Gross Domestic Product — Annual growth US$ in Western Europe
Western Europe: Gross Domestic Product — Annual growth US$ was 3.64 % in 2024. ◆ Volatile
Gross Domestic Product — Annual growth US$ in Western Europe, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, gross domestic product — annual growth us$ in Western Europe stood at 3.64 %.
That represents a change of down 59.0% on the previous year and up 24.2% over ten years.
Over the whole period, gross domestic product — annual growth us$ in Western Europe peaked at 41.43 % in 1986 and was at its lowest, -14.27 %, in 1981.
That places Western Europe 25th out of 29 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Annual growth US$ in Western Europe, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 14.61 % | — |
| 1972 | 21.57 % | +47.6% |
| 1973 | 31.84 % | +47.6% |
| 1974 | 11.94 % | -62.5% |
| 1975 | 16.26 % | +36.2% |
| 1976 | 5.49 % | -66.2% |
| 1977 | 13.75 % | +150.4% |
| 1978 | 23.95 % | +74.2% |
| 1979 | 18.61 % | -22.3% |
| 1980 | 9.98 % | -46.4% |
| 1981 | -14.27 % | -243.0% |
| 1982 | -3.78 % | -73.5% |
| 1983 | -2.24 % | -40.8% |
| 1984 | -5.51 % | +145.9% |
| 1985 | 2.14 % | -138.9% |
| 1986 | 41.43 % | +1834.6% |
| 1987 | 23.1 % | -44.2% |
| 1988 | 8.27 % | -64.2% |
| 1989 | -0.1542 % | -101.9% |
| 1990 | 25.34 % | -16541.3% |
| 1991 | 3.12 % | -87.7% |
| 1992 | 11.87 % | +280.8% |
| 1993 | -3.66 % | -130.9% |
| 1994 | 6.69 % | -282.6% |
| 1995 | 16.75 % | +150.5% |
| 1996 | -1.98 % | -111.8% |
| 1997 | -10.46 % | +429.7% |
| 1998 | 2.43 % | -123.2% |
| 1999 | -0.7881 % | -132.4% |
| 2000 | -9.39 % | +1090.9% |
| 2001 | 0.7028 % | -107.5% |
| 2002 | 8.07 % | +1048.4% |
| 2003 | 21.5 % | +166.5% |
| 2004 | 13.64 % | -36.6% |
| 2005 | 2.95 % | -78.4% |
| 2006 | 5.76 % | +95.3% |
| 2007 | 14.54 % | +152.2% |
| 2008 | 10.4 % | -28.5% |
| 2009 | -7.72 % | -174.2% |
| 2010 | -0.677 % | -91.2% |
| 2011 | 10 % | -1576.9% |
| 2012 | -6.04 % | -160.4% |
| 2013 | 5.16 % | -185.4% |
| 2014 | 2.93 % | -43.2% |
| 2015 | -13.3 % | -553.5% |
| 2016 | 2.27 % | -117.1% |
| 2017 | 5.38 % | +137.2% |
| 2018 | 7.64 % | +42.0% |
| 2019 | -1.83 % | -124.0% |
| 2020 | -0.8547 % | -53.3% |
| 2021 | 11.3 % | -1421.8% |
| 2022 | -3.55 % | -131.4% |
| 2023 | 8.89 % | -350.6% |
| 2024 | 3.64 % | -59.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.56 % | 5.49 % | 31.84 % | 9 |
| 1980s | 5.9 % | -14.27 % | 41.43 % | 10 |
| 1990s | 4.93 % | -10.46 % | 25.34 % | 10 |
| 2000s | 6.05 % | -9.39 % | 21.5 % | 10 |
| 2010s | 1.15 % | -13.3 % | 10 % | 10 |
| 2020s | 3.88 % | -3.55 % | 11.3 % | 5 |
Countries ranked near Western Europe
More economy & growth data for Western Europe
- Gross Domestic Product, GDP in millions constant 2021 international $ 12.78 million (2027)
- Gross Domestic Product — Value US$ 11.28 million million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 1.94 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 56,453 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 45,841 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 9.16 million million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita 3.47 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 0.4755 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 21.22 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices -1.68 % (2024)
Frequently asked questions
- What is gross domestic product — annual growth us$ in Western Europe?
- Gross domestic product — annual growth us$ in Western Europe was 3.64 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — annual growth us$ recorded in Western Europe?
- The highest recorded value was 41.43 % in 1986.
- What is the lowest gross domestic product — annual growth us$ recorded in Western Europe?
- The lowest recorded value was -14.27 % in 1981.
- How does Western Europe rank for gross domestic product — annual growth us$?
- Western Europe ranks 25th out of 29 groups with data for 2024.
- Is gross domestic product — annual growth us$ rising or falling in Western Europe?
- Over the last ten years it is up 24.2%. The long-run trend across the full record is volatile.
- Where does this Western Europe data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Annual growth US$. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).