Published on Tuesday, 15, December, 2009 at 15:16 in Malta News | No Comments

Malta’s purchasing power standard 24% less than EU average

Malta's purchasing power standard 34% less than EU averageGDP per inhabitant in purchasing power standards GDP per inhabitant in the Member States ranged from 41% to 276% of the EU27 average in 2008.

In 2008, the Gross Domestic Product (GDP) per inhabitant in Luxembourg, expressed in purchasing power standards (PPS), was more than two and a half times the EU27 average, while Ireland and the Netherlands recorded levels about one third above average. Austria, Denmark, Sweden, Finland, Germany, the United Kingdom and Belgium were between 15% and 25% above the EU27 average.

France, Spain and Italy registered GDP per inhabitant between 0% and 10% above the EU27 average, while Cyprus, Greece and Slovenia were between 0% and 10% below the average.

The Czech Republic, Malta (76%), Portugal, and Slovakia were between 20% and 30% lower than the EU27 average. Estonia, Hungary, Lithuania, Latvia and Poland were between 30% and 50% lower, while Romania and Bulgaria were between 50% and 60% below the EU27 average.

This data for 2008, 2007 and 2006, published by Eurostat, the Statistical Office of the European Communities, is based on revised purchasing power parities, and the latest GDP and population figures. They cover the 27 EU Member States, the three EU Candidate Countries, three EFTA Member States and four Western Balkan countries.

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