Gross domestic product (GDP) at current market prices by other in European Union - 27 countries (from 2020)
European Union - 27 countries (from 2020): Gross domestic product (GDP) at current market prices by other was 8.98 million Million euro in 2023. ▲ Rising
Latest (2023)
8.98 million Million euro
Change on year
up 6.5%
Rank
1st
of 1 regions
All-time high
8.98 million Million euro
in 2023
All-time low
4.58 million Million euro
in 2003
Years of data
21
2003–2023
Gross domestic product (GDP) at current market prices by other in European Union - 27 countries (from 2020), 2003–2023
Source: Eurostat. Measured in Million euro.
Analysis
In 2023, gross domestic product (gdp) at current market prices by other in European Union - 27 countries (from 2020) stood at 8.98 million Million euro. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 6.5% on the previous year and up 49.4% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by other in European Union - 27 countries (from 2020) peaked at 8.98 million Million euro in 2023 and was at its lowest, 4.58 million Million euro, in 2003.
The long-run direction has been consistently rising across the 21 years of available data.
Gross domestic product (GDP) at current market prices by other in European Union - 27 countries (from 2020), year by year
| Year | Million euro | Change |
|---|---|---|
| 2003 | 4.58 million Million euro | — |
| 2004 | 4.79 million Million euro | +4.4% |
| 2005 | 5.00 million Million euro | +4.4% |
| 2006 | 5.28 million Million euro | +5.6% |
| 2007 | 5.59 million Million euro | +6.0% |
| 2008 | 5.78 million Million euro | +3.3% |
| 2009 | 5.56 million Million euro | -3.8% |
| 2010 | 5.76 million Million euro | +3.6% |
| 2011 | 5.91 million Million euro | +2.6% |
| 2012 | 5.94 million Million euro | +0.5% |
| 2013 | 6.01 million Million euro | +1.2% |
| 2014 | 6.16 million Million euro | +2.5% |
| 2015 | 6.39 million Million euro | +3.8% |
| 2016 | 6.58 million Million euro | +2.9% |
| 2017 | 6.84 million Million euro | +4.0% |
| 2018 | 7.10 million Million euro | +3.8% |
| 2019 | 7.36 million Million euro | +3.7% |
| 2020 | 7.02 million Million euro | -4.6% |
| 2021 | 7.70 million Million euro | +9.7% |
| 2022 | 8.43 million Million euro | +9.5% |
| 2023 | 8.98 million Million euro | +6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.22 million Million euro | 4.58 million Million euro | 5.78 million Million euro | 7 |
| 2010s | 6.41 million Million euro | 5.76 million Million euro | 7.36 million Million euro | 10 |
| 2020s | 8.03 million Million euro | 7.02 million Million euro | 8.98 million Million euro | 4 |
Countries ranked near European Union - 27 countries (from 2020)
More economy & growth data for European Union - 27 countries (from 2020)
- Gross domestic product (GDP) and Gross value added (GVA) in volume by 112.4 Index, 2020=100 (2024)
- Gross domestic product (GDP) at current market prices by NUTS 2 region 18.02 million Million euro (2024)
- Average annual population to calculate regional GDP data (thousand) 451,029 Thousand (2024)
- Gross domestic product (GDP) at current market prices by NUTS 3 region 18.02 million Million euro (2024)
- Gross value added at basic prices by NUTS 3 region 16.20 million Current prices, million euro (2024)
- Agricultural land prices by region 15,224 Euro per hectare (2024)
- Agricultural land renting prices for one year by region 295 Euro per hectare (2024)
- Irrigation of agricultural holdings by utilised agricultural area 155.11 million Hectare (2020)
- Farms and hectares by crops, utilised agricultural area, economic 155.11 million Hectare (2020)
- Gross domestic product (GDP) and main components (output, expenditure) 111.34 Chain linked volumes, index 2020=100 (2026)
Frequently asked questions
- What is gross domestic product (gdp) at current market prices by other in European Union - 27 countries (from 2020)?
- Gross domestic product (gdp) at current market prices by other in European Union - 27 countries (from 2020) was 8.98 million Million euro in 2023, according to Eurostat.
- What is the highest gross domestic product (gdp) at current market prices by other recorded in European Union - 27 countries (from 2020)?
- The highest recorded value was 8.98 million Million euro in 2023.
- What is the lowest gross domestic product (gdp) at current market prices by other recorded in European Union - 27 countries (from 2020)?
- The lowest recorded value was 4.58 million Million euro in 2003.
- How does European Union - 27 countries (from 2020) rank for gross domestic product (gdp) at current market prices by other?
- European Union - 27 countries (from 2020) ranks 1st out of 1 regions with data for 2023.
- Is gross domestic product (gdp) at current market prices by other rising or falling in European Union - 27 countries (from 2020)?
- Over the last ten years it is up 49.4%. The long-run trend across the full record is rising.
- Where does this European Union - 27 countries (from 2020) data come from?
- The figures come from Eurostat, published as part of Gross domestic product (GDP) at current market prices by other typologies. Statizoid updates them automatically from the source API.
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