Gross value added at basic prices (GVA) (current US$), annual growth in European Union
European Union: Gross value added at basic prices (GVA) (current US$), annual growth was 8.67 % change on previous year in 2025. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), annual growth in European Union, 1971–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (current us$), annual growth in European Union is 8.67 % change on previous year, measured in 2025.
That represents a change of up 117.0% on the previous year and up 164.8% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), annual growth in European Union peaked at 39.68 % change on previous year in 1986 and was at its lowest, -13.38 % change on previous year, in 2015.
That places European Union 20th out of 38 groups with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$), annual growth in European Union, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 13.23 % change on previous year | — |
| 1972 | 20.73 % change on previous year | +56.8% |
| 1973 | 29.68 % change on previous year | +43.1% |
| 1974 | 14.11 % change on previous year | -52.5% |
| 1975 | 16.67 % change on previous year | +18.2% |
| 1976 | 4.3 % change on previous year | -74.2% |
| 1977 | 13.42 % change on previous year | +212.1% |
| 1978 | 21.64 % change on previous year | +61.2% |
| 1979 | 20.78 % change on previous year | -4.0% |
| 1980 | 12.07 % change on previous year | -41.9% |
| 1981 | -12.7 % change on previous year | -205.3% |
| 1982 | -3.6 % change on previous year | -71.6% |
| 1983 | -2.94 % change on previous year | -18.4% |
| 1984 | -3.63 % change on previous year | +23.5% |
| 1985 | 2.84 % change on previous year | -178.3% |
| 1986 | 39.68 % change on previous year | +1295.1% |
| 1987 | 23.54 % change on previous year | -40.7% |
| 1988 | 9.68 % change on previous year | -58.9% |
| 1989 | 2.07 % change on previous year | -78.7% |
| 1990 | 25.22 % change on previous year | +1120.6% |
| 1991 | 3.09 % change on previous year | -87.8% |
| 1992 | 9.9 % change on previous year | +220.9% |
| 1993 | -8.79 % change on previous year | -188.8% |
| 1994 | 5.29 % change on previous year | -160.1% |
| 1995 | 15.61 % change on previous year | +195.3% |
| 1996 | 1.46 % change on previous year | -90.6% |
| 1997 | -8.39 % change on previous year | -674.4% |
| 1998 | 2.83 % change on previous year | -133.7% |
| 1999 | -0.7731 % change on previous year | -127.3% |
| 2000 | -8 % change on previous year | +935.3% |
| 2001 | 1.83 % change on previous year | -122.8% |
| 2002 | 9.32 % change on previous year | +410.1% |
| 2003 | 22.88 % change on previous year | +145.4% |
| 2004 | 14.89 % change on previous year | -34.9% |
| 2005 | 4.17 % change on previous year | -72.0% |
| 2006 | 6.57 % change on previous year | +57.4% |
| 2007 | 15.91 % change on previous year | +142.2% |
| 2008 | 11.13 % change on previous year | -30.1% |
| 2009 | -8.99 % change on previous year | -180.8% |
| 2010 | -1.69 % change on previous year | -81.2% |
| 2011 | 8.23 % change on previous year | -588.5% |
| 2012 | -7.24 % change on previous year | -187.9% |
| 2013 | 4.43 % change on previous year | -161.2% |
| 2014 | 2.3 % change on previous year | -48.2% |
| 2015 | -13.38 % change on previous year | -682.6% |
| 2016 | 2.33 % change on previous year | -117.4% |
| 2017 | 6.27 % change on previous year | +169.5% |
| 2018 | 8.19 % change on previous year | +30.6% |
| 2019 | -1.7 % change on previous year | -120.7% |
| 2020 | -1.52 % change on previous year | -10.6% |
| 2021 | 12.37 % change on previous year | -914.7% |
| 2022 | -1.9 % change on previous year | -115.4% |
| 2023 | 10.34 % change on previous year | -643.3% |
| 2024 | 3.99 % change on previous year | -61.4% |
| 2025 | 8.67 % change on previous year | +117.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.17 % change on previous year | 4.3 % change on previous year | 29.68 % change on previous year | 9 |
| 1980s | 6.7 % change on previous year | -12.7 % change on previous year | 39.68 % change on previous year | 10 |
| 1990s | 4.54 % change on previous year | -8.79 % change on previous year | 25.22 % change on previous year | 10 |
| 2000s | 6.97 % change on previous year | -8.99 % change on previous year | 22.88 % change on previous year | 10 |
| 2010s | 0.7739 % change on previous year | -13.38 % change on previous year | 8.23 % change on previous year | 10 |
| 2020s | 5.33 % change on previous year | -1.9 % change on previous year | 12.37 % change on previous year | 6 |
Countries ranked near European Union
- 17 Tajikistan 18.62 % change on previous year compare
- 18 Palau 17.95 % change on previous year compare
- 19 Iceland 17.56 % change on previous year compare
- 20 Kiribati 17.5 % change on previous year compare
- 21 Angola 17.45 % change on previous year compare
- 22 Turkey 17.27 % change on previous year compare
- 23 Russia 16.65 % change on previous year compare
More economy & growth data for European Union
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.48 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 42,248 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8972 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 12,148 current US$ per person (2025)
- Imports of goods and services 9.73 trillion current US$ (2025)
- Imports of goods and services 7.74 trillion constant 2015 US$ (2025)
- Imports of goods and services 3.7% (2025)
- Imports of goods and services 45.8% (2025)
- External balance on goods and services 3.8% (2025)
- Trade 90.1% (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (current us$), annual growth in European Union?
- Gross value added at basic prices (gva) (current us$), annual growth in European Union was 8.67 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), annual growth recorded in European Union?
- The highest recorded value was 39.68 % change on previous year in 1986.
- What is the lowest gross value added at basic prices (gva) (current us$), annual growth recorded in European Union?
- The lowest recorded value was -13.38 % change on previous year in 2015.
- How does European Union rank for gross value added at basic prices (gva) (current us$), annual growth?
- European Union ranks 20th out of 38 groups with data for 2025.
- Is gross value added at basic prices (gva) (current us$), annual growth rising or falling in European Union?
- Over the last ten years it is up 164.8%. The long-run trend across the full record is volatile.
- Where does this European Union data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.