Gross value added at basic prices (GVA) (current US$) in European Union
European Union: Gross value added at basic prices (GVA) (current US$) was 19.06 trillion current US$ in 2025. ◆ Volatile
Latest (2025)
19.06 trillion current US$
Change on year
up 8.7%
Rank
7th
of 38 groups
All-time high
19.06 trillion current US$
in 2025
All-time low
659.72 billion current US$
in 1970
Years of data
56
1970–2025
Gross value added at basic prices (GVA) in European Union, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2025, gross value added at basic prices (gva) in European Union stood at 19.06 trillion current US$. That is the highest value across all 56 years on record.
That represents a change of up 8.7% on the previous year and up 56.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in European Union peaked at 19.06 trillion current US$ in 2025 and was at its lowest, 659.72 billion current US$, in 1970.
European Union ranks 7th of 38 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$) in European Union, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 659.72 billion current US$ | — |
| 1971 | 746.97 billion current US$ | +13.2% |
| 1972 | 901.85 billion current US$ | +20.7% |
| 1973 | 1.17 trillion current US$ | +29.7% |
| 1974 | 1.33 trillion current US$ | +14.1% |
| 1975 | 1.56 trillion current US$ | +16.7% |
| 1976 | 1.62 trillion current US$ | +4.3% |
| 1977 | 1.84 trillion current US$ | +13.4% |
| 1978 | 2.24 trillion current US$ | +21.6% |
| 1979 | 2.71 trillion current US$ | +20.8% |
| 1980 | 3.03 trillion current US$ | +12.1% |
| 1981 | 2.65 trillion current US$ | -12.7% |
| 1982 | 2.55 trillion current US$ | -3.6% |
| 1983 | 2.48 trillion current US$ | -2.9% |
| 1984 | 2.39 trillion current US$ | -3.6% |
| 1985 | 2.46 trillion current US$ | +2.8% |
| 1986 | 3.43 trillion current US$ | +39.7% |
| 1987 | 4.24 trillion current US$ | +23.5% |
| 1988 | 4.65 trillion current US$ | +9.7% |
| 1989 | 4.74 trillion current US$ | +2.1% |
| 1990 | 5.94 trillion current US$ | +25.2% |
| 1991 | 6.12 trillion current US$ | +3.1% |
| 1992 | 6.73 trillion current US$ | +9.9% |
| 1993 | 6.14 trillion current US$ | -8.8% |
| 1994 | 6.46 trillion current US$ | +5.3% |
| 1995 | 7.47 trillion current US$ | +15.6% |
| 1996 | 7.58 trillion current US$ | +1.5% |
| 1997 | 6.94 trillion current US$ | -8.4% |
| 1998 | 7.14 trillion current US$ | +2.8% |
| 1999 | 7.08 trillion current US$ | -0.8% |
| 2000 | 6.52 trillion current US$ | -8.0% |
| 2001 | 6.64 trillion current US$ | +1.8% |
| 2002 | 7.25 trillion current US$ | +9.3% |
| 2003 | 8.91 trillion current US$ | +22.9% |
| 2004 | 10.24 trillion current US$ | +14.9% |
| 2005 | 10.67 trillion current US$ | +4.2% |
| 2006 | 11.37 trillion current US$ | +6.6% |
| 2007 | 13.18 trillion current US$ | +15.9% |
| 2008 | 14.65 trillion current US$ | +11.1% |
| 2009 | 13.33 trillion current US$ | -9.0% |
| 2010 | 13.10 trillion current US$ | -1.7% |
| 2011 | 14.18 trillion current US$ | +8.2% |
| 2012 | 13.16 trillion current US$ | -7.2% |
| 2013 | 13.74 trillion current US$ | +4.4% |
| 2014 | 14.06 trillion current US$ | +2.3% |
| 2015 | 12.17 trillion current US$ | -13.4% |
| 2016 | 12.46 trillion current US$ | +2.3% |
| 2017 | 13.24 trillion current US$ | +6.3% |
| 2018 | 14.32 trillion current US$ | +8.2% |
| 2019 | 14.08 trillion current US$ | -1.7% |
| 2020 | 13.87 trillion current US$ | -1.5% |
| 2021 | 15.58 trillion current US$ | +12.4% |
| 2022 | 15.28 trillion current US$ | -1.9% |
| 2023 | 16.87 trillion current US$ | +10.3% |
| 2024 | 17.54 trillion current US$ | +4.0% |
| 2025 | 19.06 trillion current US$ | +8.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.48 trillion current US$ | 659.72 billion current US$ | 2.71 trillion current US$ | 10 |
| 1980s | 3.26 trillion current US$ | 2.39 trillion current US$ | 4.74 trillion current US$ | 10 |
| 1990s | 6.76 trillion current US$ | 5.94 trillion current US$ | 7.58 trillion current US$ | 10 |
| 2000s | 10.28 trillion current US$ | 6.52 trillion current US$ | 14.65 trillion current US$ | 10 |
| 2010s | 13.45 trillion current US$ | 12.17 trillion current US$ | 14.32 trillion current US$ | 10 |
| 2020s | 16.37 trillion current US$ | 13.87 trillion current US$ | 19.06 trillion current US$ | 6 |
Countries ranked near European Union
- 4 United Kingdom 3.61 trillion current US$ compare
- 5 India 3.59 trillion current US$ compare
- 6 France 3.00 trillion current US$ compare
- 7 Russia 2.35 trillion current US$ compare
- 8 Italy 2.28 trillion current US$ compare
- 9 Canada 2.18 trillion current US$ compare
- 10 Brazil 1.96 trillion current US$ compare
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$), annual growth rate 2.34 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in European Union?
- Gross value added at basic prices (gva) in European Union was 19.06 trillion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in European Union?
- The highest recorded value was 19.06 trillion current US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in European Union?
- The lowest recorded value was 659.72 billion current US$ in 1970.
- How does European Union rank for gross value added at basic prices (gva)?
- European Union ranks 7th out of 38 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 56.5%. The long-run trend across the full record is volatile.
- Where does this European Union data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.