Annual GDP growth in Europe
Europe: Annual GDP growth was 1.4% in 2024. ◆ Volatile
Latest (2024)
1.4%
Change on year
up 88.3%
Rank
32nd
of 34 regions
All-time high
6.6%
in 2021
All-time low
-5.8%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Europe, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Europe recorded 1.4% for annual gdp growth in 2024.
Compared with earlier readings it is up 88.3% on the previous year and down 22.9% over ten years.
Over the whole period, annual gdp growth in Europe peaked at 6.6% in 2021 and was at its lowest, -5.8%, in 2020.
That places Europe 32nd out of 34 regions 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, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.3% | — |
| 2001 | 2.4% | -45.2% |
| 2002 | 1.4% | -41.5% |
| 2003 | 1.7% | +19.9% |
| 2004 | 2.9% | +76.8% |
| 2005 | 2.4% | -16.7% |
| 2006 | 3.7% | +50.6% |
| 2007 | 3.5% | -3.8% |
| 2008 | 0.9% | -73.2% |
| 2009 | -4.5% | -578.0% |
| 2010 | 2.4% | -152.4% |
| 2011 | 2.0% | -17.3% |
| 2012 | 0.1% | -96.8% |
| 2013 | 0.5% | +651.3% |
| 2014 | 1.8% | +273.8% |
| 2015 | 1.9% | +7.6% |
| 2016 | 1.8% | -3.5% |
| 2017 | 2.7% | +48.3% |
| 2018 | 2.0% | -24.6% |
| 2019 | 1.8% | -13.4% |
| 2020 | -5.8% | -428.5% |
| 2021 | 6.6% | -212.6% |
| 2022 | 3.2% | -50.7% |
| 2023 | 0.7% | -77.7% |
| 2024 | 1.4% | +88.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.9% | -4.5% | 4.3% | 10 |
| 2010s | 1.7% | 0.1% | 2.7% | 10 |
| 2020s | 1.2% | -5.8% | 6.6% | 5 |
Countries ranked near Europe
More economy & growth data for Europe
- Gross Domestic Product — Value US$ 27.06 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 4.85 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 22.10 million million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 29,680 USD (2024)
- Gross Domestic Product — Value US$ per capita 36,332 USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.68 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 21.04 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 20.98 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 4.92 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices -0.5895 % (2024)
Frequently asked questions
- What is annual gdp growth in Europe?
- Annual gdp growth in Europe was 1.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Europe?
- The highest recorded value was 6.6% in 2021.
- What is the lowest annual gdp growth recorded in Europe?
- The lowest recorded value was -5.8% in 2020.
- How does Europe rank for annual gdp growth?
- Europe ranks 32nd out of 34 regions with data for 2024.
- Is annual gdp growth rising or falling in Europe?
- Over the last ten years it is down 22.9%. The long-run trend across the full record is volatile.
- Where does this Europe 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).