European Economic Area

The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe. The supranational union has a total area of 4,233,255 km2 (1,634,469 sq mi), an estimated population of approximately 451 million (2025), and the EU member states generated a nominal gross domestic product (GDP) of around €18.802 trillion (2025), accounting for approximately one sixth of global economic output. The EU is often described as a sui generis political entity combining characteristics of both a federation and a confederation.

treaty which led to the creation of Europe's Schengen Area, in which internal border checks have largely been abolished

international trade organization and free trade area

area of the European Union's internal market and some of EFTA states established in 1994

mandatory conformity marking for products sold in the European Economic Area

the Single European Payments Area (SEPA) initiative

Monetary Budget of the EU

passport for Iceland's citizens

acquis defined in Annex A to Council Decision 435/1999/EC

passport

financial contributions of Norway, Iceland and Liechtenstein towards the reduction of economic and social disparities in the European Economic Area

passport

IT-based network

identity cards issued by member states of the European Union and the European Economic Area

directive

supranational tribunal of the EFTA states

association of european payment service providers and banks

regulatory framework

Identification card