EU industrial production: 0.6% annual growth since 2000

Between 2000 and 2024, industrial production increased by an average rate of 0.6% per year in the EU. 

During the early years of the 2000s, the EU’s average growth rate in industrial production was 2.0%, but many countries experienced growth rates that were much higher. During the financial crisis years 2007 and 2008, two-digit rates of decline were quite common, even in the countries that had grown dynamically before. 

After the most acute phase of the crisis, industrial growth picked up again between 2010 and 2019. However, the overall growth rates in the EU were only about half of what they had been before the crisis.

In 2020, due to the breakout of the Covid-19 pandemic, industrial production fell sharply by 7.4%, while the years 2021-2024 saw a smaller annual decline of 0.4%.

At country level, the highest average growth rates between 2000 and 2024 were observed in Ireland (5.6%) and Poland (4.9%), while the lowest rates were registered in Italy (-1.1%) and Portugal (-0.9%).

Source dataset: sts_inpr_a