Spectator on facebook

Spectator on facebook

Slovaks' Individual consumption per capita 20-30 percent under EU average

The actual individual consumption per capita in the European Union in 2015, when expressed in purchasing power parity, ranged between 51 percent of the EU average in Bulgaria to 137 percent of the EU average in Luxembourg.

Household consumption, illustrative stock photo(Source: SME)

This stems from the first estimate published by EU’s statistics office, Eurostat, on June 15, and cited by the Hospodárske Noviny daily. Actual individual consumption is a measure of material well-being of households and represents actually consumed goods and services, regardless of whether they were paid for by households, government, or non-profit organisations.

Slovakia, together with the Czech Republic, Poland, and Slovenia were in the group with actual individual consumption between 20 and 30 percent below the EU average. Last year, individual consumption in Slovakia amounted to 77 percent of the EU average.

Big differences are also in the gross domestic product (GDP) per capita – which is also an index of economic activity. In 2015, Bulgaria had the lowest GDP per inhabitant as expressed in standards of purchasing power (46 percent); with Luxembourg, at the other end of chart, having the highest (271 percent).

 

Topic: Economics


Top stories

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár