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.

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.

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.

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.

This statistic shows the gross domestic product (GDP) of the European Union (EU) per capita from 2012 to 2024. In 2024, the GDP amounted to 39,710 euros per capita in the European Union. The overall EU GDP in current prices amounted to 17.1 trillion euros that year. See the total EU population figures for more information.

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.

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.

Gross domestic product (GDP) is a measure for the economic activity. It refers to the value of the total output of goods and services produced by an economy, less intermediate consumption, plus net taxes on products and imports. GDP per capita is calculated as the ratio of GDP to the average population in a specific year. Basic figures are expressed in purchasing power standards (PPS), which represents a common currency that eliminates the differences in price levels between countries to allow meaningful volume comparisons of GDP. The values are also offered as an index calculated in relation to the European Union average set to equal 100. If the index of a country is higher than 100, this country's level of GDP per head is higher than the EU average and vice versa. Please note that this index is intended for cross-country comparisons rather than for temporal comparisons. Finally, the disparities indicator offered for EU aggregates is calculated as the coefficient of variation of the national figures. This time series offers a measure of the convergence of economic activity between the EU Member States.

European Union - Real GDP per capita was EUR29280.00 in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Real GDP per capita - last updated from the EUROSTAT on December of 2025. Historically, European Union - Real GDP per capita reached a record high of EUR29300.00 in December of 2022 and a record low of EUR22580.00 in December of 2000.

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.

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

In 2024 the gross domestic product of the European Union amounted to approximately 17.9 trillion euros. GDP is the total value of all goods and services produced in a country within a year. It is an important indicator of the economic strength of a country. The financial crisis and its aftermath The European Union is a union made up of 27 states located within and around Europe, including several of the world’s largest economies. Since its inception in 1993, the European Union has displayed the benefits of uniting several countries together, however have also showed possible consequences. The majority of European countries felt the aftermath of the 2008 global financial crisis and afterwards the Eurozone crisis, which has had a severe and continuous effect on the general European economy. Additionally, due to the close association between all the countries, several banks around different European countries were forced to shut down. A generally lower standard of life in the EU, particularly around 2009 during the prime of both economical disasters, led to doubt and uncertainty about the future of many European families and consumers. However, as the economic situation all around the world slowly improved, so did the outlook on the future for most consumers. Struggles around Europe resulted in a larger need to stimulate the economy, which was only possible by borrowing and spending more money. As a result, national debt soared. It was also necessary for more economically successful countries to help finance countries that were deep in the crisis, such as Greece.

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

European Union GDP Per Capita: EU 27 excl UK data was reported at 31,090.000 EUR in 2019. This records an increase from the previous number of 30,160.000 EUR for 2018. European Union GDP Per Capita: EU 27 excl UK data is updated yearly, averaging 24,050.000 EUR from Dec 1995 (Median) to 2019, with 25 observations. The data reached an all-time high of 31,090.000 EUR in 2019 and a record low of 14,900.000 EUR in 1995. European Union GDP Per Capita: EU 27 excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.A017: ESA 2010: Eurostat: GDP: GDP per Capita.

The volume index of GDP per capita in Purchasing Power Standards (PPS) is expressed in relation to the European Union average set to equal 100. An index value above 100 indicates that a country's GDP per capita is higher than the EU average, while a value below 100 signifies that it is lower. This index is often used to compare the economic well-being of populations. However, GDP includes certain components and transactions that are arguably less relevant to measuring a household's current material well-being. PPS is the technical term used by Eurostat to denote a common currency that eliminates the differences in price levels between countries allowing meaningful comparisons. PPS values are derived by dividing a country's economic aggregates in national currency by the respective PPPs. Data are primarily intended for cross-country comparisons rather than for comparisons over time.

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 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.

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.

The Gross Domestic Product (GDP) in European Union was worth 19423.32 billion US dollars in 2024, according to official data from the World Bank. The GDP value of European Union represents 18.29 percent of the world economy. This dataset provides the latest reported value for - European Union GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.