In 2025, the EU’s value of sold production in constant prices increased by 2.9% compared with 2024. This is the first time since 2022 and comes after 2 successive declines in 2023 (-1.5% compared with 2022) and 2024 (-1.9% compared with 2023).
Constant prices are adjusted for inflation by using the prices of a fixed base year (in this article the year 2021) to reflect value changes over time. Current (nominal) prices are measured using the actual prices of goods in the year they are produced.
The EU’s production increased gradually every year in the period 2015-2018. In 2019, the value of sold production registered a small decrease and dropped sharply in 2020 due to the effects of the global pandemic. However, 2021 and 2022 showed increases in production in all the industrial activity groups.
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