Purchasing power parities, European countries – nowcast, 2024
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 2024 was 9% lower than the EU-27 average, while actual individual consumption per capita was 15% lower. The prices of food and non-alcoholic beverages were lower than in Austria, Italy and Croatia.
Nowcast published for 36 European countries
Eurostat published the 2024 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 85% 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 85% of the EU-27 average in 2024, which was the same as in the previous year. Among 36 European countries, the highest AIC per capita in PPS was recorded in Luxembourg (41% above the EU-27 average) and the lowest in Albania (59% below the EU-27 average).
GDP per capita in PPS 91% 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 AIC per capita in PPS. However, the differences between countries are much larger in the case of GDP per capita in PPS.
Slovenian GDP per capita in PPS amounted to 91% of the EU-27 average, which is 1 percentage point lower than a year earlier. The highest value of this indicator among 36 European countries was recorded in Luxembourg (142% above the EU-27 average) and the lowest in Bosnia and Herzegovina (65% below the EU-27 average).
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 2024 amounted to 90% of the EU-27 average. Among the EU-27 Member States, Denmark (43% above the EU-27 average) had the highest price level. The lowest price level was recorded in Bulgaria (40% below the EU-27 average).
Restaurants and hotels cheaper than in Austria, Italy and Croatia
The difference in prices between the neighbouring countries was among the observed groups of consumer goods and services most significant in restaurants and hotels. The prices of these services in Austria and Italy were higher than in Slovenia by 22% and 19%, respectively. The prices in Croatia were also higher, i.e. by 6%, while in Hungary they were lower by 20%.
Prices were also significantly different in the group clothing: higher in Austria and Italy by 8% and 11%, respectively, and lower in Croatia and Hungary by 3% and 12%, respectively.
The prices of food and non-alcoholic beverages in Slovenia were the same as the EU-27 average. Prices in Austria and Italy were higher than in Slovenia by 11% and 2%, respectively. In Croatia, they were also higher, i.e. by 4%, while in Hungary they were lower by 5%.
The table with the latest data is available in the SiStat Database.
Eurostat published the 2024 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 85% 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 85% of the EU-27 average in 2024, which was the same as in the previous year. Among 36 European countries, the highest AIC per capita in PPS was recorded in Luxembourg (41% above the EU-27 average) and the lowest in Albania (59% below the EU-27 average).
GDP per capita in PPS 91% 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 AIC per capita in PPS. However, the differences between countries are much larger in the case of GDP per capita in PPS.
Slovenian GDP per capita in PPS amounted to 91% of the EU-27 average, which is 1 percentage point lower than a year earlier. The highest value of this indicator among 36 European countries was recorded in Luxembourg (142% above the EU-27 average) and the lowest in Bosnia and Herzegovina (65% below the EU-27 average).
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 2024 amounted to 90% of the EU-27 average. Among the EU-27 Member States, Denmark (43% above the EU-27 average) had the highest price level. The lowest price level was recorded in Bulgaria (40% below the EU-27 average).
Restaurants and hotels cheaper than in Austria, Italy and Croatia
The difference in prices between the neighbouring countries was among the observed groups of consumer goods and services most significant in restaurants and hotels. The prices of these services in Austria and Italy were higher than in Slovenia by 22% and 19%, respectively. The prices in Croatia were also higher, i.e. by 6%, while in Hungary they were lower by 20%.
Prices were also significantly different in the group clothing: higher in Austria and Italy by 8% and 11%, respectively, and lower in Croatia and Hungary by 3% and 12%, respectively.
The prices of food and non-alcoholic beverages in Slovenia were the same as the EU-27 average. Prices in Austria and Italy were higher than in Slovenia by 11% and 2%, respectively. In Croatia, they were also higher, i.e. by 4%, while in Hungary they were lower by 5%.
The table with the latest data is available in the SiStat Database.
METHODOLOGICAL NOTE
Additional explanations are available in the methodological explanations.
The survey is 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 granting authority can be held responsible for them.
The survey is 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 granting authority 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.
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