Gross domestic product (GDP) at current market prices by NUTS 3 region in Magdeburg, Kreisfreie Stadt
Magdeburg, Kreisfreie Stadt: Gross domestic product (GDP) at current market prices by NUTS 3 region was 10,340 Million euro in 2023. ▲ Rising
Gross domestic product (GDP) at current market prices by NUTS 3 region in Magdeburg, Kreisfreie Stadt, 2000–2023
Source: Eurostat. Measured in Million euro.
Analysis
The most recent figure for gross domestic product (gdp) at current market prices by nuts 3 region in Magdeburg, Kreisfreie Stadt is 10,340 Million euro, measured in 2023. That is the highest value across all 24 years on record.
The figure is up 9.7% on the previous year and up 40.4% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by nuts 3 region in Magdeburg, Kreisfreie Stadt peaked at 10,340 Million euro in 2023 and was at its lowest, 5,702 Million euro, in 2000.
That places Magdeburg, Kreisfreie Stadt 808th out of 1664 regions with data for 2023, putting it 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 Magdeburg, Kreisfreie Stadt, year by year
| Year | Million euro | Change |
|---|---|---|
| 2000 | 5,702 Million euro | — |
| 2001 | 5,858 Million euro | +2.7% |
| 2002 | 6,062 Million euro | +3.5% |
| 2003 | 6,153 Million euro | +1.5% |
| 2004 | 6,174 Million euro | +0.3% |
| 2005 | 6,132 Million euro | -0.7% |
| 2006 | 6,474 Million euro | +5.6% |
| 2007 | 6,675 Million euro | +3.1% |
| 2008 | 6,850 Million euro | +2.6% |
| 2009 | 6,970 Million euro | +1.8% |
| 2010 | 7,038 Million euro | +1.0% |
| 2011 | 7,075 Million euro | +0.5% |
| 2012 | 7,293 Million euro | +3.1% |
| 2013 | 7,366 Million euro | +1.0% |
| 2014 | 7,738 Million euro | +5.0% |
| 2015 | 7,737 Million euro | -0.0% |
| 2016 | 7,896 Million euro | +2.0% |
| 2017 | 8,194 Million euro | +3.8% |
| 2018 | 8,398 Million euro | +2.5% |
| 2019 | 8,774 Million euro | +4.5% |
| 2020 | 8,664 Million euro | -1.3% |
| 2021 | 8,988 Million euro | +3.7% |
| 2022 | 9,426 Million euro | +4.9% |
| 2023 | 10,340 Million euro | +9.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6,305 Million euro | 5,702 Million euro | 6,970 Million euro | 10 |
| 2010s | 7,751 Million euro | 7,038 Million euro | 8,774 Million euro | 10 |
| 2020s | 9,355 Million euro | 8,664 Million euro | 10,340 Million euro | 4 |
More economy & growth data for Magdeburg, Kreisfreie Stadt
- Average annual population to calculate regional GDP data (thousand) 242.12 Thousand (2023)
- Gross value added at basic prices by NUTS 3 region 9,445 Current prices, million euro (2023)
Frequently asked questions
- What is gross domestic product (gdp) at current market prices by nuts 3 region in Magdeburg, Kreisfreie Stadt?
- Gross domestic product (gdp) at current market prices by nuts 3 region in Magdeburg, Kreisfreie Stadt was 10,340 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 Magdeburg, Kreisfreie Stadt?
- The highest recorded value was 10,340 Million euro in 2023.
- What is the lowest gross domestic product (gdp) at current market prices by nuts 3 region recorded in Magdeburg, Kreisfreie Stadt?
- The lowest recorded value was 5,702 Million euro in 2000.
- How does Magdeburg, Kreisfreie Stadt rank for gross domestic product (gdp) at current market prices by nuts 3 region?
- Magdeburg, Kreisfreie Stadt ranks 808th 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 Magdeburg, Kreisfreie Stadt?
- Over the last ten years it is up 40.4%. The long-run trend across the full record is rising.
- Where does this Magdeburg, Kreisfreie Stadt 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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