Gross value added at basic prices by NUTS 3 region in Vest
Vest: Gross value added at basic prices by NUTS 3 region was 28,621 Current prices, million euro in 2024. ◆ Volatile
Latest (2024)
28,621 Current prices, million euro
Change on year
up 8.4%
Rank
366th
of 1664 regions
All-time high
28,621 Current prices, million euro
in 2024
All-time low
3,438 Current prices, million euro
in 2000
Years of data
25
2000–2024
Gross value added at basic prices by NUTS 3 region in Vest, 2000–2024
Source: Eurostat. Measured in Current prices, million euro.
Analysis
In 2024, gross value added at basic prices by nuts 3 region in Vest stood at 28,621 Current prices, million euro. That is the highest value across all 25 years on record.
That represents a change of up 8.4% on the previous year and up 131.7% over ten years.
Over the whole period, gross value added at basic prices by nuts 3 region in Vest peaked at 28,621 Current prices, million euro in 2024 and was at its lowest, 3,438 Current prices, million euro, in 2000.
Vest ranks 366th of 1664 regions on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices by NUTS 3 region in Vest, year by year
| Year | Current prices, million euro | Change |
|---|---|---|
| 2000 | 3,438 Current prices, million euro | — |
| 2001 | 3,927 Current prices, million euro | +14.2% |
| 2002 | 4,232 Current prices, million euro | +7.8% |
| 2003 | 4,503 Current prices, million euro | +6.4% |
| 2004 | 5,367 Current prices, million euro | +19.2% |
| 2005 | 6,862 Current prices, million euro | +27.9% |
| 2006 | 8,727 Current prices, million euro | +27.2% |
| 2007 | 11,248 Current prices, million euro | +28.9% |
| 2008 | 13,016 Current prices, million euro | +15.7% |
| 2009 | 11,267 Current prices, million euro | -13.4% |
| 2010 | 11,676 Current prices, million euro | +3.6% |
| 2011 | 12,034 Current prices, million euro | +3.1% |
| 2012 | 12,168 Current prices, million euro | +1.1% |
| 2013 | 11,926 Current prices, million euro | -2.0% |
| 2014 | 12,354 Current prices, million euro | +3.6% |
| 2015 | 13,460 Current prices, million euro | +9.0% |
| 2016 | 14,591 Current prices, million euro | +8.4% |
| 2017 | 15,948 Current prices, million euro | +9.3% |
| 2018 | 17,365 Current prices, million euro | +8.9% |
| 2019 | 18,972 Current prices, million euro | +9.3% |
| 2020 | 18,308 Current prices, million euro | -3.5% |
| 2021 | 19,698 Current prices, million euro | +7.6% |
| 2022 | 22,694 Current prices, million euro | +15.2% |
| 2023 | 26,409 Current prices, million euro | +16.4% |
| 2024 | 28,621 Current prices, million euro | +8.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7,259 Current prices, million euro | 3,438 Current prices, million euro | 13,016 Current prices, million euro | 10 |
| 2010s | 14,049 Current prices, million euro | 11,676 Current prices, million euro | 18,972 Current prices, million euro | 10 |
| 2020s | 23,146 Current prices, million euro | 18,308 Current prices, million euro | 28,621 Current prices, million euro | 5 |
More economy & growth data for Vest
- Gross domestic product (GDP) and Gross value added (GVA) in volume by 118.6 Index, 2020=100 (2024)
- Gross domestic product (GDP) at current market prices by NUTS 2 region 31,585 Million euro (2024)
- Average annual population to calculate regional GDP data (thousand) 1,672 Thousand (2024)
- Gross domestic product (GDP) at current market prices by NUTS 3 region 31,585 Million euro (2024)
- Economic accounts for agriculture by NUTS 2 region - values at 563.66 Million euro (2023)
- Income quintile share ratio S80/S20 by NUTS 2 region 3.3 Index (2025)
- Agricultural land prices by region 9,605 Euro per hectare (2024)
- Irrigation of agricultural holdings by utilised agricultural area 1.46 million Hectare (2023)
- Farms and hectares by crops, utilised agricultural area, economic 1.46 million Hectare (2023)
- Business demography and high growth enterprise by NACE Rev. 2 and 83,367 (2020)
Frequently asked questions
- What is gross value added at basic prices by nuts 3 region in Vest?
- Gross value added at basic prices by nuts 3 region in Vest was 28,621 Current prices, million euro in 2024, according to Eurostat.
- What is the highest gross value added at basic prices by nuts 3 region recorded in Vest?
- The highest recorded value was 28,621 Current prices, million euro in 2024.
- What is the lowest gross value added at basic prices by nuts 3 region recorded in Vest?
- The lowest recorded value was 3,438 Current prices, million euro in 2000.
- How does Vest rank for gross value added at basic prices by nuts 3 region?
- Vest ranks 366th out of 1664 regions with data for 2024.
- Is gross value added at basic prices by nuts 3 region rising or falling in Vest?
- Over the last ten years it is up 131.7%. The long-run trend across the full record is volatile.
- Where does this Vest 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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