site.btaBulgaria's North-Central Region Ranks Second in EU in Annual Real GDP Growth in 2023, Eurostat Says

Real gross domestic product (GDP) adjusted for consumer prices increased in 154 regions in the European Union in 2023 on an annual basis, according to the latest data by Eurostat, published Tuesday. Real GDP decreases were registered in 85 other European regions.

The region with the largest growth in real GDP was Malta (a single region at this level of detail), with a 6.7% increase, followed by the North Central region of Bulgaria (+5.8%), the Isles Baleares and Canarias in Spain, (+5.7% and +5.1%, respectively) and Hovedstaden in Denmark (+5.0%).

Unlike in 2022, when the highest fall in real GDP was 3%, in 2023, there was a 14.1% fall in Vorarlberg in Austria and a 12.9% fall in Provence-Alpes-Cote d’Azur. These were followed by Groningen in the Netherlands (-11.1%), the Southern region in Ireland (-10.9%) and Norra Mellansverige in Sweden (-7.7%). 

5 EU regions registered no change in real GDP compared with 2022: Salzburg in Austria, Lüneburg and Thüringen in Germany, Thessalia in Greece and Emilia-Romagna in Italy. 

In 2023, regional GDP per capita expressed in terms of purchasing power standards (PPS) ranged from 27.6% of the EU average in Mayotte, an overseas region in France, to 244.7% in Eastern and Midland Ireland.