GNI, PPP in European Union
European Union: GNI, PPP was 24.39 trillion constant 2021 international $ in 2024. ▲ Rising
GNI, PPP in European Union, 1995–2024
Source: International Comparison Program (ICP), World Bank (WB). Measured in constant 2021 international $.
Analysis
European Union recorded 24.39 trillion constant 2021 international $ for gni, ppp in 2024. That is the highest value across all 30 years on record.
The figure is up 1.7% on the previous year and up 19.5% over ten years.
Over the whole period, gni, ppp in European Union peaked at 24.39 trillion constant 2021 international $ in 2024 and was at its lowest, 14.88 trillion constant 2021 international $, in 1995.
The long-run direction has been consistently rising across the 30 years of available data.
GNI, PPP in European Union, year by year
| Year | constant 2021 international $ | Change |
|---|---|---|
| 1995 | 14.88 trillion constant 2021 international $ | — |
| 1996 | 15.19 trillion constant 2021 international $ | +2.1% |
| 1997 | 15.60 trillion constant 2021 international $ | +2.7% |
| 1998 | 16.12 trillion constant 2021 international $ | +3.3% |
| 1999 | 16.62 trillion constant 2021 international $ | +3.1% |
| 2000 | 17.10 trillion constant 2021 international $ | +2.9% |
| 2001 | 17.47 trillion constant 2021 international $ | +2.2% |
| 2002 | 17.69 trillion constant 2021 international $ | +1.3% |
| 2003 | 17.91 trillion constant 2021 international $ | +1.2% |
| 2004 | 18.42 trillion constant 2021 international $ | +2.9% |
| 2005 | 18.80 trillion constant 2021 international $ | +2.1% |
| 2006 | 19.46 trillion constant 2021 international $ | +3.5% |
| 2007 | 20.09 trillion constant 2021 international $ | +3.3% |
| 2008 | 20.11 trillion constant 2021 international $ | +0.1% |
| 2009 | 19.54 trillion constant 2021 international $ | -2.9% |
| 2010 | 19.85 trillion constant 2021 international $ | +1.6% |
| 2011 | 20.10 trillion constant 2021 international $ | +1.3% |
| 2012 | 19.93 trillion constant 2021 international $ | -0.9% |
| 2013 | 20.00 trillion constant 2021 international $ | +0.4% |
| 2014 | 20.40 trillion constant 2021 international $ | +2.0% |
| 2015 | 20.96 trillion constant 2021 international $ | +2.7% |
| 2016 | 21.54 trillion constant 2021 international $ | +2.8% |
| 2017 | 22.10 trillion constant 2021 international $ | +2.6% |
| 2018 | 22.63 trillion constant 2021 international $ | +2.4% |
| 2019 | 23.14 trillion constant 2021 international $ | +2.3% |
| 2020 | 21.89 trillion constant 2021 international $ | -5.4% |
| 2021 | 23.26 trillion constant 2021 international $ | +6.3% |
| 2022 | 23.58 trillion constant 2021 international $ | +1.3% |
| 2023 | 23.98 trillion constant 2021 international $ | +1.7% |
| 2024 | 24.39 trillion constant 2021 international $ | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.68 trillion constant 2021 international $ | 14.88 trillion constant 2021 international $ | 16.62 trillion constant 2021 international $ | 5 |
| 2000s | 18.66 trillion constant 2021 international $ | 17.10 trillion constant 2021 international $ | 20.11 trillion constant 2021 international $ | 10 |
| 2010s | 21.07 trillion constant 2021 international $ | 19.85 trillion constant 2021 international $ | 23.14 trillion constant 2021 international $ | 10 |
| 2020s | 23.42 trillion constant 2021 international $ | 21.89 trillion constant 2021 international $ | 24.39 trillion constant 2021 international $ | 5 |
Countries ranked near European Union
More economy & growth data for European Union
- Gross capital formation 3.44 trillion constant 2015 US$ (2025)
- Gross fixed capital formation 4.53 trillion current US$ (2025)
- Gross fixed capital formation 3.39 trillion constant 2015 US$ (2025)
- Gross fixed capital formation 2.7% (2025)
- Gross fixed capital formation 21.3% (2025)
- Gross capital formation 4.67 trillion current US$ (2025)
- Imports of goods and services 9.73 trillion current US$ (2025)
- Imports of goods and services 3.7% (2025)
- Imports of goods and services 7.74 trillion constant 2015 US$ (2025)
- Exports of goods and services 49.6% (2025)
Frequently asked questions
- What is gni, ppp in European Union?
- Gni, ppp in European Union was 24.39 trillion constant 2021 international $ in 2024, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gni, ppp recorded in European Union?
- The highest recorded value was 24.39 trillion constant 2021 international $ in 2024.
- What is the lowest gni, ppp recorded in European Union?
- The lowest recorded value was 14.88 trillion constant 2021 international $ in 1995.
- How does European Union rank for gni, ppp?
- European Union ranks 1st out of 2 regions with data for 2024.
- Is gni, ppp rising or falling in European Union?
- Over the last ten years it is up 19.5%. The long-run trend across the full record is rising.
- Where does this European Union data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GNI, PPP (constant 2021 international $). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
This indicator provides values for gross national income (GNI) expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.