Standard of Living in Sofia Above the Average for the EU

According to Eurostat statistics for 2015, the standard of living in Bulgaria's capital - Sofia is above the average for the European Union. The primary methods for calculating it is the GDP per capita in purchasing power parity. It turns out that in 2015 Sofia's indicator was 102% of the European Union average value. The standard of purchasing power parity is an imaginary currency with a singular unit of which you could buy the same products and services all over the EU. So Eurostat's data means that with their income the average Sofia resident can buy a little more than the average EU-citizen. 

It's worth pointing out that Sofia isn't crossing the 100% for the first time. The same happened back in 2009 when Sofia reached 103% compared to the EU average. The indicator peaked in 2010 with Sofia reaching as much as 109%. Yet, the statistic shows a troubling aspect - a great disperity between the capital and other big cities within the country - with the lowest values being around 23% of the European average and second highest being only 52%. So - Sofia's progress does not imply an overall "success" in Bulgaria's economy. In the long term, however, Bulgaria is showing some progress - in 2006 it's average GDP per capita in PPP was about 38% of the European average and is currently sitting at 47%. 

Vasil Manev

Vasil Manev is a student in Computer Science and an aspiring columnist, studying in Heidelberg, Germany.

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