Purchasing power parities, European countries – nowcast, 2021

The prices of food and non-alcoholic beverages in Slovenia the same as the EU-27 average

In purchasing power standards GDP per capita in Slovenia in 2021 was 10% lower than the EU-27 average, while actual individual consumption per capita was 13% lower. Prices of food, beverages and tobacco were lower than in Austria and Italy. 

  • 22 June 2022 at 10:30
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Nowcast published for 36 European countries

Eurostat published the 2021 nowcast for 36 European countries on actual individual consumption (AIC) per capita and GDP per capita expressed in purchasing power standards (PPS), as well as on price levels for several groups of consumer goods and services.

AIC per capita in PPS 87% of the EU-27 average

Slovenia’s AIC per capita in PPS, which reflects the material well-being of households better than GDP per capita by considering goods and services actually consumed by individuals, was at 87% of the EU-27 average in 2021, which is 5 percentage points higher than in 2020. Among 36 European countries the highest AIC per capita in PPS was recorded in Luxembourg (46% above the EU-27 average) and the lowest in Albania (61% below).

 

GDP per capita in PPS 90% of the EU-27 average

The indicator GDP per capita in PPS, used as a measure of the country’s economic development, shows a similar position of countries regarding GDP per capita in PPS as well as AIC per capita in PPS; however, the differences between countries are much bigger in the case of GDP per capita in PPS. Slovenian GDP per capita in PPS amounted to 90% of the EU-27 average, which is 1 percentage point higher than in 2020, and has been increasing since 2015. The highest value of this indicator among 36 European countries belonged to Luxembourg (177% above the EU-27 average) and the lowest to Albania (68% below). 

Price levels for consumer goods and services lower than the EU-27 average

A price comparison among European countries shows that price level indices for consumer goods and services consumed by households in Slovenia in 2021 amounted to 88% of the EU-27 average. Among the EU-27 Member States, Denmark and Ireland (each 40% above the EU-27 average) had the highest price levels. The lowest price level was recorded in Romania and Bulgaria (each 44% below the EU-27 average).

Food and non-alcoholic beverages cheaper than in Austria and Italy

The difference in prices between the neighbouring countries was among the observed groups of consumer goods and services most significant in the group "restaurants and hotels". The prices of these services in Austria and Italy were higher than in Slovenia by 32% and 18%, respectively, while in Croatia and Hungary they were lower by 8% and 29%, respectively.

Prices were also significantly different in the group “food and non-alcoholic beverages”: higher in Austria and Italy by 7% and 6%, respectively, and lower in Croatia and Hungary by 3% and 15%, respectively.



Consumer price levels available in the interactive infographic

The interactive infographic Consumer price levels below, published on the Eurostat website, shows price level indices for individual product and service groups, which provide a comparison of country price levels against the European Union average. The overview includes individual product groups or services of the country ranked from the most expensive to the least expensive. The infographic also allows you to display the price level for the selected country.

Consumer price levels, European countries (EU-27 = 100), 2021

* This is a non-EU country.

Source: Eurostat data, licensed under CC BY 4.0

The table with the latest data is available in the SiStat Database.
METHODOLOGICAL NOTE
Co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Commission. Neither the European Union nor the European Commission can be held responsible for them. 



When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.