Gross Domestic Product — Value US$, annual growth rate in Western Europe
Western Europe: Gross Domestic Product — Value US$, annual growth rate was 3.64 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Western Europe, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value us$, annual growth rate in Western Europe stood at 3.64 % change on previous year.
Compared with earlier readings it is down 59.0% on the previous year and up 24.2% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Western Europe peaked at 41.43 % change on previous year in 1986 and was at its lowest, -14.27 % change on previous year, in 1981.
Western Europe ranks 25th of 30 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Western Europe, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 14.61 % change on previous year | — |
| 1972 | 21.57 % change on previous year | +47.6% |
| 1973 | 31.84 % change on previous year | +47.6% |
| 1974 | 11.94 % change on previous year | -62.5% |
| 1975 | 16.26 % change on previous year | +36.2% |
| 1976 | 5.49 % change on previous year | -66.2% |
| 1977 | 13.75 % change on previous year | +150.5% |
| 1978 | 23.95 % change on previous year | +74.2% |
| 1979 | 18.61 % change on previous year | -22.3% |
| 1980 | 9.98 % change on previous year | -46.4% |
| 1981 | -14.27 % change on previous year | -243.0% |
| 1982 | -3.78 % change on previous year | -73.5% |
| 1983 | -2.24 % change on previous year | -40.8% |
| 1984 | -5.51 % change on previous year | +145.9% |
| 1985 | 2.14 % change on previous year | -138.9% |
| 1986 | 41.43 % change on previous year | +1834.5% |
| 1987 | 23.1 % change on previous year | -44.2% |
| 1988 | 8.27 % change on previous year | -64.2% |
| 1989 | -0.1542 % change on previous year | -101.9% |
| 1990 | 25.34 % change on previous year | -16532.2% |
| 1991 | 3.12 % change on previous year | -87.7% |
| 1992 | 11.87 % change on previous year | +280.8% |
| 1993 | -3.66 % change on previous year | -130.9% |
| 1994 | 6.69 % change on previous year | -282.5% |
| 1995 | 16.75 % change on previous year | +150.5% |
| 1996 | -1.98 % change on previous year | -111.8% |
| 1997 | -10.46 % change on previous year | +429.7% |
| 1998 | 2.43 % change on previous year | -123.2% |
| 1999 | -0.7881 % change on previous year | -132.4% |
| 2000 | -9.39 % change on previous year | +1090.9% |
| 2001 | 0.7029 % change on previous year | -107.5% |
| 2002 | 8.07 % change on previous year | +1048.2% |
| 2003 | 21.5 % change on previous year | +166.5% |
| 2004 | 13.64 % change on previous year | -36.6% |
| 2005 | 2.95 % change on previous year | -78.4% |
| 2006 | 5.76 % change on previous year | +95.3% |
| 2007 | 14.54 % change on previous year | +152.2% |
| 2008 | 10.4 % change on previous year | -28.5% |
| 2009 | -7.72 % change on previous year | -174.2% |
| 2010 | -0.6769 % change on previous year | -91.2% |
| 2011 | 10 % change on previous year | -1577.0% |
| 2012 | -6.04 % change on previous year | -160.4% |
| 2013 | 5.16 % change on previous year | -185.4% |
| 2014 | 2.93 % change on previous year | -43.2% |
| 2015 | -13.3 % change on previous year | -553.5% |
| 2016 | 2.27 % change on previous year | -117.1% |
| 2017 | 5.38 % change on previous year | +137.2% |
| 2018 | 7.64 % change on previous year | +42.0% |
| 2019 | -1.83 % change on previous year | -124.0% |
| 2020 | -0.8546 % change on previous year | -53.3% |
| 2021 | 11.3 % change on previous year | -1421.9% |
| 2022 | -3.55 % change on previous year | -131.4% |
| 2023 | 8.89 % change on previous year | -350.6% |
| 2024 | 3.64 % change on previous year | -59.0% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Western Europe 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 |
|---|---|---|---|
| 1990 | +16532.2% | -0.1542 % change on previous year | 25.34 % change on previous year |
| 1986 | +1834.5% | 2.14 % change on previous year | 41.43 % change on previous year |
| 2011 | +1577.0% | -0.6769 % change on previous year | 10 % change on previous year |
| 2021 | +1421.9% | -0.8546 % change on previous year | 11.3 % change on previous year |
| 2000 | -1090.9% | -0.7881 % change on previous year | -9.39 % change on previous year |
| 2002 | +1048.2% | 0.7029 % change on previous year | 8.07 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.56 % change on previous year | 5.49 % change on previous year | 31.84 % change on previous year | 9 |
| 1980s | 5.9 % change on previous year | -14.27 % change on previous year | 41.43 % change on previous year | 10 |
| 1990s | 4.93 % change on previous year | -10.46 % change on previous year | 25.34 % change on previous year | 10 |
| 2000s | 6.05 % change on previous year | -9.39 % change on previous year | 21.5 % change on previous year | 10 |
| 2010s | 1.15 % change on previous year | -13.3 % change on previous year | 10 % change on previous year | 10 |
| 2020s | 3.88 % change on previous year | -3.55 % change on previous year | 11.3 % change on previous year | 5 |
Countries ranked near Western Europe
- 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
- 27 Nicaragua 13.93 % change on previous year compare
- 28 Guinea 13.11 % change on previous year compare
More economy & growth data for Western Europe
- Gross Domestic Product, GDP in millions constant 2021 international $ 12.78 million (2027)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.3119 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 1.94 million million USD (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 0.4755 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 3.47 % (2024)
- Gross Domestic Product — Annual growth US$ 3.64 % (2024)
- Gross Domestic Product — Value US$ per capita 56,453 USD (2024)
- Gross Domestic Product — Value US$ 11.28 million million USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 9.16 million million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 45,841 USD (2024)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Western Europe?
- Gross domestic product — value us$, annual growth rate in Western Europe was 3.64 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Western Europe?
- The highest recorded value was 41.43 % change on previous year in 1986.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Western Europe?
- The lowest recorded value was -14.27 % change on previous year in 1981.
- How does Western Europe rank for gross domestic product — value us$, annual growth rate?
- Western Europe ranks 25th out of 30 groups with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Western Europe?
- Over the last ten years it is up 24.2%. The long-run trend across the full record is volatile.
- Where does this Western Europe 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.