Consumption per capita among EU countries varies substantially

GMT 07:47 2014 Thursday ,19 June

Arab Today, arab today Consumption per capita among EU countries varies substantially

Consumption per capita among EU countries
Brussels - XINHUA

As a measure of material welfare of households, Actual Individual Consumption (AIC) per capita varied substantially in 2013 among the European Union (EU) member states, with the highest rate nearly triple the lowest, official figures showed Wednesday.
The highest level of AIC per capita expressed in Purchasing Power Standards (PPS) in the 28-nation block was recorded in Luxembourg with a level of almost 40 percent above the EU average, according to figures published by Eurostat, the EU statistical office.
Germany was 25 percent above the average and Latvia, Estonia, Hungary and Croatia were between 30 percent and 40 percent below, while Romania and Bulgaria were around 50 percent below the average.
Eurostat said Gross Domestic Product (GDP) per capita, a measure of economic activity, also shows substantial differences between the EU member states.
In 2013, GDP per capita expressed in PPS ranged between 47 percent of the EU average in Bulgaria to 264 percent in Luxembourg.

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