Gross Domestic Product, GDP in millions constant 2021 international $ in Europe and Central Asia
Europe and Central Asia: Gross Domestic Product, GDP in millions constant 2021 international $ was 44.15 million in 2027. ▲ Rising
Gross Domestic Product, GDP in millions constant 2021 international $ in Europe and Central Asia, 1991–2027
Source: International Labour Organization.
Analysis
Europe and Central Asia recorded 44.15 million for gross domestic product, gdp in millions constant 2021 international $ in 2027. That is the highest value across all 37 years on record.
That represents a change of up 1.9% on the previous year and up 18.9% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Europe and Central Asia peaked at 44.15 million in 2027 and was at its lowest, 22.34 million, in 1994.
That places Europe and Central Asia 13th out of 87 groups with data for 2027, putting it in the top quarter.
The long-run direction has been consistently rising across the 37 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Europe and Central Asia, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 23.71 million | — |
| 1992 | 23.03 million | -2.9% |
| 1993 | 22.56 million | -2.1% |
| 1994 | 22.34 million | -1.0% |
| 1995 | 22.67 million | +1.5% |
| 1996 | 22.97 million | +1.4% |
| 1997 | 23.63 million | +2.8% |
| 1998 | 24.09 million | +2.0% |
| 1999 | 24.80 million | +2.9% |
| 2000 | 26.01 million | +4.9% |
| 2001 | 26.67 million | +2.6% |
| 2002 | 27.23 million | +2.1% |
| 2003 | 27.92 million | +2.6% |
| 2004 | 29.03 million | +4.0% |
| 2005 | 30.00 million | +3.3% |
| 2006 | 31.39 million | +4.7% |
| 2007 | 32.79 million | +4.4% |
| 2008 | 33.35 million | +1.7% |
| 2009 | 31.75 million | -4.8% |
| 2010 | 32.67 million | +2.9% |
| 2011 | 33.61 million | +2.9% |
| 2012 | 33.86 million | +0.7% |
| 2013 | 34.24 million | +1.1% |
| 2014 | 34.82 million | +1.7% |
| 2015 | 35.39 million | +1.6% |
| 2016 | 36.03 million | +1.8% |
| 2017 | 37.13 million | +3.0% |
| 2018 | 38.03 million | +2.4% |
| 2019 | 38.82 million | +2.1% |
| 2020 | 36.94 million | -4.8% |
| 2021 | 39.44 million | +6.8% |
| 2022 | 40.45 million | +2.6% |
| 2023 | 41.12 million | +1.6% |
| 2024 | 41.93 million | +2.0% |
| 2025 | 42.61 million | +1.6% |
| 2026 | 43.34 million | +1.7% |
| 2027 | 44.15 million | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.31 million | 22.34 million | 24.80 million | 9 |
| 2000s | 29.61 million | 26.01 million | 33.35 million | 10 |
| 2010s | 35.46 million | 32.67 million | 38.82 million | 10 |
| 2020s | 41.25 million | 36.94 million | 44.15 million | 8 |
Countries ranked near Europe and Central Asia
- 10 United Kingdom 3.79 million compare
- 11 Turkey 3.37 million compare
- 12 Italy 3.19 million compare
- 13 Mexico 3.02 million compare
- 14 South Korea 2.81 million compare
- 15 Spain 2.53 million compare
- 16 Saudi Arabia 2.48 million compare
More economy & growth data for Europe and Central Asia
- Gross Domestic Product, GDP in millions constant 2021 international $ 1.87 % change on previous year (2027)
- Output per hour worked, GDP constant 2021 international $ at PPP 56.82 (2027)
- OECD Economic Outlook 117 long-term scenarios — Trend employment 70.83 (2100)
- OECD Economic Outlook 117 long-term scenarios — Share of coal in 0.0936 (2100)
- OECD Economic Outlook 117 long-term scenarios — Share of solar in 0.0724 (2100)
Frequently asked questions
- What is gross domestic product, gdp in millions constant 2021 international $ in Europe and Central Asia?
- Gross domestic product, gdp in millions constant 2021 international $ in Europe and Central Asia was 44.15 million in 2027, according to International Labour Organization.
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Europe and Central Asia?
- The highest recorded value was 44.15 million in 2027.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Europe and Central Asia?
- The lowest recorded value was 22.34 million in 1994.
- How does Europe and Central Asia rank for gross domestic product, gdp in millions constant 2021 international $?
- Europe and Central Asia ranks 13th out of 87 groups with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Europe and Central Asia?
- Over the last ten years it is up 18.9%. The long-run trend across the full record is rising.
- Where does this Europe and Central Asia data come from?
- The figures come from International Labour Organization, published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
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About this data
Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.