GDP Deflator — Value US$, 2015 prices in Europe
Europe: GDP Deflator — Value US$, 2015 prices was 122.41 USD in 2024. ▲ Rising
GDP Deflator — Value US$, 2015 prices in Europe, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
In 2024, gdp deflator — value us$, 2015 prices in Europe stood at 122.41 USD. That is the highest value across all 55 years on record.
The figure is up 3.5% on the previous year and up 3.2% over ten years.
Over the whole period, gdp deflator — value us$, 2015 prices in Europe peaked at 122.41 USD in 2024 and was at its lowest, 22.43 USD, in 1970.
Europe ranks 9th of 25 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
GDP Deflator — Value US$, 2015 prices in Europe, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 22.43 USD | — |
| 1971 | 23.82 USD | +6.2% |
| 1972 | 26.53 USD | +11.3% |
| 1973 | 30.95 USD | +16.7% |
| 1974 | 32.98 USD | +6.5% |
| 1975 | 37.55 USD | +13.9% |
| 1976 | 37.46 USD | -0.2% |
| 1977 | 40.56 USD | +8.3% |
| 1978 | 40.34 USD | -0.5% |
| 1979 | 45.81 USD | +13.6% |
| 1980 | 49.94 USD | +9.0% |
| 1981 | 45.04 USD | -9.8% |
| 1982 | 43.84 USD | -2.7% |
| 1983 | 42.34 USD | -3.4% |
| 1984 | 39.45 USD | -6.8% |
| 1985 | 39.28 USD | -0.4% |
| 1986 | 48.34 USD | +23.1% |
| 1987 | 55.52 USD | +14.8% |
| 1988 | 58.37 USD | +5.1% |
| 1989 | 57.23 USD | -2.0% |
| 1990 | 66.71 USD | +16.6% |
| 1991 | 68.88 USD | +3.2% |
| 1992 | 74.17 USD | +7.7% |
| 1993 | 68.46 USD | -7.7% |
| 1994 | 70.89 USD | +3.5% |
| 1995 | 79.92 USD | +12.7% |
| 1996 | 80.1 USD | +0.2% |
| 1997 | 73.57 USD | -8.2% |
| 1998 | 72.98 USD | -0.8% |
| 1999 | 70.19 USD | -3.8% |
| 2000 | 63.26 USD | -9.9% |
| 2001 | 62.87 USD | -0.6% |
| 2002 | 67.79 USD | +7.8% |
| 2003 | 80.97 USD | +19.4% |
| 2004 | 91.38 USD | +12.9% |
| 2005 | 94.46 USD | +3.4% |
| 2006 | 98.43 USD | +4.2% |
| 2007 | 110.85 USD | +12.6% |
| 2008 | 120.57 USD | +8.8% |
| 2009 | 111.29 USD | -7.7% |
| 2010 | 110.28 USD | -0.9% |
| 2011 | 119.76 USD | +8.6% |
| 2012 | 114.57 USD | -4.3% |
| 2013 | 118.81 USD | +3.7% |
| 2014 | 118.65 USD | -0.1% |
| 2015 | 100 USD | -15.7% |
| 2016 | 98.16 USD | -1.8% |
| 2017 | 101.81 USD | +3.7% |
| 2018 | 107.59 USD | +5.7% |
| 2019 | 104.34 USD | -3.0% |
| 2020 | 107.35 USD | +2.9% |
| 2021 | 115.39 USD | +7.5% |
| 2022 | 111.72 USD | -3.2% |
| 2023 | 118.31 USD | +5.9% |
| 2024 | 122.41 USD | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 33.84 USD | 22.43 USD | 45.81 USD | 10 |
| 1980s | 47.94 USD | 39.28 USD | 58.37 USD | 10 |
| 1990s | 72.59 USD | 66.71 USD | 80.1 USD | 10 |
| 2000s | 90.19 USD | 62.87 USD | 120.57 USD | 10 |
| 2010s | 109.4 USD | 98.16 USD | 119.76 USD | 10 |
| 2020s | 115.04 USD | 107.35 USD | 122.41 USD | 5 |
Countries ranked near Europe
- 6 Haiti 194.63 USD compare
- 6 Melanesia 119.09 USD compare
- 7 Bulgaria 172.57 USD compare
- 7 Democratic Republic of the Congo 117.43 USD compare
- 8 Albania 172.16 USD compare
- 8 Viet Nam 112.67 USD compare
- 9 Guinea 167.87 USD compare
- 9 Polynesia 110.58 USD compare
- 10 Romania 160.66 USD compare
- 10 Timor-Leste 108.68 USD compare
- 11 Armenia 158.21 USD compare
- 11 Democratic People's Republic of Korea 107.88 USD compare
- 12 Cabo Verde 118.88 USD compare
- 12 Kyrgyzstan 155.77 USD compare
More economy & growth data for Europe
- Gross Fixed Capital Formation — Value US$, 2015 prices 4.65 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 4.85 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 4.92 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.33 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.4 % (2024)
- Gross Fixed Capital Formation — Value US$ 5.68 million million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 21.04 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.68 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices -0.5895 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth -0.5895 % change on previous year (2024)
Frequently asked questions
- What is gdp deflator — value us$, 2015 prices in Europe?
- Gdp deflator — value us$, 2015 prices in Europe was 122.41 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value us$, 2015 prices recorded in Europe?
- The highest recorded value was 122.41 USD in 2024.
- What is the lowest gdp deflator — value us$, 2015 prices recorded in Europe?
- The lowest recorded value was 22.43 USD in 1970.
- How does Europe rank for gdp deflator — value us$, 2015 prices?
- Europe ranks 9th out of 25 groups with data for 2024.
- Is gdp deflator — value us$, 2015 prices rising or falling in Europe?
- Over the last ten years it is up 3.2%. The long-run trend across the full record is rising.
- Where does this Europe data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).