Key Comparisons: Nominal GDP: The U.S. economy is larger; for example, in 2024, the U.S. GDP was around $28.8 trillion compared to the EU's $19.5 trillion (World Bank data). Growth Rate: The U.S. economy grew much faster (87% from 2008-2023) than the EU's (13.5%), according to Econofact. GDP Per Capita: The gap is even wider per person, with EU GDP per capita falling to about 50% of the U.S. level by 2023