Gross Domestic Product — Value US$ in Southern Europe

Southern Europe: Gross Domestic Product — Value US$ was 5.03 million million USD in 2024. ◆ Volatile

Latest (2024)
5.03 million million USD
Change on year
up 4.8%
Rank
11th
of 29 groups
All-time high
5.03 million million USD
in 2024
All-time low
192,943 million USD
in 1970
Years of data
55
1970–2024

Gross Domestic Product — Value US$ in Southern Europe, 1970–2024

01.0M2.0M3.0M4.0M5.0M197019972024

Source: Food and Agriculture Organization of the United Nations. Measured in million USD.

Analysis

Southern Europe recorded 5.03 million million USD for gross domestic product — value us$ in 2024. That is the highest value across all 55 years on record.

Compared with earlier readings it is up 4.8% on the previous year and up 18.4% over ten years.

Over the whole period, gross domestic product — value us$ in Southern Europe peaked at 5.03 million million USD in 2024 and was at its lowest, 192,943 million USD, in 1970.

That places Southern Europe 11th out of 29 groups with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Gross Domestic Product — Value US$ in Southern Europe, year by year

Annual values for Gross Domestic Product — Value US$ in Southern Europe, 1970 to 2024.
Year million USD Change
1970 192,943 million USD
1971 213,743 million USD +10.8%
1972 251,998 million USD +17.9%
1973 316,228 million USD +25.5%
1974 372,749 million USD +17.9%
1975 427,247 million USD +14.6%
1976 435,985 million USD +2.0%
1977 497,218 million USD +14.0%
1978 602,026 million USD +21.1%
1979 761,770 million USD +26.5%
1980 874,170 million USD +14.8%
1981 791,208 million USD -9.5%
1982 775,657 million USD -2.0%
1983 759,470 million USD -2.1%
1984 756,633 million USD -0.4%
1985 785,764 million USD +3.9%
1986 1.07 million million USD +36.4%
1987 1.33 million million USD +24.0%
1988 1.49 million million USD +12.5%
1989 1.59 million million USD +6.0%
1990 1.99 million million USD +25.6%
1991 2.10 million million USD +5.5%
1992 2.24 million million USD +6.9%
1993 1.85 million million USD -17.4%
1994 1.91 million million USD +3.2%
1995 2.13 million million USD +11.1%
1996 2.31 million million USD +8.6%
1997 2.18 million million USD -5.8%
1998 2.24 million million USD +3.0%
1999 2.24 million million USD -0.1%
2000 2.07 million million USD -7.7%
2001 2.13 million million USD +3.2%
2002 2.37 million million USD +11.0%
2003 2.97 million million USD +25.5%
2004 3.45 million million USD +16.0%
2005 3.61 million million USD +4.7%
2006 3.87 million million USD +7.1%
2007 4.46 million million USD +15.4%
2008 4.91 million million USD +10.1%
2009 4.50 million million USD -8.4%
2010 4.32 million million USD -4.0%
2011 4.56 million million USD +5.4%
2012 4.10 million million USD -10.1%
2013 4.20 million million USD +2.6%
2014 4.24 million million USD +1.0%
2015 3.64 million million USD -14.2%
2016 3.73 million million USD +2.5%
2017 3.94 million million USD +5.4%
2018 4.24 million million USD +7.6%
2019 4.12 million million USD -2.7%
2020 3.86 million million USD -6.2%
2021 4.40 million million USD +14.0%
2022 4.32 million million USD -2.0%
2023 4.79 million million USD +11.1%
2024 5.03 million million USD +4.8%

Averages by decade

DecadeAverage LowestHighest Years
1970s 407,191 million USD 192,943 million USD 761,770 million USD 10
1980s 1.02 million million USD 756,633 million USD 1.59 million million USD 10
1990s 2.12 million million USD 1.85 million million USD 2.31 million million USD 10
2000s 3.44 million million USD 2.07 million million USD 4.91 million million USD 10
2010s 4.11 million million USD 3.64 million million USD 4.56 million million USD 10
2020s 4.48 million million USD 3.86 million million USD 5.03 million million USD 5

Countries ranked near Southern Europe

  1. 8 Canada 2.21 million million USD compare
  2. 9 Brazil 2.18 million million USD compare
  3. 10 Democratic Republic of the Congo 71,197 million USD compare
  4. 10 Australia and New Zealand 2.09 million million USD compare
  5. 11 Russian Federation 2.09 million million USD compare
  6. 12 Republic of Korea 1.87 million million USD compare
  7. 13 Mexico 1.85 million million USD compare
  8. 14 Australia 1.84 million million USD compare

See the full ranking of 252 places →

More economy & growth data for Southern Europe

All data for Southern Europe →

Frequently asked questions

What is gross domestic product — value us$ in Southern Europe?
Gross domestic product — value us$ in Southern Europe was 5.03 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest gross domestic product — value us$ recorded in Southern Europe?
The highest recorded value was 5.03 million million USD in 2024.
What is the lowest gross domestic product — value us$ recorded in Southern Europe?
The lowest recorded value was 192,943 million USD in 1970.
How does Southern Europe rank for gross domestic product — value us$?
Southern Europe ranks 11th out of 29 groups with data for 2024.
Is gross domestic product — value us$ rising or falling in Southern Europe?
Over the last ten years it is up 18.4%. The long-run trend across the full record is volatile.
Where does this Southern Europe data come from?
The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. Statizoid updates them automatically from the source API.

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Gross Domestic Product — Value US$ in Southern Europe. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 31 August 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-us/southern-europe/

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About this data

Indicator
Gross Domestic Product — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
252 places, 12,899 data points, 1970–2024
Last refreshed

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).