European Union
European Union
The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe. The supranational union has a total area of 4,233,255 km2 (1,634,469 sq mi) and an estimated population of more than 450 million as of 2025. The EU is often described as a sui generis political entity combining characteristics of both a federation and a confederation.
European Union
Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, accounting for approximately one sixth of global economic output. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act as one. EU policies aim to ensure the free movement of people, goods, services and capital within the internal market; enact legislation in justice and home affairs; and maintain common policies on trade), agriculture, fisheries, and regional development.
European Union
Passport controls have been abolished for travel within the Schengen Area. The eurozone is a group composed of the 21 EU member states that have fully implemented the EU's economic and monetary union and use the euro currency. Through the Common Foreign and Security Policy, the union has developed a role in external relations and defence. It maintains permanent diplomatic missions throughout the world and represents itself at the United Nations, the World Trade Organization, the G7 and the G20. In 2012, the EU was awarded the Nobel Peace Prize.
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