EU: First economic superpower Part1

The economy of the European Union generates a GDP of over €11,805.66 billion ($16,447.26 billion in 2009) according to the IMF, making it the largest economy in the world. The EU economy consists of a single market and is represented as a unified entity in the WTO.

Industries
The services sector is by far the most important sector in the European Union, making up 69.4% of GDP, compared to the manufacturing industry with 28.4% of GDP and agriculture with only 2.3% of GDP.

Companies
The European Union's member states are the birthplace of many of the world's largest leading multinational companies, and home to its global headquarters. Among these are distinguished companies ranked first in the world within their industry/sector, like Allianz, which is the largest financial service provider in the world by revenue; Airbus, which is the world's largest aircraft manufacturer; Air France-KLM, which is the largest airline company in the world in terms of total operating revenues; Amorim, which is the world's largest cork-processing and cork producer company; ArcelorMittal, which is the largest steel company in the world; Inditex which is the biggest fashion group in the world; Groupe Danone, which has the world leadership in the dairy products market; Anheuser-Busch InBev, which is the largest beer company in the world; L'Oréal Group, which is the world's largest cosmetics and beauty company; LVMH, which is the world's largest luxury goods conglomerate; Nokia Corporation, which is the world's largest manufacturer of mobile telephones; Royal Dutch Shell, which is one of the largest energy corporations in the world; and Stora Enso, which is the world's largest pulp and paper manufacturer in terms of production capacity, in terms of banking and finance the EU has some of the worlds largest notably HSBC and Grupo Santander, the largest bank in Europe in terms of Market Capitalisation. Many other European companies rank among the world's largest companies in terms of turnover, profit, market share, number of employees or other major indicators. A considerable number of EU-based companies are ranked among the worlds' top-ten within their sector of activity.

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News & Politics

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• european
• union
• first
• economic
• superpower
• in
• the
• world
• europe
• part1

[LibertyCentury]

Europe's economy is bigger and stronger than those of the US and China combined. Think about that...

[FilosofiadiCazzeggio]

mmm..... The longest subliminal message ever?

[rimiserk]

EU will never make it, its just a wet dream of French and German scum.

[teja722]

i counted 5 companies of the 10 listed which are present in My country India ;)

[hatecore27]

the EU can kill off the other power if all countries in the EU fully integrate and and march under one banner

[theeucitizen]

@Waterfall714

You dont know much about EU do you Waterfall714? The EU has a single market, a common currency, a central bank, a supreme court, a parliament, a foreign minister, and a president, so its not like comparing to Asia as a region

[Waterfall714]

@LibertyCentury yes, but Europe is not one country. it's like saying Asia's economy is bigger than US

[youngian]

Not yet a world leader in creative marketing by the looks of it.

[francescomi]

@sanojopidig

Russia is part of EUROPE ( in part )

but the video is about  EUROPEAN UNION , not EUROPE

[sanojopidig]

@SorrybutJebiga russia is a part of europe...

[SorrybutJebiga]

every1 know that EUROPE is stronger than US,Russia,China togheder

[ancestoralmemory]

@michaldee Yeah of course, one word against Poland so I must be a Nazi...no other possible explanations...idiot.