The FINANCIAL — Actual Individual Consumption is a measure of material welfare of households. Based on first preliminary estimates for 2017, AIC per capita expressed in Purchasing Power Standards varied from 55% to 130% of the European Union average across the Member States.
Ten Member States recorded AIC per capita above the EU average in 2017. The highest level in the EU was recorded in Luxembourg, 30% above the EU average. Germany and Austria were around 20% above, followed by the United Kingdom, Finland, Belgium, Denmark, the Netherlands, France, and Sweden which all recorded levels between 9% and 14% above the EU average.
AIC per capita for twelve Member States lay between the EU average and 25% below. In Italy, Ireland and Cyprus the levels were 10% or less below the EU average, while Spain, Lithuania, Portugal and the Czech Republic were between 10% and 20% below. Malta, Greece, Slovenia, Poland and Slovakia were between 20% and 25% below the average, according to EU.
Six Member States recorded AIC per capita about 30% or more below the EU average. Estonia, Latvia and Romania were around 30% below, while Hungary and Croatia had AIC per capita just under 40% below the EU average and Bulgaria was 45% 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 49% in Bulgaria to 253% in Luxembourg, of EU average
Gross Domestic Product (GDP) per capita, a measure of economic activity, also shows substantial differences between the EU Member States. In 2017, GDP per capita expressed in PPS ranged between 49% of the EU average in Bulgaria to 253% in Luxembourg. Eleven Member States recorded a level of GDP per capita above the EU average in 2017.
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