Gross Domestic Product — Value US$ per capita in European Union (27)
European Union (27): Gross Domestic Product — Value US$ per capita was 43,110 USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ per capita in European Union (27), 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
European Union (27) recorded 43,110 USD for gross domestic product — value us$ per capita in 2024. That is the highest value across all 55 years on record.
That represents a change of up 4.5% on the previous year and up 21.1% over ten years.
Over the whole period, gross domestic product — value us$ per capita in European Union (27) peaked at 43,110 USD in 2024 and was at its lowest, 2,810 USD, in 1970.
That places European Union (27) 6th out of 29 groups with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ per capita in European Union (27), year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 2,810 USD | — |
| 1971 | 3,138 USD | +11.6% |
| 1972 | 3,660 USD | +16.7% |
| 1973 | 4,589 USD | +25.4% |
| 1974 | 5,131 USD | +11.8% |
| 1975 | 5,804 USD | +13.1% |
| 1976 | 6,144 USD | +5.9% |
| 1977 | 6,879 USD | +12.0% |
| 1978 | 6,489 USD | -5.7% |
| 1979 | 7,770 USD | +19.7% |
| 1980 | 8,574 USD | +10.3% |
| 1981 | 7,511 USD | -12.4% |
| 1982 | 7,311 USD | -2.7% |
| 1983 | 7,132 USD | -2.4% |
| 1984 | 6,853 USD | -3.9% |
| 1985 | 7,034 USD | +2.6% |
| 1986 | 9,683 USD | +37.7% |
| 1987 | 11,824 USD | +22.1% |
| 1988 | 12,957 USD | +9.6% |
| 1989 | 13,199 USD | +1.9% |
| 1990 | 16,291 USD | +23.4% |
| 1991 | 16,848 USD | +3.4% |
| 1992 | 17,864 USD | +6.0% |
| 1993 | 15,747 USD | -11.9% |
| 1994 | 16,631 USD | +5.6% |
| 1995 | 19,219 USD | +15.6% |
| 1996 | 19,555 USD | +1.7% |
| 1997 | 17,925 USD | -8.3% |
| 1998 | 18,471 USD | +3.0% |
| 1999 | 18,388 USD | -0.4% |
| 2000 | 17,027 USD | -7.4% |
| 2001 | 17,263 USD | +1.4% |
| 2002 | 18,820 USD | +9.0% |
| 2003 | 23,047 USD | +22.5% |
| 2004 | 26,405 USD | +14.6% |
| 2005 | 27,481 USD | +4.1% |
| 2006 | 29,280 USD | +6.5% |
| 2007 | 33,826 USD | +15.5% |
| 2008 | 37,313 USD | +10.3% |
| 2009 | 33,768 USD | -9.5% |
| 2010 | 33,238 USD | -1.6% |
| 2011 | 35,967 USD | +8.2% |
| 2012 | 33,334 USD | -7.3% |
| 2013 | 34,809 USD | +4.4% |
| 2014 | 35,588 USD | +2.2% |
| 2015 | 30,760 USD | -13.6% |
| 2016 | 31,446 USD | +2.2% |
| 2017 | 33,365 USD | +6.1% |
| 2018 | 36,042 USD | +8.0% |
| 2019 | 35,341 USD | -1.9% |
| 2020 | 34,628 USD | -2.0% |
| 2021 | 39,083 USD | +12.9% |
| 2022 | 37,843 USD | -3.2% |
| 2023 | 41,253 USD | +9.0% |
| 2024 | 43,110 USD | +4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5,241 USD | 2,810 USD | 7,770 USD | 10 |
| 1980s | 9,208 USD | 6,853 USD | 13,199 USD | 10 |
| 1990s | 17,694 USD | 15,747 USD | 19,555 USD | 10 |
| 2000s | 26,423 USD | 17,027 USD | 37,313 USD | 10 |
| 2010s | 33,989 USD | 30,760 USD | 36,042 USD | 10 |
| 2020s | 39,183 USD | 34,628 USD | 43,110 USD | 5 |
Countries ranked near European Union (27)
- 3 Luxembourg 135,597 USD compare
- 3 Polynesia 13,983 USD compare
- 4 Bermuda 131,848 USD compare
- 5 Ireland 109,874 USD compare
- 5 Venezuela (Bolivarian Republic of) 6,248 USD compare
- 6 Republic of Moldova 5,974 USD compare
- 6 Switzerland 104,973 USD compare
- 7 Cayman Islands 101,422 USD compare
- 7 Micronesia 5,055 USD compare
- 8 Iran (Islamic Republic of) 4,848 USD compare
- 8 Singapore 93,108 USD compare
- 9 Norway 87,166 USD compare
- 9 Viet Nam 4,509 USD compare
More economy & growth data for European Union (27)
- Gross Fixed Capital Formation — Value US$, 2015 prices 3.30 million million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.11 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.03 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 4.5 % (2024)
- Gross Domestic Product — Annual growth US$ 4.41 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 15.69 million million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 34,842 USD (2024)
- Gross Domestic Product — Value US$ 19.41 million million USD (2024)
- Gross Fixed Capital Formation — Value US$ 4.15 million million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 21.37 % (2024)
Frequently asked questions
- What is gross domestic product — value us$ per capita in European Union (27)?
- Gross domestic product — value us$ per capita in European Union (27) was 43,110 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ per capita recorded in European Union (27)?
- The highest recorded value was 43,110 USD in 2024.
- What is the lowest gross domestic product — value us$ per capita recorded in European Union (27)?
- The lowest recorded value was 2,810 USD in 1970.
- How does European Union (27) rank for gross domestic product — value us$ per capita?
- European Union (27) ranks 6th out of 29 groups with data for 2024.
- Is gross domestic product — value us$ per capita rising or falling in European Union (27)?
- Over the last ten years it is up 21.1%. The long-run trend across the full record is volatile.
- Where does this European Union (27) data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$ per capita. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).