Gross domestic product (GDP) at current market prices by NUTS 3 region in Svalbard
Svalbard: Gross domestic product (GDP) at current market prices by NUTS 3 region was 191.28 Million euro in 2021. ▼ Falling
Gross domestic product (GDP) at current market prices by NUTS 3 region in Svalbard, 2008–2021
Source: Eurostat. Measured in Million euro.
Analysis
Svalbard recorded 191.28 Million euro for gross domestic product (gdp) at current market prices by nuts 3 region in 2021.
The figure is up 59.8% on the previous year and down 15.4% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by nuts 3 region in Svalbard peaked at 402.6 Million euro in 2008 and was at its lowest, 119.73 Million euro, in 2020.
Svalbard ranks 1657th of 1664 regions on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Gross domestic product (GDP) at current market prices by NUTS 3 region in Svalbard, year by year
| Year | Million euro | Change |
|---|---|---|
| 2008 | 402.6 Million euro | — |
| 2009 | 254.18 Million euro | -36.9% |
| 2010 | 275.88 Million euro | +8.5% |
| 2011 | 226.22 Million euro | -18.0% |
| 2012 | 176.23 Million euro | -22.1% |
| 2013 | 228.49 Million euro | +29.7% |
| 2014 | 142.45 Million euro | -37.7% |
| 2015 | 165.85 Million euro | +16.4% |
| 2016 | 187.43 Million euro | +13.0% |
| 2017 | 159.44 Million euro | -14.9% |
| 2018 | 159.28 Million euro | -0.1% |
| 2019 | 178.32 Million euro | +12.0% |
| 2020 | 119.73 Million euro | -32.9% |
| 2021 | 191.28 Million euro | +59.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 328.39 Million euro | 254.18 Million euro | 402.6 Million euro | 2 |
| 2010s | 189.96 Million euro | 142.45 Million euro | 275.88 Million euro | 10 |
| 2020s | 155.5 Million euro | 119.73 Million euro | 191.28 Million euro | 2 |
More economy & growth data for Svalbard
- Average annual population to calculate regional GDP data (thousand) 0 Thousand (2021)
- Gross value added at basic prices by NUTS 3 region 172.29 Current prices, million euro (2021)
Frequently asked questions
- What is gross domestic product (gdp) at current market prices by nuts 3 region in Svalbard?
- Gross domestic product (gdp) at current market prices by nuts 3 region in Svalbard was 191.28 Million euro in 2021, according to Eurostat.
- What is the highest gross domestic product (gdp) at current market prices by nuts 3 region recorded in Svalbard?
- The highest recorded value was 402.6 Million euro in 2008.
- What is the lowest gross domestic product (gdp) at current market prices by nuts 3 region recorded in Svalbard?
- The lowest recorded value was 119.73 Million euro in 2020.
- How does Svalbard rank for gross domestic product (gdp) at current market prices by nuts 3 region?
- Svalbard ranks 1657th out of 1664 regions with data for 2021.
- Is gross domestic product (gdp) at current market prices by nuts 3 region rising or falling in Svalbard?
- Over the last ten years it is down 15.4%. The long-run trend across the full record is falling.
- Where does this Svalbard 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.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (Eurostat).