Average economic size of farms by standard output, farm type and age in European Union - 27 countries (from 2020)
European Union - 27 countries (from 2020): Average economic size of farms by standard output, farm type and age was 393.99 billion Euro in 2023. ▲ Rising
Latest (2023)
393.99 billion Euro
Change on year
up 9.3%
Rank
1st
of 1 regions
All-time high
393.99 billion Euro
in 2023
All-time low
267.87 billion Euro
in 2007
Years of data
6
2007–2023
Average economic size of farms by standard output, farm type and age in European Union - 27 countries (from 2020), 2007–2023
Source: Eurostat. Measured in Euro.
Analysis
The most recent figure for average economic size of farms by standard output, farm type and age in European Union - 27 countries (from 2020) is 393.99 billion Euro, measured in 2023. That is the highest value across all 6 years on record.
The figure is up 9.3% on the previous year and up 27.4% over ten years.
Over the whole period, average economic size of farms by standard output, farm type and age in European Union - 27 countries (from 2020) peaked at 393.99 billion Euro in 2023 and was at its lowest, 267.87 billion Euro, in 2007.
Average economic size of farms by standard output, farm type and age in European Union - 27 countries (from 2020), year by year
| Year | Euro | Change |
|---|---|---|
| 2007 | 267.87 billion Euro | — |
| 2010 | 287.95 billion Euro | +7.5% |
| 2013 | 309.29 billion Euro | +7.4% |
| 2016 | 339.88 billion Euro | +9.9% |
| 2020 | 360.34 billion Euro | +6.0% |
| 2023 | 393.99 billion Euro | +9.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 267.87 billion Euro | 267.87 billion Euro | 267.87 billion Euro | 1 |
| 2010s | 312.37 billion Euro | 287.95 billion Euro | 339.88 billion Euro | 3 |
| 2020s | 377.16 billion Euro | 360.34 billion Euro | 393.99 billion Euro | 2 |
Countries ranked near European Union - 27 countries (from 2020)
More economy & growth data for European Union - 27 countries (from 2020)
- Gross domestic product (GDP) and Gross value added (GVA) in volume by 112.4 Index, 2020=100 (2024)
- Gross domestic product (GDP) at current market prices by NUTS 2 region 18.02 million Million euro (2024)
- Average annual population to calculate regional GDP data (thousand) 451,029 Thousand (2024)
- Gross domestic product (GDP) at current market prices by NUTS 3 region 18.02 million Million euro (2024)
- Gross value added at basic prices by NUTS 3 region 16.20 million Current prices, million euro (2024)
- Agricultural land prices by region 15,224 Euro per hectare (2024)
- Agricultural land renting prices for one year by region 295 Euro per hectare (2024)
- Farms and hectares by crops, utilised agricultural area, economic 155.11 million Hectare (2020)
- Irrigation of agricultural holdings by utilised agricultural area 155.11 million Hectare (2020)
- Gross value added and income by main industry (NACE Rev.2 ) 111.34 Chain linked volumes, index 2020=100 (2026)
Frequently asked questions
- What is average economic size of farms by standard output, farm type and age in European Union - 27 countries (from 2020)?
- Average economic size of farms by standard output, farm type and age in European Union - 27 countries (from 2020) was 393.99 billion Euro in 2023, according to Eurostat.
- What is the highest average economic size of farms by standard output, farm type and age recorded in European Union - 27 countries (from 2020)?
- The highest recorded value was 393.99 billion Euro in 2023.
- What is the lowest average economic size of farms by standard output, farm type and age recorded in European Union - 27 countries (from 2020)?
- The lowest recorded value was 267.87 billion Euro in 2007.
- How does European Union - 27 countries (from 2020) rank for average economic size of farms by standard output, farm type and age?
- European Union - 27 countries (from 2020) ranks 1st out of 1 regions with data for 2023.
- Is average economic size of farms by standard output, farm type and age rising or falling in European Union - 27 countries (from 2020)?
- Over the last ten years it is up 27.4%. The long-run trend across the full record is rising.
- Where does this European Union - 27 countries (from 2020) data come from?
- The figures come from Eurostat, published as part of Average economic size of farms by standard output, farm type and age of farm manager. Statizoid updates them automatically from the source API.
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