In case European countries fully ban Russian gas imports, the global gross domestic product (GDP) growth in 2023 was expected to be 0.45 percent lower compared to the baseline forecast. The ban could cost European countries that were members of the Organization for Economic Co-operation and Development (OECD) 1.3 percent of GDP in the same year and 0.67 percent in 2024.
Change in forecast gross domestic product (GDP) growth worldwide in case of an embargo on Russian gas in Europe from 2023 to 2024, by region (as a difference from baseline)
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Other statistics that may interest you Natural gas in Europe
Overview
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- Premium Statistic Gas power production capacity in Europe 2000-2022
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Energy crisis
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Natural gas in EuropeOECD. (June 8, 2022). Change in forecast gross domestic product (GDP) growth worldwide in case of an embargo on Russian gas in Europe from 2023 to 2024, by region (as a difference from baseline) [Graph]. In Statista. Retrieved May 11, 2024, from https://www.statista.com/statistics/1321533/gdp-impact-of-european-embargo-on-russian-gas/
OECD. "Change in forecast gross domestic product (GDP) growth worldwide in case of an embargo on Russian gas in Europe from 2023 to 2024, by region (as a difference from baseline)." Chart. June 8, 2022. Statista. Accessed May 11, 2024. https://www.statista.com/statistics/1321533/gdp-impact-of-european-embargo-on-russian-gas/
OECD. (2022). Change in forecast gross domestic product (GDP) growth worldwide in case of an embargo on Russian gas in Europe from 2023 to 2024, by region (as a difference from baseline). Statista. Statista Inc.. Accessed: May 11, 2024. https://www.statista.com/statistics/1321533/gdp-impact-of-european-embargo-on-russian-gas/
OECD. "Change in Forecast Gross Domestic Product (Gdp) Growth Worldwide in Case of An Embargo on Russian Gas in Europe from 2023 to 2024, by Region (as a Difference from Baseline)." Statista, Statista Inc., 8 Jun 2022, https://www.statista.com/statistics/1321533/gdp-impact-of-european-embargo-on-russian-gas/
OECD, Change in forecast gross domestic product (GDP) growth worldwide in case of an embargo on Russian gas in Europe from 2023 to 2024, by region (as a difference from baseline) Statista, https://www.statista.com/statistics/1321533/gdp-impact-of-european-embargo-on-russian-gas/ (last visited May 11, 2024)
Change in forecast gross domestic product (GDP) growth worldwide in case of an embargo on Russian gas in Europe from 2023 to 2024, by region (as a difference from baseline) [Graph], OECD, June 8, 2022. [Online]. Available: https://www.statista.com/statistics/1321533/gdp-impact-of-european-embargo-on-russian-gas/