European Union Economic Growth 1960-2024
GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
- European Union economic growth for 2023 was $18,349.39B, a 9.47% increase from 2022.
- European Union economic growth for 2022 was $16,761.50B, a 3.2% decline from 2021.
- European Union economic growth for 2021 was $17,315.13B, a 12.57% increase from 2020.
- European Union economic growth for 2020 was $15,381.42B, a 1.99% decline from 2019.
| European Union Economic Growth - Historical Data |
| Year |
GDP |
Per Capita |
Growth Rate |
| 2023 |
$18,349.39B |
$40,824 |
0.45% |
| 2022 |
$16,761.50B |
$37,467 |
3.48% |
| 2021 |
$17,315.13B |
$38,721 |
6.01% |
| 2020 |
$15,381.42B |
$34,357 |
-5.65% |
| 2019 |
$15,694.05B |
$35,081 |
1.81% |
| 2018 |
$15,981.45B |
$35,753 |
2.07% |
| 2017 |
$14,765.88B |
$33,091 |
2.84% |
| 2016 |
$13,888.83B |
$31,175 |
1.97% |
| 2015 |
$13,553.90B |
$30,488 |
2.31% |
| 2014 |
$15,651.37B |
$35,283 |
1.60% |
| 2013 |
$15,294.85B |
$34,565 |
-0.08% |
| 2012 |
$14,641.63B |
$33,169 |
-0.70% |
| 2011 |
$15,765.16B |
$35,767 |
1.90% |
| 2010 |
$14,556.12B |
$32,966 |
2.23% |
| 2009 |
$14,762.84B |
$33,481 |
-4.35% |
| 2008 |
$16,295.39B |
$37,044 |
0.64% |
| 2007 |
$14,727.52B |
$33,587 |
3.16% |
| 2006 |
$12,712.64B |
$29,090 |
3.49% |
| 2005 |
$11,910.07B |
$27,342 |
1.92% |
| 2004 |
$11,418.90B |
$26,307 |
2.59% |
| 2003 |
$9,932.13B |
$22,968 |
0.91% |
| 2002 |
$8,083.52B |
$18,760 |
1.11% |
| 2001 |
$7,393.61B |
$17,198 |
2.18% |
| 2000 |
$7,276.39B |
$16,948 |
3.90% |
| 1999 |
$7,925.84B |
$18,483 |
2.95% |
| 1998 |
$7,969.88B |
$18,616 |
3.01% |
| 1997 |
$7,733.84B |
$18,089 |
2.65% |
| 1996 |
$8,431.59B |
$19,750 |
1.88% |
| 1995 |
$8,296.09B |
$19,465 |
2.68% |
| 1994 |
$7,155.50B |
$16,820 |
2.64% |
| 1993 |
$6,751.22B |
$15,910 |
-0.64% |
| 1992 |
$7,392.19B |
$17,477 |
0.89% |
| 1991 |
$6,733.63B |
$15,966 |
1.42% |
| 1990 |
$6,509.87B |
$15,488 |
3.31% |
| 1989 |
$5,205.66B |
$12,426 |
3.88% |
| 1988 |
$5,096.31B |
$12,206 |
4.11% |
| 1987 |
$4,642.29B |
$11,154 |
2.54% |
| 1986 |
$3,755.83B |
$9,050 |
2.57% |
| 1985 |
$2,690.01B |
$6,500 |
2.32% |
| 1984 |
$2,615.74B |
$6,335 |
2.50% |
| 1983 |
$2,714.74B |
$6,590 |
1.44% |
| 1982 |
$2,792.07B |
$6,795 |
0.84% |
| 1981 |
$2,893.85B |
$7,067 |
0.54% |
| 1980 |
$3,314.88B |
$8,129 |
2.05% |
| 1979 |
$2,962.56B |
$7,299 |
3.86% |
| 1978 |
$2,451.55B |
$6,067 |
3.07% |
| 1977 |
$2,012.78B |
$5,005 |
2.93% |
| 1976 |
$1,777.20B |
$4,441 |
4.88% |
| 1975 |
$1,696.43B |
$4,261 |
-0.59% |
| 1974 |
$1,456.74B |
$3,681 |
3.13% |
| 1973 |
$1,286.73B |
$3,271 |
6.02% |
| 1972 |
$994.40B |
$2,544 |
4.77% |
| 1971 |
$824.29B |
$2,123 |
3.66% |
| 1970 |
$729.23B |
$1,889 |
5.51% |
| 1969 |
$645.04B |
$1,680 |
7.03% |
| 1968 |
$578.00B |
$1,516 |
5.56% |
| 1967 |
$538.50B |
$1,423 |
3.57% |
| 1966 |
$505.70B |
$1,347 |
4.29% |
| 1965 |
$467.08B |
$1,254 |
5.25% |
| 1964 |
$426.86B |
$1,156 |
6.01% |
| 1963 |
$384.82B |
$1,051 |
4.81% |
| 1962 |
$350.22B |
$965 |
5.70% |
| 1961 |
$316.87B |
$880 |
5.76% |
| 1960 |
$285.07B |
$799 |
% |
