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STAT/10/195 15 December 2010 GDP per inhabitant in purchasing power standards GDP per inhabitant in the Member States ranged from 44% to 271% of the EU27 average in 2009 In 2009, the Gross Domestic Product (GDP) per inhabitant in Luxembourg1, expressed in purchasing power standards2 (PPS), was more than two and a half times the EU27 average, while the Netherlands recorded a level more than 30% above the average. Ireland, Austria and Denmark were between 20% and 30% above the EU27 average, while Sweden, Germany, Belgium, Finland and the United Kingdom were between 10% and 20% above average. France, Italy and Spain registered GDP per inhabitant between 0% and 10% above the EU27 average, while Cyprus and Greece were between 0% and 10% below the average. Slovenia, the Czech Republic, Portugal, Malta and Slovakia were between 10% and 30% lower than the EU27 average. Hungary, Estonia, Poland, Lithuania and Latvia were between 30% and 50% lower, while Romania and Bulgaria were between 50% and 60% below the EU27 average. These data for 2009, 2008 and 2007, published3 by Eurostat, the statistical office of the European Union, are based on revised4 purchasing power parities, and the latest GDP and population figures. They cover the 27 EU Member States, three EFTA Member States, three EU Candidate Countries and four Western Balkan countries. 1. The high GDP per inhabitant in Luxembourg is partly due to the country's large share of cross-border workers in total employment. While contributing to GDP, these workers are not taken into consideration as part of the resident population which is used to calculate GDP per inhabitant. 2. The Purchasing Power Standard (PPS) is an artificial currency unit that eliminates price level differences between countries. Thus one PPS buys the same volume of goods and services in all countries. This unit allows meaningful volume comparisons of economic indicators across countries. Aggregates expressed in PPS are derived by dividing aggregates in current prices and national currency by the respective Purchasing Power Parity (PPP). The level of uncertainty associated with the basic price and national accounts data, and the methods used for compiling PPPs imply that differences between countries that have indices within a close range should not be over-interpreted. 3. Eurostat, Statistics in Focus, 62/2010, "Major dispersion in GDP per inhabitant across the EU". In addition to GDP per inhabitant, this publication also includes data on Actual Individual Consumption per inhabitant, an alternative welfare indicator listed among the recommendations of the Stiglitz-Sen-Fitoussi report. The publication is available free of charge in PDF format on the Eurostat website. 4. The regular publication schedule of PPPs includes four estimates for a particular year. The first estimate for 2009, based partly on projections, was published in News Release 91/2010 of 21 June 2010. The present News Release corresponds to the second estimate. The 2009 figures will be revised again in December 2011 and finalised in 2012. 5. The euro area (EA16) consists of Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. Issued by: Eurostat Press Office Tim ALLEN Tel: +352-4301-33 444 [email protected] Eurostat news releases on the Internet: http://ec.europa.eu/eurostat For further information on the data: Lars SVENNEBYE Tel: +352-4301-33 870 [email protected] Jukka JALAVA Tel: +352-4301-38 435 [email protected] GDP per inhabitant in PPS, EU27 = 100 2007 2008 2009 EU27 100 100 100 Euro area (EA16)5 109 109 109 Luxembourg 275 280 271 Netherlands 132 134 131 Ireland 147 133 127 Austria 123 124 124 Denmark 123 123 121 Sweden 125 122 118 Germany 116 116 116 Belgium 116 115 116 Finland 117 118 113 United Kingdom 116 115 112 France 108 107 108 Italy 104 104 104 Spain 105 103 103 Cyprus 93 97 99 Greece 91 93 93 Slovenia 88 91 88 Czech Republic 80 81 82 Portugal 78 78 80 Malta 77 77 79 Slovakia 68 72 73 Hungary 62 64 65 Estonia 69 68 64 Poland 54 56 61 Lithuania 59 61 55 Latvia 56 56 52 Romania 42 47 46 Bulgaria 40 44 44 Norway 179 189 178 Switzerland 140 143 145 Iceland 121 122 118 Croatia 60 64 65 Turkey 45 47 46 Former Yugoslav Rep. of Macedonia 31 34 36 Montenegro 40 43 41 Serbia 33 37 37 Bosnia and Herzegovina 29 30 31 Albania 23 26 27