European Union Poorest Countries | GDP Per Capita
The European Union (EU) is a political and economic union of 27 member states located primarily in Europe. It was established in the aftermath of World War II with the aim of promoting peace, stability, and prosperity in the region. The EU has a unique structure and governance system that allows member states to work together on issues such as trade, climate change, security, and migration.
The EU has several important institutions, including the European Commission, the European Council, the European Parliament, and the Court of Justice of the European Union. The European Commission is responsible for proposing legislation, enforcing EU laws, and managing the day-to-day affairs of the EU. The European Council is composed of the heads of state or government of the member states and provides overall political direction and priorities to the EU. The European Parliament is the only directly elected EU institution and is responsible for representing the interests of EU citizens. The Court of Justice of the European Union interprets EU law and ensures its consistent application across all member states.
The EU has a single market that allows the free movement of goods, services, capital, and people within its borders. It also has a common currency, the Euro, which is used by 19 member states. The EU is a major economic power, with a combined GDP of around €15 trillion.
The EU has been instrumental in promoting democracy, human rights, and the rule of law across its member states. It has also been actively involved in global affairs, working to promote peace, security, and development around the world.
