Read the 2025 Transatlantic Economy Report

As headlines declare that Europe and the US are drifting apart, commercial ties between the two sides – the deepest and broadest between any two regions in history – are accelerating. The newly published report ‘The Transatlantic Economy 2025’ commissioned by AmCham EU and the U.S. Chamber of Commerce – sponsored in part by AmCham Denmark, estimates the transatlantic economy has reached a new high of $9.5 (€8.7) trillion in 2024, up from $8.7 (€8) trillion the previous year.

About the Report
The Transatlantic Economy 2025, supported by the American Chamber of Commerce to the EU (AmCham EU) and the U.S. Chamber of Commerce, features the latest insights on jobs, trade and investment between Europe and the United States. The 2025 edition of the study presents record-breaking figures across multiple fronts, including:

• Trade in goods: Europe-US goods trade of $1.3 (€1.2) trillion; EU-US goods trade of $976 (€899) billion.
  Trade in services: US services exports to the EU of $275 (€253) billion (est.).
• Affiliate performance: US affiliate sales in Europe of $4 (€3.7) trillion (est.); European affiliate sales in the US of $3.5 (€3.2) trillion (est.).
• Energy partnership: US share of Europe’s LNG supplies reaching 48%; Europe’s share of US LNG global exports hitting 55%.

Despite this strong performance, however, the study highlights a range of risks for 2025, including uneven growth rates between Europe and the US, competitive pressures from China and the prospect of a transatlantic trade war.

About the Authors
Research for the study was conducted by Daniel Hamilton, Senior Fellow at the Foreign Policy Institute of Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies, and Joseph Quinlan, Senior Fellow at the Transatlantic Leadership Network.

Key Findings (click to download):
  – Executive Summary
  – Chapter 1: Peril and Promise: The Transatlantic Economy in 2025
  – Chapter 2: The Ties that Bind the Transatlantic Economy
  – Chapter 3: The Transatlantic Economy and the World
  – Appendix A: European Commerce and the 50 U.S. States: A State-by-State Comparison
  – Appendix B: U.S. Commerce and Europe: A Country-by-Country Comparison
  – Danish-U.S. Numbers

Download the full report:

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