Gross value added at basic prices (GVA) in Europe & Central Asia
Europe & Central Asia: Gross value added at basic prices (GVA) was 22.18 trillion constant 2015 US$ in 2025. ▲ Rising
Gross value added at basic prices (GVA) in Europe & Central Asia, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Europe & Central Asia is 22.18 trillion constant 2015 US$, measured in 2025. That is the highest value across all 56 years on record.
The figure is up 1.6% on the previous year and up 20.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in Europe & Central Asia peaked at 22.18 trillion constant 2015 US$ in 2025 and was at its lowest, 6.90 trillion constant 2015 US$, in 1970.
Europe & Central Asia ranks 2nd of 32 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 56 years of available data.
Gross value added at basic prices (GVA) in Europe & Central Asia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 6.90 trillion constant 2015 US$ | — |
| 1971 | 7.13 trillion constant 2015 US$ | +3.3% |
| 1972 | 7.45 trillion constant 2015 US$ | +4.5% |
| 1973 | 7.89 trillion constant 2015 US$ | +5.9% |
| 1974 | 8.12 trillion constant 2015 US$ | +3.0% |
| 1975 | 8.05 trillion constant 2015 US$ | -0.9% |
| 1976 | 8.41 trillion constant 2015 US$ | +4.5% |
| 1977 | 8.67 trillion constant 2015 US$ | +3.0% |
| 1978 | 8.93 trillion constant 2015 US$ | +3.0% |
| 1979 | 9.25 trillion constant 2015 US$ | +3.6% |
| 1980 | 9.39 trillion constant 2015 US$ | +1.5% |
| 1981 | 9.43 trillion constant 2015 US$ | +0.4% |
| 1982 | 9.53 trillion constant 2015 US$ | +1.0% |
| 1983 | 9.71 trillion constant 2015 US$ | +1.9% |
| 1984 | 9.99 trillion constant 2015 US$ | +2.9% |
| 1985 | 10.26 trillion constant 2015 US$ | +2.7% |
| 1986 | 10.54 trillion constant 2015 US$ | +2.8% |
| 1987 | 10.85 trillion constant 2015 US$ | +2.9% |
| 1988 | 11.30 trillion constant 2015 US$ | +4.2% |
| 1989 | 11.71 trillion constant 2015 US$ | +3.6% |
| 1990 | 12.06 trillion constant 2015 US$ | +3.0% |
| 1991 | 12.14 trillion constant 2015 US$ | +0.6% |
| 1992 | 12.08 trillion constant 2015 US$ | -0.5% |
| 1993 | 11.93 trillion constant 2015 US$ | -1.3% |
| 1994 | 12.08 trillion constant 2015 US$ | +1.3% |
| 1995 | 12.34 trillion constant 2015 US$ | +2.1% |
| 1996 | 12.56 trillion constant 2015 US$ | +1.8% |
| 1997 | 12.92 trillion constant 2015 US$ | +2.9% |
| 1998 | 13.25 trillion constant 2015 US$ | +2.6% |
| 1999 | 13.62 trillion constant 2015 US$ | +2.8% |
| 2000 | 14.23 trillion constant 2015 US$ | +4.4% |
| 2001 | 14.55 trillion constant 2015 US$ | +2.3% |
| 2002 | 14.79 trillion constant 2015 US$ | +1.6% |
| 2003 | 15.04 trillion constant 2015 US$ | +1.7% |
| 2004 | 15.52 trillion constant 2015 US$ | +3.2% |
| 2005 | 15.94 trillion constant 2015 US$ | +2.7% |
| 2006 | 16.56 trillion constant 2015 US$ | +3.9% |
| 2007 | 17.20 trillion constant 2015 US$ | +3.8% |
| 2008 | 17.41 trillion constant 2015 US$ | +1.2% |
| 2009 | 16.65 trillion constant 2015 US$ | -4.4% |
| 2010 | 17.09 trillion constant 2015 US$ | +2.7% |
| 2011 | 17.52 trillion constant 2015 US$ | +2.5% |
| 2012 | 17.60 trillion constant 2015 US$ | +0.4% |
| 2013 | 17.76 trillion constant 2015 US$ | +0.9% |
| 2014 | 18.12 trillion constant 2015 US$ | +2.0% |
| 2015 | 18.47 trillion constant 2015 US$ | +1.9% |
| 2016 | 18.82 trillion constant 2015 US$ | +1.9% |
| 2017 | 19.38 trillion constant 2015 US$ | +3.0% |
| 2018 | 19.82 trillion constant 2015 US$ | +2.2% |
| 2019 | 20.19 trillion constant 2015 US$ | +1.9% |
| 2020 | 19.13 trillion constant 2015 US$ | -5.2% |
| 2021 | 20.44 trillion constant 2015 US$ | +6.9% |
| 2022 | 21.21 trillion constant 2015 US$ | +3.7% |
| 2023 | 21.47 trillion constant 2015 US$ | +1.3% |
| 2024 | 21.83 trillion constant 2015 US$ | +1.6% |
| 2025 | 22.18 trillion constant 2015 US$ | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.08 trillion constant 2015 US$ | 6.90 trillion constant 2015 US$ | 9.25 trillion constant 2015 US$ | 10 |
| 1980s | 10.27 trillion constant 2015 US$ | 9.39 trillion constant 2015 US$ | 11.71 trillion constant 2015 US$ | 10 |
| 1990s | 12.50 trillion constant 2015 US$ | 11.93 trillion constant 2015 US$ | 13.62 trillion constant 2015 US$ | 10 |
| 2000s | 15.79 trillion constant 2015 US$ | 14.23 trillion constant 2015 US$ | 17.41 trillion constant 2015 US$ | 10 |
| 2010s | 18.48 trillion constant 2015 US$ | 17.09 trillion constant 2015 US$ | 20.19 trillion constant 2015 US$ | 10 |
| 2020s | 21.04 trillion constant 2015 US$ | 19.13 trillion constant 2015 US$ | 22.18 trillion constant 2015 US$ | 6 |
Countries ranked near Europe & Central Asia
More economy & growth data for Europe & Central Asia
- Final consumption expenditure 1.9% (2025)
- Manufacturing, value added 3.67 trillion constant 2015 US$ (2025)
- Households and NPISHs final consumption expenditure 53.7% (2025)
- Final consumption expenditure 23.98 trillion current US$ (2025)
- Final consumption expenditure 18.61 trillion constant 2015 US$ (2025)
- Gross national expenditure 23.62 trillion constant 2015 US$ (2025)
- Exports of goods and services 11.21 trillion constant 2015 US$ (2025)
- Exports of goods and services 14.11 trillion current US$ (2025)
- Manufacturing, value added 13.5% (2025)
- Gross national expenditure 31.37 trillion current US$ (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Europe & Central Asia?
- Gross value added at basic prices (gva) in Europe & Central Asia was 22.18 trillion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Europe & Central Asia?
- The highest recorded value was 22.18 trillion constant 2015 US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Europe & Central Asia?
- The lowest recorded value was 6.90 trillion constant 2015 US$ in 1970.
- How does Europe & Central Asia rank for gross value added at basic prices (gva)?
- Europe & Central Asia ranks 2nd out of 32 groups with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Europe & Central Asia?
- Over the last ten years it is up 20.1%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.