Gross value added at basic prices (GVA) (constant 2015 US$) in European Union
European Union: Gross value added at basic prices (GVA) (constant 2015 US$) was 14.31 trillion constant 2015 US$ in 2025. ▲ Rising
Gross value added at basic prices (GVA) in European Union, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in European Union is 14.31 trillion constant 2015 US$, measured in 2025. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 1.5% on the previous year and up 17.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in European Union peaked at 14.31 trillion constant 2015 US$ in 2025 and was at its lowest, 4.54 trillion constant 2015 US$, in 1970.
That places European Union 3rd out of 34 groups with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 56 years of available data.
Gross value added at basic prices (GVA) (constant 2015 US$) in European Union, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 4.54 trillion constant 2015 US$ | — |
| 1971 | 4.71 trillion constant 2015 US$ | +3.7% |
| 1972 | 4.93 trillion constant 2015 US$ | +4.7% |
| 1973 | 5.23 trillion constant 2015 US$ | +6.0% |
| 1974 | 5.43 trillion constant 2015 US$ | +3.9% |
| 1975 | 5.37 trillion constant 2015 US$ | -1.0% |
| 1976 | 5.63 trillion constant 2015 US$ | +4.8% |
| 1977 | 5.80 trillion constant 2015 US$ | +3.1% |
| 1978 | 5.97 trillion constant 2015 US$ | +3.0% |
| 1979 | 6.20 trillion constant 2015 US$ | +3.8% |
| 1980 | 6.35 trillion constant 2015 US$ | +2.4% |
| 1981 | 6.39 trillion constant 2015 US$ | +0.7% |
| 1982 | 6.44 trillion constant 2015 US$ | +0.7% |
| 1983 | 6.53 trillion constant 2015 US$ | +1.5% |
| 1984 | 6.71 trillion constant 2015 US$ | +2.6% |
| 1985 | 6.87 trillion constant 2015 US$ | +2.4% |
| 1986 | 7.04 trillion constant 2015 US$ | +2.5% |
| 1987 | 7.21 trillion constant 2015 US$ | +2.4% |
| 1988 | 7.51 trillion constant 2015 US$ | +4.2% |
| 1989 | 7.81 trillion constant 2015 US$ | +4.0% |
| 1990 | 8.07 trillion constant 2015 US$ | +3.3% |
| 1991 | 8.24 trillion constant 2015 US$ | +2.1% |
| 1992 | 8.33 trillion constant 2015 US$ | +1.1% |
| 1993 | 8.27 trillion constant 2015 US$ | -0.6% |
| 1994 | 8.47 trillion constant 2015 US$ | +2.3% |
| 1995 | 8.70 trillion constant 2015 US$ | +2.7% |
| 1996 | 8.85 trillion constant 2015 US$ | +1.8% |
| 1997 | 9.09 trillion constant 2015 US$ | +2.6% |
| 1998 | 9.35 trillion constant 2015 US$ | +2.9% |
| 1999 | 9.62 trillion constant 2015 US$ | +2.9% |
| 2000 | 10.01 trillion constant 2015 US$ | +4.0% |
| 2001 | 10.24 trillion constant 2015 US$ | +2.2% |
| 2002 | 10.35 trillion constant 2015 US$ | +1.2% |
| 2003 | 10.44 trillion constant 2015 US$ | +0.9% |
| 2004 | 10.73 trillion constant 2015 US$ | +2.7% |
| 2005 | 10.93 trillion constant 2015 US$ | +1.9% |
| 2006 | 11.33 trillion constant 2015 US$ | +3.6% |
| 2007 | 11.71 trillion constant 2015 US$ | +3.4% |
| 2008 | 11.81 trillion constant 2015 US$ | +0.9% |
| 2009 | 11.29 trillion constant 2015 US$ | -4.4% |
| 2010 | 11.55 trillion constant 2015 US$ | +2.3% |
| 2011 | 11.79 trillion constant 2015 US$ | +2.1% |
| 2012 | 11.71 trillion constant 2015 US$ | -0.7% |
| 2013 | 11.72 trillion constant 2015 US$ | +0.1% |
| 2014 | 11.91 trillion constant 2015 US$ | +1.6% |
| 2015 | 12.17 trillion constant 2015 US$ | +2.2% |
| 2016 | 12.40 trillion constant 2015 US$ | +1.8% |
| 2017 | 12.75 trillion constant 2015 US$ | +2.8% |
| 2018 | 13.02 trillion constant 2015 US$ | +2.1% |
| 2019 | 13.26 trillion constant 2015 US$ | +1.9% |
| 2020 | 12.54 trillion constant 2015 US$ | -5.5% |
| 2021 | 13.33 trillion constant 2015 US$ | +6.3% |
| 2022 | 13.85 trillion constant 2015 US$ | +3.9% |
| 2023 | 13.96 trillion constant 2015 US$ | +0.8% |
| 2024 | 14.10 trillion constant 2015 US$ | +1.0% |
| 2025 | 14.31 trillion constant 2015 US$ | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.38 trillion constant 2015 US$ | 4.54 trillion constant 2015 US$ | 6.20 trillion constant 2015 US$ | 10 |
| 1980s | 6.89 trillion constant 2015 US$ | 6.35 trillion constant 2015 US$ | 7.81 trillion constant 2015 US$ | 10 |
| 1990s | 8.70 trillion constant 2015 US$ | 8.07 trillion constant 2015 US$ | 9.62 trillion constant 2015 US$ | 10 |
| 2000s | 10.88 trillion constant 2015 US$ | 10.01 trillion constant 2015 US$ | 11.81 trillion constant 2015 US$ | 10 |
| 2010s | 12.23 trillion constant 2015 US$ | 11.55 trillion constant 2015 US$ | 13.26 trillion constant 2015 US$ | 10 |
| 2020s | 13.68 trillion constant 2015 US$ | 12.54 trillion constant 2015 US$ | 14.31 trillion constant 2015 US$ | 6 |
Countries ranked near European Union
More economy & growth data for European Union
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.7211 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (current US$), per capita 23,360 current US$ per person (2025)
- Exports of goods and services (current US$), per unit of GDP 0.4961 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 42,248 current US$ per person (2025)
- Exports of goods and services (current US$), annual growth rate 7.29 % change on previous year (2025)
- Gross national expenditure (constant 2015 US$), per capita 33,955 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), per unit of GDP 0.9619 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), annual growth rate 9.47 % change on previous year (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0099 BoP, current US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 2.34 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in European Union?
- Gross value added at basic prices (gva) in European Union was 14.31 trillion constant 2015 US$ 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 European Union?
- The highest recorded value was 14.31 trillion constant 2015 US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in European Union?
- The lowest recorded value was 4.54 trillion constant 2015 US$ in 1970.
- How does European Union rank for gross value added at basic prices (gva)?
- European Union ranks 3rd out of 34 groups with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in European Union?
- Over the last ten years it is up 17.6%. The long-run trend across the full record is rising.
- Where does this European Union 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
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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.