Election of the Presidents of Chambers of the General Court of the European Union
Written by Györgyi Mácsai and Nadejda Kresnichka-Nikolchova, Members’ Research Service (EPRS) with Raffaele Ventura, GlobalStat, EUI.
This infographic provides insight into the economic performance of the United States (US) compared with the European Union (EU) and examines the trade dynamics between them. In 2024, the Gross Domestic Product (GDP) growth rate for the US was recorded at 2.8%, while the EU experienced a growth rate of 1.1%. Both inflation rates remain stable and show a declining trend compared to the years following the outbreak of the COVID-19 pandemic and the start of the war in Ukraine. The inflation rate in the US was slightly higher than that in the EU. Trade between the US and the EU continues to grow, except for EU imports of goods from the US, which have been in a declining phase since 2022.
Read this ‘infographic’ on ‘US: Economic indicators and trade with EU‘ in the Think Tank pages of the European Parliament.