Gross domestic product (GDP) at current market prices by NUTS 3 region in Lanzarote
Lanzarote: Gross domestic product (GDP) at current market prices by NUTS 3 region was 4,273 Million euro in 2023. ▲ Rising
Gross domestic product (GDP) at current market prices by NUTS 3 region in Lanzarote, 2000–2023
Source: Eurostat. Measured in Million euro.
Analysis
Lanzarote recorded 4,273 Million euro for gross domestic product (gdp) at current market prices by nuts 3 region in 2023. That is the highest value across all 24 years on record.
The figure is up 12.0% on the previous year and up 48.3% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by nuts 3 region in Lanzarote peaked at 4,273 Million euro in 2023 and was at its lowest, 1,768 Million euro, in 2000.
That places Lanzarote 1278th out of 1664 regions with data for 2023, putting it in the bottom quarter.
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 Lanzarote, year by year
| Year | Million euro | Change |
|---|---|---|
| 2000 | 1,768 Million euro | — |
| 2001 | 1,989 Million euro | +12.5% |
| 2002 | 2,175 Million euro | +9.4% |
| 2003 | 2,318 Million euro | +6.6% |
| 2004 | 2,432 Million euro | +4.9% |
| 2005 | 2,642 Million euro | +8.6% |
| 2006 | 2,789 Million euro | +5.6% |
| 2007 | 2,935 Million euro | +5.2% |
| 2008 | 2,923 Million euro | -0.4% |
| 2009 | 2,814 Million euro | -3.7% |
| 2010 | 2,775 Million euro | -1.4% |
| 2011 | 2,843 Million euro | +2.4% |
| 2012 | 2,747 Million euro | -3.4% |
| 2013 | 2,882 Million euro | +4.9% |
| 2014 | 2,930 Million euro | +1.7% |
| 2015 | 3,032 Million euro | +3.5% |
| 2016 | 3,158 Million euro | +4.2% |
| 2017 | 3,348 Million euro | +6.0% |
| 2018 | 3,490 Million euro | +4.2% |
| 2019 | 3,572 Million euro | +2.3% |
| 2020 | 2,667 Million euro | -25.3% |
| 2021 | 3,106 Million euro | +16.5% |
| 2022 | 3,814 Million euro | +22.8% |
| 2023 | 4,273 Million euro | +12.0% |
Biggest year-on-year movements
Years where Gross domestic product (GDP) at current market prices by NUTS 3 region in Lanzarote 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 | -25.3% | 3,572 Million euro | 2,667 Million euro |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2,478 Million euro | 1,768 Million euro | 2,935 Million euro | 10 |
| 2010s | 3,078 Million euro | 2,747 Million euro | 3,572 Million euro | 10 |
| 2020s | 3,465 Million euro | 2,667 Million euro | 4,273 Million euro | 4 |
More economy & growth data for Lanzarote
- Average annual population to calculate regional GDP data (thousand) 165 Thousand (2024)
- Gross value added at basic prices by NUTS 3 region 4,023 Current prices, million euro (2023)
- Business demography by size class and NUTS 3 region 13,127 (2020)
- Business demography and high growth enterprise by NACE Rev. 2 and 13,127 (2020)
Frequently asked questions
- What is gross domestic product (gdp) at current market prices by nuts 3 region in Lanzarote?
- Gross domestic product (gdp) at current market prices by nuts 3 region in Lanzarote was 4,273 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 Lanzarote?
- The highest recorded value was 4,273 Million euro in 2023.
- What is the lowest gross domestic product (gdp) at current market prices by nuts 3 region recorded in Lanzarote?
- The lowest recorded value was 1,768 Million euro in 2000.
- How does Lanzarote rank for gross domestic product (gdp) at current market prices by nuts 3 region?
- Lanzarote ranks 1278th 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 Lanzarote?
- Over the last ten years it is up 48.3%. The long-run trend across the full record is rising.
- Where does this Lanzarote 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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