Gross domestic product (GDP) at current market prices by NUTS 3 region in Eivissa y Formentera
Eivissa y Formentera: Gross domestic product (GDP) at current market prices by NUTS 3 region was 5,635 Million euro in 2023. ▲ Rising
Gross domestic product (GDP) at current market prices by NUTS 3 region in Eivissa y Formentera, 2000–2023
Source: Eurostat. Measured in Million euro.
Analysis
In 2023, gross domestic product (gdp) at current market prices by nuts 3 region in Eivissa y Formentera stood at 5,635 Million euro. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 12.7% on the previous year and up 77.9% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by nuts 3 region in Eivissa y Formentera peaked at 5,635 Million euro in 2023 and was at its lowest, 1,591 Million euro, in 2000.
Eivissa y Formentera ranks 1150th 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 Eivissa y Formentera, year by year
| Year | Million euro | Change |
|---|---|---|
| 2000 | 1,591 Million euro | — |
| 2001 | 1,736 Million euro | +9.1% |
| 2002 | 1,868 Million euro | +7.6% |
| 2003 | 1,996 Million euro | +6.9% |
| 2004 | 2,118 Million euro | +6.1% |
| 2005 | 2,304 Million euro | +8.8% |
| 2006 | 2,531 Million euro | +9.8% |
| 2007 | 2,719 Million euro | +7.4% |
| 2008 | 2,873 Million euro | +5.7% |
| 2009 | 2,804 Million euro | -2.4% |
| 2010 | 2,924 Million euro | +4.3% |
| 2011 | 3,033 Million euro | +3.7% |
| 2012 | 3,124 Million euro | +3.0% |
| 2013 | 3,168 Million euro | +1.4% |
| 2014 | 3,396 Million euro | +7.2% |
| 2015 | 3,654 Million euro | +7.6% |
| 2016 | 3,916 Million euro | +7.2% |
| 2017 | 4,125 Million euro | +5.3% |
| 2018 | 4,356 Million euro | +5.6% |
| 2019 | 4,528 Million euro | +3.9% |
| 2020 | 3,153 Million euro | -30.4% |
| 2021 | 3,888 Million euro | +23.3% |
| 2022 | 5,000 Million euro | +28.6% |
| 2023 | 5,635 Million euro | +12.7% |
Biggest year-on-year movements
Years where Gross domestic product (GDP) at current market prices by NUTS 3 region in Eivissa y Formentera changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -30.4% | 4,528 Million euro | 3,153 Million euro |
| 2022 | +28.6% | 3,888 Million euro | 5,000 Million euro |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2,254 Million euro | 1,591 Million euro | 2,873 Million euro | 10 |
| 2010s | 3,622 Million euro | 2,924 Million euro | 4,528 Million euro | 10 |
| 2020s | 4,419 Million euro | 3,153 Million euro | 5,635 Million euro | 4 |
More economy & growth data for Eivissa y Formentera
- Average annual population to calculate regional GDP data (thousand) 174.2 Thousand (2024)
- Gross value added at basic prices by NUTS 3 region 5,139 Current prices, million euro (2023)
- Business demography by size class and NUTS 3 region 16,753 (2020)
- Business demography and high growth enterprise by NACE Rev. 2 and 16,753 (2020)
Frequently asked questions
- What is gross domestic product (gdp) at current market prices by nuts 3 region in Eivissa y Formentera?
- Gross domestic product (gdp) at current market prices by nuts 3 region in Eivissa y Formentera was 5,635 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 Eivissa y Formentera?
- The highest recorded value was 5,635 Million euro in 2023.
- What is the lowest gross domestic product (gdp) at current market prices by nuts 3 region recorded in Eivissa y Formentera?
- The lowest recorded value was 1,591 Million euro in 2000.
- How does Eivissa y Formentera rank for gross domestic product (gdp) at current market prices by nuts 3 region?
- Eivissa y Formentera ranks 1150th 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 Eivissa y Formentera?
- Over the last ten years it is up 77.9%. The long-run trend across the full record is rising.
- Where does this Eivissa y Formentera 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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