Even if it was hit by the Global recession in 2009 and the Eurozone crisis in 2011 and 2012, it was the only region of the whole Iberian Peninsula to increase in GDP per inhabitant in purchasing power standards (PPS) in relation to the EU-28 average, by NUTS 2 regions, between 2007–2015. Also one of the few regions in Western Europe to do so. From 49,220 million euros to 52,740 million, while Lisbon declined from 65,590 to 63,194 million. In 2016, Northern Portugal GPD was 55,049.38 million euros at current market prices, a larger economy in that year than that of the whole countries of Bulgaria, Croatia or Slovenia, and with the largest growth in Portugal. In 2017, it reached 57,240.64 million, a 3.98% annual increase in GDP.