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This article describes the 16 largest European countries by area. If you want to skip the analysis, please proceed to the next section. Top 5 largest countries in Europe.
European economy: analysis
according to report According to the IMF, Europe’s economy is expected to grow by 1.3% in 2023 and 1.5% in 2024. Developed countries are expected to grow from 0.7% to 1.2%, while emerging European countries are expected to experience more pronounced growth. It rises from about 1% to about 3%. Ongoing geopolitical conflicts, such as Russia’s war in Ukraine, which has triggered an energy crisis, disrupted supply chains, raised production costs, accelerated inflation, and reduced productivity, have undermined the region’s potential. Growth momentum slowed in 2023 compared to 2.7% in 2022. Energy-intensive, manufacturing-based economies such as Germany and Hungary are the most affected. Over the long term, international trade restrictions are expected to reduce global economic output by up to 7%, or approximately $7 trillion.
In Hungary, the inflation rate reached 25% at the end of 2022, and prices increased by a cumulative 41% from the end of 2020 to August 2023. Inflation is currently on a downward trend, but is expected to reach target levels only by 2025 in some countries, and perhaps, on the other hand, nominal wages are growing rapidly, and some countries, especially Eastern Europe is outpacing inflation.
January 30th, Reuters report The eurozone’s economy will stagnate in 2023, falling below the rest of the world and narrowly avoiding recession. Germany, a major player, faced industrial challenges that contributed significantly to the region’s underperformance. According to economic data, Germany’s economic growth rate in the fourth quarter of 2023 was 0.3%. This marks six consecutive quarters of no or minimal growth. Germany, which relies on cheap Russian energy and large two-way trade with China, has been disrupted by geopolitical events. Despite strong growth in the eurozone’s largest trading partner, the United States, the region has struggled to match global economic momentum.
Major companies in the European market
Key companies driving growth in Europe include LVMH Moët Hennessy-Louis Vuitton and Société Europe (OTC:LVMUY), Mercedes-Benz Group AG (ETR:MBG), Airbus SE (EPA:AIR).
LVMH Moët Hennessy – Louis Vuitton, Société Europe (OTC:LVMUY) is a French multinational conglomerate headquartered in Paris. The company is one of the largest luxury goods retailers in the world with over 6,500 stores and has an extensive portfolio of luxury brands such as Louis Vuitton, Christian Dior, Bvlgari, Tiffany, Sephora, and Fendi. January 25th, LVMH Moët Hennessy – Louis Vuitton, Société Europe (OTC:LVMUY) report Revenue for 2023 was $93.26 billion and net income was $16.45 billion, increases of 13% and 8%, respectively, from the prior year. LVMH Moët Hennessy – Louis Vuitton, Société Europe (OTC:LVMUY) is the creative partner of the Paris 2024 Olympic and Paralympic Games. February 8th, LVMH announced The medal design for the Paris 2024 Olympic and Paralympic Games features the iconic symbols of Paris and France, made from the steel of the Eiffel Tower. Bernard Arnault, Chairman and CEO of LVMH, commented:
“Our results in 2023 demonstrate the Maisons’ outstanding appeal and ability to inspire desire, despite a year influenced by economic and geopolitical challenges. Our growth strategy is based on the complementary nature of our businesses and our geographical diversity, fostering innovation, quality design and retail excellence, and supporting the Maison’s It adds a cultural and historical dimension thanks to its heritage. This is due to the stunning fashion shows of Louis Vuitton and Christian Dior, the reopening of Tiffany’s New York “The Landmark” and the popularity of the brand all over the world. This is reflected in Sephora’s growing store concept. 2023 also saw progress made in several key areas that are key elements of our long-term vision: protecting the environment, developing talent, and preserving and passing on expertise. While remaining vigilant to the current situation, we enter his 2024 with confidence, supported by a highly attractive brand and agile team. Featuring a partnership with the Paris 2024 Olympic and Paralympic Games, this year promises to be an exciting and special one for all of us, with passion, inclusivity and the core of going beyond ourselves. Our group shares the same values. For LVMH, this is a new opportunity to strengthen its position as a global leader in luxury goods and spread the reputation of French excellence around the world. ”
Mercedes-Benz Group AG (ETR:MBG), formerly known as Daimler AG, is a premier luxury automotive brand known for its innovative craftsmanship and iconic design. February 22, 2024 Mercedes-Benz Group AG (ETR:MBG) report The company announced that it will sell 2.49 million units in 2023, with sales reaching $165.72 billion, up from $162.26 billion in 2022. Electric vehicles have been a tailwind for Mercedes-Benz Group AG (ETR:MBG), with the number of fully electric vehicles increasing by 73%. Mercedes-Benz is expanding its electric vehicle lineup, offering electric versions of all its models, including the eCitan, EQT, eVito, eVito Tourer, EQV and eSprinter. Looking to the future, the company plans to introduce VAN.EA, an all-electric van for both personal and commercial needs, in 2026. Mercedes-Benz Group AG (ETR:MBG) is building its own charging network and plans to install more than 10,000 charging points in its core markets by the end of 2030. Commenting on the annual results, Ola Kallenius, CEO of Mercedes-Benz Group AG, said: :
“Mercedes-Benz will continue to transform in 2023, developing new cutting-edge electrical and digital innovations while increasing the scale of electric vehicles and achieving solid financial results. In other words, the team will once again We executed our strategy at the right time, delivering the eSprinter and the new E-Class. At the same time, we also prepared the next generation of products and platforms, such as VAN.EA and MB.OS. To keep it at the forefront.”
Airbus SE (EPA:AIR) is one of the world’s largest airliner manufacturers and one of the leading helicopter manufacturers. On February 15, Airbus SE (EPA:AIR) reported delivering 735 commercial aircraft in 2023, up from 661 in 2022. These deliveries include 68 A220s, 571 A320 family aircraft, 32 A330s and 64 A350s. Helicopter deliveries remained stable at 346 from 344 in 2022. Revenues in 2023 increased 11% year over year to $71.04 billion, with aircraft activity increasing 15% and deliveries increasing. In 2024, Airbus SE (EPA:AIR) expects to deliver approximately 800 aircraft. March 8, Airbus SE (EPA:AIR) announced In partnership with SKYCO International Financial Leasing Co. Ltd., a Chinese state-owned company, we will establish support services and industrial cooperation for general aviation development. Additionally, Airbus SE (EPA: AIR) has signed an agreement to sell six of his H175 helicopters to his SKYCO International Financial Leasing Co. Ltd. His H175 helicopter manufactured by Airbus SE (EPA: AIR) falls into the super-medium category. Extended range and payload capacity with smooth flight characteristics. This makes it an ideal choice for a variety of land and sea missions, including disaster relief, search and rescue missions, public services, crew transport, and civil and business aviation needs.
The economic situation in Europe remains difficult, with some predicting growth to slow amid geopolitical tensions. However, there are signs of resilience, with nominal wages outpacing inflation in some Eastern European countries, pointing to a more stable and prosperous future. That being said, here is a list of the 16 countries with the largest area in Europe.
Photo by Jacek Dylag on Unsplash
our methodology
To create a list of the top 16 largest countries in Europe, we used the latest data from the Central Intelligence Agency’s (CIA) World Factbook. Next, we created a list of the largest countries in Europe by area. Here are the top 16 countries in Europe by area, arranged in ascending order.
Note: We added Russia to the ranking because its area in Europe is one of the largest countries compared to other European countries.
Top 16 largest countries in Europe
16. Iceland
Total area (sq km): 103,000
Iceland is located in the North Atlantic Ocean and has a water area of 2,750 square kilometers. Iceland is known for its volcanic terrain, geothermal hot springs, glaciers, and beautiful coastline. Despite its small population, the economy is modern and the standard of living is comparable to other European countries.
15. Bulgaria
Total area (sq km): 110,879
Bulgaria is located in southeastern Europe and has a water area of 2,390 square kilometers, including the Danube River. Bulgaria has a diverse landscape, from mountainous regions to fertile plains and sandy beaches. Bulgaria is known for its rich history and ancient civilization.
14. Greece
Total area (sq km): 131,957
Greece is located in southeastern Europe and has a water area of 1,310 square kilometers. Greece is home to an ancient civilization, rich history, and cultural heritage that includes iconic landmarks such as the Acropolis of Athens and the ruins of Delphi.
13. Belarus
Total area (sq km): 207,600
Belarus is a landlocked country located in Eastern Europe. Belarus gained her independence from the Soviet Union in 1991 and has closer political and economic ties with Russia than any other former Soviet Union country. Since 2022, Belarus has been facilitating Russia’s war in Ukraine. Belarus’ water area is 4,700 square kilometers and includes numerous rivers and lakes.
12. Romania
Total area (km²): 238,391
Romania is located in southeastern Europe and has a water area of 8,500 square kilometers, including the Danube River. Romania’s geography is diverse and picturesque. The country is known for its historic castles, medieval towns, and stunning landscapes such as the Carpathian Mountains and the Danube Delta. Romania has an important coastline on the Black Sea.
11. United Kingdom
Total area (km²): 243,610
The United Kingdom consists of 53% England, 32% Scotland, 9% Wales, and 6% Northern Ireland, with a total area of 243,610 square kilometers. Rockall and the Shetland Islands. The UK’s water area is 1,680 square kilometers and includes iconic landmarks such as Loch Ness and the River Thames.
10. Italy
Total area (sq km): 301,340
Italy is famous for its art, history and cuisine and has a total area of 301,340 square kilometers, including the islands of Sardinia and Sicily. Italy’s water area is 7,200 square kilometers. Italy is also the most populous country in Europe.
9. Poland
Total area (sq km): 312,685
Poland is located in Central Europe and has a water area of 8,430 square kilometers. Poland is known for its rich history, medieval architecture, and cultural heritage. Poland has the largest population in Europe.
8. Norway
Total area (sq km): 323,802
Norway is home to some of the most breathtaking landscapes in the world. Norway has a water area of 19,520 square kilometers. Norway is one of the least densely populated countries in Europe and is known for its mountains, forests, and beautiful lakes.
7. Finland
Total area (sq km): 338,145
Finland, also known as the “Land of a Thousand Lakes”, has 34,330 square kilometers of water. Finland is also one of the least densely populated countries in Europe.
6.Germany
Total area (km²): 357,022
Germany is known as Europe’s economic and cultural powerhouse. Germany’s water area is 8,350 square kilometers, including major rivers such as the Rhine and the Elbe. Germany’s landscapes vary from the plains of northern Germany to the Bavarian Alps. Germany is one of the most populous countries in Europe.
Click to continue reading to see Europe’s 5 largest countries by area.
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Disclosure: None. Top 16 largest countries in Europe Originally published on Insider Monkey.
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