Actual value and historical data chart for European Union GDP Per Capita Growth Annual Percent

The Gross Domestic Product per capita in European Union was last recorded at 34859.60 US dollars in 2024. The GDP per Capita in European Union is equivalent to 276 percent of the world's average. This dataset provides the latest reported value for - European Union GDP Per Capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gross domestic product (GDP) per capita is a measure of economic production, which takes the entire output of a national economy during a year and divides it by the population of that country. In the European Union, Luxembourg, Ireland, Denmark, the Netherlands, and Austria come out on top as the countries which produced the most per capita in 2024. Europe's richest countries benefit from multinational companies Many criticisms have been made of using GDP per capita as away to judge a country's economic wealth in recent years, as global capital flows have come to distort the statistics and to give a warped impression of different countries' wealth. This is most notably the case for Ireland and for Luxembourg, which while certainly high-income countries, have experienced dramatic booms in their GDP over the past two decades due to the accounting practices of the large multinational corporations which have their European headquarters in these member states, such as Facebook and Apple in Dublin, and Amazon in Luxembourg. Will the poorest countries converge towards the EU average? At the bottom of the list, two of the most recent member states of the EU, Romania and Bulgaria, come last in terms of GDP per capita. Whether these countries will be able to capitalize on their relatively low-wages to spur economic growth and experience the convergence towards the older member states of the union shown by countries such as Estonia, Czechia, and Lithuania, remains a pressing issue for these poorer member states.

Key information about European Union GDP Per Capita

• European Union Gross Domestic Product (GDP) per Capita reached 41,541.357 USD in Dec 2023, compared with 37,990.536 USD in Dec 2022.
• EU GDP Per Capita data is updated yearly, available from Dec 1999 to Dec 2023, with an average number of -1,867.414 USD.
• The data reached an all-time high of 5,783.686 USD in Sep 2024 and a record low of -6,119.467 in Dec 2019.
• CEIC calculates GDP per Capita from quarterly Nominal GDP and annual Population and converts it into USD. Eurostat provides Nominal GDP in EUR and Population. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.

• In the latest reports, EU GDP expanded 1.552 % YoY in Sep 2025.
• EU Nominal GDP reached 5,301.125 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 2.726 % in Jun 2025.
• Gross Savings Rate of EU was measured at 26.024 % in Jun 2025.

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

The Gross Domestic Product per capita In the Euro Area was last recorded at 38145.12 US dollars in 2024. The GDP per Capita In the Euro Area is equivalent to 302 percent of the world's average. This dataset provides the latest reported value for - Euro Area GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows gross domestic product (GDP) of the European Union from 2020 to 2030 in billion international dollars. In 2024, the EU's GDP amounted to about 19.41 trillion U.S. dollars. Brexit and the economy of the European Union The European Union is still recovering from the crisis in 2008, but it is by no means making an impressive comeback and 2016 has not started out on the right foot either. Total GDP of the European Union staggered in 2012 and even moreso in 2015. Recent events are also bound to reduce consumer confidence and drag down growth. The year began with the economic slowdown in China and has continued on with the United Kingdom’s decision to leave the European Union. The long term effects this decision is expected to have have an overall negative effect on GDP growth within the European Union. However, the effects will likely hit the UK and Ireland more so. By 2030, it is expected that the GDP growth of the European Union will be negative at around minus 0.36 percent. Even considering an optimistic scenario, GDP of the UK is expected to decrease by 2.72 percent by 2030, as well - a pessimistic forecast even reducing GDP growth to a 7.7 percent decrease. Yet, it is still too early to tell how Brexit will play out in reality, but it will almost certainly impact current future projections of GDP growth in the European Union and the Euro Area.

The Gross Domestic Product per capita in European Union was last recorded at 54290.99 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in European Union, when adjusted by Purchasing Power Parity is equivalent to 306 percent of the world's average. This dataset provides the latest reported value for - European Union GDP Per Capita Ppp - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

As of 2025, there are **** official candidate countries for membership in the European Union, as well as Kosovo identified by the European Commission as a potential future candidate. A key element of the Copenhagen Criteria - the conditions which must be fulfilled to join the EU - is the existence of a functioning market economy in the candidate country, with the ability of the country to handle the strong competition and economic pressures which come with joining the European Single Market. While the political and administrative/institutional criteria have been considered the key stumbling block which has prevented the current candidate countries from progressing towards full membership, the current state of the economies of candidate countries is also a cause for concern. According to the most recently available data, all candidate countries have lower GDP per capita than even the poorest EU member state, Bulgaria. Ukraine, the newest candidate country, which was granted candidate status by the EU in response to Russia's invasion of the country in 2022, is the poorest candidate country, as measured by GDP per capita. This represents a serious issue, as the EU has never incorporated a country which is so far from the average economic standards of the Union. On the other hand, the chance to join the EU could provide an economic boost to Ukraine, or any other candidate country, as can be seen with the fast rising GDP per capita of countries which have joined the EU since 2004, such as Czechia, Hungary, and Poland.

European Union EU27: DG ECFIN Forecast: Gross Domestic Product (GDP) per Capita data was reported at 42.598 EUR th in 2026. This records an increase from the previous number of 41.048 EUR th for 2025. European Union EU27: DG ECFIN Forecast: Gross Domestic Product (GDP) per Capita data is updated yearly, averaging 25.636 EUR th from Dec 1995 (Median) to 2026, with 32 observations. The data reached an all-time high of 42.598 EUR th in 2026 and a record low of 14.914 EUR th in 1995. European Union EU27: DG ECFIN Forecast: Gross Domestic Product (GDP) per Capita data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Global Database’s European Union – Table EU.DG ECFIN.AMECO: GDP per Capita: Forecast.

This dataset provides values for GDP PER CAPITA reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Key information about EU GDP Deflator Growth

• European Union GDP deflator (implicit price deflator) increased 2.7 % in Jun 2025, compared with an increase of 2.6 % in the previous quarter.
• EU GDP Deflator Growth data is updated quarterly, available from Mar 1996 to Jun 2025, with an average rate of 1.6 %.
• The data reached an all-time high of 6.9 % in Mar 2023 and a record low of -0.6 % in Sep 2009.

• In the latest reports, European Union GDP expanded 1.6 % YoY in Sep 2025.
• Its Nominal GDP reached 5,301.1 USD bn in Jun 2025.
• EU GDP Per Capita reached 41,541.4 USD in Dec 2023.
• Its Gross Savings Rate was measured at 26.0 % in Jun 2025.

The fastest growing economy in Europe in 2024 was Malta. The small Mediterranean country's gross domestic product grew at five percent in 2024, beating out Montenegro which had a growth rate of almost four percent and the Russian Federation which had a rate of 3.6 percent in the same year. Estonia was the country with the largest negative growth in 2024, as the Baltic country's economy shrank by 0.88 percent compared with 2023, largely as a result of the country's exposure to the economic effects of Russia's invasion of Ukraine and the subsequent economic sanctions placed on Russia. Germany, Europe's largest economy, experience economic stagnation with a growth of 0.1 percent. Overall, the EU (which contains 27 European countries) registered a growth rate of one percent and the Eurozone (which contains 20) grew by 0.8 percent.

Actual value and historical data chart for European Union GDP Per Capita Current Us$

Czechia had the highest gross domestic product (GDP) per capita based on purchasing-power-parity (PPP) among Central and Eastern European (CEE) countries in 2024, at an estimated ** thousand 2017 international U.S. dollars. It was followed by Slovenia and Lithuania. The lowest figure among the presented CEE countries was recorded in Ukraine. In 2029, Poland's GDP per capita in PPP terms was forecast to reach approximately **** thousand 2017 international U.S. dollars.

The snapshot provided by Prometeia about the economic situation throughout different Italian areas highlights that disparities are a serious issue in the country. Comparing the indexed GDP per capita in 2005, 2015, and 2025 it comes out not only that in the ***** of Italy the GDP per capita has always been twofold likened to the *****, but also that the gap is expected to further increase in 2025. In like manner, in 2018, the ******** regions ****************************** were the ones with the lowest GDP per capita, whereas at the top five of the ranking only ******** Italian regions could be found. Unemployment rates by macro-region The situation was not much different pertaining to unemployment. In 2020, the unemployment rate in the North oscillated between *** and *** percent, while in the South the rate reached **** percent. Overall, the estimated figures for 2021 and 2022 were not optimistic, given that the unemployment rate was expected to increase throughout Italy. However, the growth was forecasted to be more remarkable in the South than in the rest of the country. Italian economy  Undoubtedly, the economic crisis that occurred in Italy in 2008 together with its long-term repercussions contributed to accentuate already existing regional gaps. Currently, Italy is one of Europe’s largest economies. However, in 2018, it also was among the EU countries with the lowest GDP growth. Furthermore, in 2019, Italy was the sixth state with the highest public debt in relation to the gross domestic product worldwide.

European Union EU27: DG ECFIN Forecast:(GDP) Gross Domestic Productper Capita: Private Final Consumption Expenditure data was reported at 22.417 EUR th in 2026. This records an increase from the previous number of 21.623 EUR th for 2025. European Union EU27: DG ECFIN Forecast:(GDP) Gross Domestic Productper Capita: Private Final Consumption Expenditure data is updated yearly, averaging 14.185 EUR th from Dec 1995 (Median) to 2026, with 32 observations. The data reached an all-time high of 22.417 EUR th in 2026 and a record low of 8.294 EUR th in 1995. European Union EU27: DG ECFIN Forecast:(GDP) Gross Domestic Productper Capita: Private Final Consumption Expenditure data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Global Database’s European Union – Table EU.DG ECFIN.AMECO: GDP per Capita: Forecast.

This dataset provides values for GDP ANNUAL GROWTH RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

European Union EU27: DG ECFIN Forecast: GDP: Contribution to Growth: % of(GDP) Gross Domestic Productat PY: DD: Gross Fixed Capital Formation data was reported at 0.600 % in 2026. This records an increase from the previous number of 0.451 % for 2025. European Union EU27: DG ECFIN Forecast: GDP: Contribution to Growth: % of(GDP) Gross Domestic Productat PY: DD: Gross Fixed Capital Formation data is updated yearly, averaging 0.462 % from Dec 1996 (Median) to 2026, with 31 observations. The data reached an all-time high of 1.430 % in 2019 and a record low of -2.643 % in 2009. European Union EU27: DG ECFIN Forecast: GDP: Contribution to Growth: % of(GDP) Gross Domestic Productat PY: DD: Gross Fixed Capital Formation data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Global Database’s European Union – Table EU.DG ECFIN.AMECO: GDP: Contribution to Growth: % of GDP at Previous Year Prices: Forecast.

The statistic shows the GDP per capita in France from 1987 to 2024, with projections up until 2030. In 2024, GDP per capita in France was at around 46,203.68 US dollars.Suffering competitivenessGDP is one of the primary indicators that is used to gauge the state of health of a country’s economy. It is the total market value of all completed goods and services that have been produced within a country in a given period of time, usually a year. GDP figures allow us to understand a country’s economy in a clear way. Real GDP, in a similar way, is also a very useful indicator; this is a measurement that takes prices changes (inflation and deflation) into account, therefore acting as a key indicator for economic growth.Gross domestic product per capita in France is predicted to continue falling in 2013 after a short period of growth in 2011 indicated that it may not, in fact, be on the mend. The country has been suffering significant economic hardship since the economic crisis of 2008 swept across the world. The European Union’s second largest economy is experiencing a shocking deterioration in its level of competitiveness. The items – cars, clothing, steel, electrical goods – that France is producing are simply failing to compete with the goods produced by Asian countries and its European neighbours, which, in turn, is leading to an accelerating fall in exports and a notable decline in the service and manufacturing sectors that support them. It could be argued that up until now France has managed to maintain its status as a reliable northern eurozone country, propped up by the uncontested reliability and strength of its principal partner, Germany.