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 e ntity 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...
