Analytics, Economics, EU – Baltic States

International Internet Magazine. Baltic States news & analytics Monday, 18.11.2024, 23:21

GDP per inhabitant in Estonia – the highest among Baltic States

Juhan Tere, BC, Tallinn, 25.06.2008.Print version
The highest GDP per inhabitant in 2007 was registered in Luxembourg, where the average EU level was surpassed 2.8 times. The highest level among Baltic States was reached by Estonia with 72 percentage points. Lithuanian GDP per inhabitant expressed in purchasing power standards, was at 60% of the average of the 27 European Union (EU) member states, and Latvian – 58%, which is the fourth lowest index in EU, according to the EU statistical office's Eurostat data.

High levels of GDP per inhabitant in the EU were registered also in Ireland, where it surpassed the EU average by 46%, the Netherlands, where it was 31% higher, Austria – 28%, Sweden – 26%, Denmark – 23%, Belgium – 18% higher than the EU average.

 

The lowest levels of GDP per inhabitant in the EU were in Bulgaria – 38% of the EU average, Romania – 41%, Poland – 54%, Latvia – 58%, Lithuania – 60%, Hungary – 63%, Slovakia – 69% and Estonia – 72% of the EU average.

 

The figures for GDP per inhabitant are expressed, using an artificial currency unit Purchasing Power Standard (PPS), which takes into account the price difference in various countries.

 

The study covers the 27 EU Member States, the three candidate countries, three EFTA countries and two Western Balkan countries.





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