Europe Second smallest of the world's continents, Europe comprises the westward-projecting peninsulas of Eurasia, and occupies just 7 percent of the world's total land area. It is bordered on the north by the Arctic Ocean, on the west by the Atlantic Ocean, and on the south by the Mediterranean Sea, the Black Sea, and the Caspian Sea. Europe has a population of more than 700 million, and includes 19 of the 30 richest countries in the world. Next