Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in European Union (27 countries)
European Union (27 countries): Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition was 50.24 Percentage of GDP in 2029. ▲ Rising
Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in European Union (27 countries), 2000–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2029, africa's development dynamics (afdd) table 15 - growth decomposition in European Union (27 countries) stood at 50.24 Percentage of GDP.
That represents a change of up 1.1% on the previous year and up 9.2% over ten years.
Over the whole period, africa's development dynamics (afdd) table 15 - growth decomposition in European Union (27 countries) peaked at 54.56 Percentage of GDP in 2022 and was at its lowest, 32.9 Percentage of GDP, in 2003.
European Union (27 countries) ranks 3rd of 36 regions on this measure, in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in European Union (27 countries), year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 35.19 Percentage of GDP | — |
| 2001 | 34.49 Percentage of GDP | -2.0% |
| 2002 | 33.02 Percentage of GDP | -4.3% |
| 2003 | 32.9 Percentage of GDP | -0.4% |
| 2004 | 34.49 Percentage of GDP | +4.8% |
| 2005 | 36.33 Percentage of GDP | +5.3% |
| 2006 | 39 Percentage of GDP | +7.4% |
| 2007 | 40.09 Percentage of GDP | +2.8% |
| 2008 | 40.76 Percentage of GDP | +1.7% |
| 2009 | 35.04 Percentage of GDP | -14.0% |
| 2010 | 39.22 Percentage of GDP | +11.9% |
| 2011 | 42.02 Percentage of GDP | +7.1% |
| 2012 | 42.45 Percentage of GDP | +1.0% |
| 2013 | 42.07 Percentage of GDP | -0.9% |
| 2014 | 42.59 Percentage of GDP | +1.2% |
| 2015 | 43.24 Percentage of GDP | +1.5% |
| 2016 | 42.74 Percentage of GDP | -1.2% |
| 2017 | 44.45 Percentage of GDP | +4.0% |
| 2018 | 45.65 Percentage of GDP | +2.7% |
| 2019 | 46 Percentage of GDP | +0.8% |
| 2020 | 43 Percentage of GDP | -6.5% |
| 2021 | 47.04 Percentage of GDP | +9.4% |
| 2022 | 54.56 Percentage of GDP | +16.0% |
| 2023 | 48.68 Percentage of GDP | -10.8% |
| 2024 | 48.59 Percentage of GDP | -0.2% |
| 2025 | 48.78 Percentage of GDP | +0.4% |
| 2026 | 48.99 Percentage of GDP | +0.4% |
| 2027 | 49.34 Percentage of GDP | +0.7% |
| 2028 | 49.71 Percentage of GDP | +0.8% |
| 2029 | 50.24 Percentage of GDP | +1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.13 Percentage of GDP | 32.9 Percentage of GDP | 40.76 Percentage of GDP | 10 |
| 2010s | 43.04 Percentage of GDP | 39.22 Percentage of GDP | 46 Percentage of GDP | 10 |
| 2020s | 48.89 Percentage of GDP | 43 Percentage of GDP | 54.56 Percentage of GDP | 10 |
Countries ranked near European Union (27 countries)
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Frequently asked questions
- What is africa's development dynamics (afdd) table 15 - growth decomposition in European Union (27 countries)?
- Africa's development dynamics (afdd) table 15 - growth decomposition in European Union (27 countries) was 50.24 Percentage of GDP in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 15 - growth decomposition recorded in European Union (27 countries)?
- The highest recorded value was 54.56 Percentage of GDP in 2022.
- What is the lowest africa's development dynamics (afdd) table 15 - growth decomposition recorded in European Union (27 countries)?
- The lowest recorded value was 32.9 Percentage of GDP in 2003.
- How does European Union (27 countries) rank for africa's development dynamics (afdd) table 15 - growth decomposition?
- European Union (27 countries) ranks 3rd out of 36 regions with data for 2029.
- Is africa's development dynamics (afdd) table 15 - growth decomposition rising or falling in European Union (27 countries)?
- Over the last ten years it is up 9.2%. The long-run trend across the full record is rising.
- Where does this European Union (27 countries) data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition by expenditure — Imports of goods and services. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 15 shows growth decomposition by expenditure, including gross fixed capital formation, changes in inventories, foreign balances, and trade balance.