The FINANCIAL — Actual Individual Consumption (AIC) is a measure of material welfare of households. Based on first preliminary estimates for 20142, AIC per capita expressed in Purchasing Power Standards3 (PPS) varied from 49% to 140% of the European Union (EU) average across the Member States.
Ten Member States recorded AIC per capita above the EU average in 2014. The highest level in the EU was recorded in Luxembourg, 40% above the EU average. Germany and Austria were more than 20% above. They were followed by Denmark, Belgium, Sweden, the United Kingdom, Finland, France and the Netherlands which all recorded levels between 10% and 15% above the EU average.
AIC per capita for twelve Member States lay between the EU average and 30% below. In Italy, Ireland, Cyprus and Spain, the levels were 10% or less below the EU average, while Greece, Portugal and Lithuania were between 10% and 20% below. Malta, the Czech Republic, Poland, Slovenia and Slovakia were between 20% and 30% below the average.
Six Member States recorded AIC per capita more than 30% below the EU average. Estonia, Latvia and Hungary were between 30% and 40% below, while Croatia and Romania had AIC per capita between 40% and 45% below the EU average and Bulgaria was around 50% below.
These figures for Actual Individual Consumption per capita, expressed in PPS, are published by Eurostat, the statistical office of the European Union.
GDP per capita ranged from 45% to 263% of the EU average
Gross Domestic Product (GDP) per capita, a measure of economic activity, also shows substantial differences between the EU Member States. In 2014, GDP per capita expressed in PPS ranged between 45% of the EU average in Bulgaria to 263% in Luxembourg4. Eleven Member States recorded a level of GDP per capita above the EU average in 2014.