	$11.5T
2	Northern Europe	$6.5T
3	Southern Europe	$5.2T
4	Eastern Europe	$4.6T
n/a	🇪🇺 Europe	$27.8T

Together, Western European nations—including UK and France—account for roughly $11.5 trillion, or 41% of Europe’s total nominal GDP.

Their advanced manufacturing bases, robust consumer markets, and strong trade networks keep the region at the top of the continent’s economic hierarchy.

A Continent of Divergent Growth Paths

Regional disparities hint at Europe’s evolving economic story.

Northern Europe, driven by resource-rich Norway and highly productive Sweden, punches above its population weight, while Southern Europe continues to recover from a decade of sluggish growth.

Meanwhile, several Central and Southeastern states—Poland, Romania, and Hungary among them—show some of the fastest GDP trajectories on the continent, signaling a gradual re-balancing of economic opportunity away from the historic core.

Learn More on the Voronoi App

If you enjoyed today’s post, check out The $115 Trillion World Economy in One Chart on Voronoi, the new app from Visual Capitalist.

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