Annual GDP growth in Europe and Northern America
Europe and Northern America: Annual GDP growth was 2.1% in 2024. ◆ Volatile
Annual GDP growth in Europe and Northern America, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual gdp growth in Europe and Northern America is 2.1%, measured in 2024.
Compared with earlier readings it is up 15.3% on the previous year and down 4.6% over ten years.
Over the whole period, annual gdp growth in Europe and Northern America peaked at 6.3% in 2021 and was at its lowest, -4.1%, in 2020.
That places Europe and Northern America 30th out of 37 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Europe and Northern America, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.2% | — |
| 2001 | 1.7% | -59.6% |
| 2002 | 1.6% | -7.3% |
| 2003 | 2.2% | +37.0% |
| 2004 | 3.4% | +54.1% |
| 2005 | 2.9% | -12.1% |
| 2006 | 3.2% | +9.7% |
| 2007 | 2.8% | -13.8% |
| 2008 | 0.6% | -79.4% |
| 2009 | -3.6% | -726.0% |
| 2010 | 2.5% | -170.8% |
| 2011 | 1.8% | -28.3% |
| 2012 | 1.1% | -37.8% |
| 2013 | 1.3% | +14.3% |
| 2014 | 2.2% | +66.1% |
| 2015 | 2.3% | +8.0% |
| 2016 | 1.8% | -23.1% |
| 2017 | 2.6% | +45.4% |
| 2018 | 2.5% | -4.0% |
| 2019 | 2.2% | -13.8% |
| 2020 | -4.1% | -288.9% |
| 2021 | 6.3% | -254.4% |
| 2022 | 2.9% | -53.5% |
| 2023 | 1.8% | -39.0% |
| 2024 | 2.1% | +15.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.9% | -3.6% | 4.2% | 10 |
| 2010s | 2.0% | 1.1% | 2.6% | 10 |
| 2020s | 1.8% | -4.1% | 6.3% | 5 |
Countries ranked near Europe and Northern America
- 28 Cambodia 6.0% compare
- 29 Bermuda 6.0% compare
- 30 Armenia 5.9% compare
- 31 Cayman Islands 5.8% compare
- 32 Philippines 5.7% compare
- 33 Turks and Caicos Islands 5.6% compare
More economy & growth data for Europe and Northern America
- Foreign direct investment (FDI) inflows 533,759 million current US$ (2024)
- Annual growth rate of real GDP per employed person 1.9% (2025)
- Manufacturing value added (constant 2020 United States dollars) as a 11.5% (2025)
- Manufacturing value added (current United States dollars) as a 11.3% (2024)
- Annual growth rate of real GDP per capita 1.9% (2024)
- Merchandise trade as a proportion of GDP 41.4% (2024)
- Foreign direct investment, net inflows, as a proportion of GDP 1.0% (2024)
- Annual growth of exports of goods and services 1.4% (2024)
- Annual growth of imports of goods and services 2.1% (2024)
- Domestic material consumption per unit of GDP, by type of raw material 0.4171 kg per constant US$ (2022)
Frequently asked questions
- What is annual gdp growth in Europe and Northern America?
- Annual gdp growth in Europe and Northern America was 2.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Europe and Northern America?
- The highest recorded value was 6.3% in 2021.
- What is the lowest annual gdp growth recorded in Europe and Northern America?
- The lowest recorded value was -4.1% in 2020.
- How does Europe and Northern America rank for annual gdp growth?
- Europe and Northern America ranks 30th out of 37 groups with data for 2024.
- Is annual gdp growth rising or falling in Europe and Northern America?
- Over the last ten years it is down 4.6%. The long-run trend across the full record is volatile.
- Where does this Europe and Northern America data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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