Annual GDP growth in Southern Europe
Southern Europe: Annual GDP growth was 2.0% in 2024. ◆ Volatile
Latest (2024)
2.0%
Change on year
up 7.1%
Rank
28th
of 34 groups
All-time high
8.0%
in 2021
All-time low
-9.3%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Southern Europe, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Southern Europe recorded 2.0% for annual gdp growth in 2024.
The figure is up 7.1% on the previous year and up 213.5% over ten years.
Over the whole period, annual gdp growth in Southern Europe peaked at 8.0% in 2021 and was at its lowest, -9.3%, in 2020.
That places Southern Europe 28th out of 34 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 Southern Europe, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.3% | — |
| 2001 | 2.8% | -35.7% |
| 2002 | 1.5% | -47.0% |
| 2003 | 1.4% | -5.1% |
| 2004 | 2.4% | +70.8% |
| 2005 | 1.8% | -24.2% |
| 2006 | 2.9% | +62.4% |
| 2007 | 2.5% | -13.8% |
| 2008 | -0.1% | -103.4% |
| 2009 | -4.6% | +5291.3% |
| 2010 | 0.6% | -112.0% |
| 2011 | -0.6% | -200.1% |
| 2012 | -3.3% | +498.0% |
| 2013 | -1.5% | -53.3% |
| 2014 | 0.6% | -140.2% |
| 2015 | 2.0% | +220.4% |
| 2016 | 1.9% | -5.9% |
| 2017 | 2.2% | +19.8% |
| 2018 | 1.7% | -23.8% |
| 2019 | 1.4% | -21.1% |
| 2020 | -9.3% | -789.9% |
| 2021 | 8.0% | -185.9% |
| 2022 | 5.5% | -31.8% |
| 2023 | 1.8% | -66.7% |
| 2024 | 2.0% | +7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.5% | -4.6% | 4.3% | 10 |
| 2010s | 0.5% | -3.3% | 2.2% | 10 |
| 2020s | 1.6% | -9.3% | 8.0% | 5 |
Countries ranked near Southern Europe
- 25 Cayman Islands 5.8% compare
- 26 Philippines 5.7% compare
- 27 Turks and Caicos Islands 5.6% compare
- 28 Ghana 5.6% compare
- 29 Gambia 5.6% compare
- 30 Guinea 5.4% compare
- 31 Kiribati 5.3% compare
More economy & growth data for Southern Europe
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 117.6 USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 890,910 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 1.05 million million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 20.85 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.17 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.86 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 5.14 % (2024)
- Gross Domestic Product — Annual growth US$ 4.81 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 4.18 million million USD (2024)
- Gross Domestic Product — Value US$ 5.03 million million USD (2024)
Frequently asked questions
- What is annual gdp growth in Southern Europe?
- Annual gdp growth in Southern Europe was 2.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Southern Europe?
- The highest recorded value was 8.0% in 2021.
- What is the lowest annual gdp growth recorded in Southern Europe?
- The lowest recorded value was -9.3% in 2020.
- How does Southern Europe rank for annual gdp growth?
- Southern Europe ranks 28th out of 34 groups with data for 2024.
- Is annual gdp growth rising or falling in Southern Europe?
- Over the last ten years it is up 213.5%. The long-run trend across the full record is volatile.
- Where does this Southern 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).