Gross value added at basic prices (GVA) in European Union
European Union: Gross value added at basic prices (GVA) was 14.31 trillion constant 2015 US$ in 2025. ▲ Rising
Gross value added at basic prices (GVA) in European Union, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in European Union is 14.31 trillion constant 2015 US$, measured in 2025. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 1.5% on the previous year and up 17.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in European Union peaked at 14.31 trillion constant 2015 US$ in 2025 and was at its lowest, 4.54 trillion constant 2015 US$, in 1970.
The long-run direction has been consistently rising across the 56 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.38 trillion constant 2015 US$ | 4.54 trillion constant 2015 US$ | 6.20 trillion constant 2015 US$ | 10 |
| 1980s | 6.89 trillion constant 2015 US$ | 6.35 trillion constant 2015 US$ | 7.81 trillion constant 2015 US$ | 10 |
| 1990s | 8.70 trillion constant 2015 US$ | 8.07 trillion constant 2015 US$ | 9.62 trillion constant 2015 US$ | 10 |
| 2000s | 10.88 trillion constant 2015 US$ | 10.01 trillion constant 2015 US$ | 11.81 trillion constant 2015 US$ | 10 |
| 2010s | 12.23 trillion constant 2015 US$ | 11.55 trillion constant 2015 US$ | 13.26 trillion constant 2015 US$ | 10 |
| 2020s | 13.68 trillion constant 2015 US$ | 12.54 trillion constant 2015 US$ | 14.31 trillion constant 2015 US$ | 6 |
More economy & growth data for European Union
- Final consumption expenditure 1.6% (2025)
- Manufacturing, value added 2.44 trillion constant 2015 US$ (2025)
- Households and NPISHs final consumption expenditure 52.6% (2025)
- Final consumption expenditure 15.76 trillion current US$ (2025)
- Final consumption expenditure 11.88 trillion constant 2015 US$ (2025)
- Gross national expenditure 15.32 trillion constant 2015 US$ (2025)
- Exports of goods and services 8.35 trillion constant 2015 US$ (2025)
- Exports of goods and services 10.54 trillion current US$ (2025)
- Manufacturing, value added 14.3% (2025)
- Gross national expenditure 20.43 trillion current US$ (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in European Union?
- Gross value added at basic prices (gva) in European Union was 14.31 trillion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in European Union?
- The highest recorded value was 14.31 trillion constant 2015 US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in European Union?
- The lowest recorded value was 4.54 trillion constant 2015 US$ in 1970.
- Is gross value added at basic prices (gva) rising or falling in European Union?
- Over the last ten years it is up 17.6%. The long-run trend across the full record is rising.
- Where does this European Union data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.