Gross Domestic Product, GDP in millions constant 2021 international $ in European Union 28
European Union 28: Gross Domestic Product, GDP in millions constant 2021 international $ was 1.58 % change on previous year in 2027. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in European Union 28, 1992–2027
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2027, gross domestic product, gdp in millions constant 2021 international $ in European Union 28 stood at 1.58 % change on previous year.
Compared with earlier readings it is up 13.6% on the previous year and down 45.9% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in European Union 28 peaked at 6.66 % change on previous year in 2021 and was at its lowest, -6.25 % change on previous year, in 2020.
European Union 28 ranks 80th of 86 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product, GDP in millions constant 2021 international $ in European Union 28, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | 0.5643 % change on previous year | — |
| 1993 | -0.2043 % change on previous year | -136.2% |
| 1994 | 2.85 % change on previous year | -1492.6% |
| 1995 | 2.83 % change on previous year | -0.6% |
| 1996 | 2.11 % change on previous year | -25.3% |
| 1997 | 2.86 % change on previous year | +35.5% |
| 1998 | 2.99 % change on previous year | +4.5% |
| 1999 | 2.92 % change on previous year | -2.5% |
| 2000 | 3.99 % change on previous year | +36.7% |
| 2001 | 2.29 % change on previous year | -42.5% |
| 2002 | 1.32 % change on previous year | -42.4% |
| 2003 | 1.38 % change on previous year | +4.2% |
| 2004 | 2.74 % change on previous year | +99.4% |
| 2005 | 2.21 % change on previous year | -19.4% |
| 2006 | 3.55 % change on previous year | +60.6% |
| 2007 | 3.23 % change on previous year | -9.2% |
| 2008 | 0.7287 % change on previous year | -77.4% |
| 2009 | -4.3 % change on previous year | -690.0% |
| 2010 | 2.04 % change on previous year | -147.4% |
| 2011 | 1.85 % change on previous year | -9.2% |
| 2012 | -0.4644 % change on previous year | -125.1% |
| 2013 | 0.1804 % change on previous year | -138.9% |
| 2014 | 1.91 % change on previous year | +956.2% |
| 2015 | 2.4 % change on previous year | +26.0% |
| 2016 | 1.99 % change on previous year | -16.9% |
| 2017 | 2.92 % change on previous year | +46.2% |
| 2018 | 2.15 % change on previous year | -26.2% |
| 2019 | 1.97 % change on previous year | -8.6% |
| 2020 | -6.25 % change on previous year | -417.7% |
| 2021 | 6.66 % change on previous year | -206.6% |
| 2022 | 3.86 % change on previous year | -42.0% |
| 2023 | 0.5139 % change on previous year | -86.7% |
| 2024 | 1.13 % change on previous year | +119.4% |
| 2025 | 1.37 % change on previous year | +21.3% |
| 2026 | 1.39 % change on previous year | +1.4% |
| 2027 | 1.58 % change on previous year | +13.6% |
Biggest year-on-year movements
Years where Gross Domestic Product, GDP in millions constant 2021 international $ in European Union 28 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 |
|---|---|---|---|
| 1994 | +1492.6% | -0.2043 % change on previous year | 2.85 % change on previous year |
| 2014 | +956.2% | 0.1804 % change on previous year | 1.91 % change on previous year |
| 2009 | -690.0% | 0.7287 % change on previous year | -4.3 % change on previous year |
| 2020 | -417.7% | 1.97 % change on previous year | -6.25 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.11 % change on previous year | -0.2043 % change on previous year | 2.99 % change on previous year | 8 |
| 2000s | 1.71 % change on previous year | -4.3 % change on previous year | 3.99 % change on previous year | 10 |
| 2010s | 1.69 % change on previous year | -0.4644 % change on previous year | 2.92 % change on previous year | 10 |
| 2020s | 1.28 % change on previous year | -6.25 % change on previous year | 6.66 % change on previous year | 8 |
Countries ranked near European Union 28
- 77 Moldova 3.5 % change on previous year compare
- 78 Paraguay 3.5 % change on previous year compare
- 79 Ukraine 3.45 % change on previous year compare
- 80 Mauritius 3.4 % change on previous year compare
- 81 Chad 3.35 % change on previous year compare
- 82 Bahrain 3.28 % change on previous year compare
- 83 Israel 3.28 % change on previous year compare
More economy & growth data for European Union 28
- Gross Domestic Product, GDP in millions constant 2021 international $ 29.32 million (2027)
- Output per hour worked, GDP constant 2021 international $ at PPP 73.27 (2027)
Frequently asked questions
- What is gross domestic product, gdp in millions constant 2021 international $ in European Union 28?
- Gross domestic product, gdp in millions constant 2021 international $ in European Union 28 was 1.58 % change on previous year in 2027, according to Statizoid (derived).
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in European Union 28?
- The highest recorded value was 6.66 % change on previous year in 2021.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in European Union 28?
- The lowest recorded value was -6.25 % change on previous year in 2020.
- How does European Union 28 rank for gross domestic product, gdp in millions constant 2021 international $?
- European Union 28 ranks 80th out of 86 groups with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in European Union 28?
- Over the last ten years it is down 45.9%. The long-run trend across the full record is volatile.
- Where does this European Union 28 data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.