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

They reported corruption at the Foreign Ministry. Now they receive an award

The tenth year of the White Crow award, celebrating young people and activists who break prejudices and go against the tide.

White Crow award laureates

The day that changed the Tatra mountains for good Photo

The windstorm damaged 12,000 hectares of woods on November 19, 2004.

Tatras after the 2004 calamity

Smer follows a downward trend but may escape oblivion

What does the defeat in regional elections mean for the future of Slovakia’s strongest party?

“How could it be a fiasco when a political party wins most councillors among all parties?” asks PM Robert Fico.

Valorisation mechanism changes

But not everybody is satisfied with some of the latest changes.