Gross National Income — Value US$ in Western Europe
Western Europe: Gross National Income — Value US$ was 11.00 million million USD in 2023. ◆ Volatile
Gross National Income — Value US$ in Western Europe, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Western Europe recorded 11.00 million million USD for gross national income — value us$ in 2023. That is the highest value across all 54 years on record.
The figure is up 9.0% on the previous year and up 17.9% over ten years.
Over the whole period, gross national income — value us$ in Western Europe peaked at 11.00 million million USD in 2023 and was at its lowest, 472,817 million USD, in 1970.
That places Western Europe 8th out of 29 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$ in Western Europe, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 472,817 million USD | — |
| 1971 | 541,445 million USD | +14.5% |
| 1972 | 657,442 million USD | +21.4% |
| 1973 | 866,148 million USD | +31.7% |
| 1974 | 969,444 million USD | +11.9% |
| 1975 | 1.13 million million USD | +16.3% |
| 1976 | 1.19 million million USD | +5.5% |
| 1977 | 1.35 million million USD | +13.6% |
| 1978 | 1.68 million million USD | +24.2% |
| 1979 | 1.99 million million USD | +18.6% |
| 1980 | 2.19 million million USD | +10.0% |
| 1981 | 1.88 million million USD | -14.3% |
| 1982 | 1.80 million million USD | -4.0% |
| 1983 | 1.76 million million USD | -2.2% |
| 1984 | 1.67 million million USD | -5.3% |
| 1985 | 1.70 million million USD | +2.2% |
| 1986 | 2.41 million million USD | +41.4% |
| 1987 | 2.97 million million USD | +23.3% |
| 1988 | 3.22 million million USD | +8.5% |
| 1989 | 3.22 million million USD | -0.2% |
| 1990 | 4.02 million million USD | +25.1% |
| 1991 | 4.14 million million USD | +2.8% |
| 1992 | 4.62 million million USD | +11.8% |
| 1993 | 4.46 million million USD | -3.5% |
| 1994 | 4.75 million million USD | +6.5% |
| 1995 | 5.55 million million USD | +16.9% |
| 1996 | 5.46 million million USD | -1.7% |
| 1997 | 4.89 million million USD | -10.4% |
| 1998 | 5.00 million million USD | +2.1% |
| 1999 | 4.96 million million USD | -0.7% |
| 2000 | 4.49 million million USD | -9.4% |
| 2001 | 4.51 million million USD | +0.3% |
| 2002 | 4.85 million million USD | +7.5% |
| 2003 | 5.91 million million USD | +22.0% |
| 2004 | 6.77 million million USD | +14.4% |
| 2005 | 6.98 million million USD | +3.2% |
| 2006 | 7.41 million million USD | +6.2% |
| 2007 | 8.44 million million USD | +13.9% |
| 2008 | 9.24 million million USD | +9.4% |
| 2009 | 8.60 million million USD | -6.9% |
| 2010 | 8.59 million million USD | -0.1% |
| 2011 | 9.44 million million USD | +9.9% |
| 2012 | 8.87 million million USD | -6.1% |
| 2013 | 9.32 million million USD | +5.2% |
| 2014 | 9.56 million million USD | +2.6% |
| 2015 | 8.29 million million USD | -13.3% |
| 2016 | 8.46 million million USD | +2.1% |
| 2017 | 8.92 million million USD | +5.4% |
| 2018 | 9.64 million million USD | +8.1% |
| 2019 | 9.49 million million USD | -1.6% |
| 2020 | 9.36 million million USD | -1.4% |
| 2021 | 10.52 million million USD | +12.5% |
| 2022 | 10.09 million million USD | -4.2% |
| 2023 | 11.00 million million USD | +9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.08 million million USD | 472,817 million USD | 1.99 million million USD | 10 |
| 1980s | 2.28 million million USD | 1.67 million million USD | 3.22 million million USD | 10 |
| 1990s | 4.79 million million USD | 4.02 million million USD | 5.55 million million USD | 10 |
| 2000s | 6.72 million million USD | 4.49 million million USD | 9.24 million million USD | 10 |
| 2010s | 9.06 million million USD | 8.29 million million USD | 9.64 million million USD | 10 |
| 2020s | 10.24 million million USD | 9.36 million million USD | 11.00 million million USD | 4 |
Countries ranked near Western Europe
- 5 United Kingdom of Great Britain and Northern Ireland 3.36 million million USD compare
- 6 France 3.11 million million USD compare
- 7 Italy 2.29 million million USD compare
- 8 Brazil 2.12 million million USD compare
- 9 Canada 2.11 million million USD compare
- 10 Australia and New Zealand 1.96 million million USD compare
- 11 Russian Federation 1.96 million million USD compare
More economy & growth data for Western Europe
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 127.32 USD (2024)
- Gross Fixed Capital Formation — Value US$ 2.48 million million USD (2024)
- 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$, 2015 prices 9.16 million million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 45,841 USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 0.7042 % (2024)
Frequently asked questions
- What is gross national income — value us$ in Western Europe?
- Gross national income — value us$ in Western Europe was 11.00 million million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value us$ recorded in Western Europe?
- The highest recorded value was 11.00 million million USD in 2023.
- What is the lowest gross national income — value us$ recorded in Western Europe?
- The lowest recorded value was 472,817 million USD in 1970.
- How does Western Europe rank for gross national income — value us$?
- Western Europe ranks 8th out of 29 groups with data for 2023.
- Is gross national income — value us$ rising or falling in Western Europe?
- Over the last ten years it is up 17.9%. The long-run trend across the full record is volatile.
- Where does this Western Europe data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross National Income — Value US$. 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).