Gross value added at basic prices (GVA) in European Union
European Union: Gross value added at basic prices (GVA) was 19.06 trillion current US$ in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in European Union, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2025, gross value added at basic prices (gva) in European Union stood at 19.06 trillion current US$. That is the highest value across all 56 years on record.
That represents a change of up 8.7% on the previous year and up 56.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in European Union peaked at 19.06 trillion current US$ in 2025 and was at its lowest, 659.72 billion current US$, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.48 trillion current US$ | 659.72 billion current US$ | 2.71 trillion current US$ | 10 |
| 1980s | 3.26 trillion current US$ | 2.39 trillion current US$ | 4.74 trillion current US$ | 10 |
| 1990s | 6.76 trillion current US$ | 5.94 trillion current US$ | 7.58 trillion current US$ | 10 |
| 2000s | 10.28 trillion current US$ | 6.52 trillion current US$ | 14.65 trillion current US$ | 10 |
| 2010s | 13.45 trillion current US$ | 12.17 trillion current US$ | 14.32 trillion current US$ | 10 |
| 2020s | 16.37 trillion current US$ | 13.87 trillion current US$ | 19.06 trillion current 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 19.06 trillion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in European Union?
- The highest recorded value was 19.06 trillion current US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in European Union?
- The lowest recorded value was 659.72 billion current 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 56.5%. The long-run trend across the full record is volatile.
- Where does this European Union data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.