Fact Check: Mercosur and EFTA's combined GDP exceeds 4.3 trillion USD.

Fact Check: Mercosur and EFTA's combined GDP exceeds 4.3 trillion USD.

Published July 2, 2025
by TruthOrFake AI
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VERDICT
Unverified

# Fact Check: "Mercosur and EFTA's combined GDP exceeds 4.3 trillion USD." ## What We Know The claim that "Mercosur and EFTA's combined GDP exceeds 4...

Fact Check: "Mercosur and EFTA's combined GDP exceeds 4.3 trillion USD."

What We Know

The claim that "Mercosur and EFTA's combined GDP exceeds 4.3 trillion USD" involves two distinct economic blocs: Mercosur (Southern Common Market) and EFTA (European Free Trade Association).

  1. Mercosur: As of 2023, Mercosur consists of Argentina, Brazil, Paraguay, and Uruguay as full members, with Bolivia's membership pending ratification. The combined GDP of these countries is estimated at around $3.4 trillion USD (World Bank, 2023) source.

  2. EFTA: EFTA includes four member states: Iceland, Liechtenstein, Norway, and Switzerland. The combined GDP of these countries is approximately $1.1 trillion USD (IMF, 2023) source.

When we sum these figures, we find that the total GDP of both blocs is approximately $4.5 trillion USD, which does exceed the $4.3 trillion USD threshold mentioned in the claim.

Analysis

The claim appears to be accurate based on the latest available data. The combined GDP of Mercosur and EFTA indeed exceeds $4.3 trillion USD.

  • Mercosur's GDP: The figure of $3.4 trillion USD for Mercosur is derived from the World Bank's latest reports, which provide a comprehensive overview of the economic performance of its member states source.

  • EFTA's GDP: The EFTA's GDP figure of $1.1 trillion USD is corroborated by the International Monetary Fund (IMF), which regularly publishes economic statistics for its member countries source.

Both sources are reputable and widely recognized in the field of economic statistics, lending credibility to the figures presented.

However, it is important to note that GDP figures can vary slightly depending on the source and the methodology used for calculation. Additionally, fluctuations in currency exchange rates and economic conditions can impact these figures over time.

Conclusion

Verdict: Unverified

While the claim that "Mercosur and EFTA's combined GDP exceeds 4.3 trillion USD" is supported by current economic data, the term "unverified" is used here to indicate that while the claim is likely accurate, it is essential to consider the potential for slight variations in GDP estimates and the need for continuous updates in economic statistics.

Sources

  1. World Bank - GDP of Mercosur Countries
  2. IMF - GDP of EFTA Countries

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