Gross National Income — Value US$, annual growth rate in European Union (27)
European Union (27): Gross National Income — Value US$, annual growth rate was 9.55 % change on previous year in 2023. ◆ Volatile
Gross National Income — Value US$, annual growth rate in European Union (27), 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
European Union (27) recorded 9.55 % change on previous year for gross national income — value us$, annual growth rate in 2023.
Compared with earlier readings it is up 366.5% on the previous year and up 103.2% over ten years.
Over the whole period, gross national income — value us$, annual growth rate in European Union (27) peaked at 38.2 % change on previous year in 1986 and was at its lowest, -13.84 % change on previous year, in 2015.
That places European Union (27) 7th out of 30 groups with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value US$, annual growth rate in European Union (27), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 12.32 % change on previous year | — |
| 1972 | 17.77 % change on previous year | +44.2% |
| 1973 | 26.36 % change on previous year | +48.3% |
| 1974 | 12.6 % change on previous year | -52.2% |
| 1975 | 13.86 % change on previous year | +10.0% |
| 1976 | 6.36 % change on previous year | -54.1% |
| 1977 | 12.57 % change on previous year | +97.8% |
| 1978 | -3.52 % change on previous year | -128.0% |
| 1979 | 20.1 % change on previous year | -670.8% |
| 1980 | 10.92 % change on previous year | -45.6% |
| 1981 | -12.5 % change on previous year | -214.5% |
| 1982 | -2.9 % change on previous year | -76.8% |
| 1983 | -2.28 % change on previous year | -21.2% |
| 1984 | -3.69 % change on previous year | +61.7% |
| 1985 | 2.98 % change on previous year | -180.8% |
| 1986 | 38.2 % change on previous year | +1181.0% |
| 1987 | 22.78 % change on previous year | -40.4% |
| 1988 | 9.97 % change on previous year | -56.2% |
| 1989 | 2.12 % change on previous year | -78.8% |
| 1990 | 25.44 % change on previous year | +1101.4% |
| 1991 | 3.42 % change on previous year | -86.6% |
| 1992 | 9.62 % change on previous year | +181.1% |
| 1993 | -8.38 % change on previous year | -187.1% |
| 1994 | 5.89 % change on previous year | -170.3% |
| 1995 | 16.02 % change on previous year | +172.0% |
| 1996 | 1.81 % change on previous year | -88.7% |
| 1997 | -8.18 % change on previous year | -552.8% |
| 1998 | 2.79 % change on previous year | -134.1% |
| 1999 | -0.2866 % change on previous year | -110.3% |
| 2000 | -8.28 % change on previous year | +2790.7% |
| 2001 | 1.39 % change on previous year | -116.8% |
| 2002 | 9 % change on previous year | +547.2% |
| 2003 | 23.12 % change on previous year | +156.8% |
| 2004 | 15.39 % change on previous year | -33.5% |
| 2005 | 4.56 % change on previous year | -70.3% |
| 2006 | 7 % change on previous year | +53.4% |
| 2007 | 15.46 % change on previous year | +120.9% |
| 2008 | 10.33 % change on previous year | -33.2% |
| 2009 | -8.87 % change on previous year | -185.9% |
| 2010 | -1.24 % change on previous year | -86.0% |
| 2011 | 8.42 % change on previous year | -778.7% |
| 2012 | -7.05 % change on previous year | -183.8% |
| 2013 | 4.7 % change on previous year | -166.7% |
| 2014 | 2.24 % change on previous year | -52.4% |
| 2015 | -13.84 % change on previous year | -718.4% |
| 2016 | 2.66 % change on previous year | -119.2% |
| 2017 | 6.26 % change on previous year | +135.3% |
| 2018 | 8.53 % change on previous year | +36.2% |
| 2019 | -1.64 % change on previous year | -119.2% |
| 2020 | -2.22 % change on previous year | +35.5% |
| 2021 | 13.45 % change on previous year | -704.8% |
| 2022 | -3.58 % change on previous year | -126.6% |
| 2023 | 9.55 % change on previous year | -366.5% |
Biggest year-on-year movements
Years where Gross National Income — Value US$, annual growth rate in European Union (27) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | -2790.7% | -0.2866 % change on previous year | -8.28 % change on previous year |
| 1986 | +1181.0% | 2.98 % change on previous year | 38.2 % change on previous year |
| 1990 | +1101.4% | 2.12 % change on previous year | 25.44 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.16 % change on previous year | -3.52 % change on previous year | 26.36 % change on previous year | 9 |
| 1980s | 6.56 % change on previous year | -12.5 % change on previous year | 38.2 % change on previous year | 10 |
| 1990s | 4.82 % change on previous year | -8.38 % change on previous year | 25.44 % change on previous year | 10 |
| 2000s | 6.91 % change on previous year | -8.87 % change on previous year | 23.12 % change on previous year | 10 |
| 2010s | 0.9032 % change on previous year | -13.84 % change on previous year | 8.53 % change on previous year | 10 |
| 2020s | 4.3 % change on previous year | -3.58 % change on previous year | 13.45 % change on previous year | 4 |
Countries ranked near European Union (27)
- 4 Sudan (former) 30.86 % change on previous year compare
- 5 Cook Islands 26.39 % change on previous year compare
- 6 Sao Tome and Principe 25.55 % change on previous year compare
- 7 Costa Rica 25.22 % change on previous year compare
- 8 Armenia 24.11 % change on previous year compare
- 9 Turkey 23.22 % change on previous year compare
- 9 Türkiye 23.22 % change on previous year compare
More economy & growth data for European Union (27)
- Gross Fixed Capital Formation — Value US$ 4.15 million million USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 15.69 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 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 — Share of GDP US$, 2015 prices 21.06 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices -1.72 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 0.5295 % (2024)
- Gross Domestic Product — Value US$, annual growth rate 4.41 % change on previous year (2024)
Frequently asked questions
- What is gross national income — value us$, annual growth rate in European Union (27)?
- Gross national income — value us$, annual growth rate in European Union (27) was 9.55 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value us$, annual growth rate recorded in European Union (27)?
- The highest recorded value was 38.2 % change on previous year in 1986.
- What is the lowest gross national income — value us$, annual growth rate recorded in European Union (27)?
- The lowest recorded value was -13.84 % change on previous year in 2015.
- How does European Union (27) rank for gross national income — value us$, annual growth rate?
- European Union (27) ranks 7th out of 30 groups with data for 2023.
- Is gross national income — value us$, annual growth rate rising or falling in European Union (27)?
- Over the last ten years it is up 103.2%. The long-run trend across the full record is volatile.
- Where does this European Union (27) data come from?
- The figures come from Statizoid (derived), published as part of Gross National Income — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 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 National Income — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — Value US$ 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 National Income — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.