European Union GDP 1970-2022

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
  • European Union gdp for 2021 was $17,088.62B, a 11.69% increase from 2020.
  • European Union gdp for 2020 was $15,300.14B, a 2.5% decline from 2019.
  • European Union gdp for 2019 was $15,691.85B, a 1.8% decline from 2018.
  • European Union gdp for 2018 was $15,978.72B, a 8.21% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name GDP ( Billions of US $)
World $96,100.09B
OECD members $57,920.17B
East Asia & Pacific $30,880.83B
North America $24,993.94B
European Union $17,088.62B
Euro Area $14,493.21B
Latin America & Caribbean $5,488.72B
South Asia $4,087.77B
Sub-Saharan Africa $1,917.90B
European Union GDP - Historical Data
Year GDP Per Capita Growth
2021 $17,088.62B $38,234 5.38%
2020 $15,300.14B $34,192 -5.96%
2019 $15,691.85B $35,089 1.83%
2018 $15,978.72B $35,753 2.07%
2017 $14,766.27B $33,094 2.82%
2016 $13,893.21B $31,187 2.01%
2015 $13,551.93B $30,485 2.31%
2014 $15,652.10B $35,286 1.58%
2013 $15,299.73B $34,578 -0.03%
2012 $14,636.20B $33,159 -0.71%
2011 $15,759.49B $35,756 1.86%
2010 $14,557.64B $32,971 2.25%
2009 $14,763.78B $33,484 -4.35%
2008 $16,297.63B $37,050 0.64%
2007 $14,728.76B $33,591 3.15%
2006 $12,713.92B $29,094 3.49%
2005 $11,910.85B $27,345 1.92%
2004 $11,419.03B $26,309 2.59%
2003 $9,931.88B $22,968 0.91%
2002 $8,083.84B $18,761 1.11%
2001 $7,393.82B $17,199 2.18%
2000 $7,276.10B $16,948 3.90%
1999 $7,925.75B $18,483 2.95%
1998 $7,969.79B $18,616 3.01%
1997 $7,733.76B $18,089 2.65%
1996 $8,431.52B $19,751 1.88%
1995 $8,296.03B $19,465 2.66%
1994 $7,161.87B $16,836 2.65%
1993 $6,761.11B $15,933 -0.57%
1992 $7,406.29B $17,510 1.16%
1991 $6,736.02B $15,972 1.86%
1990 $6,498.47B $15,455 3.38%
1989 $5,193.67B $12,393 3.92%
1988 $5,084.29B $12,173 4.16%
1987 $4,631.25B $11,125 2.52%
1986 $3,744.04B $9,020 2.59%
1985 $2,677.66B $6,469 2.35%
1984 $2,603.40B $6,305 2.50%
1983 $2,702.07B $6,559 1.45%
1982 $2,777.38B $6,759 0.81%
1981 $2,879.98B $7,032 0.51%
1980 $3,303.18B $8,098 2.08%
1979 $2,952.84B $7,272 3.87%
1978 $2,442.70B $6,042 3.05%
1977 $2,004.90B $4,982 2.87%
1976 $1,770.05B $4,420 4.89%
1975 $1,690.88B $4,245 -0.66%
1974 $1,451.75B $3,667 3.10%
1973 $1,282.02B $3,258 6.01%
1972 $990.43B $2,533 4.76%
1971 $820.81B $2,113 3.63%
1970 $725.93B $1,879 %