Published on Thursday, 11, December, 2008 at 12:49 in Malta News | No Comments

Malta’s purchasing power is 77% of EU average

Malta's purchasing power is 77% of EU averageIn 2007, 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 50% and 30% respectively above average. Austria, Sweden, Denmark, the United Kingdom, Belgium, Finland and Germany 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 Greece and Cyprus were between 0% and 10% below the average.

Slovenia, the Czech Republic, Malta and Portugal were between 10% and 25% lower than the EU27 average, with Malta standing at 23% lower. Estonia, Slovakia, Hungary, Lithuania, Latvia and Poland were between 30% and 50% lower, while Romania and Bulgaria were about 60% below the EU27 average.

This data for 2007, 2006 and 2005, 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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