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According to the latest statistics released by the World Bank in 2024, among the EU countries in 2020, Germany ranked first in terms of gross domestic product(GDP), with a total economic volume of $3846.41 billion; France ranked second in terms of GDP, with a total economic volume of $2630.32 billion; Italy ranked third in terms of GDP, with a total economic volume of $1892.57 billion; Spain ranked fourth in terms of GDP, with a total economy of $1281.49 billion; and Holland, with a total economy of $913.87 billion, ranked fifth in GDP.