GNI growth in European Union
European Union: GNI growth was 1.5% in 2024. ◆ Volatile
GNI growth in European Union, 1996–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
In 2024, gni growth in European Union stood at 1.5%.
The figure is down 3.1% on the previous year and down 20.8% over ten years.
Over the whole period, gni growth in European Union peaked at 6.3% in 2021 and was at its lowest, -5.5%, in 2020.
The series is highly variable year to year, so single readings are best treated with caution.
GNI growth in European Union, year by year
| Year | annual % | Change |
|---|---|---|
| 1996 | 2.0% | — |
| 1997 | 2.7% | +36.6% |
| 1998 | 3.3% | +20.9% |
| 1999 | 3.2% | -3.0% |
| 2000 | 2.9% | -9.8% |
| 2001 | 2.1% | -27.4% |
| 2002 | 1.1% | -47.6% |
| 2003 | 1.1% | +3.5% |
| 2004 | 2.7% | +140.0% |
| 2005 | 1.9% | -30.6% |
| 2006 | 3.4% | +78.7% |
| 2007 | 3.1% | -9.5% |
| 2008 | -0.2% | -105.4% |
| 2009 | -2.9% | +1671.7% |
| 2010 | 1.8% | -160.5% |
| 2011 | 1.3% | -28.3% |
| 2012 | -0.8% | -165.9% |
| 2013 | 0.4% | -144.4% |
| 2014 | 1.9% | +403.8% |
| 2015 | 2.6% | +40.6% |
| 2016 | 2.7% | +1.3% |
| 2017 | 2.4% | -8.4% |
| 2018 | 2.2% | -9.5% |
| 2019 | 2.1% | -6.9% |
| 2020 | -5.5% | -365.8% |
| 2021 | 6.3% | -214.9% |
| 2022 | 1.3% | -80.1% |
| 2023 | 1.5% | +22.3% |
| 2024 | 1.5% | -3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.8% | 2.0% | 3.3% | 4 |
| 2000s | 1.5% | -2.9% | 3.4% | 10 |
| 2010s | 1.7% | -0.8% | 2.7% | 10 |
| 2020s | 1.0% | -5.5% | 6.3% | 5 |
Countries ranked near European Union
- 1 Tajikistan 44.3% compare
- 2 Norway 26.3% compare
- 3 Guinea 16.5% compare
- 4 Russian Federation 14.9% compare
More economy & growth data for European Union
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.48 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 42,248 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8972 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 8.67 % change on previous year (2025)
- Services, value added (constant 2015 US$), per capita 23,693 constant 2015 US$ per person (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5032 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), annual growth rate 1.26 % change on previous year (2025)
- Services, value added (current US$), per capita 31,026 current US$ per person (2025)
- Services, value added (current US$), per unit of GDP 0.6589 current US$ per US$ of GDP (2025)
- Services, value added (current US$), annual growth rate 8.74 % change on previous year (2025)
Frequently asked questions
- What is gni growth in European Union?
- Gni growth in European Union was 1.5% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gni growth recorded in European Union?
- The highest recorded value was 6.3% in 2021.
- What is the lowest gni growth recorded in European Union?
- The lowest recorded value was -5.5% in 2020.
- How does European Union rank for gni growth?
- European Union ranks 1st out of 2 groups with data for 2024.
- Is gni growth rising or falling in European Union?
- Over the last ten years it is down 20.8%. The long-run trend across the full record is volatile.
- Where does this European Union data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GNI growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.