Purchasing power parities and gross domestic product per capita in purchasing power standards, European countries, 2015 – nowcast
Actual individual consumption per capita in Slovenia in 2015 lagged behind the EU-28 average by a quarter
Actual individual consumption per capita in purchasing power standards in Slovenia in 2015 lagged behind the EU-28 average by 26%. Slovenian gross domestic product per capita in purchasing power standards in 2015 was 17% lower than the EU-28 average.
Eurostat published the nowcast on actual individual consumption (AIC) per capita and gross domestic product (GDP) per capita, expressed in purchasing power standards (PPS) for 2015 and for 37 European countries. The published results are based on the new system of national accounts (ESA 2010), on revised purchasing power parities (PPP) for the mentioned period, and on the latest GDP figures and population figures.
AIC per capita in PPS in Slovenia in 2015 26% lower than the EU-28 average
Better than GDP per capita, material well-being of households is reflected by AIC, which is made up of goods and services actually consumed by individuals.
Among 37 countries the highest AIC per capita in PPS for 2015 was recorded in Luxembourg and Norway (30% or more above the EU-28 average), followed by Switzerland, Germany and Austria with about 20% above the EU-28 average.
The lowest AIC was recorded in Bosnia and Herzegovina and in Albania (approx. 63% below the EU-28 average).
In 2015 AIC per capita in PPS in Slovenia was at the same level as in Poland (74% of the EU-28 average). Other countries close to Slovenia in terms of AIC per capita in PPS were the Czech Republic (76%), Estonia (69%) and Latvia (66% of the EU-28 average). In 2014 AIC per capita in PPS in Slovenia was 25% lower than the EU-28 average.
Slovenian GDP per capita in PPS in 2015 17% lower than the EU-28 average; same as in 2014
The indicator GDP per capita in PPS is a measure of a country’s economic development. The position of countries regarding GDP per capita in PPS and AIC per capita in PPS are similar; however, the differences between countries are much bigger in the case of GDP per capita in PPS. GDP per capita in PPS varied by almost one to six across the EU-28 Member States in 2015.
Here, too, the first three positions among 37 countries in 2015 belong to Luxembourg (171% above the EU-28 average), Norway and Switzerland (more than 60% above the EU-28 average). They were followed by the Netherlands, Austria, Germany, Denmark, Iceland and Sweden (20% or more above the EU-28 average).
The countries with the lowest GDP per capita in PPS were Bosnia and Herzegovina, and Albania (approx. 70% below the EU-28 average).
Slovenian GDP per capita in PPS in 2015 amounted to 83% of the EU-28 average and stayed the same as in the previous year.Close to Slovenia in terms of GDP per capita in PPS were the Czech Republic and Cyprus whose values were 15%-19% below the EU-28 average.
Table 1: Actual individual consumption and Gross domestic product per capita in purchasing power standards, volume indices, European countries (EU-28=100), 2015
1) Based on ESA 95.
Source: Eurostat (http://ec.europa.eu/eurostat, 15. 6. 2016)
2015 was the first year for which the new basic heading classification was implemented. All the PPP surveys conducted this year followed this classification, while the surveys conducted in 2011, 2012, 2013 and 2014 were recalculated.
In September 2014 all EU Member States had to implement the new European System of Accounts 2010 (ESA 2010), which was published in the Official Journal on 26 June 2013 (Regulation of the European Parliament and the Council No. 549/2013). The European System of Accounts 2010 replaces the previous European System of Accounts 1995. Among non-EU members two countries published their data based on ESA 1995; Turkey, and Bosnia and Herzegovina.The data on PPPs, price level indices, expenditure in national currencies, expenditure in PPS and volume indices at the level of 60 analytical expenditure categories of GDP are published in the Eurostat dissemination database, theme “Economy and finance” (domain “Purchasing Power Parities -PPPs”). The data on PPP, GDP in PPS, volume indices and population figures are published also under the domain “National Accounts (including GDP)”, collection “Annual national accounts”.