Estonian residents’ real individual purchasing-power-parity based consumption is the lowest among Baltic countries, as evidenced by Eurostat data published yesterday.
Estonians’ purchasing power at Baltic bottom
Please note that the article is more than five years old and belongs to our archive. We do not update the content of the archives, so it may be necessary to consult newer sources.
According to Eurostat figures for 2012, Estonia showed 59 per cent of European average, Latvia and Lithuania preceding it with 61 and 74 per cent, respectively.
Luxemburg revealed the best purchasing power with 141 per cent of euro area’s average, followed by Germany (121 per cent) and UK (120).
Romania came last with purchasing power of 48 per cent of EU average.
In gross domestic product (GDP) per capita, Estonia fared slightly better: 68 per cent of EU average. Lithuania’s GDP per capita was 70 per cent, Latvia’s corresponding percentage being 62.
In Eurostat’s estimation, real individual consumption, based on purchasing power parity, reflects the population’s life situation better than GDP. In purchasing power parity, EU states are more homogenous than regarding GDP – still with considerable gaps, however.