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It narrowed slightly last year, but the gap between the richest and poorest countries in the European Union, Luxembourg and Bulgaria, remained huge, according to a report published last year by the statistical office of the European Union (Eurostat). .
In terms of PPS, the Grand Duchy of Western Europe also stands out in the 27-member community in terms of per capita gross domestic product (GDP) and real per capita consumption (AIC). Bulgaria has improved, but is still far behind.
Taking the EU average as 100 percent, both per capita gross domestic product and real per capita individual consumption in the euro area skyrocketed to 106 percent last year.
FOR ALMOST ALL COUNTRIES, THE VALUES MOVED BY 1-2 PERCENTAGE POINTS COMPARED TO 2018, SO THE ORDER OF THE COUNTRIES CHANGED HARDLY LAST YEAR.
In the richest country, Luxembourg, GDP per capita was 260 percent of the EU average, while last in Bulgaria was 53 percent. A year earlier, in 2018, Luxembourg’s GDP per capita was 261 percent and Bulgaria’s 51 percent.
In ten countries (Luxembourg, Ireland, the Netherlands, Denmark, Austria, Germany, Sweden, Belgium, Finland and France) GDP per capita exceeded the EU average last year.
Malta, Italy, the Czech Republic, Spain, Cyprus, Slovenia, Estonia, Lithuania, Portugal, Slovakia, Hungary and Poland fell in the middle, in the 70 to 100 percent category.
The remaining five countries (Latvia, Romania, Greece, Croatia and Bulgaria) had rates below 70 percent. In terms of real individual consumption per capita, which better reflects the standard of living of households, Luxembourg ranks first with 135% of the EU average and Bulgaria ranks last with 58% of the average. A year earlier, the two figures stood at 136 and 57 percent, respectively.
Only 9 countries are above the EU average, with Luxembourg, Germany, Austria, Denmark, Belgium, the Netherlands, Finland, France and Sweden. Italy, Ireland, Cyprus, Lithuania and Spain between 90 and 100 percent, Portugal, the Czech Republic, Malta and Slovenia between 80 and 90 percent and between Poland, Romania, Greece and Estonia between 75 and 80 percent.
Five Member States are below 75% of the EU average, together with Bulgaria, Latvia, Slovakia, Hungary and Croatia.
(Cover image: Voluntary purchases for seniors during the first wave of the coronavirus epidemic in Varna on March 31, 2020. Photo: NurPhoto / Getty Images Hungary)
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