European Union - GDP
GDP (current US$)
The latest value for GDP (current US$) in European Union was $15,291,900,000,000 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between $16,297,600,000,000 in 2008 and $725,931,000,000 in 1970.
Definition: 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.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1970 | $725,931,000,000 |
| 1971 | $820,813,000,000 |
| 1972 | $990,429,000,000 |
| 1973 | $1,282,020,000,000 |
| 1974 | $1,451,750,000,000 |
| 1975 | $1,690,880,000,000 |
| 1976 | $1,770,050,000,000 |
| 1977 | $2,004,900,000,000 |
| 1978 | $2,442,700,000,000 |
| 1979 | $2,952,840,000,000 |
| 1980 | $3,303,180,000,000 |
| 1981 | $2,879,980,000,000 |
| 1982 | $2,777,380,000,000 |
| 1983 | $2,702,070,000,000 |
| 1984 | $2,603,400,000,000 |
| 1985 | $2,677,660,000,000 |
| 1986 | $3,744,040,000,000 |
| 1987 | $4,631,250,000,000 |
| 1988 | $5,084,290,000,000 |
| 1989 | $5,193,670,000,000 |
| 1990 | $6,498,470,000,000 |
| 1991 | $6,736,020,000,000 |
| 1992 | $7,406,290,000,000 |
| 1993 | $6,761,110,000,000 |
| 1994 | $7,161,870,000,000 |
| 1995 | $8,296,030,000,000 |
| 1996 | $8,431,520,000,000 |
| 1997 | $7,733,760,000,000 |
| 1998 | $7,969,790,000,000 |
| 1999 | $7,925,750,000,000 |
| 2000 | $7,276,100,000,000 |
| 2001 | $7,393,820,000,000 |
| 2002 | $8,083,840,000,000 |
| 2003 | $9,931,880,000,000 |
| 2004 | $11,419,000,000,000 |
| 2005 | $11,910,800,000,000 |
| 2006 | $12,713,900,000,000 |
| 2007 | $14,728,800,000,000 |
| 2008 | $16,297,600,000,000 |
| 2009 | $14,763,800,000,000 |
| 2010 | $14,557,600,000,000 |
| 2011 | $15,759,500,000,000 |
| 2012 | $14,636,200,000,000 |
| 2013 | $15,299,700,000,000 |
| 2014 | $15,652,100,000,000 |
| 2015 | $13,551,900,000,000 |
| 2016 | $13,893,300,000,000 |
| 2017 | $14,766,000,000,000 |
| 2018 | $15,978,200,000,000 |
| 2019 | $15,689,400,000,000 |
| 2020 | $15,291,900,000,000 |
GDP (constant 2010 US$)
The latest value for GDP (constant 2010 US$) in European Union was 13,890,500,000,000 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between 14,770,200,000,000 in 2019 and 5,131,250,000,000 in 1970.
Definition: 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 constant 2010 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2010 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.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1970 | 5,131,250,000,000 |
| 1971 | 5,317,740,000,000 |
| 1972 | 5,570,850,000,000 |
| 1973 | 5,905,610,000,000 |
| 1974 | 6,088,430,000,000 |
| 1975 | 6,048,100,000,000 |
| 1976 | 6,344,000,000,000 |
| 1977 | 6,526,330,000,000 |
| 1978 | 6,725,380,000,000 |
| 1979 | 6,985,800,000,000 |
| 1980 | 7,130,760,000,000 |
| 1981 | 7,167,260,000,000 |
| 1982 | 7,225,480,000,000 |
| 1983 | 7,330,180,000,000 |
| 1984 | 7,513,150,000,000 |
| 1985 | 7,689,920,000,000 |
| 1986 | 7,888,790,000,000 |
| 1987 | 8,087,600,000,000 |
| 1988 | 8,424,230,000,000 |
| 1989 | 8,754,290,000,000 |
| 1990 | 9,050,380,000,000 |
| 1991 | 9,218,660,000,000 |
| 1992 | 9,325,630,000,000 |
| 1993 | 9,272,110,000,000 |
| 1994 | 9,518,010,000,000 |
| 1995 | 9,771,410,000,000 |
| 1996 | 9,955,170,000,000 |
| 1997 | 10,219,300,000,000 |
| 1998 | 10,526,900,000,000 |
| 1999 | 10,837,300,000,000 |
| 2000 | 11,259,900,000,000 |
| 2001 | 11,504,800,000,000 |
| 2002 | 11,632,500,000,000 |
| 2003 | 11,738,000,000,000 |
| 2004 | 12,042,200,000,000 |
| 2005 | 12,273,900,000,000 |
| 2006 | 12,702,700,000,000 |
| 2007 | 13,103,500,000,000 |
| 2008 | 13,187,500,000,000 |
| 2009 | 12,614,100,000,000 |
| 2010 | 12,897,800,000,000 |
| 2011 | 13,137,400,000,000 |
| 2012 | 13,044,600,000,000 |
| 2013 | 13,040,400,000,000 |
| 2014 | 13,245,900,000,000 |
| 2015 | 13,551,900,000,000 |
| 2016 | 13,824,100,000,000 |
| 2017 | 14,213,000,000,000 |
| 2018 | 14,506,600,000,000 |
| 2019 | 14,770,200,000,000 |
| 2020 | 13,890,500,000,000 |
GDP, PPP (current international $)
The latest value for GDP, PPP (current international $) in European Union was 20,043,100,000,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 20,601,200,000,000 in 2019 and 6,227,970,000,000 in 1990.
Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP 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 international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).
Source: World Bank, International Comparison Program database.
See also:
| Year | Value |
|---|---|
| 1990 | 6,227,970,000,000 |
| 1991 | 6,532,010,000,000 |
| 1992 | 6,749,670,000,000 |
| 1993 | 6,874,210,000,000 |
| 1994 | 7,208,620,000,000 |
| 1995 | 7,564,890,000,000 |
| 1996 | 7,831,750,000,000 |
| 1997 | 8,152,550,000,000 |
| 1998 | 8,548,630,000,000 |
| 1999 | 8,895,830,000,000 |
| 2000 | 9,476,880,000,000 |
| 2001 | 9,959,700,000,000 |
| 2002 | 10,421,700,000,000 |
| 2003 | 10,683,700,000,000 |
| 2004 | 11,226,200,000,000 |
| 2005 | 11,680,200,000,000 |
| 2006 | 12,728,000,000,000 |
| 2007 | 13,607,000,000,000 |
| 2008 | 14,292,800,000,000 |
| 2009 | 14,028,400,000,000 |
| 2010 | 14,511,300,000,000 |
| 2011 | 15,191,300,000,000 |
| 2012 | 15,420,800,000,000 |
| 2013 | 15,968,800,000,000 |
| 2014 | 16,446,500,000,000 |
| 2015 | 16,991,700,000,000 |
| 2016 | 18,078,000,000,000 |
| 2017 | 19,041,700,000,000 |
| 2018 | 19,951,300,000,000 |
| 2019 | 20,601,200,000,000 |
| 2020 | 20,043,100,000,000 |
GDP, PPP (constant 2011 international $)
The latest value for GDP, PPP (constant 2011 international $) in European Union was 18,666,100,000,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 19,850,300,000,000 in 2019 and 11,993,500,000,000 in 1990.
Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP 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 constant 2011 international dollars.
Source: World Bank, International Comparison Program database.
See also:
| Year | Value |
|---|---|
| 1990 | 11,993,500,000,000 |
| 1991 | 12,162,300,000,000 |
| 1992 | 12,282,800,000,000 |
| 1993 | 12,220,700,000,000 |
| 1994 | 12,547,000,000,000 |
| 1995 | 12,897,700,000,000 |
| 1996 | 13,158,200,000,000 |
| 1997 | 13,495,900,000,000 |
| 1998 | 13,896,900,000,000 |
| 1999 | 14,293,400,000,000 |
| 2000 | 14,851,400,000,000 |
| 2001 | 15,187,500,000,000 |
| 2002 | 15,379,000,000,000 |
| 2003 | 15,546,900,000,000 |
| 2004 | 15,977,500,000,000 |
| 2005 | 16,309,900,000,000 |
| 2006 | 16,907,100,000,000 |
| 2007 | 17,470,600,000,000 |
| 2008 | 17,623,500,000,000 |
| 2009 | 16,870,200,000,000 |
| 2010 | 17,222,600,000,000 |
| 2011 | 17,533,300,000,000 |
| 2012 | 17,408,600,000,000 |
| 2013 | 17,408,000,000,000 |
| 2014 | 17,693,900,000,000 |
| 2015 | 18,116,100,000,000 |
| 2016 | 18,494,800,000,000 |
| 2017 | 19,041,700,000,000 |
| 2018 | 19,465,800,000,000 |
| 2019 | 19,850,300,000,000 |
| 2020 | 18,666,100,000,000 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
