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.

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 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 38,454.191 USD in Dec 2021, compared with 34,402.825 USD in Dec 2020.
• EU GDP Per Capita data is updated yearly, available from Dec 1999 to Dec 2021, with an average number of 33,135.176 USD.
• The data reached an all-time high of 38,454.191 USD in Dec 2021 and a record low of 16,892.743 in Dec 2000.
• 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 1.264 % YoY in Mar 2023.
• EU Nominal GDP reached 4,140.452 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.144 % in Dec 2022.
• Gross Savings Rate of EU was measured at 25.835 % in Dec 2022.

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.

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.

The average for 2023 based on 44 countries was 44137.65 U.S. dollars. The highest value was in Monaco: 256580.52 U.S. dollars and the lowest value was in Ukraine: 5069.7 U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

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.

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 average for 2024 based on 42 countries was 32055.08 U.S. dollars. The highest value was in Luxembourg: 103909.19 U.S. dollars and the lowest value was in Ukraine: 2219.04 U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

In the 16 years leading up to the First World War, the growth of GDP per capita varied across Europe, from growth rates of just six percent in the Netherlands, to 37 percent in Denmark. Of the major powers, France and Germany experienced the largest growth in this period, at 32 percent growth each, while Britain's growth was roughly half of this. It is important to remember, that the GDP per capita, along with economic development and industrialization, varied across Europe in this time period. For these reasons, Central and Eastern Europe had a higher overall GDP per capita growth rate than Western Europe, although Western Europe was much more advanced due to where its economy was in 1897.

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 35380.71 U.S. dollars. The highest value was in Luxembourg: 103909.19 U.S. dollars and the lowest value was in Bulgaria: 10089.92 U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

The indicator is calculated as the ratio of real GDP (GDP adjusted for inflation) to the average population of a specific year, where GDP is expressed in millions and population is expressed in thousands. Real GDP is published without decimals. GDP measures the value of the 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.

European Union GDP Per Capita: EU 28 data was reported at 30,900.000 EUR in 2018. This records an increase from the previous number of 30,000.000 EUR for 2017. European Union GDP Per Capita: EU 28 data is updated yearly, averaging 24,600.000 EUR from Dec 1995 (Median) to 2018, with 24 observations. The data reached an all-time high of 30,900.000 EUR in 2018 and a record low of 15,200.000 EUR in 1995. European Union GDP Per Capita: EU 28 data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.A013: ESA 2010: Eurostat: GDP: GDP per Capita.

Between 1900 and 1950, Scandinavian countries saw the largest growth in GDP per capita in Europe, more than doubling between 1913 and 1950. In comparison, growth rates were much lower in Western Europe, and lower still in East-Central Europe. From 1913 (the year before the First World War) until the end of the Second World War's recovery period in 1950, Western Europe's GDP per capita grew by just 43 percent, while East-Central Europe's figure increased by just 26 percent.

Purchasing power parities (PPPs) are indicators of price level differences across countries. PPPs tell us how many currency units a given quantity of goods and services costs in different countries. PPPs can thus be used as currency conversion rates to convert expenditures expressed in national currencies into an artificial common currency (the Purchasing Power Standard, PPS), eliminating the effect of price level differences across countries.

The main use of PPPs is to convert national accounts aggregates, like the Gross Domestic Product (GDP) of different countries, into comparable volume aggregates. Applying nominal exchange rates in this process would overestimate the GDP of countries with high price levels relative to countries with low price levels. The use of PPPs ensures that the GDP of all countries is valued at a uniform price level and thus reflects only differences in the actual volume of the economy.

PPPs are also applied in analyses of relative price levels across countries. For this purpose, the PPPs are divided by the current nominal exchange rate to obtain a price level index (PLI) which expresses the price level of a given country relative to another, or relative to a group of countries like the EU Member States.

The production of PPPs is a multilateral exercise involving the National Statistical Institutes of the participating countries, Eurostat and the OECD.

Indicators in Eurostat's dissemination database

The indicators published in the price domain on Eurostat's website are the following:

• Purchasing power parities (PPPs) scaled to the sum of expenditures of the EU Member States expressed in euro. This means that the PPP of one particular country indicates how many units of national currency one would need in that country in order to maintain the purchasing power of one euro in the EU
• Price level indices (PLIs) as defined above
• Nominal expenditure in national currency, as extracted from each country's national accounts
• Nominal expenditure as percentage of GDP
• Nominal expenditure in euro
• Nominal expenditure per inhabitant in euro
• Real expenditure, defined as nominal expenditure divided by the PPP
• Real expenditure per inhabitant
• Volume indices of real expenditure per inhabitant
• The convergence indicators, defined as the coefficient of variation of the price level indices (PLIs) and per capita volume indices (VIs) of gross domestic product (GDP), actual individual consumption (AIC) and household final consumption expenditure (HFCE). It measures the price and volume convergence across countries.

In addition, PPPs and real expenditures are available from the national accounts domain of the database. For further details, cf. 17.1.

This statistic displays the gross domestic product (GDP) per capita in purchasing power standards (PPS) in the European Union (EU-28) in 2017, by country. In relation to the EU28 average set at 100 PPS, the gross domestic product of Luxembourg in the year 2017 was *** PPS.

EU:(GDP) Gross Domestic ProductBased on purchasing-power-parity (PPP) Per Capita GDP: Current Prices data was reported at 41,339.169 PPP Intl $ in 2017. This records an increase from the previous number of 39,598.470 PPP Intl $ for 2016. EU:(GDP) Gross Domestic ProductBased on purchasing-power-parity (PPP) Per Capita GDP: Current Prices data is updated yearly, averaging 22,478.620 PPP Intl $ from Dec 1980 (Median) to 2017, with 38 observations. The data reached an all-time high of 41,339.169 PPP Intl $ in 2017 and a record low of 9,169.729 PPP Intl $ in 1980. EU:(GDP) Gross Domestic ProductBased on purchasing-power-parity (PPP) Per Capita GDP: Current Prices data remains active status in CEIC and is reported by International Monetary Fund - World Economic Outlook. The data is categorized under World Trend Plus’s Aggregate: Euro Area and European Union – Table EU.IMF.WEO: Gross Domestic Product: European Union (EU28).