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21539
Large differences across Europe
statistikk
2007-07-11T10:00:00.000Z
Prices and price indices
en
ppp, Comparison of price levels in Europe, gross domestic growth, volume index, personal consumption, price level adjusted GDP, price level index, EU countries, EEA countries, international comparisonsConsumer prices , Prices and price indices
false

Comparison of price levels in Europe, 2006

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Large differences across Europe

The price level adjusted GDP per inhabitant in the EU country with the highest incomes, was seven times higher than in the EU country with the lowest incomes in 2006. Norway still has Europe's second highest GDP per inhabitant.

Among the 27 EU countries (EU27), the price level adjusted GDP per inhabitant varied from 63 per cent below average in Bulgaria, to 180 per cent above average in Luxembourg. Roughly speaking, the results from 2005 have remained stable. Luxembourg still heads the list, partly due to the fact that a high proportion of the country's employees live in neighbour countries and thus contribute to the economy without being included in the resident population. Norway's result was 87 per cent above the EU27 average, 55 per cent above Sweden and 47 per cent above Denmark.

Eastern Europe at the bottom end

The two new member states Bulgaria and Romania are at the bottom of the ranking. The survey reveals that the eastern countries in general have a lower price level adjusted GDP per inhabitant than western countries. Poland, Latvia and Lithuania are 40-50 per cent below the average of EU27.However, there are exceptions. Both the Czech Republic and Slovenia are close to the western level, and above Portugal on the list.

Volume indices for GDP per
capita, price level adjusted.
Preliminary estimates 2006.
EU27=100
GDP per capita,
price level adjusted
Luxembourg  280
Norway  187
Ireland  144
Iceland  134
Switzerland  133
Netherlands  131
Austria  129
Denmark  127
Belgium  123
Sweden  121
United Kingdom  118
Finland  117
France  113
Germany  113
Italy  104
Spain  102
Cyprus 94
Greece 89
Slovenia 87
Czech Republic 79
Malta 77
Portugal 75
Estonia 67
Hungary 66
Slovakia 63
Lithuania 58
Latvia 56
Poland 53
Croatia 50
Romania 38
Bulgaria 37
Turkey 29
FYROM 27
Source:  Eurostat.

GDP provides a measure of the total economic activity in a country. It may be used to compare the degree of economic development of countries. The results in this article show GDP per capita, converted by purchasing power parities. This ensures that differences in price levels among countries are taken into account. These first estimates are based on the latest National Accounts data for 2006 and the most recent extrapolations of the purchasing power parities calculated within the framework of the European Comparison Programme.

Read Eurostat's press release.