site.btaBulgaria Records Lowest GDP Per Capita in PPS In 2023 EU-Wide

In 2023, Bulgaria and Hungary recorded the lowest levels of Actual Individual Consumption (AIC) per capita in the EU, according to the latest Eurostat data published on Tuesday.

AIC per capita is expressed in purchasing power standards and is used as a measure of material welfare of households.

In 2023, the levels of actual individual consumption (AIC) across EU countries varied between 70% and 136% of the EU average.

AIC per capita is expressed in purchasing power standards and is used as a measure of material welfare of households.

Actual individual consumption includes all goods and services that households use, irrespective of whether they were purchased and paid for by households directly, by government, or by nonprofit organisations.

Last year, 9 countries recorded an AIC per capita above the EU average. Luxembourg recorded the highest level at 36% above the EU average. Luxembourg was followed by the Netherlands and Germany (both 19% above).

The lowest levels of AIC per capita were registered in Hungary and Bulgaria (both 30% below the EU average) and Latvia (26% below).

Luxembourg registered the highest level of GDP per capita expressed in purchasing power standards (PPS) in the EU, at 137% above the EU average, ahead of Ireland (113%) and the Netherlands (33%).

By contrast, Bulgaria (36% below the EU average), Greece (31%) and Latvia (30%) registered the lowest levels.