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 29.32 million in 2027. ▲ Rising
Gross Domestic Product, GDP in millions constant 2021 international $ in European Union 28, 1991–2027
Source: International Labour Organization.
Analysis
European Union 28 recorded 29.32 million for gross domestic product, gdp in millions constant 2021 international $ in 2027. That is the highest value across all 37 years on record.
The figure is up 1.6% on the previous year and up 14.8% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in European Union 28 peaked at 29.32 million in 2027 and was at its lowest, 16.11 million, in 1991.
European Union 28 ranks 22nd of 87 groups on this measure, 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 European Union 28, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 16.11 million | — |
| 1992 | 16.20 million | +0.6% |
| 1993 | 16.17 million | -0.2% |
| 1994 | 16.63 million | +2.8% |
| 1995 | 17.10 million | +2.8% |
| 1996 | 17.46 million | +2.1% |
| 1997 | 17.96 million | +2.9% |
| 1998 | 18.49 million | +3.0% |
| 1999 | 19.03 million | +2.9% |
| 2000 | 19.79 million | +4.0% |
| 2001 | 20.25 million | +2.3% |
| 2002 | 20.51 million | +1.3% |
| 2003 | 20.80 million | +1.4% |
| 2004 | 21.37 million | +2.7% |
| 2005 | 21.84 million | +2.2% |
| 2006 | 22.61 million | +3.6% |
| 2007 | 23.34 million | +3.2% |
| 2008 | 23.51 million | +0.7% |
| 2009 | 22.50 million | -4.3% |
| 2010 | 22.96 million | +2.0% |
| 2011 | 23.39 million | +1.9% |
| 2012 | 23.28 million | -0.5% |
| 2013 | 23.32 million | +0.2% |
| 2014 | 23.76 million | +1.9% |
| 2015 | 24.33 million | +2.4% |
| 2016 | 24.82 million | +2.0% |
| 2017 | 25.54 million | +2.9% |
| 2018 | 26.09 million | +2.2% |
| 2019 | 26.61 million | +2.0% |
| 2020 | 24.94 million | -6.2% |
| 2021 | 26.61 million | +6.7% |
| 2022 | 27.63 million | +3.9% |
| 2023 | 27.77 million | +0.5% |
| 2024 | 28.09 million | +1.1% |
| 2025 | 28.47 million | +1.4% |
| 2026 | 28.87 million | +1.4% |
| 2027 | 29.32 million | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.24 million | 16.11 million | 19.03 million | 9 |
| 2000s | 21.65 million | 19.79 million | 23.51 million | 10 |
| 2010s | 24.41 million | 22.96 million | 26.61 million | 10 |
| 2020s | 27.71 million | 24.94 million | 29.32 million | 8 |
Countries ranked near European Union 28
More economy & growth data for European Union 28
- Gross Domestic Product, GDP in millions constant 2021 international $ 1.58 % change on previous year (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 29.32 million in 2027, according to International Labour Organization.
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in European Union 28?
- The highest recorded value was 29.32 million in 2027.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in European Union 28?
- The lowest recorded value was 16.11 million in 1991.
- How does European Union 28 rank for gross domestic product, gdp in millions constant 2021 international $?
- European Union 28 ranks 22nd out of 87 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 up 14.8%. The long-run trend across the full record is rising.
- Where does this European Union 28 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.