According to them, the AIC, expressed in purchasing power parity standards (PPS), in our country in 2020 was 72% of the EU average. Latvia is ahead of only Hungary (69%), Croatia (67%) and Bulgaria (61%).
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Last year, real individual consumption per capita was higher than in Latvia in Slovakia (73%), Greece (78%), Estonia and Romania (79% in both countries), Slovenia (80%), Poland and Malta (83% in both countries). In Lithuania, real individual consumption per capita last year was 96%.
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Last year, Luxembourg (131%), Germany 123%), Denmark (121%), the Netherlands (117%), Austria and Finland (114%), and Belgium (113%) had higher AICs than the EU average. %), Sweden (111%) and France (109%).
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Latvia’s gross domestic product (GDP) per capita, expressed in PPS, in 2020 accounted for 72% of the EU average. The same was the case in Romania. Only Bulgaria (55%), Greece and Croatia (64% each) and Slovakia (71%) had lower rates.
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In Lithuania, the GDP per capita was 87% last year, while in Estonia it was 86%.
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The highest figure was in Luxembourg, where per capita GDP was 266% of the average in the bloc last year, followed by Ireland (211%), Denmark (136%) and the Netherlands (133%).
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Eurostat pointed out that Luxembourg’s high GDP is partly due to the large number of foreign workers in the country, which means that these workers contribute to the country’s GDP but are not considered as per capita GDP.
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In the 19 member states of the euro area, both GDP and AIC per capita were 105% of the EU average last year.
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Purchasing power data are used to decide which EU countries and regions are eligible for cohesion funding. To be eligible for such support, a region’s GDP must be less than 75% of the EU regional average, expressed as 100%
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Eurostat calculates GDP and AIC per capita using artificial money PPS, which excludes the effects of different exchange rates.
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