Annual growth rate of real GDP per capita in Europe
Europe: Annual growth rate of real GDP per capita was 1.4% in 2024. ◆ Volatile
Latest (2024)
1.4%
Change on year
up 40.0%
Rank
25th
of 37 groups
All-time high
6.6%
in 2021
All-time low
-5.8%
in 2020
Years of data
25
2000–2024
Annual growth rate of real GDP per capita in Europe, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Europe recorded 1.4% for annual growth rate of real gdp per capita in 2024.
That represents a change of up 40.0% on the previous year and down 6.7% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Europe peaked at 6.6% in 2021 and was at its lowest, -5.8%, in 2020.
Europe ranks 25th of 37 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth rate of real GDP per capita in Europe, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.3% | — |
| 2001 | 2.4% | -44.2% |
| 2002 | 1.3% | -45.8% |
| 2003 | 1.5% | +15.4% |
| 2004 | 2.8% | +86.7% |
| 2005 | 2.3% | -17.9% |
| 2006 | 3.6% | +56.5% |
| 2007 | 3.4% | -5.6% |
| 2008 | 0.8% | -76.5% |
| 2009 | -4.8% | -700.0% |
| 2010 | 2.2% | -145.8% |
| 2011 | 1.8% | -18.2% |
| 2012 | -0.1% | -105.6% |
| 2013 | 0.3% | -400.0% |
| 2014 | 1.5% | +400.0% |
| 2015 | 1.6% | +6.7% |
| 2016 | 1.6% | +0.0% |
| 2017 | 2.5% | +56.2% |
| 2018 | 1.9% | -24.0% |
| 2019 | 1.7% | -10.5% |
| 2020 | -5.8% | -441.2% |
| 2021 | 6.6% | -213.8% |
| 2022 | 3.3% | -50.0% |
| 2023 | 1.0% | -69.7% |
| 2024 | 1.4% | +40.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.8% | -4.8% | 4.3% | 10 |
| 2010s | 1.5% | -0.1% | 2.5% | 10 |
| 2020s | 1.3% | -5.8% | 6.6% | 5 |
Countries ranked near Europe
- 23 Mauritius 4.9% compare
- 23 Rwanda 4.9% compare
- 23 Turks and Caicos Islands 4.9% compare
- 23 Tuvalu 4.9% compare
- 23 Venezuela (Bolivarian Republic of) 4.9% compare
- 28 Albania 4.8% compare
- 28 Armenia 4.8% compare
- 28 Benin 4.8% compare
- 28 Philippines 4.8% compare
- 28 Russian Federation 4.8% compare
- 28 Saint Vincent and the Grenadines 4.8% compare
- 28 Russian Federation 4.8% compare
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 growth rate of real gdp per capita in Europe?
- Annual growth rate of real gdp per capita in Europe was 1.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Europe?
- The highest recorded value was 6.6% in 2021.
- What is the lowest annual growth rate of real gdp per capita recorded in Europe?
- The lowest recorded value was -5.8% in 2020.
- How does Europe rank for annual growth rate of real gdp per capita?
- Europe ranks 25th out of 37 groups with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Europe?
- Over the last ten years it is down 6.7%. 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 growth rate of real GDP per capita (%). 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).