European Union - Gross value added at factor cost (current US$)
The latest value for Gross value added at factor cost (current US$) in European Union was $13,968,000,000,000 as of 2019. Over the past 49 years, the value for this indicator has fluctuated between $14,614,900,000,000 in 2008 and $660,890,000,000 in 1970.
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1970 | $660,890,000,000 |
| 1971 | $748,259,000,000 |
| 1972 | $903,638,000,000 |
| 1973 | $1,172,050,000,000 |
| 1974 | $1,337,500,000,000 |
| 1975 | $1,560,870,000,000 |
| 1976 | $1,628,290,000,000 |
| 1977 | $1,846,080,000,000 |
| 1978 | $2,245,630,000,000 |
| 1979 | $2,711,720,000,000 |
| 1980 | $3,039,640,000,000 |
| 1981 | $2,654,370,000,000 |
| 1982 | $2,559,410,000,000 |
| 1983 | $2,483,900,000,000 |
| 1984 | $2,393,780,000,000 |
| 1985 | $2,461,350,000,000 |
| 1986 | $3,435,870,000,000 |
| 1987 | $4,243,450,000,000 |
| 1988 | $4,653,820,000,000 |
| 1989 | $4,750,930,000,000 |
| 1990 | $5,948,990,000,000 |
| 1991 | $6,134,100,000,000 |
| 1992 | $6,737,410,000,000 |
| 1993 | $6,143,170,000,000 |
| 1994 | $6,466,290,000,000 |
| 1995 | $7,477,520,000,000 |
| 1996 | $7,590,690,000,000 |
| 1997 | $6,952,640,000,000 |
| 1998 | $7,152,470,000,000 |
| 1999 | $7,089,800,000,000 |
| 2000 | $6,520,390,000,000 |
| 2001 | $6,641,510,000,000 |
| 2002 | $7,261,480,000,000 |
| 2003 | $8,918,330,000,000 |
| 2004 | $10,245,500,000,000 |
| 2005 | $10,660,000,000,000 |
| 2006 | $11,353,400,000,000 |
| 2007 | $13,156,700,000,000 |
| 2008 | $14,614,900,000,000 |
| 2009 | $13,289,800,000,000 |
| 2010 | $13,059,900,000,000 |
| 2011 | $14,124,500,000,000 |
| 2012 | $13,114,900,000,000 |
| 2013 | $13,709,500,000,000 |
| 2014 | $14,022,500,000,000 |
| 2015 | $12,134,300,000,000 |
| 2016 | $12,435,800,000,000 |
| 2017 | $13,198,500,000,000 |
| 2018 | $14,269,200,000,000 |
| 2019 | $13,968,000,000,000 |
Aggregation method: Gap-filled total
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
