Gross Domestic Product — Value US$, annual growth rate in European Union (27)
European Union (27): Gross Domestic Product — Value US$, annual growth rate was 4.41 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in European Union (27), 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
European Union (27) recorded 4.41 % change on previous year for gross domestic product — value us$, annual growth rate in 2024.
That represents a change of down 53.0% on the previous year and up 86.3% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in European Union (27) peaked at 38.08 % change on previous year in 1986 and was at its lowest, -13.38 % change on previous year, in 2015.
That places European Union (27) 23rd out of 30 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in European Union (27), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 12.33 % change on previous year | — |
| 1972 | 17.75 % change on previous year | +44.0% |
| 1973 | 26.33 % change on previous year | +48.3% |
| 1974 | 12.67 % change on previous year | -51.9% |
| 1975 | 13.77 % change on previous year | +8.7% |
| 1976 | 6.42 % change on previous year | -53.4% |
| 1977 | 12.64 % change on previous year | +97.0% |
| 1978 | -4.31 % change on previous year | -134.1% |
| 1979 | 20.08 % change on previous year | -566.1% |
| 1980 | 10.86 % change on previous year | -45.9% |
| 1981 | -12.19 % change on previous year | -212.3% |
| 1982 | -2.69 % change on previous year | -77.9% |
| 1983 | -2.28 % change on previous year | -15.2% |
| 1984 | -3.7 % change on previous year | +62.3% |
| 1985 | 2.92 % change on previous year | -179.0% |
| 1986 | 38.08 % change on previous year | +1202.3% |
| 1987 | 22.53 % change on previous year | -40.8% |
| 1988 | 9.89 % change on previous year | -56.1% |
| 1989 | 2.23 % change on previous year | -77.5% |
| 1990 | 25.74 % change on previous year | +1056.8% |
| 1991 | 3.71 % change on previous year | -85.6% |
| 1992 | 9.74 % change on previous year | +162.7% |
| 1993 | -8.57 % change on previous year | -188.0% |
| 1994 | 6 % change on previous year | -170.0% |
| 1995 | 15.81 % change on previous year | +163.6% |
| 1996 | 1.65 % change on previous year | -89.6% |
| 1997 | -8.27 % change on previous year | -601.4% |
| 1998 | 3.02 % change on previous year | -136.4% |
| 1999 | -0.3808 % change on previous year | -112.6% |
| 2000 | -8.22 % change on previous year | +2057.6% |
| 2001 | 1.61 % change on previous year | -119.7% |
| 2002 | 9.35 % change on previous year | +479.0% |
| 2003 | 22.91 % change on previous year | +145.0% |
| 2004 | 15 % change on previous year | -34.5% |
| 2005 | 4.43 % change on previous year | -70.4% |
| 2006 | 6.82 % change on previous year | +53.9% |
| 2007 | 15.87 % change on previous year | +132.6% |
| 2008 | 10.7 % change on previous year | -32.6% |
| 2009 | -9.27 % change on previous year | -186.6% |
| 2010 | -1.36 % change on previous year | -85.3% |
| 2011 | 8.41 % change on previous year | -717.3% |
| 2012 | -7.2 % change on previous year | -185.6% |
| 2013 | 4.52 % change on previous year | -162.7% |
| 2014 | 2.37 % change on previous year | -47.6% |
| 2015 | -13.38 % change on previous year | -665.4% |
| 2016 | 2.46 % change on previous year | -118.4% |
| 2017 | 6.29 % change on previous year | +155.6% |
| 2018 | 8.22 % change on previous year | +30.7% |
| 2019 | -1.76 % change on previous year | -121.4% |
| 2020 | -1.93 % change on previous year | +9.7% |
| 2021 | 12.85 % change on previous year | -766.7% |
| 2022 | -2.87 % change on previous year | -122.3% |
| 2023 | 9.39 % change on previous year | -427.1% |
| 2024 | 4.41 % change on previous year | -53.0% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in European Union (27) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | -2057.6% | -0.3808 % change on previous year | -8.22 % change on previous year |
| 1986 | +1202.3% | 2.92 % change on previous year | 38.08 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.08 % change on previous year | -4.31 % change on previous year | 26.33 % change on previous year | 9 |
| 1980s | 6.56 % change on previous year | -12.19 % change on previous year | 38.08 % change on previous year | 10 |
| 1990s | 4.84 % change on previous year | -8.57 % change on previous year | 25.74 % change on previous year | 10 |
| 2000s | 6.92 % change on previous year | -9.27 % change on previous year | 22.91 % change on previous year | 10 |
| 2010s | 0.8567 % change on previous year | -13.38 % change on previous year | 8.41 % change on previous year | 10 |
| 2020s | 4.37 % change on previous year | -2.87 % change on previous year | 12.85 % change on previous year | 5 |
Countries ranked near European Union (27)
- 20 Zimbabwe 14.95 % change on previous year compare
- 21 Sierra Leone 14.64 % change on previous year compare
- 22 Belize 14.64 % change on previous year compare
- 23 Burkina Faso 14.39 % change on previous year compare
- 24 Colombia 14.26 % change on previous year compare
- 25 Samoa 14.26 % change on previous year compare
- 26 Somalia 14.01 % change on previous year compare
More economy & growth data for European Union (27)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 21.06 % (2024)
- Gross Domestic Product — Annual growth US$ 4.41 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 4.5 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.03 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.11 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 3.30 million million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 21.37 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth -1.72 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 1.03 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 0.5295 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in European Union (27)?
- Gross domestic product — value us$, annual growth rate in European Union (27) was 4.41 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in European Union (27)?
- The highest recorded value was 38.08 % change on previous year in 1986.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in European Union (27)?
- The lowest recorded value was -13.38 % change on previous year in 2015.
- How does European Union (27) rank for gross domestic product — value us$, annual growth rate?
- European Union (27) ranks 23rd out of 30 groups with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in European Union (27)?
- Over the last ten years it is up 86.3%. The long-run trend across the full record is volatile.
- Where does this European Union (27) data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
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 — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.