GDP annual growth rate in the EU 1996-2024

Published by
Catalina Espinosa,
Nov 15, 2024

In 2023, the gross domestic product in the European Union grew by 0.8 percent, as economic stagnation and high inflation caused by the Russia-Ukraine war impacted European economies. The European Commission forecasts that the European economy will have grown by 0.9 percent in 2024, continuing the trend registered in the previous year. This represents slow economic growth after the post-pandemic resurgence, yet avoids the recession many commentators warned the EU might slip into. Growth is forecast to increase again in 2025, climbing to 1.5 percent—a figure considered low by historical EU standards, excluding periods of economic crisis.

Average annual growth rate of gross domestic product in the European Union from 1996 to 2024

CharacteristicReal annual percentage change
2026* 1.8%
2025* 1.5%
2024* 0.9%
2023 0.8%
2022 3.5%
2021 6.3%
2020 -5.6%
2019 1.8%
2018 2.1%
2017 2.8%
2016 2%
2015 2.3%
2014 1.6%
Showing entries 1 to 13 (31 entries in total)
Created with Highcharts 7.2.2Real annual percentage change1.8%1.8%2.7%2.7%3%3%2.9%2.9%3.9%3.9%2.1%2.1%1.1%1.1%0.9%0.9%2.5%2.5%1.9%1.9%3.5%3.5%3.1%3.1%0.6%0.6%-4.3%-4.3%2.2%2.2%1.9%1.9%-0.7%-0.7%-0.1%-0.1%1.6%1.6%2.3%2.3%2%2%2.8%2.8%2.1%2.1%1.8%1.8%-5.6%-5.6%6.3%6.3%3.5%3.5%0.8%0.8%0.9%0.9%1.5%1.5%1.8%1.8%19961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024*2025*2026*
-7.5%-5%-2.5%0%2.5%5%7.5%

© Statista 2025
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

Release date

November 2024

Region

Europe, EU

Survey time period

1996 to 2024

Supplementary notes

* Forecast data from the European Commission. 

Open this statistic in...
French
Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Register now
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

Professional Account

For teams of up to 5 people
$1,299 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Leading companies trust Statista:
paypal google adobe pg samsung telekom

Related reports: Available to download in PDF or PPTX format

All datain one format
All data
in one format
European economy
  • 41 page/s
  • English
  • pptx
  • Detailed references

Everything on "European economy" in one document: edited and divided into chapters, including detailed references.

Go to report
Further reports
Statista has been my savior on several occasions. The site is easy to maneuver and the data is in a format that can go right into a report or presentation.
Marlene Greenfield

Marlene Greenfield
Vice President, Hearst Magazines

Statistics on " Europe Economic Outlook 2025 "

Other statistics that may interest you Europe Economic Outlook 2025

Overview of the European Economy

8

Economic Growth Forecasts

4

Inflation and Interest Rates Forecasts

6

Labor Market Forecasts

4

Other Key Issues Affecting the European Economy in 2025

5

Further related statistics

16

Discover Statista

Need help with using Statista for your research? Tutorials and first steps

Further Content: You might find this interesting as well

Statistics

Topics

Europe Economic Outlook 2025Gross Domestic Product (GDP) worldwideGlobal economyEuropean Central BankEarnings and wages in Europe
Do you have any questions about our business solutions?

We provide you with detailed information about our Professional Account.

All features, all contents, at all times: Learn more about our professional solutions.

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Register now
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

Professional Account

For teams of up to 5 people
$1,299 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.