Gross value added at basic prices by NUTS 3 region in Magdeburg, Kreisfreie Stadt
Magdeburg, Kreisfreie Stadt: Gross value added at basic prices by NUTS 3 region was 9,445 Current prices, million euro in 2023. ▲ Rising
Gross value added at basic prices by NUTS 3 region in Magdeburg, Kreisfreie Stadt, 2000–2023
Source: Eurostat. Measured in Current prices, million euro.
Analysis
Magdeburg, Kreisfreie Stadt recorded 9,445 Current prices, million euro for gross value added at basic prices by nuts 3 region in 2023. That is the highest value across all 24 years on record.
That represents a change of up 11.3% on the previous year and up 43.8% over ten years.
Over the whole period, gross value added at basic prices by nuts 3 region in Magdeburg, Kreisfreie Stadt peaked at 9,445 Current prices, million euro in 2023 and was at its lowest, 5,128 Current prices, million euro, in 2000.
Magdeburg, Kreisfreie Stadt ranks 795th of 1664 regions on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Gross value added at basic prices by NUTS 3 region in Magdeburg, Kreisfreie Stadt, year by year
| Year | Current prices, million euro | Change |
|---|---|---|
| 2000 | 5,128 Current prices, million euro | — |
| 2001 | 5,276 Current prices, million euro | +2.9% |
| 2002 | 5,463 Current prices, million euro | +3.5% |
| 2003 | 5,536 Current prices, million euro | +1.3% |
| 2004 | 5,571 Current prices, million euro | +0.6% |
| 2005 | 5,524 Current prices, million euro | -0.8% |
| 2006 | 5,830 Current prices, million euro | +5.5% |
| 2007 | 5,975 Current prices, million euro | +2.5% |
| 2008 | 6,129 Current prices, million euro | +2.6% |
| 2009 | 6,215 Current prices, million euro | +1.4% |
| 2010 | 6,300 Current prices, million euro | +1.4% |
| 2011 | 6,314 Current prices, million euro | +0.2% |
| 2012 | 6,510 Current prices, million euro | +3.1% |
| 2013 | 6,568 Current prices, million euro | +0.9% |
| 2014 | 6,902 Current prices, million euro | +5.1% |
| 2015 | 6,901 Current prices, million euro | -0.0% |
| 2016 | 7,048 Current prices, million euro | +2.1% |
| 2017 | 7,319 Current prices, million euro | +3.8% |
| 2018 | 7,506 Current prices, million euro | +2.6% |
| 2019 | 7,843 Current prices, million euro | +4.5% |
| 2020 | 7,784 Current prices, million euro | -0.7% |
| 2021 | 8,040 Current prices, million euro | +3.3% |
| 2022 | 8,487 Current prices, million euro | +5.6% |
| 2023 | 9,445 Current prices, million euro | +11.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5,665 Current prices, million euro | 5,128 Current prices, million euro | 6,215 Current prices, million euro | 10 |
| 2010s | 6,921 Current prices, million euro | 6,300 Current prices, million euro | 7,843 Current prices, million euro | 10 |
| 2020s | 8,439 Current prices, million euro | 7,784 Current prices, million euro | 9,445 Current prices, million euro | 4 |
More economy & growth data for Magdeburg, Kreisfreie Stadt
- Average annual population to calculate regional GDP data (thousand) 242.12 Thousand (2023)
- Gross domestic product (GDP) at current market prices by NUTS 3 region 10,340 Million euro (2023)
Frequently asked questions
- What is gross value added at basic prices by nuts 3 region in Magdeburg, Kreisfreie Stadt?
- Gross value added at basic prices by nuts 3 region in Magdeburg, Kreisfreie Stadt was 9,445 Current prices, million euro in 2023, according to Eurostat.
- What is the highest gross value added at basic prices by nuts 3 region recorded in Magdeburg, Kreisfreie Stadt?
- The highest recorded value was 9,445 Current prices, million euro in 2023.
- What is the lowest gross value added at basic prices by nuts 3 region recorded in Magdeburg, Kreisfreie Stadt?
- The lowest recorded value was 5,128 Current prices, million euro in 2000.
- How does Magdeburg, Kreisfreie Stadt rank for gross value added at basic prices by nuts 3 region?
- Magdeburg, Kreisfreie Stadt ranks 795th out of 1664 regions with data for 2023.
- Is gross value added at basic prices by nuts 3 region rising or falling in Magdeburg, Kreisfreie Stadt?
- Over the last ten years it is up 43.8%. The long-run trend across the full record is rising.
- Where does this Magdeburg, Kreisfreie Stadt data come from?
- The figures come from Eurostat, published as part of Gross value added at basic prices by NUTS 3 region. Statizoid updates them automatically from the source API.
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