The 1973-1975 Recession marked the end of the most economically prosperous period in modern European history. GDP per capita saw virtually uninterrupted growth across all regions of Europe for more than two decades. Between 1950 and 1973, GDP per capita grew by almost five percent each year in western Europe, and growth was between three and four percent in the Eastern Bloc. The recession had varying effects across the continent, impacting some countries (such as Poland) more severely than others; however, overall GDP per capita growth rates remained much lower over the subsequent 25 year period. In the Soviet Union and its successor states, the economic impact of dissolution, partition, and the transition to market economies meant that the period between 1989 and 1998 was particularly challenging from a financial perspective, with GDP per capita falling by 45 percent between these years, undoing much of the progress that had been made in previous decades.
Average annual gross domestic product (GDP) per capita growth rate by region of Europe in select periods between 1950 and 1998
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Cambridge University Press. (December 31, 2006). Average annual gross domestic product (GDP) per capita growth rate by region of Europe in select periods between 1950 and 1998 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1073158/europe-gdp-per-capita-by-region-1950-1998/
Cambridge University Press. "Average annual gross domestic product (GDP) per capita growth rate by region of Europe in select periods between 1950 and 1998." Chart. December 31, 2006. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1073158/europe-gdp-per-capita-by-region-1950-1998/
Cambridge University Press. (2006). Average annual gross domestic product (GDP) per capita growth rate by region of Europe in select periods between 1950 and 1998. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1073158/europe-gdp-per-capita-by-region-1950-1998/
Cambridge University Press. "Average Annual Gross Domestic Product (Gdp) per Capita Growth Rate by Region of Europe in Select Periods between 1950 and 1998." Statista, Statista Inc., 31 Dec 2006, https://www.statista.com/statistics/1073158/europe-gdp-per-capita-by-region-1950-1998/
Cambridge University Press, Average annual gross domestic product (GDP) per capita growth rate by region of Europe in select periods between 1950 and 1998 Statista, https://www.statista.com/statistics/1073158/europe-gdp-per-capita-by-region-1950-1998/ (last visited September 01, 2024)
Average annual gross domestic product (GDP) per capita growth rate by region of Europe in select periods between 1950 and 1998 [Graph], Cambridge University Press, December 31, 2006. [Online]. Available: https://www.statista.com/statistics/1073158/europe-gdp-per-capita-by-region-1950-1998/