Average economic size of farms by standard output, farm type and age in European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020)
European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020): Average economic size of farms by standard output, farm type and age was 393.99 billion Euro in 2023. ▲ Rising
Average economic size of farms by standard output, farm type and age in European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020), 2005–2023
Source: Eurostat. Measured in Euro.
Analysis
European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020) recorded 393.99 billion Euro for average economic size of farms by standard output, farm type and age in 2023. That is the highest value across all 7 years on record.
Compared with earlier readings it is up 9.3% on the previous year and up 19.0% over ten years.
Over the whole period, average economic size of farms by standard output, farm type and age in European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020) peaked at 393.99 billion Euro in 2023 and was at its lowest, 274.21 billion Euro, in 2005.
European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020) ranks 1st of 40 countries on this measure, in the top 10%.
Average economic size of farms by standard output, farm type and age in European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020), year by year
| Year | Euro | Change |
|---|---|---|
| 2005 | 274.21 billion Euro | — |
| 2007 | 283.80 billion Euro | +3.5% |
| 2010 | 304.87 billion Euro | +7.4% |
| 2013 | 331.11 billion Euro | +8.6% |
| 2016 | 365.23 billion Euro | +10.3% |
| 2020 | 360.34 billion Euro | -1.3% |
| 2023 | 393.99 billion Euro | +9.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 279.00 billion Euro | 274.21 billion Euro | 283.80 billion Euro | 2 |
| 2010s | 333.73 billion Euro | 304.87 billion Euro | 365.23 billion Euro | 3 |
| 2020s | 377.16 billion Euro | 360.34 billion Euro | 393.99 billion Euro | 2 |
Countries ranked near European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020)
More economy & growth data for European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020)
- 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)
- Economic accounts for agriculture - values at current prices 53,400 Million euro (2025)
- Economic accounts for agriculture - indices 104 Index, 2020=100 (2025)
- Economic accounts for agriculture - values at reference year prices 51,346 Chain linked volumes (2020), million euro (2025)
- Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices 103.34 Index, 2025=100 (2026)
- Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - item 1,000 (2026)
- Economic accounts for agriculture - values at n-1 prices 55,776 Million euro (2025)
- Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - first 103.34 Index, 2025=100 (2026)
- Economic accounts for agriculture - agricultural income indicators 24,580 Index, 2020=100 (2025)
Frequently asked questions
- What is average economic size of farms by standard output, farm type and age in European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020)?
- Average economic size of farms by standard output, farm type and age in European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020) 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 (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020)?
- 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 (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020)?
- The lowest recorded value was 274.21 billion Euro in 2005.
- How does European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020) rank for average economic size of farms by standard output, farm type and age?
- European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020) ranks 1st out of 40 countries with data for 2023.
- Is average economic size of farms by standard output, farm type and age rising or falling in European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020)?
- Over the last ten years it is up 19.0%. The long-run trend across the full record is rising.
- Where does this European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020) 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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