Gross domestic product (GDP) at current market prices by NUTS 3 region in Araba/Álava
Araba/Álava: Gross domestic product (GDP) at current market prices by NUTS 3 region was 14,091 Million euro in 2023. ▲ Rising
Gross domestic product (GDP) at current market prices by NUTS 3 region in Araba/Álava, 2000–2023
Source: Eurostat. Measured in Million euro.
Analysis
In 2023, gross domestic product (gdp) at current market prices by nuts 3 region in Araba/Álava stood at 14,091 Million euro. That is the highest value across all 24 years on record.
The figure is up 9.8% on the previous year and up 31.8% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by nuts 3 region in Araba/Álava peaked at 14,091 Million euro in 2023 and was at its lowest, 6,296 Million euro, in 2000.
Araba/Álava ranks 657th of 1664 regions on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Gross domestic product (GDP) at current market prices by NUTS 3 region in Araba/Álava, year by year
| Year | Million euro | Change |
|---|---|---|
| 2000 | 6,296 Million euro | — |
| 2001 | 6,838 Million euro | +8.6% |
| 2002 | 7,408 Million euro | +8.3% |
| 2003 | 7,849 Million euro | +6.0% |
| 2004 | 8,436 Million euro | +7.5% |
| 2005 | 9,184 Million euro | +8.9% |
| 2006 | 10,187 Million euro | +10.9% |
| 2007 | 11,054 Million euro | +8.5% |
| 2008 | 11,638 Million euro | +5.3% |
| 2009 | 10,805 Million euro | -7.2% |
| 2010 | 10,777 Million euro | -0.3% |
| 2011 | 10,873 Million euro | +0.9% |
| 2012 | 10,581 Million euro | -2.7% |
| 2013 | 10,688 Million euro | +1.0% |
| 2014 | 11,007 Million euro | +3.0% |
| 2015 | 11,297 Million euro | +2.6% |
| 2016 | 11,961 Million euro | +5.9% |
| 2017 | 12,336 Million euro | +3.1% |
| 2018 | 12,721 Million euro | +3.1% |
| 2019 | 12,798 Million euro | +0.6% |
| 2020 | 11,764 Million euro | -8.1% |
| 2021 | 11,958 Million euro | +1.7% |
| 2022 | 12,838 Million euro | +7.4% |
| 2023 | 14,091 Million euro | +9.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8,970 Million euro | 6,296 Million euro | 11,638 Million euro | 10 |
| 2010s | 11,504 Million euro | 10,581 Million euro | 12,798 Million euro | 10 |
| 2020s | 12,663 Million euro | 11,764 Million euro | 14,091 Million euro | 4 |
More economy & growth data for Araba/Álava
- Average annual population to calculate regional GDP data (thousand) 340.1 Thousand (2024)
- Gross value added at basic prices by NUTS 3 region 12,858 Current prices, million euro (2023)
- Business demography by size class and NUTS 3 region 20,211 (2020)
- Business demography and high growth enterprise by NACE Rev. 2 and 20,211 (2020)
Frequently asked questions
- What is gross domestic product (gdp) at current market prices by nuts 3 region in Araba/Álava?
- Gross domestic product (gdp) at current market prices by nuts 3 region in Araba/Álava was 14,091 Million euro in 2023, according to Eurostat.
- What is the highest gross domestic product (gdp) at current market prices by nuts 3 region recorded in Araba/Álava?
- The highest recorded value was 14,091 Million euro in 2023.
- What is the lowest gross domestic product (gdp) at current market prices by nuts 3 region recorded in Araba/Álava?
- The lowest recorded value was 6,296 Million euro in 2000.
- How does Araba/Álava rank for gross domestic product (gdp) at current market prices by nuts 3 region?
- Araba/Álava ranks 657th out of 1664 regions with data for 2023.
- Is gross domestic product (gdp) at current market prices by nuts 3 region rising or falling in Araba/Álava?
- Over the last ten years it is up 31.8%. The long-run trend across the full record is rising.
- Where does this Araba/Álava data come from?
- The figures come from Eurostat, published as part of Gross domestic product (GDP) at current market prices by NUTS 3 region. Statizoid updates them automatically from the source API.
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