Why is the US economy larger than the EU's despite similar population sizes?

The US GDP per capita (~$85,000) significantly exceeds the EU average (~$42,900) due to higher productivity levels, a unified market reducing transaction costs, and a larger technology and innovation sector. The US also has lower regulatory fragmentation, enabling faster capital deployment and business scaling.

Do US states really outperform EU economies in wealth per person?

Yes. California, Texas, and New York have GDP per capita exceeding $90,000, while only the Netherlands (€62,537 ≈ $75,000) among EU's top 5 economies approaches this level. Spain, the EU's fourth-largest economy, ranks seventh with the lowest GDP per capita (€32,000) among the top 10 regional economies analyzed.

Which economy has better fiscal health—US or EU?

The EU demonstrates superior fiscal discipline with a 2024 budget deficit of €352.7 billion (0.87% of GDP), while the US deficit reached €2.13 trillion (7.4% of GDP). However, the US generates larger absolute revenues, allowing higher government spending ($30,054 per capita vs €14,313 for EU).

How do military expenditures compare between the US and EU?

The US spent €925.8 billion on defense in 2024, representing 3.4% of GDP, while the EU collectively spent €265.7 billion (1.4% of GDP). The US spends 3.5x more in absolute terms, reflecting its global military commitments and NATO leadership role.

Is the EU's lower per capita GDP a sign of economic weakness?

No. The EU's lower per capita GDP reflects different policy priorities: higher taxes fund comprehensive social safety nets, universal healthcare, and stronger labor protections. The Gini coefficient (0.30 vs US 0.41) shows the EU achieves greater income equality, making lower per capita figures less concerning for average citizens' living standards.

US Economy vs EU Economy - GDP Comparison

Updated May 2, 2026

United States Economy

World's largest economy by nominal GDP with $31.8 trillion in 2026

Investors seeking exposure to high-growth sectors and consumers valuing individual wealth accumulation; businesses requiring access to the world's largest consumer market.

European Union Economy

Second-largest global economy with $19 trillion nominal GDP, featuring strong fiscal discipline and social safety nets across 27 member states.

Investors prioritizing stability and social equity; businesses seeking access to 450+ million consumers with standardized regulations; workers valuing work-life balance and social protection.

Short Answer

The US economy is larger in total GDP at approximately $28 trillion compared to the EU's $19 trillion, but EU economies have similar per capita wealth levels with some top US states outperforming EU nations significantly in GDP per capita.

Our Verdict

The US economy is substantially larger in absolute terms and demonstrates higher per capita wealth, with top US states like California outperforming the EU's wealthiest economies. However, the EU maintains competitive GDP per capita levels in wealthy nations like the Netherlands and shows better fiscal discipline with a significantly smaller budget deficit relative to economic size. Choose the US if comparing raw economic power and individual prosperity; choose the EU if prioritizing balanced fiscal management and stable growth across diverse economies.

United States Economy10

5European Union Economy

Choose United States Economy if

Key Differences at a Glance

💵

Total GDP (Nominal): United States Economy wins ($28.0 trillion vs $19.0 trillion)

💵

GDP Per Capita (Nominal USD): United States Economy wins ($85,000 vs $39,970)

🔹

Government Expenditure (2024): United States Economy wins ($11.06 trillion vs $6.34 trillion)

See all 7 differences

Key Facts & Figures

Metric	United States Economy	European Union Economy	Diff
Nominal GDP(trillion USD)	$25.5T	—	—
Total Nominal GDP 2026(USD trillion)	$30.0-30.5 trillion	—	—
Global EV Production Share(%)	17%	—	—
Global Battery (LFP) Production(%)	~6%	—	—

Key Differences

United States Economy

Attribute

European Union Economy

$28.0 trillion🏆

Total GDP (Nominal)

$19.0 trillion

$85,000🏆

GDP Per Capita (Nominal USD)

$39,970

$11.06 trillion🏆

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Full Comparison

Attribute	United States Economy	European Union Economy

Nominal GDP(trillion USD)	$25.5T	—
Total GDP 2026(USD Trillions)	30.0+	—
Nominal GDP 2026(USD Trillions)	$31.8 trillion	—
Total Nominal GDP (2026)(USD Trillion)	$28.0 trillion	$19.0 trillion

Total Nominal GDP 2026(USD trillion)	$30.0-30.5 trillion	—
Gross Domestic Product (GDP)(USD trillions)	$31 trillion	—

Global EV Production Share(%)	17%	—

Global Battery (LFP) Production(%)	~6%	—

Global Manufacturing Output(%)	~16%	—

Unemployment Rate 2026 (Projected)(%)	~3.8-4.0%	—
Unemployment Rate Projection(%)	~4.0%	—
Unemployment Rate Forecast 2026(percent)	~4.0%	—
Unemployment Rate(Percentage)	~3.9%	—

Advanced Semiconductor Market Leadership(Qualitative)	Dominant (Intel, TSMC partnership, Samsung); controls cutting-edge nodes	—
AI Chip Technology Leadership(competitive ranking)	Global leader in design and manufacturing	—
Semiconductor & Chip Design Leadership(Qualitative)	Global market leader	—
AI Adoption Growth Contribution(percentage points)	0.4-0.6%	—

Total GDP(USD Trillions)	$30+	—

GDP Growth Rate(% annual)	2-3%	—
Real GDP Growth Rate 2026(%)	2.2%	—

Global EV Market Share(%)	20-25%	—

Tariff Impact on GDP (2026 risk)(percentage points reduction)	Moderate exposure	—

Projected GDP Growth Rate 2026(percent)	2.2%	—
Annual GDP Growth Rate(%)	~2.1%	—
GDP Growth Rate (YoY)(Percentage)	~2.8%	—

Government Defense Expenditure(USD Billions)	$925.8 billion	—
Government Defense Expenditure 2024(billion USD)	$925.8 billion	—
Defence Expenditure (2024)(billion USD)	€925.8 billion	—
Total Government Expenditure 2024(USD Billion)	$10,266.8	—
Government Defense Expenditure (2024)(billion €)	€925.8 billion	—
Show 1 more attribute Government Expenditure(USD Million) €10,217,935.3 million —

Global Manufacturing Output Share(%)	16%	—

Government Health Expenditure(USD Million)	$4.18 trillion (2024)	—

Tariff Impact Risk on GDP(Percentage Points)	0.3-0.5%	—
Potential Tariff Impact on GDP(USD billion)	Minimal (exporter advantage)	—

Government Health Expenditure 2024(billion USD)	$4,175 billion	—

Education Expenditure Per Capita 2023(USD)	$4,481	—

EV Production Share(% of global)	~20%	—
Semiconductor Technology Tier(nanometers)	Leading edge (3nm and below)	—

Solar Panel Manufacturing(% of global)	6%	—

Tariff Impact Risk 2026(% GDP reduction)	Minimal negative impact	—

Per Capita Income(USD)	$89,000+	—
Per Capita GDP 2026(USD)	$89,000	—
Per Capita GDP (Nominal)(USD)	$89,000+	—
GDP Per Capita 2026(USD)	$94,430	—

Global Solar Panel Production(Percent)	~10%	—

Semiconductor Technology Leadership(index (0-100))	Leading in design and manufacturing	—
Global EV Production Market Share(percent)	25-30% of global EVs	—

GDP Growth Rate (2026)(%)	2.0-2.5%	—
Expected GDP Growth Rate 2026(%)	2.0-2.5%	—
GDP Growth Rate (2026 Target)(%)	2.0-2.5%	—
GDP Growth Rate 2026(%)	2.0-3.0%	—

Solar Panel Production(% of global)	8-10%	—

2026 GDP Growth Target(percent)	2.0-2.5%	—

Health Expenditure (Government)(million USD)	$4,175,432 million (2024)	—

Defense Expenditure(Million Euros)	€925,796.8 million	—
Defense Expenditure 2024(USD Billion)	$925.8	—

Tariff Vulnerability Impact(USD Billions)	Lower exposure	—
Potential Tariff Impact (2026-2027)(billion USD annual reduction)	$50-150B	—

Battery Production (LFP)(Percent (%))	~6% of global	—
Lithium Iron Phosphate Battery Production(%)	~15%	—

LFP Battery Production Share(%)	6%	—

Tariff Impact Risk to GDP(percentage points)	Minimal	—

Global Solar Panel Production Share(%)	9%	—

Potential Tariff Impact on GDP Growth(percentage points)	0.2-0.4pp	—

AI Adoption Boost to Growth(Percentage Points)	0.3-0.5% (from AI investment)	—

GDP Per Capita(USD)	$89,000	—

Lithium Iron Phosphate Battery Production Share(%)	4%	—

EV Production (Global Share)(%)	15%	—
Solar Panel Production (Global Share)(%)	12%	—

Government Debt to GDP(%)	120%	—
Government Debt-to-GDP Ratio(percent)	123%	—

PPP-Adjusted GDP 2026(trillion USD)	$31.5 trillion	—

Per Capita GDP(USD)	$94,850	—
GDP Per Capita 2024(USD)	$86,173	—

Projected Annual GDP Growth Rate(percent)	2.1%	—

Global Economic Ranking 2026(rank)	1st	—

Population(millions)	335 million	—

Annual R&D Investment(USD billion)	$809 billion	—

Share of Global GDP(percent)	25.7%	—
Share of Global GDP 2026(%)	26.2%	—

Global Manufacturing Share(percent)	12-15%	—

Primary Tech Focus Area	AI, semiconductors, cloud, fintech	—

Average EV Cost (Entry Model)(USD (converted))	$35,000-45,000	—

GDP Per Capita (Nominal)(USD)	$94,430	—

GDP Gap vs Competitor(USD Trillions)	$11.1 trillion ahead	—

Q1 2026 GDP Growth Rate(Percent Year-over-Year)	Data not available	—

Q1 2026 Industrial Output Growth(Percent Year-over-Year)	Data not available	—

Global Economic Ranking(Rank)	1st	—

GDP as Percentage of Global Economy(Percent)	~25-26% of global GDP	—

Q1 2026 Inflation Rate(Percent)	Data not available	—

Global Economic Rank 2026(rank)	1st	—

Projected Global Rank 2031(rank)	1st (maintained)	—

Expected Consumption Growth 2026(%)	~1.8%	—

Goldman Sachs Growth Forecast 2026(%)	Not specified	—

GDP Per Capita (Nominal, 2026)(USD)	$85,000	$42,900

Education Expenditure Per Capita(Euros)	€3,981	—

Fragile States Index(Score (0-120))	44.5	—

Exchange Rate vs Euro(EUR conversion)	1 EUR = 1.1797 USD	—

United States Economy

European Union Economy

Nominal GDP(trillion USD)

$25.5T

—

Total GDP 2026(USD Trillions)

30.0+

—

Nominal GDP 2026(USD Trillions)

$31.8 trillion

—

Total Nominal GDP (2026)(USD Trillion)

$28.0 trillion

$19.0 trillion

Total Nominal GDP 2026(USD trillion)

$30.0-30.5 trillion

—

Gross Domestic Product (GDP)(USD trillions)

$31 trillion

—

Global EV Production Share(%)

17%

—

Global Battery (LFP) Production(%)

~6%

—

Global Manufacturing Output(%)

~16%

—

Unemployment Rate 2026 (Projected)(%)

~3.8-4.0%

—

Unemployment Rate Projection(%)

~4.0%

—

Unemployment Rate Forecast 2026(percent)

~4.0%

—

Unemployment Rate(Percentage)

~3.9%

—

Advanced Semiconductor Market Leadership(Qualitative)

Dominant (Intel, TSMC partnership, Samsung); controls cutting-edge nodes

—

AI Chip Technology Leadership(competitive ranking)

Global leader in design and manufacturing

—

Semiconductor & Chip Design Leadership(Qualitative)

Global market leader

—

AI Adoption Growth Contribution(percentage points)

0.4-0.6%

—

Total GDP(USD Trillions)

$30+

—

GDP Growth Rate(% annual)

2-3%

—

Real GDP Growth Rate 2026(%)

2.2%

—

Global EV Market Share(%)

20-25%

—

Tariff Impact on GDP (2026 risk)(percentage points reduction)

Moderate exposure

—

Projected GDP Growth Rate 2026(percent)

2.2%

—

Annual GDP Growth Rate(%)

~2.1%

—

GDP Growth Rate (YoY)(Percentage)

~2.8%

—

Government Defense Expenditure(USD Billions)

$925.8 billion

—

Government Defense Expenditure 2024(billion USD)

$925.8 billion

—

Defence Expenditure (2024)(billion USD)

€925.8 billion

—

Total Government Expenditure 2024(USD Billion)

$10,266.8

—

Government Defense Expenditure (2024)(billion €)

€925.8 billion

—

Show 1 more attribute

Government Expenditure(USD Million)

€10,217,935.3 million

—

Global Manufacturing Output Share(%)

16%

—

Government Health Expenditure(USD Million)

$4.18 trillion (2024)

—

Tariff Impact Risk on GDP(Percentage Points)

0.3-0.5%

—

Potential Tariff Impact on GDP(USD billion)

Minimal (exporter advantage)

—

Government Health Expenditure 2024(billion USD)

$4,175 billion

—

Education Expenditure Per Capita 2023(USD)

$4,481

—

EV Production Share(% of global)

~20%

—

Semiconductor Technology Tier(nanometers)

Leading edge (3nm and below)

—

Solar Panel Manufacturing(% of global)

—

Tariff Impact Risk 2026(% GDP reduction)

Minimal negative impact

—

Per Capita Income(USD)

$89,000+

—

Per Capita GDP 2026(USD)

$89,000

—

Per Capita GDP (Nominal)(USD)

$89,000+

—

GDP Per Capita 2026(USD)

$94,430

—

Global Solar Panel Production(Percent)

~10%

—

Semiconductor Technology Leadership(index (0-100))

Leading in design and manufacturing

—

Global EV Production Market Share(percent)

25-30% of global EVs

—

GDP Growth Rate (2026)(%)

2.0-2.5%

—

Expected GDP Growth Rate 2026(%)

2.0-2.5%

—

GDP Growth Rate (2026 Target)(%)

2.0-2.5%

—

GDP Growth Rate 2026(%)

2.0-3.0%

—

Solar Panel Production(% of global)

8-10%

—

2026 GDP Growth Target(percent)

2.0-2.5%

—

Health Expenditure (Government)(million USD)

$4,175,432 million (2024)

—

Defense Expenditure(Million Euros)

€925,796.8 million

—

Defense Expenditure 2024(USD Billion)

$925.8

—

Tariff Vulnerability Impact(USD Billions)

Lower exposure

—

Potential Tariff Impact (2026-2027)(billion USD annual reduction)

$50-150B

—

Battery Production (LFP)(Percent (%))

~6% of global

—

Lithium Iron Phosphate Battery Production(%)

~15%

—

LFP Battery Production Share(%)

—

Tariff Impact Risk to GDP(percentage points)

Minimal

—

Global Solar Panel Production Share(%)

—

Potential Tariff Impact on GDP Growth(percentage points)

0.2-0.4pp

—

AI Adoption Boost to Growth(Percentage Points)

0.3-0.5% (from AI investment)

—

GDP Per Capita(USD)

$89,000

—

Lithium Iron Phosphate Battery Production Share(%)

—

EV Production (Global Share)(%)

15%

—

Solar Panel Production (Global Share)(%)

12%

—

Government Debt to GDP(%)

120%

—

Government Debt-to-GDP Ratio(percent)

123%

—

PPP-Adjusted GDP 2026(trillion USD)

$31.5 trillion

—

Per Capita GDP(USD)

$94,850

—

GDP Per Capita 2024(USD)

$86,173

—

Projected Annual GDP Growth Rate(percent)

2.1%

—

Global Economic Ranking 2026(rank)

1st

—

Population(millions)

335 million

—

Annual R&D Investment(USD billion)

$809 billion

—

Share of Global GDP(percent)

25.7%

—

Share of Global GDP 2026(%)

26.2%

—

Global Manufacturing Share(percent)

12-15%

—

Primary Tech Focus Area

AI, semiconductors, cloud, fintech

—

Average EV Cost (Entry Model)(USD (converted))

$35,000-45,000

—

GDP Per Capita (Nominal)(USD)

$94,430

—

GDP Gap vs Competitor(USD Trillions)

$11.1 trillion ahead

—

Q1 2026 GDP Growth Rate(Percent Year-over-Year)

Data not available

—

Q1 2026 Industrial Output Growth(Percent Year-over-Year)

Data not available

—

Global Economic Ranking(Rank)

1st

—

GDP as Percentage of Global Economy(Percent)

~25-26% of global GDP

—

Q1 2026 Inflation Rate(Percent)

Data not available

—

Global Economic Rank 2026(rank)

1st

—

Projected Global Rank 2031(rank)

1st (maintained)

—

Expected Consumption Growth 2026(%)

~1.8%

—

Goldman Sachs Growth Forecast 2026(%)

Not specified

—

GDP Per Capita (Nominal, 2026)(USD)

$85,000

$42,900

Education Expenditure Per Capita(Euros)

€3,981

—

Fragile States Index(Score (0-120))

44.5

—

Exchange Rate vs Euro(EUR conversion)

1 EUR = 1.1797 USD

—

Full Comparison

Attribute	United States Economy	European Union Economy

Nominal GDP(trillion USD)	$25.5T	—
Total GDP 2026(USD Trillions)	30.0+	—
Nominal GDP 2026(USD Trillions)	$31.8 trillion	—
Total Nominal GDP (2026)(USD Trillion)	$28.0 trillion	$19.0 trillion

Total Nominal GDP 2026(USD trillion)	$30.0-30.5 trillion	—
Gross Domestic Product (GDP)(USD trillions)	$31 trillion	—

Global EV Production Share(%)	17%	—

Global Battery (LFP) Production(%)	~6%	—

Global Manufacturing Output(%)	~16%	—

Unemployment Rate 2026 (Projected)(%)	~3.8-4.0%	—
Unemployment Rate Projection(%)	~4.0%	—
Unemployment Rate Forecast 2026(percent)	~4.0%	—
Unemployment Rate(Percentage)	~3.9%	—

Advanced Semiconductor Market Leadership(Qualitative)	Dominant (Intel, TSMC partnership, Samsung); controls cutting-edge nodes	—
AI Chip Technology Leadership(competitive ranking)	Global leader in design and manufacturing	—
Semiconductor & Chip Design Leadership(Qualitative)	Global market leader	—
AI Adoption Growth Contribution(percentage points)	0.4-0.6%	—

Total GDP(USD Trillions)	$30+	—

GDP Growth Rate(% annual)	2-3%	—
Real GDP Growth Rate 2026(%)	2.2%	—

Global EV Market Share(%)	20-25%	—

Tariff Impact on GDP (2026 risk)(percentage points reduction)	Moderate exposure	—

Projected GDP Growth Rate 2026(percent)	2.2%	—
Annual GDP Growth Rate(%)	~2.1%	—
GDP Growth Rate (YoY)(Percentage)	~2.8%	—

Government Defense Expenditure(USD Billions)	$925.8 billion	—
Government Defense Expenditure 2024(billion USD)	$925.8 billion	—
Defence Expenditure (2024)(billion USD)	€925.8 billion	—
Total Government Expenditure 2024(USD Billion)	$10,266.8	—
Government Defense Expenditure (2024)(billion €)	€925.8 billion	—
Show 1 more attribute Government Expenditure(USD Million) €10,217,935.3 million —

Global Manufacturing Output Share(%)	16%	—

Government Health Expenditure(USD Million)	$4.18 trillion (2024)	—

Tariff Impact Risk on GDP(Percentage Points)	0.3-0.5%	—
Potential Tariff Impact on GDP(USD billion)	Minimal (exporter advantage)	—

Government Health Expenditure 2024(billion USD)	$4,175 billion	—

Education Expenditure Per Capita 2023(USD)	$4,481	—

EV Production Share(% of global)	~20%	—
Semiconductor Technology Tier(nanometers)	Leading edge (3nm and below)	—

Solar Panel Manufacturing(% of global)	6%	—

Tariff Impact Risk 2026(% GDP reduction)	Minimal negative impact	—

Per Capita Income(USD)	$89,000+	—
Per Capita GDP 2026(USD)	$89,000	—
Per Capita GDP (Nominal)(USD)	$89,000+	—
GDP Per Capita 2026(USD)	$94,430	—

Global Solar Panel Production(Percent)	~10%	—

Semiconductor Technology Leadership(index (0-100))	Leading in design and manufacturing	—
Global EV Production Market Share(percent)	25-30% of global EVs	—

GDP Growth Rate (2026)(%)	2.0-2.5%	—
Expected GDP Growth Rate 2026(%)	2.0-2.5%	—
GDP Growth Rate (2026 Target)(%)	2.0-2.5%	—
GDP Growth Rate 2026(%)	2.0-3.0%	—

Solar Panel Production(% of global)	8-10%	—

2026 GDP Growth Target(percent)	2.0-2.5%	—

Health Expenditure (Government)(million USD)	$4,175,432 million (2024)	—

Defense Expenditure(Million Euros)	€925,796.8 million	—
Defense Expenditure 2024(USD Billion)	$925.8	—

Tariff Vulnerability Impact(USD Billions)	Lower exposure	—
Potential Tariff Impact (2026-2027)(billion USD annual reduction)	$50-150B	—

Battery Production (LFP)(Percent (%))	~6% of global	—
Lithium Iron Phosphate Battery Production(%)	~15%	—

LFP Battery Production Share(%)	6%	—

Tariff Impact Risk to GDP(percentage points)	Minimal	—

Global Solar Panel Production Share(%)	9%	—

Potential Tariff Impact on GDP Growth(percentage points)	0.2-0.4pp	—

AI Adoption Boost to Growth(Percentage Points)	0.3-0.5% (from AI investment)	—

GDP Per Capita(USD)	$89,000	—

Lithium Iron Phosphate Battery Production Share(%)	4%	—

EV Production (Global Share)(%)	15%	—
Solar Panel Production (Global Share)(%)	12%	—

Government Debt to GDP(%)	120%	—
Government Debt-to-GDP Ratio(percent)	123%	—

PPP-Adjusted GDP 2026(trillion USD)	$31.5 trillion	—

Per Capita GDP(USD)	$94,850	—
GDP Per Capita 2024(USD)	$86,173	—

Projected Annual GDP Growth Rate(percent)	2.1%	—

Global Economic Ranking 2026(rank)	1st	—

Population(millions)	335 million	—

Annual R&D Investment(USD billion)	$809 billion	—

Share of Global GDP(percent)	25.7%	—
Share of Global GDP 2026(%)	26.2%	—

Global Manufacturing Share(percent)	12-15%	—

Primary Tech Focus Area	AI, semiconductors, cloud, fintech	—

Average EV Cost (Entry Model)(USD (converted))	$35,000-45,000	—

GDP Per Capita (Nominal)(USD)	$94,430	—

GDP Gap vs Competitor(USD Trillions)	$11.1 trillion ahead	—

Q1 2026 GDP Growth Rate(Percent Year-over-Year)	Data not available	—

Q1 2026 Industrial Output Growth(Percent Year-over-Year)	Data not available	—

Global Economic Ranking(Rank)	1st	—

GDP as Percentage of Global Economy(Percent)	~25-26% of global GDP	—

Q1 2026 Inflation Rate(Percent)	Data not available	—

Global Economic Rank 2026(rank)	1st	—

Projected Global Rank 2031(rank)	1st (maintained)	—

Expected Consumption Growth 2026(%)	~1.8%	—

Goldman Sachs Growth Forecast 2026(%)	Not specified	—

GDP Per Capita (Nominal, 2026)(USD)	$85,000	$42,900

Education Expenditure Per Capita(Euros)	€3,981	—

Fragile States Index(Score (0-120))	44.5	—

Exchange Rate vs Euro(EUR conversion)	1 EUR = 1.1797 USD	—

United States Economy

European Union Economy

Nominal GDP(trillion USD)

$25.5T

—

Total GDP 2026(USD Trillions)

30.0+

—

Nominal GDP 2026(USD Trillions)

$31.8 trillion

—

Total Nominal GDP (2026)(USD Trillion)

$28.0 trillion

$19.0 trillion

Total Nominal GDP 2026(USD trillion)

$30.0-30.5 trillion

—

Gross Domestic Product (GDP)(USD trillions)

$31 trillion

—

Global EV Production Share(%)

17%

—

Global Battery (LFP) Production(%)

~6%

—

Global Manufacturing Output(%)

~16%

—

Unemployment Rate 2026 (Projected)(%)

~3.8-4.0%

—

Unemployment Rate Projection(%)

~4.0%

—

Unemployment Rate Forecast 2026(percent)

~4.0%

—

Unemployment Rate(Percentage)

~3.9%

—

Advanced Semiconductor Market Leadership(Qualitative)

Dominant (Intel, TSMC partnership, Samsung); controls cutting-edge nodes

—

AI Chip Technology Leadership(competitive ranking)

Global leader in design and manufacturing

—

Semiconductor & Chip Design Leadership(Qualitative)

Global market leader

—

AI Adoption Growth Contribution(percentage points)

0.4-0.6%

—

Total GDP(USD Trillions)

$30+

—

GDP Growth Rate(% annual)

2-3%

—

Real GDP Growth Rate 2026(%)

2.2%

—

Global EV Market Share(%)

20-25%

—

Tariff Impact on GDP (2026 risk)(percentage points reduction)

Moderate exposure

—

Projected GDP Growth Rate 2026(percent)

2.2%

—

Annual GDP Growth Rate(%)

~2.1%

—

GDP Growth Rate (YoY)(Percentage)

~2.8%

—

Government Defense Expenditure(USD Billions)

$925.8 billion

—

Government Defense Expenditure 2024(billion USD)

$925.8 billion

—

Defence Expenditure (2024)(billion USD)

€925.8 billion

—

Total Government Expenditure 2024(USD Billion)

$10,266.8

—

Government Defense Expenditure (2024)(billion €)

€925.8 billion

—

Show 1 more attribute

Government Expenditure(USD Million)

€10,217,935.3 million

—

Global Manufacturing Output Share(%)

16%

—

Government Health Expenditure(USD Million)

$4.18 trillion (2024)

—

Tariff Impact Risk on GDP(Percentage Points)

0.3-0.5%

—

Potential Tariff Impact on GDP(USD billion)

Minimal (exporter advantage)

—

Government Health Expenditure 2024(billion USD)

$4,175 billion

—

Education Expenditure Per Capita 2023(USD)

$4,481

—

EV Production Share(% of global)

~20%

—

Semiconductor Technology Tier(nanometers)

Leading edge (3nm and below)

—

Solar Panel Manufacturing(% of global)

—

Tariff Impact Risk 2026(% GDP reduction)

Minimal negative impact

—

Per Capita Income(USD)

$89,000+

—

Per Capita GDP 2026(USD)

$89,000

—

Per Capita GDP (Nominal)(USD)

$89,000+

—

GDP Per Capita 2026(USD)

$94,430

—

Global Solar Panel Production(Percent)

~10%

—

Semiconductor Technology Leadership(index (0-100))

Leading in design and manufacturing

—

Global EV Production Market Share(percent)

25-30% of global EVs

—

GDP Growth Rate (2026)(%)

2.0-2.5%

—

Expected GDP Growth Rate 2026(%)

2.0-2.5%

—

GDP Growth Rate (2026 Target)(%)

2.0-2.5%

—

GDP Growth Rate 2026(%)

2.0-3.0%

—

Solar Panel Production(% of global)

8-10%

—

2026 GDP Growth Target(percent)

2.0-2.5%

—

Health Expenditure (Government)(million USD)

$4,175,432 million (2024)

—

Defense Expenditure(Million Euros)

€925,796.8 million

—

Defense Expenditure 2024(USD Billion)

$925.8

—

Tariff Vulnerability Impact(USD Billions)

Lower exposure

—

Potential Tariff Impact (2026-2027)(billion USD annual reduction)

$50-150B

—

Battery Production (LFP)(Percent (%))

~6% of global

—

Lithium Iron Phosphate Battery Production(%)

~15%

—

LFP Battery Production Share(%)

—

Tariff Impact Risk to GDP(percentage points)

Minimal

—

Global Solar Panel Production Share(%)

—

Potential Tariff Impact on GDP Growth(percentage points)

0.2-0.4pp

—

AI Adoption Boost to Growth(Percentage Points)

0.3-0.5% (from AI investment)

—

GDP Per Capita(USD)

$89,000

—

Lithium Iron Phosphate Battery Production Share(%)

—

EV Production (Global Share)(%)

15%

—

Solar Panel Production (Global Share)(%)

12%

—

Government Debt to GDP(%)

120%

—

Government Debt-to-GDP Ratio(percent)

123%

—

PPP-Adjusted GDP 2026(trillion USD)

$31.5 trillion

—

Per Capita GDP(USD)

$94,850

—

GDP Per Capita 2024(USD)

$86,173

—

Projected Annual GDP Growth Rate(percent)

2.1%

—

Global Economic Ranking 2026(rank)

1st

—

Population(millions)

335 million

—

Annual R&D Investment(USD billion)

$809 billion

—

Share of Global GDP(percent)

25.7%

—

Share of Global GDP 2026(%)

26.2%

—

Global Manufacturing Share(percent)

12-15%

—

Primary Tech Focus Area

AI, semiconductors, cloud, fintech

—

Average EV Cost (Entry Model)(USD (converted))

$35,000-45,000

—

GDP Per Capita (Nominal)(USD)

$94,430

—

GDP Gap vs Competitor(USD Trillions)

$11.1 trillion ahead

—

Q1 2026 GDP Growth Rate(Percent Year-over-Year)

Data not available

—

Q1 2026 Industrial Output Growth(Percent Year-over-Year)

Data not available

—

Global Economic Ranking(Rank)

1st

—

GDP as Percentage of Global Economy(Percent)

~25-26% of global GDP

—

Q1 2026 Inflation Rate(Percent)

Data not available

—

Global Economic Rank 2026(rank)

1st

—

Projected Global Rank 2031(rank)

1st (maintained)

—

Expected Consumption Growth 2026(%)

~1.8%

—

Goldman Sachs Growth Forecast 2026(%)

Not specified

—

GDP Per Capita (Nominal, 2026)(USD)

$85,000

$42,900

Education Expenditure Per Capita(Euros)

€3,981

—

Fragile States Index(Score (0-120))

44.5

—

Exchange Rate vs Euro(EUR conversion)

1 EUR = 1.1797 USD

—

US Economy vs EU Economy - GDP Comparison

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