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

The European Union is comprised of 27 member states who share the European Single Market, a common trade area which ensures the free movement of goods, services, capital, and people. As of 2024, the largest economies in the EU were Germany, France, Italy, Spain, and the Netherlands, with these countries making up the vast majority of the EU's almost 17 trillion Euro GDP. The relatively small island member states of Cyprus and Malta come in at the bottom of the list, with GDPs of around 23 and 33 billion Euros respectively.

With a Gross Domestic Product of over 4.3 trillion Euros, the German economy was by far the largest in Europe in 2024. The similarly sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain. The smallest economy in this statistic is that of the small Balkan nation of Montenegro, which had a GDP of 7.4 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.95 trillion Euros. The big five Germany’s economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same period and had a smaller economy than Italy in the late 1980s. The UK also suffered more than the other major economies during the recession of the late 2000s, meaning the French economy was the second largest on the continent for some time afterward. The Spanish economy was continually the fifth-largest in Europe in this 38-year period, and from 2004 onwards, has been worth more than one trillion Euros. The smallest GDP, the highest economic growth in Europe Despite having the smallerst GDP of Europe, Montenegro emerged as the fastest growing economy in the continent, achieving an impressive annual growth rate of 4.5 percent, surpassing Turkey's growth rate of 4 percent. Overall,this Balkan nation has shown a remarkable economic recovery since the 2010 financial crisis, with its GDP projected to grow by 28.71 percent between 2024 and 2029. Contributing to this positive trend are successful tourism seasons in recent years, along with increased private consumption and rising imports. Europe's economic stagnation Malta, Albania, Iceland, and Croatia were among the countries reporting some of the highest growth rates this year. However, Europe's overall performance reflected a general slowdown in growth compared to the trend seen in 2021, during the post-pandemic recovery. Estonia experienced the sharpest negative growth in 2023, with its economy shrinking by 2.3% compared to 2022, primarily due to the negative impact of sanctions placed on its large neighbor, Russia. Other nations, including Sweden, Germany, and Finland, also recorded slight negative growth.

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.

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.

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.

The average for 2024 based on 27 countries was 56043 U.S. dollars. The highest value was in Luxembourg: 128182 U.S. dollars and the lowest value was in Bulgaria: 34083 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

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.

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.

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.

Graph and download economic data for Gross Domestic Product Per Capita for the European Union (NYGDPPCAPCDEUU) from 1960 to 2024 about EU, Europe, per capita, and GDP.

The average for 2023 based on 45 countries was 0.57 percent. The highest value was in Germany: 4.29 percent and the lowest value was in Andorra: 0 percent. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

The indicator is part of the EU Sustainable Development Goals (SDG) indicator set. It is used to monitor progress towards SDG 8 on decent work and economic growth; which is embedded in the European Commission’s Priorities under the European Green Deal, Economy that works for people. SDG 8 recognises the importance of sustained economic growth and high levels of economic productivity for the creation of well-paid quality jobs and the achievement of global prosperity. That said, it envisions inclusive and sustainable economic growth, which leaves no one behind and does not harm the environment.

Indicator can be considered as identical to global SDG indicator 8.1.1 "Annual growth rate of real GDP per capita". Furthermore, it is part of the impact indicators for Strategic plan 2020-2024 referring to the 6 Commission priorities.

The EU supports growth, job creation and competitiveness through funding instrumentssuch as the European Fund for Strategic Investments, the European Social Fund and its successor, the European Social Fund Plus, the European Structural and Investment Funds, Horizon 2020, the Programme for Employment and Social Innovation (EaSI), the Programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME), the Emergency Support Instrument, the Connecting Europe Facility and the Creative Europe Programme (CAP).

The indicator is calculated as the ratio of real GDP to the average population of a specific year. GDP measures the value of total final output of goods and services produced by an economy within a certain period of time. It includes goods and services that have markets (or which could have markets) and products which are produced by general government and non-profit institutions.

It is a measure of economic activity and is commonly used as a proxy for the development in a country’s material living standards. However, it is not a complete measure of economic welfare. For example, GDP does not include most unpaid household work. Neither does GDP take account of negative effects of economic activity, like environmental degradation.

Real GDP per capita is calculated as the ratio of real GDP to the average population of a specific year and is based on rounded figures.

All EU MS

Comparability across all EU Member States respectively other presented countries is ensured by the application of the legal framework represented by ESA 2010 and SNA 2008. Comparability of GDP for EU countries is regularly monitored in the context of the work of the Gross National Income (GNI) Committee. In addition, international harmonisation of techniques and, to some extent, compilation tools is ensured by the work of the national accounts working groups (Eurostat, OECD, UN).

Comparability across countries of the population figures is ensured by application of the same concept (ESA 2010) across countries.

The average for 2024 based on 42 countries was 40186.68 U.S. dollars. The highest value was in Luxembourg: 137516.59 U.S. dollars and the lowest value was in Ukraine: 5389.47 U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Graph and download economic data for Gross Domestic Product Per Capita for the Euro Area (NYGDPPCAPCDEMU) from 1960 to 2024 about Euro Area, Europe, per capita, and GDP.

Graph and download economic data for Constant GDP per capita for the European Union (NYGDPPCAPKDEUU) from 1960 to 2024 about EU, Europe, per capita, and GDP.

This dataset provides values for GDP PER CAPITA PPP 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 European Union Nominal GDP

• European Union Nominal GDP reached 5,301.1 USD bn in Jun 2025, compared with 4,874.3 USD bn in the previous quarter.
• Nominal GDP in EU is updated quarterly, available from Mar 1999 to Jun 2025, with an average number of 14.5 USD mn.
• The data reached an all-time high of 50.6 USD mn in Apr 2021 and a record low of -54.5 USD mn in Dec 2008.

• In the latest reports, EU GDP expanded 1.6 % YoY in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 2.7 % 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.
• For Nominal GDP contributions, Investment accounted for 22.0 % in Jun 2025.
• Public Consumption accounted for 21.5 % in Jun 2025.
• Private Consumption accounted for 52.4 % in Jun 2025.

View yearly updates and historical trends for European Union GDP per Capita. Source: World Bank. Track economic data with YCharts analytics.

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.