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According to the latest statistics released by the World Bank in 2024, among the European countries in 1988, Germany ranked first in terms of gross domestic product(GDP), with a total economic volume of $1401.23 billion; France ranked second in terms of GDP, with a total economic volume of $1018.85 billion; United Kingdom ranked third in terms of GDP, with a total economic volume of $910.12 billion; Italy ranked fourth in terms of GDP, with a total economy of $891.61 billion; and Russia, with a total economy of $554.71 billion, ranked fifth in GDP.