Eurozone: Facts and Figure.

• Member Nations: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain
• Size: 1,691,658  square miles
• Population: 349,616,346
• Density: 323 people per square mile
• Head of European Commission: Ursula von der Leyen
• Head of European Parliament: David-Maria Sassoli
• Head of European Council: Donald Tusk
• Currency: Euro (EUR)
• Main Imports: Machinery, vehicles, aircraft, plastics, crude oil, chemicals, textiles, metals
• Main Exports: Machinery, motor vehicles, aircraft, plastics, pharmaceuticals and other chemicals, Antonio Banderas, Penelope Cruz, Jean-Claude “The Muscles from Brussels” van Damme
• Imports partners: China 15.89%, U.S. 11.97%, Russia 11.22%, Norway 6.13%, Switzerland 5.14%
• Exports partners: U.S. 19.07%, Russia 8.03%, Switzerland 7.49%, China 6%, Turkey 4.14%
• Time Zones: GMT, GMT+1, GMT+2
• Website: https://europa.eu/

Economic Overview

The eurozone, which comprises more than half of the nations in the EU, ranks as the largest economy with a GDP of $14.372 trillion in 2023.

Being a services-oriented economy, services account for a whopping 70% of its GDP!

On top of that, the eurozone takes pride in being the second most attractive investment market for domestic and international investors.

As an economic union, the eurozone has a standardized system of laws, particularly for trade.

The size of their entire economy makes the eurozone a major player in the international trade arena.

Because the individual countries are grouped as one entity, it enables them to facilitate trade easier, mostly with its number one trade partner, the U.S.

This active participation in international trade also has a significant impact on the role of the EUR as a reserve currency.

This is because countries that transact with the eurozone need to have a significant amount of reserve currencies in order to reduce exchange rate risk and minimize transaction costs.

Learn to Trade Forex

If you’d like to earn extra income trading on the Forex market, consider learning how to currency trade with Forex Smart Trade.   With their super-accurate proprietary trading tools and best-in-the-business, personalized one-on-one training, you’ll be successful.  Check out the Forex Smart Trade webinar.  It shows one of their trader’s trading and how easy, intuitive, and accurate the tools are.  Or try the Forex Smart Trade Introductory Day Trading Trial for just TEN dollars.

Currency trading is very risky. My results are not typical. We provide a trading trial so you can assess the value of our indicators and training for yourself.

www.ForexSmartTrade.com