GDP (current US$) - Country Ranking - Europe

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Germany 3,947,620,000,000.00 2018
2 United Kingdom 2,855,300,000,000.00 2018
3 France 2,777,540,000,000.00 2018
4 Italy 2,083,860,000,000.00 2018
5 Spain 1,419,040,000,000.00 2018
6 Netherlands 913,658,000,000.00 2018
7 Turkey 771,350,000,000.00 2018
8 Switzerland 705,140,000,000.00 2018
9 Poland 585,664,000,000.00 2018
10 Sweden 556,086,000,000.00 2018
11 Belgium 542,761,000,000.00 2018
12 Austria 455,286,000,000.00 2018
13 Norway 434,167,000,000.00 2018
14 Ireland 382,487,000,000.00 2018
15 Denmark 355,675,000,000.00 2018
16 Finland 276,743,000,000.00 2018
17 Czech Republic 245,226,000,000.00 2018
18 Portugal 240,675,000,000.00 2018
19 Romania 239,553,000,000.00 2018
20 Greece 218,032,000,000.00 2018
21 Hungary 157,883,000,000.00 2018
22 Ukraine 130,832,000,000.00 2018
23 Slovak Republic 105,905,000,000.00 2018
24 Luxembourg 70,885,330,000.00 2018
25 Bulgaria 65,132,950,000.00 2018
26 Croatia 60,971,700,000.00 2018
27 Belarus 59,662,500,000.00 2018
28 Slovenia 54,007,970,000.00 2018
29 Lithuania 53,429,070,000.00 2018
30 Serbia 50,597,290,000.00 2018
31 Latvia 34,409,230,000.00 2018
32 Estonia 30,732,140,000.00 2018
33 Iceland 25,878,470,000.00 2018
34 Cyprus 24,961,990,000.00 2018
35 Bosnia and Herzegovina 20,161,870,000.00 2018
36 Albania 15,102,500,000.00 2018
37 Malta 14,553,420,000.00 2018
38 North Macedonia 12,672,130,000.00 2018
39 Moldova 11,443,670,000.00 2018
40 Monaco 7,184,844,000.00 2018
41 Liechtenstein 6,214,633,000.00 2016
42 Montenegro 5,504,167,000.00 2018
43 Andorra 3,236,544,000.00 2018
44 San Marino 1,632,860,000.00 2017

More rankings: Africa | Asia | Central America & the Caribbean | Europe | Middle East | North America | Oceania | South America | World |

Limitations and Exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money.

Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.

Aggregation method: Gap-filled total

Periodicity: Annual