GDP Deflator — Value US$, 2015 prices in Western Europe
Western Europe: GDP Deflator — Value US$, 2015 prices was 123.15 USD in 2024. ▲ Rising
GDP Deflator — Value US$, 2015 prices in Western Europe, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
Western Europe recorded 123.15 USD for gdp deflator — value us$, 2015 prices in 2024. That is the highest value across all 55 years on record.
That represents a change of up 3.2% on the previous year and up 5.2% over ten years.
Over the whole period, gdp deflator — value us$, 2015 prices in Western Europe peaked at 123.15 USD in 2024 and was at its lowest, 14.57 USD, in 1970.
That places Western Europe 7th out of 24 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
GDP Deflator — Value US$, 2015 prices in Western Europe, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 14.57 USD | — |
| 1971 | 16.05 USD | +10.2% |
| 1972 | 18.72 USD | +16.6% |
| 1973 | 23.44 USD | +25.2% |
| 1974 | 25.57 USD | +9.1% |
| 1975 | 30.18 USD | +18.0% |
| 1976 | 30.56 USD | +1.2% |
| 1977 | 33.71 USD | +10.3% |
| 1978 | 40.63 USD | +20.5% |
| 1979 | 46.5 USD | +14.4% |
| 1980 | 50.09 USD | +7.7% |
| 1981 | 42.67 USD | -14.8% |
| 1982 | 40.88 USD | -4.2% |
| 1983 | 39.39 USD | -3.6% |
| 1984 | 36.37 USD | -7.7% |
| 1985 | 36.34 USD | -0.1% |
| 1986 | 50.23 USD | +38.2% |
| 1987 | 60.7 USD | +20.8% |
| 1988 | 63.17 USD | +4.1% |
| 1989 | 60.57 USD | -4.1% |
| 1990 | 72.9 USD | +20.4% |
| 1991 | 72.99 USD | +0.1% |
| 1992 | 80.33 USD | +10.1% |
| 1993 | 77.73 USD | -3.2% |
| 1994 | 80.92 USD | +4.1% |
| 1995 | 92.72 USD | +14.6% |
| 1996 | 89.65 USD | -3.3% |
| 1997 | 78.36 USD | -12.6% |
| 1998 | 78.01 USD | -0.4% |
| 1999 | 75.2 USD | -3.6% |
| 2000 | 65.81 USD | -12.5% |
| 2001 | 65.14 USD | -1.0% |
| 2002 | 70.1 USD | +7.6% |
| 2003 | 85.01 USD | +21.3% |
| 2004 | 94.62 USD | +11.3% |
| 2005 | 95.88 USD | +1.3% |
| 2006 | 98.06 USD | +2.3% |
| 2007 | 108.95 USD | +11.1% |
| 2008 | 119.08 USD | +9.3% |
| 2009 | 114.45 USD | -3.9% |
| 2010 | 110.42 USD | -3.5% |
| 2011 | 118.1 USD | +7.0% |
| 2012 | 110.62 USD | -6.3% |
| 2013 | 115.67 USD | +4.6% |
| 2014 | 117.07 USD | +1.2% |
| 2015 | 100 USD | -14.6% |
| 2016 | 100.45 USD | +0.4% |
| 2017 | 103.45 USD | +3.0% |
| 2018 | 109.56 USD | +5.9% |
| 2019 | 105.9 USD | -3.3% |
| 2020 | 110.54 USD | +4.4% |
| 2021 | 116.9 USD | +5.8% |
| 2022 | 109.92 USD | -6.0% |
| 2023 | 119.39 USD | +8.6% |
| 2024 | 123.15 USD | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 27.99 USD | 14.57 USD | 46.5 USD | 10 |
| 1980s | 48.04 USD | 36.34 USD | 63.17 USD | 10 |
| 1990s | 79.88 USD | 72.9 USD | 92.72 USD | 10 |
| 2000s | 91.71 USD | 65.14 USD | 119.08 USD | 10 |
| 2010s | 109.12 USD | 100 USD | 118.1 USD | 10 |
| 2020s | 115.98 USD | 109.92 USD | 123.15 USD | 5 |
Countries ranked near Western Europe
- 4 Ukraine 240.05 USD compare
- 5 Sao Tome and Principe 203.98 USD compare
- 6 Republic of Moldova 196.38 USD compare
- 7 Haiti 194.63 USD compare
- 8 Bulgaria 172.57 USD compare
- 9 Albania 172.16 USD compare
- 10 Venezuela (Bolivarian Republic of) 168.14 USD compare
More economy & growth data for Western Europe
- Gross Domestic Product, GDP in millions constant 2021 international $ 12.78 million (2027)
- Gross Fixed Capital Formation — Value US$, annual growth rate 0.7042 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 1.94 million million USD (2024)
- Gross Fixed Capital Formation — Value US$ 2.48 million million USD (2024)
- Gross 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$ per capita, 2015 prices 45,841 USD (2024)
- Gross Domestic Product — Value US$ 11.28 million million USD (2024)
Frequently asked questions
- What is gdp deflator — value us$, 2015 prices in Western Europe?
- Gdp deflator — value us$, 2015 prices in Western Europe was 123.15 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value us$, 2015 prices recorded in Western Europe?
- The highest recorded value was 123.15 USD in 2024.
- What is the lowest gdp deflator — value us$, 2015 prices recorded in Western Europe?
- The lowest recorded value was 14.57 USD in 1970.
- How does Western Europe rank for gdp deflator — value us$, 2015 prices?
- Western Europe ranks 7th out of 24 groups with data for 2024.
- Is gdp deflator — value us$, 2015 prices rising or falling in Western Europe?
- Over the last ten years it is up 5.2%. The long-run trend across the full record is rising.
- Where does this Western 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.
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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).