Annual GDP growth in Western Europe
Western Europe: Annual GDP growth was 0.4% in 2024. ◆ Volatile
Latest (2024)
0.4%
Change on year
up 221.6%
Rank
34th
of 34 groups
All-time high
5.4%
in 2021
All-time low
-5.0%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Western Europe, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual gdp growth in Western Europe stood at 0.4%.
The figure is up 221.6% on the previous year and down 75.7% over ten years.
Over the whole period, annual gdp growth in Western Europe peaked at 5.4% in 2021 and was at its lowest, -5.0%, in 2020.
That places Western Europe 34th 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 Western Europe, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.5% | — |
| 2001 | 1.7% | -50.9% |
| 2002 | 0.4% | -76.0% |
| 2003 | 0.2% | -52.3% |
| 2004 | 2.1% | +949.7% |
| 2005 | 1.6% | -23.5% |
| 2006 | 3.4% | +113.0% |
| 2007 | 3.1% | -9.7% |
| 2008 | 1.0% | -67.6% |
| 2009 | -4.0% | -497.7% |
| 2010 | 2.9% | -174.0% |
| 2011 | 2.8% | -3.2% |
| 2012 | 0.3% | -89.4% |
| 2013 | 0.6% | +90.2% |
| 2014 | 1.7% | +195.5% |
| 2015 | 1.5% | -11.6% |
| 2016 | 1.8% | +18.4% |
| 2017 | 2.4% | +31.9% |
| 2018 | 1.6% | -30.0% |
| 2019 | 1.6% | -5.2% |
| 2020 | -5.0% | -422.4% |
| 2021 | 5.4% | -206.4% |
| 2022 | 2.8% | -48.4% |
| 2023 | 0.1% | -95.3% |
| 2024 | 0.4% | +221.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.3% | -4.0% | 3.5% | 10 |
| 2010s | 1.7% | 0.3% | 2.9% | 10 |
| 2020s | 0.7% | -5.0% | 5.4% | 5 |
Countries ranked near Western Europe
More economy & growth data for Western Europe
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 127.32 USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 1.94 million million USD (2024)
- Gross Fixed Capital Formation — Value US$ 2.48 million million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 21.94 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.3119 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 0.4755 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 3.47 % (2024)
- Gross Domestic Product — Annual growth US$ 3.64 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 9.16 million million USD (2024)
- Gross Domestic Product — Value US$ 11.28 million million USD (2024)
Frequently asked questions
- What is annual gdp growth in Western Europe?
- Annual gdp growth in Western Europe was 0.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Western Europe?
- The highest recorded value was 5.4% in 2021.
- What is the lowest annual gdp growth recorded in Western Europe?
- The lowest recorded value was -5.0% in 2020.
- How does Western Europe rank for annual gdp growth?
- Western Europe ranks 34th out of 34 groups with data for 2024.
- Is annual gdp growth rising or falling in Western Europe?
- Over the last ten years it is down 75.7%. The long-run trend across the full record is volatile.
- Where does this Western 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).