For example, Germany has the fourth-largest economy in the world. Several European countries are individually very wealthy and are among some of the wealthiest globally. The European Union's collective economy ranks as one of the top three in the world alongside the United States and China (the exact order switches depending upon the specific statistic being compared). Other country-sized non-countries include the massive island territory of Greenland, which is an autonomous dependent territory of Denmark, and the FaroeIslands, a self-governing overseas administrative division of the kingdom of Denmark. For example, Kosovo is a territory that many consider independent, but others consider to be part of Serbia. However, many lists of European countries take the liberty of including territories that could be countries, but which the U.N. The United Nations recognizes 50 countries in Europe. Europe is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. Europe is the world's second-smallest continent, with an area of 10,180,000km² (3,930,000 square miles).
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