Question

What association, currently of 27 members, holds over just 7% (in 2011) of the global population and generates approximately 20% of global GDP when thought of in terms of purchasing power parity?

Answer 1

EU
The European Union (EU) is an association of European countries developed from the European Coal and Steel Community (ECSC) and the European Economic Community (EEC), formed in 1951 and 1958 respectively, and was established under its current name by the Maastricht Treaty in 1993.