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 EuCham Charts
October 2014
Richest countries in Europe
1
Luxembourg
90,790
2
Norway
65,461
3
Switzerland
53,672
4
Austria
44,149
5
Sweden
43,533
● Luxembourg is ranked as the richest country in
Europe according GDP per capita (in PPP) with USD
90,790 per capita
● Norway, Switzerland, Austria and Sweden are
among the richest European countries
● The lowest ranked European country at #45 is
Moldova with only USD 4,669 per capita
Source: eucham.eu/charts
...
45
Moldova
4,669
Ranking based on GDP per capita in USD,
using PPP exchange rates, 2013.
45 European countries were considered
Detailed Information EuCham ­ European Chamber lists the richest countries in Europe measured on GDP per capita based on PPP (purchasing power parity). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates, where an international dollar has the same purchasing power over GDP as the USD has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy, plus product taxes, minus subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. According to the EuCham ranking the richest European country is Luxembourg with USD 90,790 per capita. The richest countries following are Norway, Switzerland, Austria and Sweden. At the bottom of the list, the poorest country in terms of GDP per capita is Moldova with only USD 4,669 per capita. However, EuCham reminds that excessively focusing on economic indicators such as GDP or stock market indices takes the attention away from entire measurement of countries' and their people’s progress ­ their overall well being. Besides, even EuCham itself argues that GDP is an imperfect measure of social progress because it does not take into account harm to the environment. © 2014 EuCham ­ EuCham Charts ­ Richest countries in Europe ­ 141027 dn
Page 1/2 Table 1: Richest countries in Europe, PPP GDP per capita in USD, 2013 data Rank Country PPP GDP per capita 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 Luxembourg Norway Switzerland Austria Sweden Netherlands Germany Ireland Denmark Belgium Iceland Finland France United Kingdom Italy Spain Malta Cyprus Slovenia Czech Republic Slovakia Portugal Greece Lithuania Estonia Russia Poland Latvia Hungary Croatia Turkey Romania Belarus Azerbaijan Bulgaria Montenegro Macedonia Serbia Albania Bosnia and Herzegovina Ukraine Kosovo Armenia Georgia Moldova 90,790 65,461 53,672 44,149 43,533 43,404 43,332 43,304 42,764 40,338 39,996 38,251 36,907 36,197 34,303 32,103 30,213 29,450 28,298 27,344 26,114 25,900 25,651 25,417 25,049 24,120 23,275 23,028 22,878 20,904 18,975 18,635 17,615 17,139 15,941 14,318 11,802 12,374 10,489 9,632 8,788 8,740 7,774 7,165 4,669 Sources: World Bank (2013) EuCham Research Department ­ Compiled by Luca Nazzicone and Dimal Nathwani 2014­10­27 © 2014 EuCham ­ EuCham Charts ­ Richest countries in Europe ­ 141027 dn
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