Bulgaria - Last in the EU on Real Consumption and GDP

Of all the Members of the EU, Bulgaria ranks last in a real consumption rating, measured in terms of purchasing power parity (PPP). It is equivalent to 55% of the European average for 2017.

Besides this indicator, Bulgaria is also the last GDP per capita, according to a Eurostat report.

However, Bulgaria is still going up, and in 2016 real consumption in Bulgaria was 53% - two points lower than last year's figures.

Actual individual consumption is a measure of household well-being and consists of goods and services consumed by the citizens, whether purchased or paid by households, non-profit organizations, etc. According to the data, the 19 eurozone countries have much better performance than those that have not yet adopted the euro. The average per capita consumption is 105% and the GDP per capita is 106% of the average for all EU countries, according to data.

Just before Bulgaria in the rank list, is Croatia with a relatively high score - 61%. Before it, is Hungary with 63%. In Greece, individual consumption reaches 77% of the EU average. In Latvia, this indicator is 70% and in Estonia - 72%.

The top countries on the list are Luxembourg with 130% of the Union average, Germany with 122%, and Austria with 118%.

By the indicator GDP per capita, Bulgaria is also not doing well. For last year, GDP, measured in Purchasing Power Parity, is 49% of the EU average, again the lowest among the Member States. The highest standard again supports the inhabitants of Luxembourg - GDP per capita there reaches 253% of the EU average.

Petya Petrova

Petya Petrova is a journalist, believer, and traveler.

Comments (0)

Like Our Page on Facebook

Like our page to make sure you see all of our NEW articles!

Click to

Sign Up For Our Newsletter

Subscribe and stay informed about all important events!



x